$Rig's Platinum Penny Alerts

[RIGATONI]

~GRSO .39 Condensed DD...

http://www.otcmarkets.com/stock/GRSO/quote

Two emerging markets are creating a demand for high-efficiency agriculture in the area of urban gardening and legal production of cannabis. The focus of this market is high yield and consistent quality. Highly specialized needs exist for growing techniques, equipment, nutrients and supplies.

We specialize in providing products and services to these markets.

~Web Site...

http://growsolutionsinc.com

~Sharedholder letter...

http://growsolutionsinc.com/wp-content/uploads/2016/06/GRSO-INVESTOR-LETTER.pdf



Authorized Shares 100,000,000 a/o Jun 13, 2016
Outstanding Shares 44,616,612 a/o Jun 13, 2016
Float 4,671,116 a/o Jun 13, 2016



Grow Solutions Inc. Reports Financial Results for Second Quarter 2016
Sales Increase 25% to $1.7 Million from Previous Quarter

NEW YORK, NY / ACCESSWIRE / August 23, 2016 / Grow Solutions Inc. (OTC: GRSO), a provider of comprehensive support services in the broad area of high-yield indoor agriculture, specializing, though not limited to, the regulated growing and processing of cannabis, today announced financial results for the second quarter of 2016 ended June 30, 2016.

For the second quarter of 2016, net sales were $1,689,282, an increase of 25% from sales of $1,353,624 for the first quarter ending March 31, 2016, and an increase of 420% from sales of $325,051 for the second quarter of 2015. The increase in net sales is primarily related to the Company executing on its expansion strategy and completing the acquisitions of OneLove in May, 2015 and Hygrow in September, 2015.

Gross profit was $352,094 for the three months ended June 30, 2016, an increase of 484% compared to gross profit of $60,140 for the three months ended June 30, 2015. The increase is due to the acquisitions of OneLove and Hygrow.

Selling, general and administrative expenses for the second quarter ended June 30, 2016 and 2015 were $802,007 and $408,481, respectively. Selling, general and administrative expenses consisted primarily of public company expenses as well as payroll expenses from the operations of OneLove and Hygrow. Grow Solutions went public through a reverse merger in April 2015. Included in SG&A for the second quarter of 2016 were expenses related to the launch and ramp up of FutureTech, which develops proprietary products for smoke shops, dispensaries, and distributors. Interest and other expenses related to the issuance of convertible notes totaled $270,564 during the second quarter of 2016.

Net loss for the three months ended June 30, 2016 was $601,778 compared to $523,898 for the three months ended June 30, 2015.

"Grow Solutions made great strides during the second quarter with sales increasing 25% and 420% over the previous quarter and last year's second quarter, respectively," said Jeffrey Beverly, President and Director of Grow Solutions. "During the quarter, the management team continued to execute on our expansion strategy, completing the acquisition of Mile High Hydro, a full service online grow store. We also launched FutureTech, a new product division that sells higher margin proprietary products that is expected to quickly reach profitability. Grow Solutions is now at an annualized revenue run rate of approximately $8.0 million and we believe that we are well positioned to continue to execute our roll-up growth strategy to offer a comprehensive service solution for high-yield indoor agriculture growers."


Lovely find


~Rig