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As per Hegyi on Twitter”Authorized shares go to 120 million, down from 6 billion. It’s in today’s R/S 8-k filing”
I think it’s perfect timing. I understand what happens in the short term to share price but long term, if the company continues to execute then its necessary. As it stands there are way too many shares but in the short term as it was said before, good luck to us all. Long $PHOT
Looking forward to reporting quarterly results this week #growlife... Marco Hegyi on Twitter
It’s possible..
Seems natural that they segue into MJ with their cloning...$PHOT
Hegyi on Twitter... “Second quarter financials out; First-half of this year almost matched ALL of last year’s revenues”: sec.gov/Archives/edgar…$PHOT
$PHOT may get a boost from this..
On Thursday, CA lawmakers will consider a bill that would allow marijuana businesses to get banking services from state-chartered banks & credit unions.
https://www.cnbc.com/2019/05/14/ca-lawmakers-considering-bill-to-create-state-chartered-cannabis-banks.html
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GrowLife, Inc.
Company Profile on Investor Network
Companies Mentioned:
Primary Exchange: OTC PINK
Under the Symbol: PHOT
GrowLife, Inc. to Present at the Planet MicroCap Showcase 2019 on May 1 in Las Vegas, NV
Wednesday, May 1, 2019 2:35 PM
Leading hydroponic equipment supplier to discuss latest cultivation technology at the premier microcap finance event May 1, 2019
KIRKLAND, WA / ACCESSWIRE / May 1, 2019 / GrowLife, Inc. (OTC PINK: PHOT) (''GrowLife'' or the ''Company''), one of the nation's most recognized indoor cultivation product and service providers, will present at the Planet MicroCap Showcase at on Wednesday, May 1, 2019 and will conduct 1on1 meetings on May 2, 2019.
GrowLife will be presenting during the Microcap Company Presentations II session to demonstrate the Company's strategic plan for the future and how the company is helping fill the large demand for cannabis and hemp-based products, an industry that is expected to reach $16 billion by 2025. GrowLife will also discuss its EZ-CLONE Pro commercial propagation solution, manufactured by recently majority acquired asset EZ-CLONE Enterprises, Inc. (EZ-CLONE). EZ-CLONE is a renowned commercial cannabis cultivation equipment supplier that GrowLife acquired a majority share of in October 2018.
''The opportunity for GrowLife to present at this premier event demonstrates the growth of the Company and further proves the interest from peers and investors who are eager to learn about our continuously growing microcap company,'' said GrowLife CEO Marco Hegyi. ''With an abundance of industry leaders, C-level executives and investors under one roof, we feel confident our participation in this event will bring great opportunities to the Company and help educate others about the opportunities in the cannabis space.''
The showcase will take place April 30 through May 2, 2019, at Bally's Las Vegas Hotel and Casino. The event is designed to bring together companies and top dealers in microcap finance.
''At this exclusive event we look forward to discussing how much GrowLife has accomplished and where our vision for the Company is taking us,'' said GrowLife CFO Mark Scott. ''We will have the opportunity to demonstrate the Company's value proposition to an audience of important and respected individuals who are interested in microcaps and have the potential to introduce new ventures for the Company.''
A microcap is a publicly traded company in the United States that has a market capitalization between $50 million and $300 million and have greater market capitalization than nano caps.
To arrange one-on-one meetings with GrowLife executives at Planet MicroCap Showcase 2019, please contact growlife@cmwmedia.com.
For more information about GrowLife, including the CEO's most recent video statement, visit the company's website. Products can be purchased at ShopGrowLife.com in the U.S. and GrowLifeHydro.ca in Canada.
The conference will be held April 30 - May 2, 2019 at Bally's Hotel & Casino in Las Vegas, NV - 3645 S Las Vegas Blvd., Las Vegas, NV 89109. For those interested in attending and meeting with management, you can register to attend here: https://planetmicrocapshowcase.com/signup
If you have any questions about the Planet MicroCap Showcase, please contact Robert Kraft at rkraft@snnwire.com (424) 227-9018, or visit www.planetmicrocapshowcase.com for more information.
About GrowLife, Inc.
GrowLife, Inc. (PHOT) aims to become the nation's largest cultivation service provider for cultivating organics, herbs and greens and plant-based medicines. Our mission is to help make our customers successful. Through a network of local representatives covering the United States and Canada, regional centers and its e-Commerce team, GrowLife provides essential goods and services including media, industry-leading hydroponics and soil, plant nutrients, and thousands more products to specialty grow operations. GrowLife is headquartered in Kirkland, Washington and was founded in 2012.
About Planet MicroCap Showcase
Planet MicroCap Showcase brings together promising companies with well-known and influential microcap investors, fund managers and newsletter writers for three days of company presentations, one-on-one meetings, and networking in the nation's #1 destination for meetings and entertainment.
If you would like to attend the Planet MicroCap Showcase, please register here: https://planetmicrocapshowcase.com/signup
Public Relations Contact:
CMW Media
Cassandra Dowell, 858-264-6600
cassandra@cmwmedia.com
www.cmwmedia.com
Investor Relations Contact:
investors@growlifeinc.com
206-483-0059
SOURCE: GrowLife, Inc.
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Thanks for the laughs long $PHOT
Grow life 2018, 2019 should bring more growth $PHOT
That was Hegyi on Twitter long $PHOT
Growlife Update: Yesterday we traded 131M+ shares & closed at $0.018, up 20% after Monday's 46% lift. We touched $0.02 yesterday & had a $0.023 high today. Nice change from Friday's $0.01. Today profit-taking took 10% to $0.016 on 63M shares. Thx $PHOT Longs! #bestshareholders
Ab$olutely amazing long $PHOT
Great day!!!
