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You know that wasn't the original statement... and you were involved in the discussion previously so you should know the answer without me giving it to you again.
Uttttt ohhhhhh... your statistics just changed... you need to get the "facts" to do the math correctly.
You haven't looked to hard... In fact you could just read this board to see that's not the only one.
New Poll: 69% of Physicians in the U.S. Believe Cannabis Has Legitimate Medical Benefits
News April 29, 2014
According to a recent WebMD survey, 69% of physicians in the U.S. believe cannabis has legitimate medical benefits, and 56% favor its legalization for medical purposes.steth
“The medical community is clearly saying they support using marijuana as a potential treatment option for any number of medical problems”, says WebMD Chief Medical Editor Michael Smith. “Regardless of past restrictions, a majority of patients and doctors see marijuana as delivering real benefits to treat patients”.
According to the survey:
69% say it can help with certain treatments and conditions.
67% say it should be a medical option for patients.
56% support making it legal nationwide.
50% of doctors in states where it is not legal say it should be legal in their states.
52% of doctors in states considering new laws say it should be legal in their states.
The poll surveyed 1,544 physicians, and has a margin of error of +/- 2.5%.
Florida Senate Approves “Charlotte’s Web” Medical Marijuana Bill
May 2, 2014 2:08 PM
TALLAHASSEE (CBSMiami) – Gov. Rick Scott is expected to sign a bill that would legalize the use of low-THC marijuana to treat epilepsy and cancer patients.
The Florida Senate passed the bill Friday after the House overwhelmingly passed it Thursday.
“I’m a parent and a grandparent. I want to make sure my children, my grandchildren, have the access to the health care they want,” said Gov. Scott.
The bill puts some restrictions on the use of the marijuana strain known as Charlotte’s Web. It can have no more than 0.8 percent THC, the chemical that makes users feel high. On average, marijuana has about 15 percent THC, according to the National Institute on Drug Abuse. The strain has normal levels of cannabidiol, or CBD, which is used to treat seizures.
Also, people would not be able to just walk into a doctor’s office and get a prescription. Only doctors have who have been providing ongoing treatment of a patient can prescribe it, and only as a last resort if other treatments aren’t effective.
The state would also maintain a registry of eligible patients. The marijuana can’t be smoked and would be converted into an oil. Only four dispensaries would be allowed in the state and they would be highly regulated.
Patients could be charged with misdemeanors for faking a disease and doctors could be charged with misdemeanors for ordering the drug for patients who don’t fit the criteria.
Seth Hyman of Weston was delighted to learn of the success of the Charlotte’s Web measure. His eight year-old daughter, Rebecca, suffers a genetic disorder that causes her to have almost constant, potentially life-threatening seizures.
“We’re very excited,” Hyman told CBS4 News on Friday. “We’re looking forward to our daughter receiving the medicine she needs to hopefully control or even eliminate her seizures.”
Support for the bill, sponsored by Republican Rep. Matt Gaetz, was questionable when it was first filed, but became overwhelming after parents of children suffering from seizures pleaded for help during committee hearings.
Still, a handful of House members raised concerns, including a lack of U.S. Food and Drug Administration approval for the drug’s use and the possibility that the bill will open the door for wider spread use of marijuana.
While Gov. Scott does support Charlotte’s Web, he intends to vote against a proposed constitutional amendment on the ballot in November that would allow patients to obtain full-fledged medical marijuana.
United for Care, the committee sponsoring the medical marijuana initiative, praised Scott for backing the Charlotte’s Web bill, but also said in a press release Thursday, “Although this is a significant step forward for our cause, the only complete and permanent solution for all those Floridians who need cannabis to relieve their symptoms from a wide range of debilitating conditions will be the approval of Amendment 2 by voters in November.”
Amendment 2 would legalize the cultivation, purchase, possession and use of marijuana to treat medical conditions when recommended by a licensed physician. The measure would also order the Florida Department of Health to register and regulate producers and distributors of medical marijuana and to issue identification cards to patients and caregivers utilizing marijuana.
Hyman said he supports passage of Amendment 2, legalizing stronger marijuana for medical purposes. His concern is the low-dose Charlotte’s Web might not be strong enough to help his daughter.
The campaign manager for Amendment 2, Ben Pollara, said on Miami Beach Friday that the Charlotte’s Web measure buoys the efforts chances.
“It’s a great thing. It’s a message from Tallahassee that marijuana is medicine,” Pollara said. “It gives us huge momentum going into November to have the voters of Florida say “yes” on Amendment 2.”
