GrowLife Inc (PHOT)

[x1power]

Nice report.

I still have reservations about PHOT selling a large number of grow facilities. I could be wrong.

Expansion of the number of retail box stores is another problem for me.
Most businesses start by becoming profitable in one or two retail store locations and then expansion is continued. Coming earnings should tell us the story of whether sales and revenues are increasing. The USA economy is probably not really growing (only in a few areas out of many). Y;ou can pump housing, though unless foreigners with big $$s are buying them . . . I doubt many USA families just starting out are buying homes (they have to rent).
Which brings up the question of how PHOT is to pay the rent, the help, taxes, advertising, and order product for each store.

Phot is a still at shot at the moon.
How many growers are going to order big systems, unless they are sure USA administration will not seize them, or at least their product?

The MJ industry is having real growing pains (especially financing).
Thus we retail investors are the source of funding, which means we get diluted. I am still holding shares and do expect PHOT to prove its stuff in next 2-4 quarters.

I have invested in a few greenhouse stocks on the pink sheet circuit and virtually all of them are sub penny and showing no apparent ability to run a business, or simply the business is not there. As soon as they attempt to go retail physical plant, they find no buyers. Growers of flowers (greenhouses) have no legal problems to confront. A legal MJ grower will be the a lot like a commerical grower of medical herbs, and run a very tight ship. Most small businesses fail within 5 years.

I have made money in the MJ stocks, yet have noted it runs in cycles based on Prs. I doubt very many college student types will have the bucks to operate the kind of system PHOT sells.