Happen to come across this informative article, thought it might help those who need it.
https://cabotwealth.com/daily/how-to-invest/reverse-stock-splits-shareholders/
I’ve made my money on this one over and over through the years.. there have been many opportunities and will be many more in my opinion. After all it’s still a penny stock and you have to take them when you can. Sometimes it’s the only way to win...II agree with you about Marco that’s why I’m still long.. This company will go through its “growing pains” yes that’s why I’m not betting the mortgage and that’s why I’m not mad..Best of luck to you..long $PHOT
Not .0135, 13... was wishing but still good
Not a bad flip .0111-0135... still holding on to my core.. no guts no glory.. long $PHOT
GrowLife Announces Rights Offering to Shareholders for Investment Opportunity for Marketing, Sales and Technology Expansion
Leading Hydroponics Supplier Specializing in the Cannabis Industry Shares Rights Offering Filing Information including Summary of Terms
September 19, 2018 09:00 AM Eastern Daylight Time
KIRKLAND, Wash.--(BUSINESS WIRE)--GrowLife, Inc. (OTCQB: PHOT), one of the nation’s most recognized indoor cultivation product and service providers, today announced details of its proposed Rights Offering that would allow the company’s shareholders to acquire additional shares of common stock (the “Offering”). The Offering is designed to give record shareholders the opportunity to invest directly into PHOT at a set price with additional warrants to support the company’s capital raise to be used for continued expansion.
“We have some of the most committed and passionate shareholders in our industry, and we are excited to offer them the ability to directly invest in GrowLife in a manner similar to large-scale investors,” said GrowLife CEO Marco Hegyi. “We have experienced tremendous growth and expansion over the last year. New markets are emerging almost daily and to remain competitive and continue to capture market share, we needed to continue to innovate our product offering while expanding our footprint across North America.
“This Offering is intended to not only reward our long-time shareholders, but to generate the additional capital needed to complete our vertical grow system development and go-to-market programs with sales and marketing, acquisitions, and resources necessary to expand the company thereby capitalizing on the momentum our industry and company are experiencing. Our new systems, which are testing well are entering our second and third phases including AI software development, are designed to reduce the costs associated with large-scale cannabis production and we hope will create a significant new revenue stream for the company,” added Hegyi.
SUMMARY OF THE TERMS OF THE OFFERING
Each shareholder will receive one non-transferable right (the “Right”) for each share of common stock held on the record date (October 12, 2018).
Each Right will include one share of Common Stock and two one-half warrants at a subscription price of $0.012. The purchase price will be payable in cash to the company.
The warrants included in each Right will be exercisable for one-half of the number of rights for one share of our Common Stock at an exercise price of $0.018 per share and one-half warrant exercisable for one share of our Common Stock at an exercise price of $0.024. For example: if you subscribe for 100 Units you will receive 100 common stock shares and 100 warrants divided into 50 warrants exercisable at $0.018 and 50 warrants exercisable at $0.024).
Record date shareholders who fully exercise their Subscription Rights will be eligible for an over-subscription privilege entitling these shareholders to subscribe, subject to certain limitations and a pro-rata allotment, for any additional shares of common stock not purchased pursuant to the Subscription.
The Offering expires at 6:00 PM Eastern Time on November 12, 2018, unless extended.
The company expects to mail subscription certificates evidencing the Rights and a copy of the prospectus for the Offering to record date shareholders beginning on September 18, 2018. Financial Advisors will likely send notices to you shortly thereafter.
Growlife tweet.,Proud to the announce the asset purchase of Go Green in Southern California. This gives GrowLife the beachhead for filament and outbound sales on the West Coast. More information to come. In the meantime see today’s SEC filing sec.gov/Archives/edgar…long $PHOT
I’m sorry it’s not going your way but I’m long $PHOT and looking forward to end of year also if big volume turns up I will play and will buy more on lows but I don’t trade this one. Best of luck $$$
Almost there, they will re vote on the amended C45 but passed the big hurdle I agree. Longs will cash in when profits start increasing exponentially. Let’s hope they capitalize. Hopefully more states in the US follow as well.
The CannabisAct has just passed the Senate's third reading by a 56-30 vote with one abstention.
Long $PHOT!
It’s just a matter of time patience is key...long $PHOT
https://nypost.com/2018/05/14/state-democrats-plan-to-endorse-marijuana-legalization/
Trudeau says Marijuana legalization will go ahead without delay for Canada this summer
https://www.huffingtonpost.ca/2018/05/04/trudeau-pot-marijuana-legalization_a_23427135/
Yes sir Hegyi gets it! Looking forward to systematic #legalization in the US and Canada. Long $PHOT
Marco Hegyi wrote .. #GrowLife Team delivered growth again in 10-Q: sec.gov/Archives/edgar…long $$$PHOT
Just a matter of time..long $PHOT
https://finance.yahoo.com/video/sessions-starting-see-light-medical-011735075.html
That’s the way I see it happy trading!
I’m betting on a great year, absolutely.. $PHOT
BMIC gone long PHOT
MJ industry supercharged for growth
https://www.usatoday.com/story/news/nation/2018/04/20/marijuana-industry-growth-president-trump/520541002/
Great time to be invested, long PHOT!
https://www.cnbc.com/amp/2018/04/19/how-legal-weed-reached-a-tipping-point-in-time-for-4-point-20.html
The more we know..long PHOT
Nice!!!