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LMAO!!!! So true. What a joke this thing is. Travis told me that “ultimately, news about the spin off distribution comes from my boss but I’ll pass it on as soon as he releases news.” So glad I’m not holding my breath.
Not even the same store. I matched the address with the one they released and went to that one. The front door is on the corner of the building, so unless this was the opening in Austin which is only 3 hours from Little Elm, can’t possibly mix those up, he’s full of it.
That’s why warrants are high risk high reward but again, I’d rather they sell to shareholders then a predatory lender.
Totally agree, I’d rather reap the benefits and I think the company sees the benefits as well. I wonder how long it will take with the SEC, I’d like to know details. This is a little teaser.
It’s a real business with real products, I just bought their EveRx water at a local Specs. That doesn’t mean they are honest. I wrote Travis and told him I would be at the opening in Little Elm to which he replied he would love to meet me. Well, I went and didn’t see their presence, no “Grand Opening” celebration for the store and when I asked the clerk if the company was scheduled to be there, he looked at me like I just asked him a trigonometry question. I wrote Travis saying I was disappointed they stated they would be there and then had no presence. This slimeball has the nerve to write back and tell me he was there ALL DAY!!! Flat out lies. Anyway, that was all I needed to tell me what I need to know and I’m liquidating my small position here. GLTA who stay and navigate these waters.
Scott’s already purchased Sunlight Supply for $450 million. In time, Growlife will purchase Scots. Be patient, this is a game changer.
Went to the Specs in Little Elm today, no presence at the store other than having their water, which I bought. The employee working there wasn’t aware of the company being here today but did say when they do stuff like that, it’s usually between 2-5pm and I was there close to noon. Water is pretty good, has a slight flavor, but it’s pretty good.
Been stacking for last 15 years, might need another safe. Lol! As I said, diversify. Pot is not my only investment,though this company will eventually be involved in more than just weed. If they can grow 70 plants in the space a traditional grower can do 15, imagine the implications for supplying food for our ever growing world. This reduces the strain on supply and if they own the intellectual property....MY FRIENDS!!!! That $0.25 share price, well, let’s just say you’re gonna have to move that decimal quite a few places.
GLTA
$PHOT
I’m just a regular working stiff with a family to support as well. I don’t have thousands to throw around either but one of the best pieces of advice I’ve received ( besides diversify your portfolio ) is to find a company you believe in and invest. I believe in this company and more importantly, Marco. Maybe I’m wrong and I lose my money. But if I’m right, oh boy, no better feeling than believing in something and being proven correct.
This company has the potential to change the world and help solve many problems this world faces. Will they achieve it? Who knows, time will.
You forgot to include taxes.
So, should we be receiving news soon of the divi?
Lol
It’s a no bid stock with a stop sign. An update ain’t moving this.
Ive been saying this for a while and couldn’t agree more. People are concerned with debt but it’s a drop in the bucket compared to the possibilities this company has to capitalize. Marco has posted videos and articles about this very topic and I believe he’s going for all the marbles. My personal thoughts are those that take the long view and hold this, are getting in on the ground floor of a revolutionary company.
GLTA
$PHOT
Another solid interview from Marco.
Growlife CEO Marco Hegyi on marijuana stocks and why you should grow cannabis vertically
By Brandon A. Dorfman
AUG 28, 2018
Before the recent uptick, the marijuana stock market ran quite cold over the first half of 2018, the result of a mixed bag of circumstance. Investors blamed everything from a market correction to US Attorney General Jeff Sessions’ rescinding of the Cole Memo to the summer doldrums on the sector’s downturn, with most experts hopelessly agreeing on all of the above, plus more. The “green rush” was more a metaphor for investor’s complexions than it was a reference to the size of their portfolios.
“Most of these young cannabis-related stocks are small, and they’re hard to trade in because they don’t have the liquidity,” Marco Hegyi, CEO and President of Growlife Inc. (OTCMKTS:PHOT) told PotNetwork in early August. “They don’t have the volume or the base of shareholders. So you’re lucky to see them if they have, maybe, a couple thousand shareholders or if they trade a few thousand shares.”
