PHOT - GrowLife, Inc.
| Previous Close | 0.0036 |
| Open | 0.0033 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.0033 - 0.0037 |
| 52 Week Range | 0.0032 - 0.0226 |
| Volume | 897,032 |
| Avg. Volume | 6,653,563 |
| Market Cap | 13.159M |
| Beta (3Y Monthly) | -0.58 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0030 |
| Earnings Date | Aug 12, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
GrowLife CEO Releases Details on CBD Hemp Clone Sales Strategy
KIRKLAND, Wash., Sept. 13, 2019 -- GrowLife, Inc. (OTC: PHOT), one of the nation’s leading plant cultivation and cannabis/hemp cloning solution providers, today announced the.
- Benzinga
GrowLife Secures $2.5M To Bring CBD-Rich Hemp Clones To Market
Estimates say that the CBD market in the U.S. will reach almost $24 billion by 2023 depicting an ever-growing need for hemp-derived CBD products. The new funding of $2.5 million will allow Growlife to pay its existing debt, expand the current base business and to present new high-margin CBD-hemp clones to its network of plant cultivators. “With the federal legalization of hemp and nationwide demand for CBD increasing, the need for high yield, CBD-rich hemp has never been greater and we have an unprecedented opportunity to supply these farmers with the clones they need to start their plants through EZ-CLONE,” Marco Hegyi, GrowLife CEO and President, said in a statement.
- GlobeNewswire
GrowLife, Inc. to Exhibit at MJBizCon International in Toronto
GrowLife, Inc. (PHOT), one of the nation’s leading plant cultivation and cannabis/hemp cloning solution providers, announced today the Company will exhibit at MJBizCon International September 4-6, 2019 in Toronto, Ontario at booth #105. The renowned show will provide the Company with the opportunity to further showcase its innovative products, including the EZ-Clone Pro commercial cloning unit. The MJBizCon International show is a unique chance for the Company to network with industry executives, learn more about trends in the marketplace and connect with companies with similar goals.
- GlobeNewswire
GrowLife, Inc. Reports Over $4.4m in Revenue in First Six Months of 2019 Compared to $4.6m in Revenue for ALL of 2018
GrowLife continues to experience growth due to the successful integration of recently acquired EZ-CLONE Enterprises, Inc. and increased demand for cloning products for use in hemp CBD products. KIRKLAND, Wash. , Aug. 12, 2019 (GLOBE NEWSWIRE) -- GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced financial results for the period ending June 30, 2019, and provided an overview of recent operational highlights from that quarter and the first half of 2019.
- GlobeNewswire
GrowLife, Inc. Announces Second Quarter Filing Date and Schedules Investor Conference Call for Aug. 12, 2019
GrowLife, Inc. (PHOT), one of the nation's most recognized indoor cultivation product and service providers, today announced that the Company will file its second quarter financial and operational results filing on Aug. 9 and has scheduled an investor conference call for 4:30 PM ET on Monday, Aug. 12. GrowLife CEO Marco Hegyi will provide updates on financial and operational performance of the Company in the second quarter of 2019, share some recent developments in terms of strategic positioning and will finish his prepared remarks with a discussion on where the company is headed for the remainder of the year and into the future. Interested parties have the opportunity to submit questions regarding the Company prior to the call to Stuart Smith at SmallCapVoice.Com, Inc. via email: ssmith@smallcapvoice.com by 12:00 PM ET on Friday, Aug. 9.
- GlobeNewswire
GrowLife, Inc. EZ-CLONE Pro Commercial Propagation System on Display at The California State Fair
The 459-site plant cloning system, which was designed to allow plant cultivators to clone industry-leading volumes of consistent and high-quality plants, was developed by GrowLife’s recently majority acquired EZ-CLONE Enterprises, Inc. The system on display at the California State Fair is located in the Agricultural area of the exposition and is currently growing potato clones. This unit offers a direct example of the plant consistency the system offers.
- GlobeNewswire
GrowLife, Inc. Launches Hemp Focused EZ-CLONE Platform to Serve as Leading Industrial Hemp Cloning Resource
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 new platform for the Company’s recently majority acquired EZ-CLONE Enterprises, Inc. (EZ-CLONE) cloning and propagation company to serve as the commercial hemp cloning industry’s resource for innovation. With the increase in demand for hemp clones as the market continues to expand, the new platform, ezclonehemp.com, is now set to be a trusted resource for cultivators to seek products and education on plant cloning and propagation, specifically designed for hemp growers.
