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It's "on the way" just like the Dragons in Game of Thrones.
ALMOST THERE! LOL
I doubt there will be anything new that will be shared between now and Financial. Financials are set to be on or before March 31st for the Fiscal Year and Q4. These financials will arguably be the most important thus far for GrowLife and its investors. There is a good chance they will act more like a big board stock and reserve news for fiscal quarters unless something substantial warrants it, such as an acquisition.
Makes perfect sense and I agree with you. Trading emotion is no way to play this game.
I've been in for sometime now and have added here and there. I'm contemplating adding some more even though I am well into profit. Take some of my American Air shares from my distro into here. The thing, of-coarse, is if it will hold this run that is building up. I hate chasing, lol. I'm good about holding off panic selling, but when I see panic buying I get itchy. Still, I am able to keep it together. Part of the logic rattling in the brain is how confident I am that we will see FnF freed, so long term I know it's worth it.
Another nice and solid green day. It seems volume today is better than last weeks anemic volume. I maintain my personal 2014 target of 1.00. I'm not expecting a PR or Company news until Fiscal 13 and Q4 financials. Its been indicated this will be released in late March. What I do expect is a continued up trend into the .60 range. Mind you, we will have our up and down days like any good stock but the trend up will continue.
I believe that North Star has risen their target for March due to the release of Financials for this month.
I'm still a firm believer that GrowLife will continue its efforts to increase brand strength and will announce, sometime in 2014, a franchise plan.
Oh wow! Is there a source for this info? I'd love to spread this around.
What I like better than the PPS rise here is the rush of volume.
I'm a bit fearful of the Gov lowering the schedule of MJ at this time. Along with giving the metaphoric green light to banks. Only because I'd like GrowLife to have more time to build its empire.
Exactly, this is the big picture I see with all the moves recently performed by GrowLife. This is also the reason why I see franchising in the future.
I also wonder what the low volume means as it relates to GrowLife. I normally see this as a good sign when considered with the PPS movement. Accumulation as it were.
I would like to hear from Monkey on this one though, I defer to his wisdom in this case.
- Carpathian
For as much as our "saviors" are spamming the GrowLife boards, claiming to be impartial, they sure are doing a lousy job. The post history is evidence enough. They only come out to bash or place doubts. As soon as they fail, they run back to their roach holes.
Go try some other marijuana plays, you may have better luck there.
GrowLife longs know what they have here.
In response to WagonWheel about his discussion with friends and GrowLife brand.
I believe that it's entirely possible that what you are saying is true. But, if I may, allow me to share a personal experience when it comes to creating a brand name.
I worked with a gaming hardware company you may have heard of for nearly a decade. That company is Alienware. I started with them when there were only 20 or so employees and one little warehouse front. At the time they were known to the gaming community as 'over priced' and were FAR from being a brand name. I remember that no one knew who we were outside of the hardcore gamer community, which at the time was very small. I was very fortunate as such a young age to start with this company. I learned so much with them. Because we were a small company everyone wore every hat the company had to offer. Meaning that I worked in operations, manufacturing, marketing, engineering, ext. I helped where I was needed and I had the educational background to meet those needs. From very early on the core idea was to build a brand. We had the logo, the name, and the brains to do so. Over the years I participated and witnessed Alienware grow into the giant name in gaming that it is today and I was part of the Dell buyout when that occurred. Today Alienware is the number one gaming hardware brand sold across the world.
Which brings me to GrowLife. I see this company and it's like looking at a picture in the past. They have the logo, the name, and the brains. I have little doubt that this will be a strong brand name for this industry in the coming years. It could happen very fast, and like Alienware, prices will come down and its market will grow grow grow. One day GrowLife might get bought out, or maybe they will be too big to want to sell out. Either way, by that point, shareholders will enjoy the taste of ripe delicious fruit from what was once a sapling.
-Carpathian
Our "Saviors" are out in force this morning. They will crawl back into their roach holes once they realize there are no weak hands here. Just like the person who was warning us all last week, or the week before that, or the one before that.
It's been repeated and proven over and over again, there is nothing mysterious happening here with the shares.
I'm in agreement here. In the same way that the "Saviors" scream hear-say negativity; I also frown upon "Unicorns and Rainbows" traders who post without substance.
This was a public meeting, why in the world would those who attended not share the supposed "AMAZING" news. If it's simply an impression, why not state it as such and help take us through their thought process of why such news should be expected?
I've been long/bullish with GrowLife for a long time now and I see no reason to change that stance at this time. That being said, the company can run on its own merits and doesn't need people on both sides who cry wolf.
- Carpathian
I (Carpathian) posted a break down of the NASDAQ uplist requirements about a week ago. In short, we do not meet the revenue requirements yet. I predicted late 2015 we begin the process.
I'm actually Carpathian, lol.
I use convoluted passwords for everything and I was (still am)away from my home office when this came up. So I made a quick account just so I could post the article. I thought it was important enough.
GrowLife and F!TX mentioned in CNN Money.
http://tech.fortune.cnn.com/2014/02/12/marijuana-manufacturing-2-0/?iid=HP_LN
Marijuana manufacturing 2.0
FORTUNE -- Matthew Cohen wants his startup TRiQ to be the Toyota of marijuana manufacturing. The company, which opened its doors in Ukiah, Cal. in 2013, has a long way to go. But already, TRiQ is partnering with software and manufacturing companies outside the cannabis industry in an attempt to revamp the way marijuana is being produced. "Toyota is one of our idols," Cohen says. "How they took car manufacturing systems and totally reinvented it -- that's similar to what we are trying to do for cannabis now."