Hegyi presented his thoughts on the marijuana stock market at the World Medical Cannabis Conference & Expo, recently held in Pittsburgh, with a presentation entitled “Investing in Publicly Traded Cannabis Companies.” A 30-year veteran of the software industry drafted into cannabis; this now marks the second sector he’s helped build from the ground up.
“Growlife has this unique advantage,” Hegyi continued. “When I was talking to the investors a couple months ago, they were upset. Oh, you have 3 billion shares, what are you going to do, and all that.” Though the company had a rocky start to the year, share prices have increased exponentially over the past 12 months.
He then revealed Growlife’s advantage in the market. “But we have 100,000 shareholders. Their jaws dropped. We trade about 20 million shares a day. Investors can get into [Growlife], ride it out, hopefully, they stay long but if they want to get out, they have an exit path. There’s not this lockup where, if you go into a small company that has limited trading, it takes a while to get out —and sometimes you can’t get out —it’s very difficult, and it’s mostly controlled by a handful of high-percentage owners.”
In the new era of legal cannabis where institutional investors dominate the headlines, Growlife remains competitive because of the value they offer to everyone. “This company is controlled by its shareholders,” said Hegyi.
Marco Hegyi, CEO Growlife Inc.
“This is a traditional commodity business.”
Growlife is a picks and shovels play born out of the necessity of the cannabis industry. An ancillary company that doesn’t touch the plant, they offer all of the necessary supplies and equipment for growers, about 15,000 in total according to Hegyi. They sell their products online, through retail stores, and through a direct sales force both in the US and now in Canada.
Approached by the company nearly five years ago, Growlife pegged Hegyi to boost acquisitions and integrate them. By the numbers, their most recent financials tell a very convincing story of his tenure. In Q2 2018 the company saw a 131.7 percent increase in revenue over the same quarter the previous year; for the six-month period ending June 30, they experienced revenue growth over 90 percent year-over-year, with a gross profit increase of 71 percent.
The reason behind their success, according to Hegyi, is continuity of team. “Our management has been around roughly five years on average,” he said. “We’ve learned from things in the past.”
Besides what Hegyi considers to be a phenomenal team, along with stellar marketing, Growlife’s success lies in proprietary-branded products with high margins. In other words, the fundamentals.
“This is a traditional commodity business,” Hegyi told PotNetwork, breaking down some of the mystique of the cannabis industry that plagues so many other companies. “We acquired, for example, FreeFit, which is a flooring company. The margins are phenomenal. They’re roughly about 40 percent; 50 percent. In the commodity business, when you sell hydroponic equipment, you’re lucky to make maybe 15 percent.”
According to Hegyi, Growlife is tripling their margins with FreeFit. By his numbers, about 20 percent of their revenue last quarter came just from that. And then their e-commerce business grew by over 300 percent [to which he credits Lauren Schmitt, Vice President of E-Commerce and Consumer Division]. Canada, in his words, is starting to click.
“I’d say we’re at the beginning of high margins, high growth for the company,” said Hegyi.
“And every penny counts.”
What excites Marco Hegyi these days, however, isn’t marijuana stocks or talk of margins, it’s Growlife’s new Vertical Grow System. Test results for the new system show it may create a 76 percent per-plant kilowatt reduction —numbers that have generated a lot of buzz. Though the term is tossed around casually these days, for growers out West falling victim to price drops, the Growlife Vertical System could indeed be a game-changer.
According to Hegyi, when exploring ways to bring down costs, Growlife realized that equipment and supplies only accounted for around 20 percent of total operations for their customers. The real trifecta they hit upon, the one that could save their customers money, was electricity, infrastructure, and labor.
The problem, according to Hegyi, was to keep down costs without risking quality and causing massive layoffs.
“What we ended up doing is, we went vertical,” Hegyi said, describing the new system. “Instead of five to 15 plants, you can do 70 plants in the same eight-by-eight square foot space because now you’re doing it vertically.”
