GrowLife Inc (fka PHOT)

[Trained Monkey]

Thank you, much appreciated. Just hope any of the info helps.

Regarding the 'how much the A/S will rise' debate, the following are facts. Draw your own DD accordingly.
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The 200M shares to CANX should execute Monday, assuming a 'YES' vote. This was in the CANX JV 8k.

The A/S will then rise from approx. 738M to 938M.

CEN's approximately 236M shares will not become A/S immediately. A/S wont convert to O/S in CEN deal until CEN approved with all licenses. The shares will be earmarked, so to speak, and transfer to CEN when they are ready to grow. And make PHOT money.

PHOT not just throwing the shares onto the market Monday

The roughly 264M shares for RXNB will transfer at closing, whenever that is, but no restrictions such as licenses so should be soon.

This will raise the A/S to approximately 1.2B in February, up from 7.3M


The A/S will raise to approximately 1.7B once the CEN deal is licensed.*

*Currently awaiting building inspections, etc. There is a chance they never issue, but doing the DD the Canadian Gov't has already green lighted construction.


What I like is PHOT gets revenue concurrent with the issuance of shares. As soon as company green lighted to make revenue, or come into PHOT's ownership, then PHOT issues the shares.


GLTU

ETA - The real concern and risk lies in what PHOT does with the remaining 1.3B.

Looking currently they have approximately 730M shares authorized now, and about 260M still unauthorized. That is to say they have 1/4 of their current A/S remaining in the bank for good use.

I expect they may take the same course with the 1.3B and leave them right where they currently have the 260M.

Unless they have more CEN type deals to announce.