Growlife Inc (OTCBB:PHOT) is a tiny and lesser known play in the cannabis space that has been largely under-performing the broader sector. However, over the past four days, the stock has reclaimed respectability back above the $0.01 level – out of the sub-penny depths – and started to charge higher. The stock has powered more than 100% higher in that time, and just announced the launch of the GrowLife Retail License Program to close out 2016 on the last day of trading.
According to the company’s release, “The recent elections validated the nationwide demand for indoor cultivation by commercial growers as well as consumers. GrowLife’s Retail License Program repositions the Company to serve States with laws that support such cultivation, as well as addressing the increasing demand for indoor farming of healthier and localized fruits and vegetables. This groundbreaking program will work with independent business partners to license the GrowLife brand and work with the Company’s core team to open GrowLife branded stores. These stores will be either new stores or stores within existing retail outlets, creating a GrowLife store-within-a-store to introduce hydroponics products to their customers.”
Growlife Inc (OTCBB:PHOT) trumpets itself as the next in line as the nation’s largest cultivation service provider for cultivating organics, herbs and greens and plant-based medicines.
Their stated mission is to “best serve more cultivators in the design, build-out and expansion of their facilities with products of high quality, exceptional value and competitive price. Through a nationwide network of local representative, regional centers and its e-Commerce team, GrowLife provides essential goods and services including media (farming soil), industry-leading hydroponics equipment, plant nutrients, and thousands more products to specialty grow operations in 17 states.”
GrowLife is headquartered in Seattle, WA and was founded in 2012.
According to company materials, “GrowLife, Inc. aims to become