PHOT - GrowLife, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.0076
-0.0003 (-4.30%)
At close: 3:59PM EDT
Stock chart is not supported by your current browser
Previous Close0.0079
Open0.0072
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0072 - 0.0079
52 Week Range0.0052 - 0.0280
Volume6,256,407
Avg. Volume9,196,969
Market Cap26.641M
Beta (3Y Monthly)-0.66
PE Ratio (TTM)N/A
EPS (TTM)-0.0040
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • 4 Marijuana Penny Stocks That Could ‘Double’
    InvestorPlace8 days ago

    4 Marijuana Penny Stocks That Could ‘Double’

    We all know that legal cannabis markets are booming and pot is increasingly being accepted into our society. There seem to be countless advertisements courting subscribers to this or that service for marijuana penny stocks that have, allegedly, doubled or tripled in price. But you need to be careful and treat any advertisements touting great investment performance with a grain of salt. I shouldn't have to tell you that this advertising can be very misleading.There can be statements that are technically true, but at best they're misleading … at worst, they're deceitful. Example: If a stock goes from 2 cents to 4 cents then technically it has gone up by 100%. However, this is not the same as a stock going from say $2 to $4 or $20 to $40.Consider the following. When someone buys or sells a stock "at market," they will receive the best price that currently exists in the market. If they are selling, they will get the highest price that anyone in the market is willing to pay. If they are buying, they will get the lowest price that anyone is willing to sell at. Suppose a stock is bid at 2 cents and offered at 4 cents. This means that the most anyone will pay for the stock is 2 cents, and the lowest anyone will sell it for is 4 cents.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, say someone sells 100 shares at the market and hits the bid. The last trade is two cents. Suppose one minute later someone else buys 100 shares at the market and pays the offer price. Now the last trade is four cents. This is +100% from the prior trade. The stock has apparently doubled, but in reality it hasn't moved! And if you paid 4 cents for your investment, you literally need to wait for the stock to double and the bid to become 4 cents just to break even!Just remember that if it seems too good to be true, it probably is. * 10 S&P 500 Stocks to Weather the Earnings Storm Here are four examples of seemingly legitimate companies whose stock prices would suggest otherwise. I'm not saying that you can't make money with them … it's not outside the realm of possibility. But neither is the chance that space aliens will invade tomorrow, enslave us and ship us off to work in some dilithium crystal mines on the other side of the galaxy. But I wouldn't bet on it, just like I wouldn't bet on these stocks.[A word of warning: Due to their extremely low prices these and other penny stocks can be very volatile. This makes them dangerous investments.] Marijuana Penny Stocks: Rocky Mountain High Brands (RMHB) Click to Enlarge The first one is Rocky Mountain High Brands (OTCMKTS:RMHB). RMHB refers to itself as "a publicly-traded, lifestyle brand management company that markets 'good for you' products to health-conscious consumers."It seems to be a "real" company, insofar as it has a decent-enough website and people apparently actually work there. But take a look at the stock.The last trade was at .0044. That is less than one cent!On the chart above, the highest price displayed on the X axis of the price scale is .018 … just under two cents.If you aren't aware of the scale, this chart can be very misleading. If it goes from .0044 to .0088 is that really a double? Is it the same as a stock going from $4.40 to $8.80 or $44 to $88? Absolutely not.Commissions, liquidity constraints and transaction costs will keep this from happening. The stock is not trade-able. Ubiquitech Software (UBQU) Click to EnlargeThis next gem