GrowLife Inc (PHOT)

[RevolRekop]

It's no sheer hallucination, it just needs more time to brew. They said on the report that it was a 12-18 month price target.

WOODLAND HILLS, Calif., Oct. 17, 2013 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry including online and brick and mortar hydroponic stores, OEM grow equipment, commercial grow-op support, and media, is pleased to announce that Grassroots Research has provided an updated report for review and consideration by the investing public.
The report is available at the following link:
http://growlifeinc.com/growlife-phot-update/
From the report:
"The recent position paper by Department of Justice encourages all 50 states to implement reasonable medical and/or recreational marijuana programs. These clarifications on policy and practice are expected to have the very desirable effect on companies engaged in marijuana industry. Further, it shall provide a major boost for companies engaged in providing the required marijuana infrastructure to be built in each and every state. PHOT is expected to be at the forefront of this marijuana infrastructure industry. PHOT is partly targeted at the massive $45 billion dollar marijuana market."
"We have asked Grassroots to provide our investors with an updated report given the significant change in market conditions over the past few months," stated GrowLife, Inc. CEO, Sterling Scott, "We believe that Grassroots has done an outstanding job in looking at events such as the Department of Justice position change from an analytical perspective which should be of value to those interested in this industry and GrowLife."
Due to beneficial market factors detailed in the update, Grassroots has at its sole discretion, chosen to increase its 12-18 month price target to .23 per share. GrowLife wishes to remind investors that Grassroots Research was retained by GrowLife to provide market analysis in its perpetual effort to provide maximum transparency and that any price targets are offered solely by Grassroots Research without any influence or request by GrowLife. Its compensation is not based on the target.
A GrowLife Investor Presentation can be viewed online at http://growlifeinc.com/growlife-presentations-october-2013/

Best of luck,
R.R.