GrowLife Inc (PHOT)

[OSTrader]

pmdavis300 - "Exactly who is this CANX USA?"

This is from 11/21/13 PR - http://www.marketwatch.com/story/growlife-to-receive-up-to-40-million-for-acquisitions-growth-capital-gift-program-2013-11-21

"CANX USA LLC is a Private Investment Group formed by individuals with specific expertise in agricultural, supply chain, retail, real estate, technology and marketing. CANX provides investment capital, Mergers and Acquisitions expertise and other business consulting services. The Company's goal is to facilitate game-changing acquisitions and upgrade technologies for its partners and investments.

Company, through a Joint Venture (JV) has received a commitment to receive up to $40,000,000 to be used primarily on acquisitions, GrowLife Infrastructure Funding and Technology program (GIFT), and other expansion initiatives.

The GIFT program allows fully-licensed and compliant growers and dispensaries in well regulated cannabis markets including locations in WA, CO, MA, NV, IL, AZ, OR, CT and Canada to spread the cost of infrastructure builds over time.

'This financing arrangement created through a Joint Venture with Nevada based CANX USA LLC (CANX) strengthens our ability to assist growers already active in the legal cannabis arena with rapid expansion ahead of what we anticipate will be a flood of corporate interest in growing,' stated Sterling Scott, CEO, GrowLife Inc. 'And it also firmly launches GrowLife into a vertical with a much higher ceiling of opportunity.'"