is Ubiquitech Software (OTCMKTS:UBQU). The company considers itself a "multimedia, multi-faceted corporation focused on utilizing state of the art global internet marketing and traditional marketing to drive traffic to multibillion-dollar industries."To illustrate some of the misunderstandings of these types of markets, check out this ridiculous analysis from insiderfinancial.com:"Ubiquitech Software Corp might as well have found a way to reinvigorate its ailing prospects having taken a significant hit. The company is in the process of changing its name and has also decided to forego its cryptocurrency ambitions all in the effort of focusing on the hemp business. HempLife Today is the proposed name change that the company believes reaffirm long-term ambitions and plans.The restructuring drive appears to have caught investors' attention given the increased trading activity around the stock in recent trading sessions. While the stock is still languishing at all-time lows having lost more than 80% in market value, a high turnover in traded shares could as well signal a change in the direction of trade.The stock has started showing signs of bottoming out having spiked by more than 60% in recent trading sessions. After the recent spike higher, the stock faces immediate resistance at the $0.006 level on further movements on the upward.A rally followed by a close above the critical resistance level should reaffirm the emerging uptrend, setting the stage for the stock to continue climbing high. Below the $0.006 resistance level, the stock remains susceptible to further declines given the underlying bear trend and the fact that short sellers are still in firm control". * 10 Best Stocks to Buy and Hold Forever You have got to be kidding me. Resistance at six-one thousandths of a share? Short sellers in control? Apparently whoever wrote this drivel doesn't realize that in order to short a stock it needs to be marginable. Penny stocks are not marginable, so there are no short sellers in this market. Again, this stock is not tradeable and this analysis is completely invalid. GrowLife (PHOT) Click to Enlarge This is GrowLife Inc (OTCMKTS:PHOT). They say they are "a nationally recognized cultivation brand" that deals in hydroponics. Hydroponics are essentially a way of growing cannabis without soil, but with water, sand or even gravel. GrowLife provides this equipment to the grow houses that, well, grow the pot. They also supply lighting and "other cultivation supplies" for use in many environments, including for commercial use.The last trade was at .008. If it "rallies" to .016, did it really a double? On paper "yes." But as I mentioned earlier, percentages can be tricky, as they mask the true value when used in a misleading way. I'd much rather see a stock like Roku (NASDAQ:ROKU) double.In real life, could you actually make this trade with a meaningful amount of money? Not a chance. Green Cures & Botanical Distribution (GRCU) Click to Enlarge Last, but certainly not least we have Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU). According to its website, Green Cures deals in infused drinks, which it considers "nutritional, botanical, sports and body care products." It doesn't have a brick-and-mortar retail presence, and it is currently focused on online sales to generate sales."From concept to production and distribution, Green Cures & Botanical Distribution Inc., is continuously creating and introducing products that promote a healthy lifestyle." Yeah, sure. One look at the stock and you'll think otherwise. * 7 Stocks to Buy for Spring Season Growth GRCU stock closed at .0029. If you wanted to invest $20,000 in it -- and were actually able to buy it -- you would be long 6,900,000 shares. That is more than 10 days worth of the average daily volume! It would not be possible to trade that many shares without affecting the price.As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 4 Marijuana Penny Stocks That Could 'Double' appeared first on InvestorPlace.

