GrowLife Inc (PHOT)

[John-Knee]

Nice short clip of PHOT in this article.


Retail Cannabidiol - CBD Market Exploding at Exponential Year-Over-Year Growth Rate MarketNewsUpdates.com News Commentary

Tue Dec 19 08:41:04 2017 EDT

PALM BEACH, Florida, Dec 19, 2017 (PR Newswire Europe via COMTEX News Network) --
PALM BEACH, Florida, December 19, 2017 /PRNewswire/ --

Cannabidiol - CBD, the natural phytocannabinoid extracted from cannabis,
is quickly generating worldwide interest from the investment community while becoming
an exciting opportunity for angel and venture capital investments pinning hopes
that projections are correct and that the CBD market will grow 700% over the next
few years. In an article published by Forbes, The Hemp Business Journal estimated
that the CBD market will grow to a $2.1 Billion market in consumer sales by 2020
with $450 million of those sales coming from hemp-CBD based sources. That's a 700%
increase from 2016. In 2015, the market for consumer sales of hemp-derived CBD products
was $90 million, plus another $112 million in marijuana-derived CBD products which
were sold through dispensaries - bringing a total CBD market to $202 million last
year. And as political walls across North America continue to be reduced and investment
into the market increases, the sector could see an even bigger leap in growth than
anticipated. Active in the cannabis industry include: PotNetwork Holding Inc. ,
Elev8 Brands Inc. , Namaste Technologies Inc. (CSE: N), Growlife Inc. , Cannabis
Wheaton Income Corp. .

PotNetwork Holding Inc. announced today, it's wholly owned subsidiary, Diamond
CBD, Inc., has reported its revenues for November. Exceeding 1.6 million, management
enters the final stretch of 2017 having developed a strong and consistent trend
for solid growth. With continual month over month advancement, Diamond CBD's premium
quality products have bolstered in popularity throughout the year and widely captured
the attention of celebrities and distinguished media sources nationwide. Read this
and more news for POTN at: http://www.marketnewsupdates.com/news/potn.html

The Company announced last week that PotNetwork Holding, Inc. had been recently
featured in a Huffington Post article highlighting the emergence of the CBD industry.
In its coverage of PotNetwork specifically, it summarized the Company's dedication
to research, development, and multi-national distribution of premium hemp extracts.
The article also shed light on the Company's reach, highlighting the established
control of more than 15 CBD recognizable brands marketed at thousands of retail
stores around the country through its subsidiary, thus strengthening distribution
for its signature edible gummies, vape pens, vape additives, pet products, and more,
available in 100's of flavors and sizes.

In other industry developments and market performances of note:

Elev8 Brands Inc. closed up Monday over 49% with over 12.2 Million shares
traded by the market close. The company recently announced it is now working with
an Orlando, Florida based coffee roaster. Elev8 Hemp aims to improve efficiency
and in doing so has decided to bring on a new local roaster. New Florida-based roaster
has significantly decreased lead time on new inventory as well as reduced cost on
shipping, thereby markedly increasing profit margins. Elev8 has worked closely with
roaster in developing new packaging and labeling to better fit traditional brick
and mortar. CEO of Elev8 Hemp, Ryan Medico, stated, "I couldn't be more excited
to have a more hands on feel, working with a roaster on the local level. The new
packaging and labeling stands out amongst other coffees which distinctly brings
attention to our premium hemp brand.

Namaste Technologies Inc. (OTCQB: NXTTF) (CSE: N.CN) announced a Letter of
Intent with Supreme Pharmaceuticals Inc. ("Supreme") . The LOI, signed by Supreme's
wholly owned subsidiary, 7ACRES, and Namaste's wholly owned subsidiary, Cannmart
Inc. ("CannMart"), provides that Supreme will supply CannMart with a premium range
of high quality dried cannabis flower which will be offered in the Company's medical
marketplace. Supreme is focused on producing high quality cannabis through a commitment
to carefully curated genetics, quality focused cultivation practices and a post-harvest
process that includes a 14-day whole plant drying process and hand finishing of
each flower. Under the terms of the LOI, Namaste has committed to work with Supreme
as a preferred vendor as related to possible branded partnerships, in addition to
supply for Namaste's in-house branded medical cannabis.

Growlife Inc. closed up over 14% on Monday with over 30.8 Million shares
traded by the market close. Last week, the company announced it has added an all-in-one
home cultivation system called GrowLife Cube Pro to its renowned product offering.
GrowLife Cube Pro is an improved version of GrowLife Cube, one of the world's first
complete home grow packages designed to make plant cultivation attainable for consumers
of all backgrounds and skillsets. The Company has introduced the product as a way
to service the exploding recreational cannabis markets in California and other states
where adults will be permitted to cultivate up to six plants per adult under local
law. Additionally, consumers will be legally able to assign out their allotted plants
to other cultivators, creating a large personal market for small, mid-size home
cultivation. With almost 40 million people in California alone and regulation stipulating
that all growing must be done indoors, the demand for home cultivation is expected
to skyrocket as the adult use legislation takes effect in January 2018.

Cannabis Wheaton Income Corp. (OTCQB: CBWTF) announced it has entered into
a binding strategic alliance and streaming agreement with Sustainable Growth Strategic
Capital Corp. (SGSC), whereby SGSC, through a subsidiary, will become a significant
streaming partner to the company and the newest participant in the Wheaton licensing
program. Pursuant to the agreement, the company will assist SGSC in obtaining ACMPR
(Access to Cannabis for Medical Purposes Regulations) licensing for its large energy-efficient
facility strategically located in Scarborough, Ont., which, upon receipt of the
license, will make it one of the closest licensed producers to Toronto's downtown
core. The company will also assist SGSC in developing the facility which SGSC anticipates
will be approximately 145,000 square feet upon completion with the capacity for
a further 200,000-square-foot expansion. SGSC consists of a seasoned management
team with over 100 years of combined experience in delivering on large-scale power
generation and construction projects.

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