WOODLAND HILLS, Calif., Nov. 16, 2012 /PRNewswire/ -- GrowLife, Inc. (PHOT), an industry-leading consortium of high-end gardening and horticulture brands focused on merchandising the "picks and shovels" of the growing "green rush", today announced that it was featured in a recent article written by Bruce Kennedy on MSN Money. The article highlighted how changes in state marijuana laws are encouraging some cannabis-related companies to go public, including GrowLife Inc., Hemp Inc. (HEMP), Medical Marijuana Inc. (MJNA).
Sterling Scott, GrowLife, Inc. CEO, was quoted in the article as saying, "It was almost unthinkable 10 years ago that you would have legitimate, fully reporting to the SEC companies that were in the nature of pure plays, with positions in the medical marijuana industry." Now, Mr. Scott estimates that there are about 10 cannabis-related companies being traded over-the-counter, including GrowLife, Inc. – an established company that sells equipment and expendables.
The full article on MSN Money can be read here:
GrowLife's consortium of companies actively participate in all channels of commerce for distribution and sales, including operating on-line and retail outlets for direct consumer sales and the supply of specialty GrowLife company products to wholesale and retail channels. And, while supporting progressive normalization of cannabis laws, the company does not grow, sell or distribute any substances that violate U.S. law or the Federal Controlled Substances Act.
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (formerly Phototron Holding, Inc.) (www.growlifeinc.com) (PHOT) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Stealth Grow, a producer of grow room automation equipment and hi-powered LED grow light products for indoor horticulture (www.sgsensors.com and www.stealthgrow.com), Greners.com, the online hydroponics superstore (www.greners.com) and Phototron, producer of hydroponic grow containers, which are designed to grow vegetables, herbs, flowers and fruits in any environment (www.phototron.com).
For more information about our public holding company, please visit www.growlifeinc.com.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in GrowLife's filings with the Securities and Exchange Commission. In addition, all industry products are subject to additional uncertainty, including the risks of delay, cancellation and poor critical or financial reception. GrowLife disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
SOURCE GrowLife, Inc.