  • GlobeNewswire8 days ago

    GrowLife, Inc. to Exhibit at CannaCon in Rapidly Expanding Cultivation Market of Oklahoma

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced that the Company will be exhibiting at Oklahoma City CannaCon on Thursday, April 18, and Friday, April 19, 2019, at Cox Convention Center. GrowLife will be exhibiting at booth #401. “GrowLife sees Oklahoma as a state where a lot of opportunities are happening in regard to the medical marijuana and hemp industries, and we are excited to attend a conference that is right in the middle of it all,” said GrowLife Executive Vice President of Sales and Marketing Joe Barnes.

  • Benzinga25 days ago

    The Week In Cannabis: SAFE(er) Banking, New Jersey, Seth Rogen, Walgreens And Earnings

    The cannabis world received mixed news last week. On the one hand, the House Financial Services Committee voted in favor of a bill that would allow marijuana businesses to work with banks and credit unions, the SAFE Banking Act, allowing it to advance to the House floor. On the other hand, the state of New Jersey cancelled its vote on a bill that would legalize recreational cannabis due to a lack of support from legislators.

  • GlobeNewswire28 days ago

    GrowLife, Inc. Announces Subscription Service Launch Through E-Logistics Platform for Commercial Growers

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced that the company has launched a subscription service for consumable cloning supplies as part of its EZ-Clone commercial propagation equipment line. Through its e-logistics platform, commercial cannabis and hemp cultivators will be able to subscribe to monthly shipments that include all of the products necessary to clone plants at a discounted price.

  • GlobeNewswirelast month

    GrowLife, Inc. Executives Return from Leading European Cannabis Conference with New Insight into Global Markets and Expansion Opportunities

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced company executives’ return from Spannabis 2019, the world’s largest hemp expo and trade show in Barcelona, Spain, with newly formed relationships and a deeper understanding of the hemp and cannabis cultivation markets throughout the region that could support international expansion of its EZ-Clone Pro Commercial product line. As the Company continues to eye global expansion, Spannabis provided valuable insight for executives into the well-established hemp cultivation industry.

  • Benzinga2 months ago

    Will There Be Enough (Legal) Marijuana In Canada This Year?

    If the Great White North plans to market itself as the Great Green North following the passage of the Cannabis Act and the subsequent legalization of recreational marijuana, it will probably need some marijuana to sell. Since October 17, 2018, when legal cannabis went on sale across the country, a supply shortage has plagued the country’s nascent retail cannabis industry. In the days following legalization, federally approved retailers were forced to shutter their businesses until they could get enough supply to meet a day’s demands.

  • GlobeNewswire2 months ago

    GrowLife, Inc. Reports 112% Quarter-Over-Quarter Revenue Growth in Fourth Quarter and Year End 2018 Financial Results and Operational Highlights Filing

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized plant cultivation product and service providers, today announced financial results for the quarter and year ending Dec. 31, 2018, and provided an overview of recent operational highlights. The Company continued to show significant market and revenue growth throughout the year, as Q2 2018 revenue increased year over year by 131.78%, Q3 2018 by 44.22%, and Q4 2018 by 112.25% over the previous year in the same quarter.

  • GlobeNewswire2 months ago

    GrowLife, Inc. Launches New Organizational Executive Leadership Structure Enabling Growth

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced that the Company has implemented a new executive organizational structure designed for efficient integration of new acquisitions and continued growth. With a strong tenure within the organization and proven success in sales management, Joe Barnes will lead the sales and marketing divisions of the company as GrowLife’s Executive Vice-President of Sales and Marketing. The national sales team will report to Barnes, led by recently announced National Sales Manager Brian Knight.

  • GlobeNewswire2 months ago

    GrowLife, Inc. to Attend Europe's Leading Cannabis Expo “Spannabis 2019” in Barcelona Eyeing International Expansion

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced the Company’s attendance at Spannabis, which is the world’s largest hemp expo and trade show in Barcelona, Spain. GrowLife executives will be in attendance at Spannabis to network with other leading cannabis companies in the global marketplace, showcasing the Company’s proprietary product lines and to learn more about the latest trends shaping the rapidly evolving industry in Europe. The cannabis industry had $6.9 billion in global sales in 2016, $9.5 billion in worldwide revenue in 2017, and an estimated $12.2 billion last year with global sales expected to grow 38% in 2019 to $16.9 billion, and hit $31.3 billion by 2022, according to Arcview Market Research and BDS Analytics.

  • GlobeNewswire2 months ago

    GrowLife, Inc. Announces that OTC Markets has Listed PHOT on OTC Pink Sheets

    KIRKLAND, Wash., March 05, 2019 -- GrowLife, Inc. (OTC: PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service.

  • GlobeNewswire2 months ago

    GrowLife, Inc. Schedules Investor Conference Call for March 11, 2019

    GrowLife, Inc. (PHOT), one of the nation's most recognized indoor cultivation product and service providers, today announced that GrowLife has scheduled an investor conference call for 4:30 PM eastern standard time on Monday, March 11, 2019. GrowLife CEO, Marco Hegyi, will provide updates on last year’s organizational and financial highlights, recent developments and discuss the goals for the Company in 2019. In addition, interested parties have the opportunity to submit questions concerning the Company prior to the call to Stuart Smith at SmallCapVoice.Com, Inc. via email: ssmith@smallcapvoice.com by 12:00 PM eastern standard time on Friday, March 8th, 2019.  Mr. Smith will compile a list of questions and submit them to the Company prior to the conference call.  Which questions will be addressed will be based on the relevance to the shareholder base, and the question’s appropriateness in light of public disclosure rules.

