GrowLife Inc. (OTCQB: PHOT), a provider of highly effective indoor growing technologies and unique lifestyle brands, has been building its hydroponics empire over the past year. With the acquisition of online stores, retail locations, and new products, the company projects an annualized sales run rate of $8 million during FY 2013 as these projects gain traction in the marketplace.
And, it all couldn’t come at a more perfect
time, with interest in medical marijuana at all time highs. CNN’s new
documentary by physician and reporter Dr. Sanjay Gupta, "Weed", highlighted
many of these trends on Sunday night, arguing that physicians have been quietly
supporting medical marijuana for years and the government’s position may simply
Investors looking to capitalize on these trends have many options, including companies like HEMP Inc. (OTCQB: HEMP), Medical Marijuana Inc. (OTC Markets: MJNA), and Medbox Inc. (OTC Markets: MDBX). But with its rapidly growing revenues and narrowing bottom-line, GrowLife may offer the best opportunity in the sector. The combination of having both award winning technologies and having a product line that is 100% legal in all 50 states, makes GrowLife particularly attractive.
Read the full GrowLife press release below:
(PHOT), a provider of highly effective indoor growing technologies and unique
lifestyle brands, upon review of CNN's documentary 'Weed' which aired Sunday
night, publicly applauds the groundbreaking program. The documentary was
created by nationally acclaimed physician and CNN reporter Dr. Sanjay Gupta.
"Dr. Gupta, in a most public way, has put forth the argument that thousands of physicians have been quietly making for years backed by hundreds of scientific and academic studies," stated GrowLife CEO, Sterling Scott. "For this highly respected doctor using the most trusted name in news for his forum to state unequivocally that he apologizes for his previous non-supportive position for cannabis and to add 'We've been terribly misled' is incredibly important."
"This powerful, well-informed program is also remarkably consistent with a new initiative at GrowLife," added Scott. "I am pleased to announce a political action initiative urging the federal government to "TELL THE TRUTH about marijuana as medicine. As Dr. Gupta explained in "Weed", the federal governments' official position that marijuana has zero medical value is simply and demonstrably wrong. GrowLife is sponsoring this political action initiative through our team at http://www.cannabis.org/ starting with the national TELL THE TRUTH about marijuana as medicine campaign which will launch at the end of August."
interest in the Cannabis.org/TELL THE TRUTH campaign on Facebook has been
robust with a simple Facebook group rising to over 13,000 followers in just a few
weeks. For a preview, and to see the hundreds of national and
regional organizations that Dr. Gupta now joins in supporting state medical
marijuana programs visit: https://www.facebook.com/tellthetruthfederalgovernment
A very short list of national organizations that have already come out in support of medical
marijuana programs includes:
- The American Nurses Association
- The United States Conference of
- American College of Physicians
- American Cancer Society
- Council of Health Organizations
- American Academy of Family Physicians
- The Episcopal Church
- The Presbyterian Church USA
- The Union of Reform Judaism
- American Public Health Association
- American Bar Association
- Lymphoma Foundation of America
- Progressive National Baptist
- American Psychiatric Association
- National Academy of Sciences Institute of Medicine
- CATO Institute
- National Black Police Association
- National Association of Probation Officers
- National Education Association
- National Council of Churches
interest in and support for the subject is remarkable and we intend to fully
leverage the cyber real estate that is Cannabis.org for the benefit of change
in this country and beneficial exposure for GrowLife as a market leader in the
space," added Scott.
To view the Cannabis.org Facebook page please visit: https://www.facebook.com/tellthetruthfederalgovernment
To view the CNN articles related to "Weed" visit: http://bit.ly/1cNEGnT & http://bit.ly/14yKbpN
For a GrowLife Investor Presentation visit: http://growlifeinc.com/wp-content/uploads/2013/05/PHOT-DECK-4_30_13.pdf
To view a Grassroots Research report on PHOT please visit the link below:
About Emerging Growth LLC:
EGC is a marketing and consulting firm that specializes in creating ongoing communications strategies for public and private companies.
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx
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