GrowLife Inc (PHOT)

[OccamRazed]

Part of the reason the pps is this high is because of the 40 million CANX deal. As part of the agreement, some 400+ million shares will be diluted. PHOT will have an o/s of about 1.2 billion and an a/s of 1.8 billion. The question I have is what the 1.8 billion will be used for. IMO, what seems reasonable is that Growlife will use it for protection from take-overs, acquisitions, and more lucrative GIFT and KIOSK deals. I reason that 1) PHOT got GIFTS and the industry is exploding (no brainer), and 2) They are targeting more brick and mortar locations to get their logistic and distribution needs taken care of. There are 12 stores now, and going off what others in the past have said, it sounds like they want around 30 locations. Makes sense to me. There could be a positive outcome for us here.

I appreciate your dd here. GLTY