He continued: “We started building our own lights. We just cleared the deck and said, ‘Okay, let’s do this in an eight-by-eight-by-eight cubic room, so we don’t waste any of the air, any of the power, just keep the cooling down without wasting a lot of electricity for air conditioning, humidity and all of these things.’ It turns out that, even though we were just doing simple eight-by-eight, that’s what the customers were excited about. They said, ‘Oh, this is so modular.’ We’re containing the risk so that, instead of doing one big room, if you have a failure in a crop you don’t have to wipe out the whole crop, you’re not talking about wiping out 500 plants, you can deal with 70 plants and use, what is that, genetic drift management.”
Growlife hopes to help growers save money, and bring the cost per gram of production down to about 35 to 50 cents per gram, a huge saving over the current $1.50 to $2.00 per gram they’re now paying. According to Hegyi, it means all the difference in the world to these growers.
“When it was wholesale, 10 bucks, who cared whether it costs $2 or $3, but now it sells for $2 to $3 wholesale, and every penny counts,” he said.
Growlife's Vertical Grow System
“It’s better to just focus in on solid fundamentals.”
Things weren’t always so bright for Growlife, however, and to his credit, Marco Hegyi doesn’t shy away from the past. When discussing the recent volatility deflating marijuana stocks on both sides of the North American border, he recalled the trials his company experienced nearly half-a-decade ago. Part lesson, part ghost, it reminds Hegyi to keep Growlife on solid footing.
In 2014 the company, in his words, had a trailing 12 revenue around $4.5 million with a market cap over $500 million. Growlife was at 120 times their revenue. “We had no business in that neighborhood. Our share price went from 8 cents to 78 cents in about four months.”
The SEC “clamped” down, putting a 10-day halt on trading; a death-knell for most companies. It took Growlife 22 months to come back. Today, Hegyi focuses on the fundamentals.
“How do you justify your value,” asked Hegyi, rhetorically. “Do you have the revenues behind you? Some of these [cannabis] companies have very small revenues, and their multiples are so high. Now, you may think some of these investors know what’s going on, so people piggy-back on that. But that’s dangerous because if you’re in a stock and a stock climbs, most of the time you want to get out to make your gain and the people who get in suffer from the deflation.”
It’s solid advice in an age of billion-dollar companies that haven’t sold a bud. The cannabis stock market, like the industry itself, is fraught with assumptions —expectations of millions to be had even as states like California continue to struggle to compete with a revitalized black market.
“Canada is hyper-inflated, and we’re going to see something happen,” said Hegyi. “I mean, some of those companies have $5, $6, $7 billion market caps and their revenues are not that high.”
“It’s better to just focus in on solid fundamentals. We do it through acquisition,” he continued.
“This is a way to help our customers.”
As an outsider now on the inside of one of the fastest-growing industries of the new century, Marco Hegyi has a unique perspective on cannabis. He sees the cannabis industry as more than one business. To him, it’s a formation of about 100 or more different businesses, including transportation, finance, software, and more.
Broken down further, businesses mean jobs, and jobs mean people. “To treat people like they’re criminals who are actually trying to make a living and playing by the law and the rules, I think, is a shame,” Hegyi told PotNetwork.
That concern for people infects everything that he does in this industry. Putting aside his responsibility as a CEO and to his shareholders, Hegyi broke down Growlife’s new Vertical Grow System as something that can, sincerely, help the people.
“This is a way to help our customers — and these customers are really compliant growers, and so they’re really solid citizens,” said Hegyi. “I can’t stress that enough because I get so much noise about how these guys are just stoners, and they’re really lazy, and they don’t really comply. It’s just the opposite.”
He continued: “These people take money from friends and family, they follow every word of the law when it comes to how to run an operation and they’re just, to me, they’re rock stars. And all of a sudden, with the pricing going down, they’re being forced to either go out of business or consider alternatives. And we don’t talk about the alternatives, but there are alternatives to selling through the legal channels.”
“To see these tremendous people being treated, just, so improperly —I hope that a national federal champion does come out, and can help support [cannabis] and eventually make it legal nationwide,” added Hegyi.
If Marco says he wants to list in foreign exchanges, bank on it. This man does what he says.
$PHOT LOOOOOOOOOOOOONG!!!!!
MH provided a video update about Growlife on Growlife Facebook page.