Democratic governor candidates Charlie Crist and Nan Rich support the amendment, as does Libertarian candidate Adrian Wyllie.
If the amendment passes — for which it needs 60 percent of the vote — Florida would become the 21st state plus the District of Columbia to decriminalize marijuana for medical use. Marijuana remains illegal at the federal level.
The amendment names nine specific medical conditions: cancer, glaucoma, human immunodeficiency virus infection (HIV), acquired immunodeficiency syndrome (AIDS), hepatitis C, amyotrophic lateral sclerosis (ALS), Crohn’s disease, Parkinson’s disease and multiple sclerosis. But physicians could recommend marijuana for other ailments if, after conducting an examination, they determine cannabis would help patients more than it would hurt them.
To opponents, that last clause allowing for medical marijuana in unspecified cases is a major loophole that could allow the “unfettered” prescribing of the drug.
Ok, I'm going to throw this out there for those that might remember... there was a public company that basically became their own MM, clearing etc...
I can't remember the company... it wasn't Disney even though they sold direct to the public, it was another one that we could possibly follow in their footsteps... thus gaining piggyback and be back in business with other MM's.
Does anyone remember the name of this company?
Ohhh, they're real... my own personal experience along with others that have been and posted too.
It is really nice.. clean .. more professional looking.
No its been there. .. since the new design I believe
.084 to be exact... I feel bad for who ever that was.
New 8K just filed:
8-K 1 growlife8k_4252014.htm 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report:
(Date of earliest event reported)
April 25, 2014
____________________________
GROWLIFE, INC.
(Exact name of registrant as specified in charter)
Delaware
(State or other Jurisdiction of Incorporation or Organization)
0-50385
(Commission File Number)
90-0821083
(IRS Employer Identification No.)
20301 Ventura Blvd, Suite 126
Woodland Hills, California 91364
(Address of Principal Executive Offices and zip code)
(800) 977-5255
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.
Entry into a Material Definitive Agreement.
On April 25, 2014, GrowLife, Inc. (the “Company”), a Delaware corporation, entered into four (4) separate Restricted Stock Cancellation Agreements (the “Agreements”) with several independent members of the Company’s board of directors (the “Directors”), pursuant to which the Directors agreed to each cancel 500,000 shares of the Company’s restricted common stock granted to each Director in Q1 2014 (the “Restricted Stock”). The Restricted Stock was granted as part of a quarterly independent director compensation plan instituted by resolution of the board of directors in August 2012.
Upon execution of the Agreements, all rights to or under the Restricted Stock by the Directors was terminated and said Restricted Stock was canceled and delivered back to the Company.
The foregoing description of the Agreements entered into by and between the Company and the Directors is qualified in its entirety by reference to the terms of the agreements filed as Exhibits 10.1, 10.2, 10.3 and 10.4, respectively, to this current report on Form 8-K, which are incorporated herein by reference.
Item 8.01. Other Events.
On April 30, 2014, the Company issued a press release regarding the Agreements with the Directors to cancel an aggregate of 2,000,000 shares of Restricted Stock held by the Directors.
Item 9.01. Financial Statements and Exhibits.
Exhibit No.
Description
10.1
Restricted Stock Cancellation Agreement, dated April 25, 2014, by and between the Company and Eric Shevin
10.2
Restricted Stock Cancellation Agreement, dated April 25, 2014, by and between the Company and Alan Hammer
10.3
Restricted Stock Cancellation Agreement, dated April 25, 2014, by and between the Company and Tony Ciabattoni
10.4
Restricted Stock Cancellation Agreement, dated April 25, 2014, by and between the Company and Jeff Giarraputo
99.1
Press Release issued by GrowLife, Inc. on April 30, 2014
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GrowLife, Inc.
Date: April 30, 2014
By:
/s/ Sterling C. Scott
Sterling C. Scott
Chief Executive Officer
No, Hammer is NOT selling off shares.....When all else fails, read the fine print.
Of what? Elaborate !!
Anyone care to explain the latest Form 4 filings?
Thank you, I did and I have been told that before ~
I know someone else with Scottrade... I'll try to see what I can find out for you.
Did you put in a limit or market order? Could have something to do with it... give them a call.
Can you please just expand on this statement a little?
What crimes specifically?
Two 50,000 trades are coming through @ .20
I have always said that Sterling's timing has been amazing with PR's...... just when you think you know what he's going to say or do, he exceeds all of our expectations!!!
Very proud of Sterling, Kurt, and all the rest of guys.
