GrowLife Inc (PHOT)

[G3trich]

Yes I do know where you're going with this. Just a few points:

How many banks do you know that are lining up to lend money to businesses operating in the Marijuana industry? none as far as I know.

When this deal was struck, growlife was trading at approximately .03 - .07, not much leverage from such a disadvantageous position.

Read the filing and you will see that the shares are released to CANX only if certain PPS benchmarks are reached.

Per the deal, CANX reserved the right to select three members to the Growlife board. They exercised that right and we know the resumes of those individuals. I highly doubt they will compromise their reputations by scamming people for a quick buck. Especially given that they are already millionaires in their own rights.

Lastly, I've been an investor in this company since November 2013 and I fully trust and believe in the management (mainly Sterling Scott and Rob Hunt). They've been very transparent in communicating their vision for the company. The additional A/S will be used to grow the company (as evidenced by the already announced CEN deal), as opposed to buying a corporate jet. There will be additional announcements this coming week.