GrowLife Inc (PHOT)

[Lombardi]

It opens more doors for Growlife than it closes.


Consider the perspective of growers or collectives.

Options available to either get a loan from the bank to buy equipment.

Or have equipment loaned directly from supplier.

Both will have payments back with interest.

Or a grower could get a loan for a down payment on the gift program, but I don't see that as a smart option.

Also, opening bank doors may mean amending grey areas that would have otherwise been roadblocks for Growlife to provide the GIFT program in states like Washington.


I've seen some trying to spin that news in a negative light, but it's ultimately an industry positive that would allow a higher volume of cash flow into the company.

When you think about, regardless of what banks will be allowed to do, growers still need supplies to grow.

Let's say worst case that bank lending causes a downtrend in the GIFT program that has received overwhelming demand as is...

Well that bank loan will go towards equipment either way. Keeping the GIFT door half open and the bank door blown off the hinges.

IMO