GrowLife Inc (PHOT)

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What is an OTC equity security and what is the difference between OTC Bulletin Board (OTCBB) and OTC Markets?
An over-the-counter (OTC) equity security is generally considered to be any equity security that is not an NMS stock traded on a national securities exchange. The OTCBB and OTC Markets are both interdealer quotation services for OTC equity securities. FINRA operates the OTCBB and permits to be eligible for quotation on OTCBB any OTC equity security that is current in certain required regulatory filings (see Eligibility Requirements). OTC Markets is a privately owned company that permits market participants to quote OTC equity securities. An OTC equity security can be quoted simultaneously on both OTCBB and OTC Markets. As well, there are many OTC equity securities that are not quoted on either OTCBB or OTC Markets; however, they have trading symbols assigned to them so FINRA members can comply with trade reporting obligations and report transactions in these securities. These securities are sometimes said to be on the "gray market."
Other-OTC/NBB. Any OTC equity security that is not quoted on the OTCBB but is eligible for trade reporting to the OTC Reporting Facility is categorized as "other-OTC" or non-Bulletin Board (NBB). This includes, but is not limited to, securities quoted on OTC Markets. Because other-OTC securities are not quoted on the OTCBB, you will not be able to access quotes on these stocks on FINRA.org.
- See more at: http://www.finra.org/industry/faq-otcbb-frequently-asked-questions#sthash.8VAb2UpQ.dpuf