So this thing went from “next week” to “next month?” LMAO! He took everyone’s money and split.
Great volume so far, let’s keep it going!
$PHOT!!!!
If they do in fact have a deal with Specs, which I will verify in Little Elm this weekend, they could very easily get involved with something like this which could be huge. We will see.
Pot stocks rampage amid expectations of more big deals with traditional companiesBY MAX A. CHERNEY | MARKETWATCH - 4:59 PM ET
Report says Smirnoff maker is looking for pot partner, after $4 billion investment in Canopy by booze giant Constellation
Marijuana stocks were on a rampage Friday, after a report that Smirnoff and Johnnie Walker maker Diageo PLC (DEO) is in talks with at least three Canadian pot companies with the intent to purchase a stake or initiate a collaboration in one of them, part of a wave of large traditional companies looking to partner with cannabis companies.
Cronos Group Inc. (CRON) closed up 16%, Tilray Inc. (TLRY)stock gained 15%, and Canopy Growth Corp. (CGC) stock surged 8.3% as the S&P 500 index added 0.6%. Canadian pot stocks like Aurora Cannabis Inc. (ACBFF) also received a substantial lift in Friday trading.
The potential to strike a deal with an international beverage conglomerate or pharmaceutical company is something of a Holy Grail for Canadian pot makers, the vast majority of which are exploring investment or other partnerships of a similar sort, according to a source familiar with the Canadian cannabis industry. A long sought-after goal, the potential deal with Diageo (DEO) reported (https://www.bnnbloomberg.ca/u-k-alcohol-giant-diageo-circling-canada-for- cannabis-deals-1.1128030#_gus&_gucid=&_gup=twitter&_gsc=m3uOd1a) by BNN Bloomberg citing two anonymous sources, comes amid the $4 billion investment booze giant Constellation Brands Inc. made in Canadian pot-maker Canopy (http:// www.marketwatch.com/story/cannabis-company-canopy-growths-stock-soars-28-as-corona-brewer-increases-stake-2018-08-15).
Canopy's deal with Constellation, the first of its size in Canada, has made real for many the possibility that multinational companies looking to strike deals with weed companies are willing to invest billions to stay ahead of competitors.
"If you're the CEO of an alcohol and beverage company, and if you go a shareholders meeting or a staff meeting, I guarantee the first question you get is going to be: 'What is our cannabis strategy?'" Canopy Chief Executive Bruce Linton said in a telephone interview. "I think the world has changed dramatically and it's changed because of Constellation and Canopy."
Other big beverage companies such as Molson Coors Brewing Co. (TAP) have also signaled their interest in the cannabis industry as beer sales drop. In August, Molson said it was forming a joint venture with The Hydropothecary Corp. (HEXO.T) to develop nonalcoholic cannabis-infused beverages (https://www.wsj.com/articles/molson-coors-turns-to- marijuana-as-beer-sales-drop-1533132829) for the Canadian market.
Legal adult recreational use of cannabis is set to go into effect in Canada in October. It remains illegal under U.S. federal law, though a number of states including California, Colorado and Washington have legalized the drug.
Tilray (TLRY) declined to comment. Aurora and Cronos did not immediately return a request for comment.
-Max A. Cherney; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires 08-26-18 1659ET Copyright (c) 2018 Dow Jones & Company, Inc. Copyright © 2018 Dow Jones & Company, Inc. All Rights Reserved
Yeah, ok. You can take a myopic view or you can look at the big picture, choice is yours.
It’s friday and people are selling for beer money. I’ll wait to buy the whole damn brewery.
$PHOT!!!!
Now we know why it’s been on the rise the last two days.
They talked about this a long time ago, thought it was a dead deal. Glad to see growth. Long $PHOT
True, but we should be careful about cheering sessions out. Scott Pruitt was going to be his replacement and he is worse than Sessions. Doesn’t look like it’s going to be Pruitt now, but could the replacement be worse than Sessions? It’s possible.
Then what’s the reason, besides this being WAY oversold? Company hasn’t released anything new. Don’t get me wrong, I’m loving this, just wondering what’s moving it as today it opened down, presumably a pullback from yesterday’s close but it turned around and is heading north.whatever the reason, I’m loving it!
