Correct. And, even better, PHOT's ownership of CEN will rise to 12.75% at the completion of the JV with CANX, at which time PHOT takes a 51%controlling interest.
The 45% is temporary, as per filings, and they anticipate PHOT taking over.
PHOT has an 11.25% interest in a major grow op now.
PHOT will have a 12.75% interest in a major grow op later.
That's millions per annum.
Thank you for your insightful work in this thread.
GLTU
See my bold titled posts for short summaries of all GrowLife's (PHOT's) recent PR's and 8k filings