GrowLife Plans to Launch New Grow Equipment in February
January 13th, 2014
News, Top Story
GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services addressing the needs or legal cannabis growing and retail operations, has built up a leading presence in the cannabis growing equipment space over the past couple years with its Phototron and Stealth Grow brands. With a growing number of brick-and-mortar and online retail locations, the company sells this equipment throughout the U.S.
This week, the company announced that it would move up the expected launch date for its all-new Stealth Grow line of commercial growing equipment to early February given the increased demand for cannabis-related products following the legalization in Colorado. Commercial customers can purchase the new equipment with attractive financing through the company’s G.I.F.T. program that was announced last year to help cannabis firms expand more rapidly.
Read the full press release here:
GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including its own hydroponic and lighting growing equipment, announces that the Company has moved up its expected launch date for its all-new Stealth Grow® line of commercial growing equipment, to early February, 2014.
The Company has been perfecting new Stealth Grow® brand products for months that will include reflectors, T5 florescent lights, grow tents, timers, pumps and more available exclusively at GrowLife retail locations and at its online sites, Greners.com and 58Hydro.com. The new line will allow GrowLife to expand margins in future G.I.F.T. transactions by capturing increased revenue with its new proprietary line.
“Our product team has been able to expedite the production and delivery of this cutting-edge equipment to service what is clearly a growing market demand,” stated Marco Hegyi, President, GrowLife, Inc. “With the recent legalization of recreational cannabis in Colorado, news reports continually point to demand exceeding supply. As a result, we believe that this shortage will further increase the need and desire for legal growing. We are eager to provide legal growers, through our retail and online sales channels, with more choices and improved technology to better serve consumers and patients.”
GrowLife’s Stealth Grow® products have been available for years addressing the professional indoor growing market using low-power consuming LED lights and panels. More information on Stealth Grow® can be found at stealthgrow.com
A GrowLife Investor Presentation can be viewed online at http://growlifeinc.com/growlife-presentations-october-2013/
From time to time, GrowLife will provide market updates and news via its websites GrowLifeInc.com, Cannabis.org or the Company’s Facebook page at https://www.facebook.com/tellthetruthfederalgovernment
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software. The Company provides these solutions in our nationwide retail network, as well as online sites Greners.com, Phototron.com and 58Hydro.com. The Company also operates the political and social forum, Cannabis.org
Cautionary Language Concerning Forward-Looking Statements
This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for GrowLife’s products, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in GrowLife’s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting GrowLife, Inc. please refer to the Company’s Securities and Exchange Commission filings, which are available at www.sec.gov. GrowLife, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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