Is this why we’ve seen a little bump the last two days?
https://www.google.com/amp/s/www.yahoo.com/amphtml/finance/news/senator-warren-weed-legalization-federal-government-just-back-off-191406405.html
It’s the flippers, just ask them, they’ll tell you THEY are the only ones who can move this. LOL
Guess I’ll be heading over to Little Elm for the opening.
Dallas, TX – Aug 17, 2018 – Puration, Inc. (USOTC: PURA) today announced it will be giving out free samples its EVERx CBD Infused Sports Water at the Grand Opening of SPEC’s Wines Spirits & Finer Foods newest store in Little Elm, Texas (27100 HWY 380 Denton, TX 75068).
Founded in 1962 by Carroll “Spec” and Carolynn Jackson, SPEC’s today operates 170 retail locations. In addition to selling spirits, wine and beer, SPEC’s stores include deli and specialty groceries. SPEC’s is a well know brand name in Texas and continuing to expand its reach to new locations.
Puration introduced EVERx CBD Infused Sports Water last year, in 2017 at Arnold Schwarzenegger's Arnold Sports Festival. EVERx has since become the leading CBD infused beverage in the sports and fitness marketplace. EVERx CBD Infused Sports Water has a clean and refreshing taste that comes with 10mg of CBD per 500ml bottle and an optimal alkaline pH level formulated with antioxidants and electrolytes The EVERx formula is backed by two patents. In addition to the clean and refreshing taste of EVERx natural water, EVERx is available in lemon-lime and strawberry-kiwi flavors.
Corona Beer Parent Constellation Brands Invests $200 Million In Cannabis Beverages
Market research firm Technavio predicts that the cannabis-infused food and beverage products market will register a CAGR of more than 25% from 2018 to 2022. Research firm Cowen & Co. reports U.S. legal cannabis industry sales growth is on track to surpass soda sales by 2030. Global alcohol giant Constellation Brands (Corona Beer, among others) purchased a 9.9% stake in Canada's largest licensed producer, Canopy Growth, for 245 million Canadian dollars (US$190 million), plus options to raise its stake to just under 20%. Puration management is preparing the company for the cannabis infused food and beverage market boom.
Puration has recently announced a corporate reorganization plan to consolidated and concentrate its cannabis beverage operations. The reorganization plan includes the issuance of a dividend to Puration shareholders. Learn more about the reorganization plan in recent press release dedicated to detailing the reorganization plan.
For more information on SPEC’s, visit https://specsonline.com/
For more information on EVERx, visit https://www.aciconglomerated.com/pura
For more information on Puration, visit http://www.aciconglomerated.com.
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350
Interesting that Marco almost left but decided to stay after he had an independent CFO scrub the company. It was clean so he stayed, and I am very glad he did. Good things take time and I’m enjoying the fact that they’re developing an app to control all aspects of a grow, with notifications when the plant is in need of any particular item. Marco posted a video about this very thing a while back and I’m glad to see he’s followed through with it and no doubt with his background, it will be top notch.
The future is bright PHOTHEADS!!!
"GrowLife has been a nationwide company since the start and has been able to see the trends of competition, and subsequently the needs of our customers, before they even do." https://t.co/YqdQHamTQb
— GrowLife Inc (@growlife) August 9, 2018
Has this POS ticker been halted yet???
Someone seems to be selling today. No matter, just means I’ll be able to get some cheapies before the run comes. I’ve got different entry points I’m looking for and if they hit, I’ll buy. Can’t get enough PHOT!!!
Owning the rights to this tech could be massive if they get cost per gram down to .30, they could wipe out their entire debt just by leasing the technology to other equipment providers. Very similar to how TiVo leases their DVR technology to all television providers. If they pull this off, get ready for a
damn good ride.
$PHOT
Ok, so when does the USMJ transaction close?
They still only have the one store up north? Interesting to see as when Marco took over, he shut down the brick and mortar stores as all they did was hemmorage money. Now, they are opening more storefronts. Wonder what has changed.
Is there supposed to be news out today?