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Monday, February 03, 2014 11:37:31 PM
WOODLAND HILLS and SAN DIEGO, Calif., April 3, 2013 /PRNewswire/ -- GrowLife, Inc., a provider of highly effective indoor growing technologies and unique lifestyle brands, is pleased to announce that consistent with its ongoing mission to build a long-standing brand and multiple streams of revenue, it has signed a Letter of Intent with Strategic Global Investments (PINK: STBV) to build a comprehensive, multi-channel media network for the marijuana industry.
The "core" of the network is expected to include:
GrowLife Studios: San Diego (@ STBV Headquarters) & Los Angeles (@ PHOT Headquarters)
Partner Studios in New York and Other Large Cities – Affiliations with Other Top Brands
Quality, Creative Productions on All Marijuana Topics with Expansive Distribution and Websites
Digital Advertising Server for Banners & Commercials – Multi-Tiered Sponsorships
Acquisition of Terrestrial TV & Radio Stations / Channels / Rights
"Our vision is to create a platform for everyone in the marijuana industry – from the recreational or medicinal user, to the commercial grower, to the retail or institutional investor, and everything in between. The interest in these markets is evident with the rising profile of marijuana. The value inherent in owning and consolidating the media for this business is overlooked in my opinion," said Kyle Tracey, President of GrowLife and Executive Director of GrowLife Productions. "This project is of direct benefit to GrowLife Productions and www.Cannabis.org in providing us more viewers and traffic, and thus more value for potential sponsors."
While the brand penetration for GrowLife as the backbone of this network is immeasurable, a three-pronged approach is being used to design the enterprise in order to maximize revenue and scalability. The three drivers of this business should each operate autonomously and with a commitment to constant improvement and innovation.
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