I never will.... well, never say never.. but for now, I'm freakin' Psyched!!!!
Not necessarily... PHOT will probably still go to the Greys for now.
Who knows what Monday will bring.
But come on... you've gotta LOVE these guys!!!
Didn't I tell y'all about the "Rabbit" in their hat??
GrowLife's CEO Reinforces Company's Business Strength, Growth Potential and Commitment to Transparency
Print
Growlife Inc. (USOTC:PHOT)
Intraday Stock Chart
Today : Thursday 24 April 2014
Click Here for more Growlife Inc. Charts.
WOODLAND HILLS, Calif., April 24, 2014 /PRNewswire/ -- GrowLife, Inc. (PHOT), the recognized leader in specialty hydroponics and an essential facilitator of the grower marketplace, has posted an open letter to shareholders from its Chairman and CEO, Sterling C. Scott.
Dear Shareholders,
As GrowLife prepares to resume trading, I would like to personally reinforce the company's strength, growth potential and commitment to transparency. Below, you will find candid responses to key questions regarding the SEC's decision to temporarily halt, and now support the resumption, of trading of GrowLife's stock.
What can the Company report involving the temporary suspension in trading in shares of GrowLife imposed by the SEC?
GrowLife understands that trading in GrowLife securities will resume during market hours on Friday, April 25, 2014. The SEC has informed GrowLife through counsel that it is not the subject of an informal or formal investigation. The SEC has not requested any documents from the company or its Board. Nor have they issued GrowLife any subpoenas or broad requests for information.
It appears, from counsel's discussions with the SEC's staff, that the SEC suspension was prompted by concerns that some 3rd party holder(s) of GrowLife stock may have been planning to engage in some form of manipulative promotional activity. GrowLife does not have any more specific information regarding this matter. On behalf of GrowLife, I can confirm that GrowLife was not involved in the planning of any potentially manipulative promotional activity nor does it have any knowledge of any planned 3rd party promotional activity of any kind or type, proper or improper.
GrowLife has conveyed to the SEC its willingness to make management available to the SEC to answer questions. In response, we were informed that no meeting or additional information from the Company was required at this time. SEC staff reiterated that there was no formal or informal investigation of GrowLife in process.
What is going on at GrowLife?
We have conducted our own internal review of policies and procedures to ensure we are in full compliance, and have positioned the company for future growth.
The Board of Directors of GrowLife has been actively working with management to establish even higher levels of oversight and checks/balances in place throughout the Company. This process began back in late 2013 and early 2014 with the formation of a majority of independent members to the Board of Directors, including our welcome of outside directors Anthony Ciabattoni, Jeff Giarraputo and Alan Hammer to the Board, and the planning of committees on the Board of Directors to actively focus on Audit and Compliance, Compensation, and Mergers & Acquisitions. These are time-intensive processes that are essential to the sustainable teamwork and leadership that is characteristic of all of the strongest and most capable companies worldwide.
We have been actively developing a GrowLife 2.0 business model and go-forward strategy to propel the company, and the industry, forward. Details will be announced next week. We invite our shareholders to follow closely as GrowLife 2.0 is deployed in what we believe will be the first large scale blending of experienced world class management and the legal cannabis market in the U.S.
Our corporate team has responded to thousands of investor inquiries by phone and email arising from the trading halt since April 10th. GrowLife could not have anticipated the enormous volume of incoming calls and emails. We appreciate the patience and understanding that many shareholders exhibited to our team. We expect that call volume will increase even further as trading resumes tomorrow. We have responded with a hotline for investors by phone at (866) 632-3111 and by email at shareholderssupport@growlifeinc.com.
Our accounting team, led by CFO John Genesi, has been actively engaged in preparation of GrowLife's quarterly report for filing with the SEC and announcement to shareholders timely on or before May 15, 2014.
In summary, GrowLife has sharpened its focus on boosting business operations and developing a strong go-forward plan, while working to understand the concerns of the SEC, and responding with candor and integrity to more than a thousand shareholder inquiries. All GrowLife stores remain open for business. Our retail managers and employees have continued actively working toward another record quarter for sales in our business.
Does GrowLife believe that it can continue to prosper and grow the Company for the benefit of shareholders?
We believe intensely in a positive future for GrowLife and our industry. Extraordinary opportunities do not, however, come without risk.
