GrowLife Inc (PHOT)

[Kristi]

Marijuana Business In Focus: GrowLife, Inc.
FEBRUARY 26, 2014 BY KEN KLEIN LEAVE A COMMENT

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GrowLife, Inc is a diversified holding company that manufactures and markets horticulture and lifestyle products for the Medical and Recreational Marijuana industry. Formerly SG Technology, LLC, Grow-Life, Inc was established in 2012 in Carson, California. GrowLife trades under the stock symbol PHOT and is currently one of the popular marijuana stocks to invest in.

They provide indoor growing systems and equipment, many of which set the market standard, in addition to operating several hydroponics specialty stores throughout the U.S, a number of on-line retail sites and the leading industry portal www.cannabis.com, the “authority social channel” for marijuana lifestyle products. Their subsidiaries include an entertainment and production company that produces club and theater performances, music and culture festivals, as well as providing promotional support for artists and performers outspoken in support of the cannabis lifestyle. Last year GrowLife Productions launched a multiple tiered media campaign in support of the Grammy Nominated documentary “Beats, Rhymes and Life; the Travels of A Tribe Called Quest” released by Sony Pictures. In years passed they produced and promoted the HIGH TIMES Cannabis Cup and many VIP musical events.

Recent mergers with the 25 year old company Phototron, manufacturer of a complete line of growing systems (including nutrients, ‘smart’ lighting and watering controls) and Greners.com an on-line distributor of hydroponic supplies and equipment with an international client base, combined with innovative lead taken by parent corporation Stealth Grow in the manufacture and design of LED Grow Lights, GrowLife, Inc was already well established in the market of marijuana.

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But with recent acquisitions of vested interests in the emerging Nutraceutical Company, RXNB and joint ventures with the CANX USA, LLC and CEN Biotech, some investors believe GrowLife, Inc appears poised to dominate the market in the coming years.

CEN Biotech has worked closely with the Canadian Government to establish a state of the art Medical Marijuana Facility with a capacity predicted to produce over a million pounds of dried bud each year. While construction of the facility are pending further approval in the rigirous Canadian approval process GrowLife, Inc appears to be contracted as primary provider of the companies growing equipment and supplies.

A merger of several independent companies in the field of of THC research and development, RXNB has a number of pending pharmaceutical patenrts as well as possessing proprietary processes in the cultivation of marijuana with emphasis on the cGMP, or Current Good Manufacturing Practices of the US Food and Drug Administration. These practices allow for standardised evaluation of identity, quality, purity and potency of drug products. RXNB is reported to have generated over $27 million in revenues in 2013.

Although there appears to be some hesitations around the sudden and numerous alliances, and the abrupt tripling of authorized market shares, stock has exhibited extraordinary growth since summer of 2013. The legalization of recreational use in Colorado, and the recent release of the federal ban on banking services for marijuana businesses may logically lend support to this steady upward trend.

http://www.jointindustries.com/marijuana-business-in-focus-growlife-inc/