  • GlobeNewswire2 months ago

    GrowLife, Inc. Announces Retirement of Over One-Half Billion Shares

    “After years of extensive and cooperative negotiations I am pleased to report that GrowLife has taken a significant step towards strengthening our balance sheet with the cancellation of warrants to purchase of up to 540 million common shares,” said GrowLife CEO Marco Hegyi.

  • GlobeNewswire2 months ago

    Uptick Newswire Hosts Growlife, Inc. on the Stock Day Podcast to Discuss Their Recent Acquisitions and Expansion throughout the Industry and Plans for 2019

    Uptick Newswire Stock Day Podcast welcomed Growlife, Inc. (PHOT), one of the nation’s most recognized indoor cultivation product and service providers. President and CEO, Marco Hegyi, joined Stock Day host Everett Jolly. Jolly began the interview by introducing the Company as a new visitor on the Stock Day Podcast, and asked Hegyi to give listeners a brief about statement of the Company.

  • GlobeNewswire2 months ago

    GrowLife, Inc. Deepens Financial Bench with Appointment of Foday Deen as Corporate Controller

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced that it has appointed Foday Deen, CPA, MBA as its new Corporate Controller. Deen brings a strong academic background and over a decade of financial management experience to the position. Foday has over 15 years of experience in accounting and finance, working in large to medium-sized public and private companies in the Seattle-Tacoma area.

  • GlobeNewswire2 months ago

    GrowLife, Inc. Announces Exhibition at Cannabis Industry’s Leading Trade Conference “Seed to Sale Show”

    GrowLife, Inc. (OTCQB:PHOT), one of the nation's most recognized indoor cultivation product and service providers, today announced that the company will be attending the Seed to Sale show in Boston, Massachusetts, on Feb. 12 and Feb. 13, 2019, as an exhibitor. GrowLife will showcase its EZ-CLONE Pro commercial propagation solution, manufactured by recently majority acquired asset EZ-CLONE Enterprises, Inc. (EZ-CLONE), at booth #635. EZ-CLONE is a renowned commercial cannabis cultivation equipment supplier that GrowLife acquired a majority share of in October 2018.

  • GlobeNewswire3 months ago

    GrowLife, Inc. CEO to Speak on Y20 Seattle: Cannabis Panel Hosted by the Association for Corporate Growth

    GrowLife, Inc. (PHOT), one of the nation’s most recognized indoor cultivation product and service providers, today announced that its CEO, Marco Hegyi, will join other business leaders on a panel discussion about the cannabis industry as a part of the Y20 Seattle program hosted by the Association for Corporate Growth (“ACG”). The panel will be held Jan. 30, 2019, from 5:30 p.m.-7:30 p.m. PST at the Washington Athletic Club located at 1325 6th Avenue in Seattle, Washington. The invitation to speak on the panel came from ACG based on Hegyi’s extensive knowledge of operations and trends within the cannabis industry.

  • GlobeNewswire3 months ago

    GrowLife, Inc. Hires National Sales Director Brian Knight to Expand Sales Program for Commercial Division Focusing on National Accounts

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced that it has hired Brian Knight as its National Sales Director. Having held management positions in large-scale sales organizations for over 10 years, Knight brings extensive experience in sales channel management and systems.

