GrowLife Inc (fka PHOT)

[Trained Monkey]

Feb 5 Article on Growlife in Hot Stocked

http://www.hotstocked.com/article/75332/growlife-inc-otcbb-phot-recovers-on-strong.html

Growlife Inc. (OTCBB:PHOT) Recovers on Strong Support from Investors

This part comments on what lots of posters on the board are discussing here this AM:

"For now the company doesn't have the room to issue such vast amounts of shares and that is why a new increase of the authorized shares will be voted on the shareholder meeting scheduled for February 7. Still the 711 million outstanding shares will double based on these 2 deals and joint venture with CANX..." (See my stickied post for a full breakdown of these deals).

If everything goes according to plan the two acquisitions will bring significant amounts of revenues to PHOT. Just the deal with CEN entitles them to receive a one-time payment of $100 million when sale volumes of CEN have reached 1 million pounds of cannabis."


To be fair, I disagree with a lot of the authors takes re: risk and dilution and feel it could have been better written. This has been discussed here ad nauseam so no need to rehash it here.

Nevertheless, information is summarized here and I encourage those who are here and thinking about staying read this and some of my bolded post titles if you want to get up to speed on the filings and PRs and the significance of them.

If you're here to flip plenty of chances for that too IMO

GLTU.