Meanwhile, up north, just outside of Detroit, Sam Alawieh, CEO and founder of the pharmaceutical company RXNB, has developed closed-door climate bay technology to replicate the exact environment of 50 different strains of marijuana in a controlled and sterile manufacturing environment. Alawieh, whose background is in pharmacology, has 32 patents pending on marijuana-related technologies. "People have been focused on access," he says. "But the second wave evolution is about predictability and accountability."
The legal marijuana market in the U.S. is expected to grow 64 percent in 2014 to $2.34 billion, according to ArcView Group, a cannabis industry-focused investment group. In five years, ArcView estimates that figure will reach $10.2 billion. Recognizing marijuana's growing market potential, companies big and small are scrambling to get ideas patented. But until the federal government -- which ironically has its own health patent on marijuana -- changes its classification from a Schedule 1 drug, many investors and businesses are loath to risk involvement in the market.
MORE: How marijuana munis could save the states
Still, technology is exploding in the marijuana industry as a growing number of states move toward legalization, with innovations ranging from production equipment to vaporizers to products created with THC extracts. In the areas of manufacturing and software, there's a tremendous market to be tapped, says Justin Hartfield, CEO of Weedmaps.com and founder of the private equity group Emerald Ocean Capital, which focuses on the cannabis industry.
Realizing the need to streamline and improve the production process, companies are trying to figure out how to grow, harvest and process marijuana in the most efficient, controlled and effective way possible. TRiQ has a patent out on a technology to dry marijuana in a way that kills specific molds dangerous to immune-deficient patients. They've partnered with a software company that develops pharmaceutical management programs, a manufacturer making Near-Infrared testing technology and greenhouse engineers from Holland creating large-scale greenhouses that are entirely mechanized. "It's all part of our vision to get everything into a whole system design," says Cohen.
Much of the technology happening in the growth market involves LED lighting, which offers growers a more sustainable sophisticated lighting source to grow indoors. Among the technology Alawieh is working on are patents that look at how to enrich the growth cycle of specific strains at the cellular level, with the potential to create crops that bloom continuously, rather than seasonally, yielding more marijuana per plant.
Alawieh has licensed RXNB's technology to CEN Biotech, an offshoot of the publicly traded company Creative Edge Nutrition, based just outside of Detroit. The company broke ground on a $12-million manufacturing facility in Ontario, Canada and plans to grow and sell 1.3 million pounds of medical marijuana this year in the Canadian market. "Everything will be completely computer-automated," says Bill Chaaban, CEO of Creative Edge Nutrition, which has made its bread and butter selling nutritional supplements and energy drinks in the U.S. "You're not going to have a guy walking around with a ponytail and jeans."
MORE: Colorado pot laws help Mile-High City's appetite for real estate to grow even higher
For Chaaban breaking into the Canadian market was a viable alternative to the U.S., particularly as patient accessibility grows more lax in British Columbia. But while companies like Creative Edge Nutrition can't legally grow or sell medical marijuana in the U.S., that doesn't mean they aren't preparing for the law to change. CEN Biotech also has a subsidiary in Michigan and Chaaban is scouting locations for a U.S. manufacturing facility. "We've set it up to have the infrastructure in place for when we do see a change in federal law, so that everything is [ready]," he says.
To date, medical marijuana use is allowed in 20 states and the District of Columbia. But while Colorado and Washington already having burgeoning retail industries, in nearly half the states where cannabis can legally be prescribed, there is no retail market -- not yet at least.
Businesses are acting cautiously. Technically, the federal government can raid and confiscate marijuana even in states where the drug has been legalized for medicinal purposes. Cohen knows this first hand. Before founding TRiQ, he ran Northstone Organics Collective in Medocino County, Cal., which in compliance with state laws, grew marijuana that supplied the collective's 1,700 members until October 2011, when federal agents unexpectedly showed up with chainsaws and rifles, destroying and confiscating all 99 plants.
Cohen's newest undertaking lies not in growing, but in helping to address some of the challenges growers face -- from bottlenecks caused by inadequate drying methods to keeping marijuana fresh on the shelf year-round to preventing mold contamination -- using technology.
MORE: Medical cannabis distributor becomes mayor of California town
Others in the industry have been working at putting an infrastructure in place to legitimize and systematize the industry. Rob Hunt, executive vice president and director of Growlife Inc., a publicly traded company in Carson, Cal. that makes and markets horticulture with a focus in cannabis, recently announced an initiative called the Gift Program, in which they will fund large-scale growth operations and technology. The company has bought a 25% stake in CEN Biotech and is also working on a distribution technology that would place kiosks into dispensaries in order to digitize and secure patient transactions.
But given marijuana's still relative newness to the legal marketplace and its federal black-market status, there's virtually no large-scale research being done on the actual physiological effects various strains of cannabis have on the body. "Picture going back a hundred years before we knew what we know about medicine now," Hunt says. "There's a lot of that still with cannabis. Most dispensary owners are really wishing they had better access to the analytical information associated with genetic mapping."
Still, progress is being made. "Watch what happens with technology in the next two to three years," Hunt says. "As legislation changes and as the marketplace becomes less restrictive, you will see smarter and smarter people enter the space."