  • GlobeNewswire3 months ago

    GrowLife, Inc. to Exhibit at Lift & Co. Cannabis Business Expo in Vancouver, Canada, Where Company Supplies Licensed Cannabis Producers with Equipment

    GrowLife, Inc. (PHOT) (“Company”) one of the nation’s most recognized plant cultivation equipment and services providers, announced today that the company will be exhibiting at the 2019 Lift & Co. Cannabis Business Expo from Jan. 10-13 in Vancouver, Canada. GrowLife will be showcasing products, including the EZ-Clone Pro commercial propagation system produced by the Company’s recently acquired EZ-CLONE Enterprises, Inc, a renowned commercial cannabis cultivation equipment supplier, at Booth 937. Joe Barnes, President of the Commercial division of the company, will be on-site meeting with licensed producers and other show participants on how GrowLife products and services can help reduce production costs and increase quality.

  • ACCESSWIRE4 months ago

    Penny Stocks Set to Breakout

    HENDERSON, NV / ACCESSWIRE / January 8, 2019 / Sometimes penny and sub-penny stocks can bring savvy traders massive profits in an extremely short period of time. Due to their low price and extreme volatility ...

  • GlobeNewswire4 months ago

    GrowLife, Inc. Announces New Market Opportunity with Passing of Farm Bill Legalizing Hemp Across the United States

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized plant cultivation product and service providers, today announced that it sees a large market opportunity for sales of its products by the passage of the 2018 Farm Bill that federally legalizes hemp production. The Farm Bill allows states to regulate hemp, as well as allow hemp researchers to apply for grants from the Agriculture Department and make hemp farmers eligible for crop insurance.

  • GlobeNewswire4 months ago

    GrowLife, Inc. Announces Results from Annual Stockholder Meeting, Where More Than 90 Percent of Shares Voted

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced that it held its Annual Meeting of Stockholders on December 6, 2018. “Yet again, I am honored by our shareholders’ enthusiasm and the trust they have bestowed in our management team. This was demonstrated by the overwhelming participation and the passage of all proposed motions,” said GrowLife CEO Marco Hegyi.

  • GlobeNewswire5 months ago

    GrowLife, Inc. Announces Preliminary Results of Rights Offering, Enabling Company Market Share Expansion Through Product Innovation

    GrowLife, Inc. (PHOT), one of the nation’s most recognized indoor cultivation product and service providers, is pleased to announce that it closed, effective November 30, 2018, its previously announced rights offering equity financing (the "Offering") resulting in approximately $2,500,000 in gross proceeds to the company. The Offering was designed to give record shareholders the opportunity to invest directly in the company at a set price, with additional warrants to support the company’s capital raise (which will be used for its continued expansion in the burgeoning cannabis industry). “I am proud to lead an organization where our shareholder base strongly supports our mission of growth, as illustrated by the participation in this offering,” said GrowLife CEO Marco Hegyi.

  • GlobeNewswire5 months ago

    GrowLife, Inc. Appoints Industry Veteran William Blackburn as President of Product Development Division GrowLife Innovations

    GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced that it has named William “Billy” Blackburn as President of the company’s product development division, GrowLife Innovations. Blackburn has extensive experience in commercial cannabis cultivation and is the Founder and CEO of the company’s most recent acquisition, EZ-Clone Enterprises, Inc.

  • GlobeNewswire5 months ago

    GrowLife, Inc. Reminds Shareholders that Rights Offering Deadline Expires November 30, 2018

    GrowLife, Inc. (PHOT), one of the nation’s most recognized indoor cultivation product and service providers, today reminded shareholders that the deadline to participate in its previously disclosed rights offering (the “Offering”) is Friday, November 30, 2018. The Offering provides shareholders the opportunity to invest directly into PHOT through the purchase of units at a set price of $0.012. Each unit consists of one share of common stock along with additional warrants, with details below.

  • Business Wire5 months ago

    GrowLife, Inc. Reminds Shareholders That Rights Offering Deadline Was Extended until November 30, 2018

    GrowLife, Inc. (PHOT), one of the nation’s most recognized indoor cultivation product and service providers, today reminded shareholders that the deadline to participate in its previously disclosed rights offering (the “Offering”) is Friday, November 30, 2018. The Offering provides shareholders the opportunity to invest directly into PHOT through the purchase of units at a set price of $0.012. Each unit consists of one share of common stock along with additional warrants, with details below.