GrowLife Inc (PHOT)

[Mokyo Toe]

This is weird. The Encino Go Green Hydroponics shop you mentioned was named as an acquisition in October 2014 by another Pinkie company, OSLH, which appears to currently be a shell with an .0001 pps.

http://www.prnewswire.com/news-releases/osl-holdings-announces-the-acquisition-of-go-green-hydroponics-136092947.html

Bloomberg still lists them as belonging to OSLH, although the page is automatically generated and may not be up-to-date:

http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=275096940


In May 2016, PHOT issued a couple of PR's announcing intent to buy Go Green Hydroponics. They make no mention of who the seller is; no mention of OSLH. Nor do they provide a timetable for the acquisition:

http://www.realdealdocs.com/viewdocument.aspx?DocumentID=3212475

On July 11, 2016 a waiver was filed allowing PHOT to issue more shares to complete the transaction. Here, OSLH is not named as the owner, but TCA Global Credit Master Fund is:

https://www.lawinsider.com/contracts/5qBasKeGbF3hExnv1OXTTZ/growlife-inc/1161582/2016-07-11

After this, the trail goes cold. I can't find anything online proving that PHOT actually went through with the purchase. Nothing at all. I am not saying they haven't purchased it, but it is weird that PHOT would trumpet mere 'intent' to buy it in multiple PR's, but not mention the actual purchase. Why would a company, especially a pinkie, not want to make a big deal about acquiring a shop in Los Angeles??

I'd like to believe they went through with it, but until I see confirmation of a sale, I can't just assume they did.

I guess we will see what happens in the weeks ahead.

GLTA