Advertisement

Topics

GrowLife, Inc. Secures Equity Financing Enabling Continued Growth and Expansion

12:02 EST 15 Feb 2018 | Businesswire

GrowLife, Inc.

Leading Cultivation Service Provider Secures Equity Financing Deal, Signaling Strong Confidence from Investment Partners

GrowLife, Inc. (PHOT) (“GrowLife”), one of the nation’s most recognized indoor cultivation service providers, today announced that it closed an equity financing deal with longtime institutional investor Chicago Venture Partners (“CVP”), a leading provider of capital to emerging and growth-stage small cap companies, on February 9, 2018. The terms of the deal include CVP purchasing shares of common stock priced at $0.021 per share, 15% above the trailing five-day average at $0.021 per share. Additionally, as a part of the deal, the Company issued warrants to purchase stock to CVP that were priced at $.05 per share.

“This investment of capital provides GrowLife with greater opportunities in marketing, sales and product development during what we believe is the most important year in the history of our company and industry,” said Marco Hegyi, CEO of GrowLife, Inc. “It is extremely exciting to have a long-term investor such as CVP who truly understands the potential of the Company and our strategy and believes in it so much that they were willing to invest at a premium price. Our 2018 growth strategy is in full swing and this deal will propel our efforts forward in our mission to capture a large market share of the emerging indoor cannabis cultivation market.”

For more information about GrowLife, Inc. please visit the company’s website. Products can be purchased at GrowLifeEco.com. Additional commentary on the Company and the industry as a whole can be found on the CEO’s blog.

For further information on this financing activity, please reference the 8-K filed with the OTC.

About GrowLife, Inc.

GrowLife, Inc. (PHOT) aims to become the nation’s largest cultivation service provider for cultivating organics, herbs and greens and plant-based medicines. Our mission is to help make our customers successful. Through a network of local representatives covering the United States and Canada, regional centers and its e-Commerce team, GrowLife provides essential goods and services including media, industry-leading hydroponics and soil, plant nutrients, and thousands more products to specialty grow operations. GrowLife is headquartered in Kirkland, Washington and was founded in 2012.

CMW Media
Cassandra Dowell, 858-264-6600
cassandra@cmwmedia.com
www.cmwmedia.com
or
Investor Relations Contact:
info@growlifinc.com

NEXT ARTICLE

More From BioPortfolio on "GrowLife, Inc. Secures Equity Financing Enabling Continued Growth and Expansion"

Advertisement
Quick Search
Advertisement
Advertisement

 

Relevant Topics

The Top 100 Pharmaceutical Companies
Top 10 biotech and pharmaceutical companies worldwide based on market value in 2015 2015 ranking of the global top 10 biotech and pharmaceutical companies based on revenue (in billion U.S. dollars) Johnson & Johnson, U.S. 74...

Nutrition
Within medicine, nutrition (the study of food and the effect of its components on the body) has many different roles. Appropriate nutrition can help prevent certain diseases, or treat others. In critically ill patients, artificial feeding by tubes need t...