GrowLife Inc (PHOT)

[billytbone]

On June 17, 2022, the Board of Directors (the “Board”) of GrowLife, Inc. (the “Company”) approved the implementation of a one-for-one hundred and fifty (1:150) reverse stock split of all of the Company’s issued and outstanding common stock (the “Reverse Stock Split”), as of the Record Date of June 17, 2022.



The Reverse Stock Split was previously approved by the Company’s shareholders at the Company’s November 5, 2021 annual meeting of stockholders. The approvals provided discretion to the Board to implement the Reverse Stock Split any time prior to September 1, 2022.

As a result of the Reverse Stock Split, every one hundred and fifty (150) shares of the issued and outstanding common stock of the Company will be converted into one (1) share of common stock. Any and all fractional shares resulting from the Reverse Split which are less than 1 (one) whole share, shall not be rounded up to the next whole share and rather such Holder shall receive a fractional pro-rata cash payment equal to 120% of the closing market price on June 17, 2022. Any and all fractional shares created by the Reverse Stock Split which are greater than one (1) whole share will be rounded up to the nearest whole share.

The number of authorized shares will not change as a result of the Reverse Stock Split.