GrowLife Inc (PHOT)

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NEWS: A New Day at GrowLife

GrowLife Resumes Public Trading

GrowLife, Inc. (OTCBB: PHOT), one of the nation’s most recognized cultivation service providers, today announced an update on the Company now that its common stock has resumed quotation on the OTC Bulletin Board after receiving clearance from the Financial Industry Regulatory Authority (“FINRA”) on its Form 15c2-11.

When the public market was informed that FINRA approved GrowLife’s return to trading, on February 17, 2016, shareholders welcomed the stock back with great enthusiasm. Over the next 48 hours the market traded just under 50,000,000 shares, going from $0.01 to a high of $0.09, and closed at $0.06 per share with a corresponding market cap of $57 million.

“I see our return to trading as a significant accomplishment and the first of many to come,” said Marco Hegyi, President of GrowLife. “We have been preparing for this ‘New Day’ and started executing on our plan well in advance of our return to trading.” Furthermore, in Mr. Hegyi’s Medium blog post (https://medium.com/@hegyi), he explains that the company is moving forward over the next 30–90 days by focusing on three priorities: Revenue recovery, positive cash flow and fortifying its balance sheet by capitalizing on the indoor cultivation market growth, with more products and more points of distribution.

Throughout his posting, Mr. Hegyi explains how the company will further strengthen its business fundamentals and strategic partnerships with value-added resellers to support these priorities.

For more information about GrowLife, please visit: www.growlifeinc.com. Additional commentary on the Company as well as the industry is also provided on Mr. Hegyi’s blog.