GrowLife Inc (PHOT)

[sinq17]

MAINSTREET. "GrowLife (PHOT) is traded over the counter with a market cap of some $221 million and a Friday close price at $0.38. The company started out 26 years ago as a small company selling home-based terrariums in High Times Magazine. It is now the largest ancillary business in the U.S by revenue and specializes in equipment to cannabis growers and marijuana dispensaries nationwide. Last week, PHOT invested in a Canadian plant expected to produce up to 1.3 million pounds of medical marijuana annually with $40 million in restricted stock.

"We're a well recognized brand in an industry that has changed dramatically," CEO and chairman Sterling Scott told MainStreet. "It's no longer a product or business marketed principally to a sub-culture in the U.S. that wants to grow marijuana in the secrecy and privacy of their home."
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