Last $0.10 USD
Change Today 0.00 / 0.00%
Volume 1.5M
PHOT On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

growlife inc (PHOT) Snapshot

Open
$0.10
Previous Close
$0.10
Day High
$0.10
Day Low
$0.08
52 Week High
03/17/14 - $0.78
52 Week Low
07/15/14 - $0.01
Market Cap
76.9M
Average Volume 10 Days
3.5M
EPS TTM
$-0.08
Shares Outstanding
809.4M
EX-Date
02/24/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GROWLIFE INC (PHOT)

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growlife inc (PHOT) Details

GrowLife, Inc. manufactures and supplies branded equipment and expendables for urban gardening in the United States. The company offers equipment and expendables, such as nutrients and soils for the growing of medical marijuana. It also distributes and sells approximately 3,000 products, including the Stealth Grow line of LED lighting products and SG Sensors automated lighting and growing equipment through its on-line distribution channels, such as Greners.com; and through its seven retail storefronts. In addition, the company manufactures plant growing systems, as well as a line of accessories, including nutrients, media, timers, and controls. Further, it supplies a range of hydroponic equipment through online channels; owns and operates seven specialty hydroponics stores; and operates cannabis.org, an information portal for the medical marijuana industry. GrowLife, Inc. is headquartered in Seattle, Washington.

47 Employees
Last Reported Date: 06/27/14

growlife inc (PHOT) Top Compensated Officers

President and Director
Total Annual Compensation: $10.8K
Compensation as of Fiscal Year 2013.

growlife inc (PHOT) Key Developments

John Genesi Resigns as Chief Financial Officer of Growlife Inc

On July 15, 2014, Growlife, Inc. entered into a severance agreement with Mr. John Genesi whereby Mr. Genesi resigned as chief financial officer and the Parties cancelled the executive employment agreement dated November 3, 2013. The company agreed to issue 6,000,000 shares of restricted common stock, pay cash severance of six months of compensation payable monthly and provide health insurance benefits for six months from the termination date.

Growlife, Inc. Announces Strategic Partnership with CANX USA LLC

GrowLife announced a new strategic partnership with CANX USA LLC (CANX). The partnership with CANX provides financial resources to GrowLife under an expanded joint venture agreement that will support the Company's national expansion, and mergers and acquisitions (M&A) initiatives. Also announced is an enhanced strategic partnership between GrowLife and CANX. The partnership, as agreed to under an amended joint venture, increases funding resources to three new and significant channels for GrowLife. In addition to its expansion efforts, GrowLife will apply these new funding resources to high-value, cash-flowing mergers and acquisitions that are critical to the business. Under this partnership, CANX agrees to provide GrowLife with $10 million in working capital with secured loans, $12 million in GrowLife-direct M&A capital resources, and joint venture M&A financing exceeding the $40 million cap, imposed by the previous arrangement. All transactions must be approved by the joint venture and meet a pre-determined deal criteria.

Growlife Seeks Acquisitions

Growlife, Inc. (OTCPK:PHOT) will apply the new funding resources to high-value, cash-flowing mergers and acquisitions that are critical to the business.

 

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Industry Analysis

PHOT

Industry Average

Valuation PHOT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 11.4x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 11.6x
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