GrowLife Inc (PHOT)

[Odis]

I VOTE YES!

Shares provided from the newly authorized, when approved, to CANX USA partners must be earned along with material benefits to the Company and GrowLife must agree at each step. For example, the closing and funding of GIFT transactions or acquisitions that would bring significant EBIDTA positive new revenue to GrowLife.
Our CANX JV partners are not in today and gone tomorrow partners; it will likely take a considerable amount of time for our CANX partners to 'earn' their shares as they perform under our watch. And by definition, our CANX USA JV partners are subject to stringent rules and limitations as to how they might someday sell any future earned stock, somewhat similar to the restrictions on very large shareholders and Senior Management.
It is perhaps worth noting that by creating this access to capital under the most favorable terms of the CANX USA JV, GrowLife is effectively not in the market for any of the typical 'toxic' financings that are an ambient risk for investors in the small and microcap market.