GrowLife management continues to believe that the legal cannabis market in the United States is going mainstream. We are dedicated to continuing to lead the industry with the strongest management team and a business model that we expect to be validated and improved over and over in the years to come. Adversity only makes us smarter and stronger, more committed to realizing the extraordinary opportunity that our investors have allowed us to lead. We will continue to manage and navigate those risks with integrity and transparency to the very best of our ability.
Respectfully yours,
Sterling C. Scott
Chairman and CEO
About GrowLife, Inc. GrowLife, Inc. (PHOT) (www.growlifeinc.com) is the recognized leader in specialty hydroponics and an essential facilitator of the grower marketplace, through our nationwide retail network, as well as online sites Greners.com, Phototron.com and StealthGrow.com.
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for GrowLife's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in GrowLife's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting GrowLife, Inc. please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. GrowLife, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Shareholder Support Hotline:
(866)632-3111
shareholdersupport@growlifeinc.com
Investor Relations Contact:
Integrity Media
(702) 396-1000
kurt@integrityir.com
SOURCE GrowLife, Inc.
Copyright 2014 PR Newswire
Well, don't know if this helps or not but I just checked Pacer again and there's nothing out there on Growlife
Client:
Search: All Court Types Party Search
Name Growlife
All Courts Page: 1
No records found
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I've been wondering the same thing. The dates are a little suspect.
I think they meant to say... "Insert Conspiracy Theory Here"
I watched it.. I even watched the entire 2 hours and 59 minutes of the freakin' movie.
Doesn't change the problem of YOU putting in my mind the word "Sponge" and associating it with Leonardo.
I LOVE Sponge Bob too.. but don't even get me started as a single woman on my definition of B.O.B. ~
Leonardo can sponge me ANY time he wants !!!!
He's going to look like LEONARDO??? OMG, this is FANTASTIC news!!! Especially with the recent revelation of his relationship with his wife....
Little known fact... do you know where Jordan Belfort got the idea to sit down and write his memoirs?? Ultimately becoming the movie "Wolf of Wall Street"... None other than Tommy Chong.. believe it or not, they were cell mates.
http://www.businessinsider.com/jordan-belforts-prison-bunkmate-was-tommy-chong-2014-2
You guys are absolutely AMAZING to me with all your theories.
Nobody knows squat right now.
I'm sure the company and management aren't in hiding and the letter/PR from Monday just proves it.. what was said, like it or not, did address the situation and some questions of concern.... to me, that speaks volumes.
The company did not have to respond to anything... but they did.
We still have a little over a week left and y'all know full well dealing with something of this nature is going to take time to find out anything.. IF in fact there is something that will be revealed.
Seriously guys.....look at some of these post and how crazy they sound....TRY to think rationally for a moment.
Geeeez, what's next??? ... Could this whole problem somehow stem from Area 51?
People GET A GRIP !!!!!
A little to late or just more proof they didn't know what was about to hit them and the rest of us?
I disagree and if you do a little DD into SEC suspensions you may just change your mind.
Exactly... We are NOT talking about a lot of money... I think it is simply a case of providing to much information which erred on the side of caution.
Unfortunately, those that do not understand this look at all of those form 4's and freak out... rightfully so... but if they would just take the time and do the math.... well, you get the idea.
Obviously NOT, that was the first word used in what was quoted from you.
I'm just asking for a little more clarification.
You know how to tell which "Cockroach" is the cowboy when you turn on the lights???
He's the "One the Range"
LMAO ~ sorry, I couldn't resist... sometimes a little humor helps during these times.
I understand your point, but if they did know wouldn't there have been A LOT more sold??
Does anyone know if the Form 4's that were filed by Hunt had to be done listing each trade and with so many of them being filed or could it have been simplified? I'm specifically referring to it listing each and every freakin' trade... 15 shares, 20 shares.
Couldn't he have added the total shares that sold for the same amount together? GOOD GRIEF, did he not know that he could have added a continuing page(s) and only filed one form 4 for each date?
I don't think it's the total amount of shares that he sold that is so overwhelming as the number of form 4's that were filed making it look even worse than it really is.
And I'm not saying this has anything to do with our current situation I'm just wondering if it were really necessary to file so many forms.
Well, like they said, they are conducting business as usual.
Here's the latest 8K just filed today.
http://edgar.sec.gov/Archives/edgar/data/1161582/000107997414000286/growlife8k_4152014.htm
I'm not sure where that new date of April 29th came from. ... The suspension ends on April 24th at 11:59 pm.
http://www.sec.gov/litigation/suspensions/2014/34-71924.pdf
Why?
He was legitimately entitled to sell them. If I'm wrong, please let me know.