- GlobeNewswire
GrowLife, Inc. Receives Patent Issuance on Commercial Cloning System Designed for Hemp and Cannabis Industries
GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced that the Canadian patent regulatory authority issued the Company a patent on the design of its EZ-CLONE Pro Commercial Cloning System entitled “Aeroponics System with Rack and Tray” under patent number 2,985,009. The innovative product was developed by GrowLife’s recently majority acquired EZ-CLONE Enterprises, Inc. which specializes in the manufacturing of cloning and propagation equipment.
- GlobeNewswire
GrowLife, Inc. Announces Presenting Sponsorship of Inaugural CannGrow Expo in Expanding Oklahoma Market
GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced that GrowLife, along with its EZ-CLONE brand, will be the presenting sponsor of the first-ever CannGrow Expo in Oklahoma City, Oklahoma, October 17-19, 2019.
- GlobeNewswire
GrowLife, Inc. Announces Partner Agreement with Cannabis Technology Company to add Spectral Imagery to EZ-CLONE Systems
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 entered a partner agreement with award-winning cannabis technology Emerald Metrics, LLC to add proprietary technology to the Company’s cloning and propagation product line.
- GlobeNewswire
GrowLife, Inc. to Attend MJBizConNEXT in New Orleans as Demand for Cannabis Industry Technology Increases
GrowLife, Inc. (PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced that GrowLife, Inc. will exhibit at MJBizConNEXT from June 12 through 14, 2019 in New Orleans, Louisiana at booth 937. While at MJBizConNEXT, GrowLife will have the opportunity to meet with business executives, leading cultivators and industry innovators to discuss where the industry is headed and how GrowLife’s recently majority acquired EZ-CLONE Enterprises, Inc. (EZ-CLONE) is leading the charge of technological advances in cloning and propagation solutions for the industry. “As GrowLife continues to expand its footprint across North America, we look forward to growing our B2B network of cannabis and hemp cultivators and showcasing our leading propagation solutions,” said GrowLife Executive Vice-President of Research & Development William “Billy” Blackburn.
- ACCESSWIRE
GrowLife, Inc. to Present at the Planet MicroCap Showcase 2019 on May 1 in Las Vegas, NV
KIRKLAND, WA / ACCESSWIRE / May 1, 2019 / GrowLife, Inc. (OTC PINK: PHOT) (''GrowLife'' or the ''Company''), one of the nation's most recognized indoor cultivation product and service providers, will present at the Planet MicroCap Showcase at on Wednesday, May 1, 2019 and will conduct 1on1 meetings on May 2, 2019. GrowLife will be presenting during the Microcap Company Presentations II session to demonstrate the Company's strategic plan for the future and how the company is helping fill the large demand for cannabis and hemp-based products, an industry that is expected to reach $16 billion by 2025. GrowLife will also discuss its EZ-CLONE Pro commercial propagation solution, manufactured by recently majority acquired asset EZ-CLONE Enterprises, Inc. (EZ-CLONE).
- GlobeNewswire
GrowLife, Inc. to Present at the Planet MicroCap Showcase 2019 in Las Vegas
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 presenting at the Planet MicroCap Showcase 2019 on Wednesday, May 1, 2019, at 1:30 p.m. PST in Las Vegas, Nevada. GrowLife will be presenting during the Microcap Company Presentations II session to demonstrate the Company’s strategic plan for the future and how the company is helping fill the large demand for cannabis and hemp-based products, an industry that is expected to reach $16 billion by 2025. GrowLife will also discuss its EZ-CLONE Pro commercial propagation solution, manufactured by recently majority acquired asset EZ-CLONE Enterprises, Inc. (EZ-CLONE).
- InvestorPlace
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.
- GlobeNewswire
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.
- Benzinga
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.
- GlobeNewswire
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.
- GlobeNewswire
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.
- Benzinga
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.
- GlobeNewswire
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.
- GlobeNewswire
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.
- GlobeNewswire
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.
- GlobeNewswire
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.
- GlobeNewswire
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.
