GrowLife Inc (PHOT)

[TEXASOIL]

First off the note is only 7% interest which is an excellent rate for an MJ company. Lets not forget that no one would lend any money to these companies just a few short months ago. To me this is a very positive step for investors. It gives the company liquidity as they expand and grow sales. It also tells me that there will be less dilution if any for quite some time. Tell me one company in recent times that did not need financing to expand and grow to a NASDAQ, AMEX, or Big Board stock?

Positive Points:

1. Liquidity to expand operations and grow their sales.

2. Likely reduction in dilution and possibility no dilution.

3. Access to financing that did not exist a few months ago plus establishing their credit as a company which should lead to sweeter terms with large banks.

4. Commitment. It show that they are in this for the long haul and have a BUSINESS PLAN that is 2+ years out!

I really see nothing negative here except the fact they have to perform to repay the loan which they would have to do anyway to succeed ......financing or not.

Major Positive Step in my opinion.