GrowLife Expands Cannabis Presence to Include GrowLife Infrastructure Funding & Technology Program (GIFT)
WOODLAND HILLS, Calif., Oct. 14, 2013 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry including online and brick and mortar hydroponic stores, OEM grow equipment, commercial grow-op support, and media, is pleased to announce that the Company is expanding its products and services to include the GrowLife Infrastructure Funding & Technology program (GIFT) for select customers in Colorado and Washington. The program is expected to include several other states before the end of the fiscal year.
"GrowLife's engagement and role within the quickly evolving cannabis industry has expanded recently," stated GrowLife, Inc. CEO Sterling Scott, "And we are responding to events through targeted offerings of an infrastructure leasing program for select customers. Our infrastructure program allows fully-licensed and compliant growers and dispensaries to spread the cost of infrastructure builds over and up to a 5 year period in exchange for a sole-source relationship, and is expected to drive increased business to our core business units. This new business division will be serviced and implemented from our specialized brick and mortar shops across the country."
The GIFT program has been designed to allow GrowLife to create highly desirable margins while continuing to grow its market share and retail store footprint across the country. Additionally, as the GIFT program allows customers to conserve capital, it will also foster brand loyalty by allowing select GrowLife GIFT partners to receive Company warrants at a modest discount to market price. In turn, these GIFT customers will provide a portion of gross revenue from their GIFT enhanced operations for the period of their participation in the program.
"Our data and survey of the market in the post Department of Justice position change era has indicated a tremendous desire to build quickly and garner market share," added Scott. "We firmly believe the industry is hungry for the right opportunities to expand rapidly and GrowLife is keen to assume the leadership position in supplying that demand."
A GrowLife Investor Presentation can be viewed online at http://growlifeinc.com/growlife-presentations-october-2013/
To view GrowLife's Cannabis.org Facebook page and TELL THE TRUTH movement please visit: https://www.facebook.com/tellthetruthfederalgovernment
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Greners.com, the online hydroponics superstore (www.greners.com), Phototron, producer of hydroponic grow containers, which are designed to grow vegetables, herbs, flowers and fruits in any environment (www.phototron.com) as well as bricks and mortar retailers Urban Garden, Rocky Mountain Hydroponics and Evergreen Garden Center (www.rmgardener.com).
WOODLAND HILLS, Calif., Oct. 14, 2013 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry including online and brick and mortar hydroponic stores, OEM grow equipment, commercial grow-op support, and media, is pleased to announce that the Company is expanding its products and services to include the GrowLife Infrastructure Funding & Technology program (GIFT) for select customers in Colorado and Washington. The program is expected to include several other states before the end of the fiscal year.
"GrowLife's engagement and role within the quickly evolving cannabis industry has expanded recently," stated GrowLife, Inc. CEO Sterling Scott, "And we are responding to events through targeted offerings of an infrastructure leasing program for select customers. Our infrastructure program allows fully-licensed and compliant growers and dispensaries to spread the cost of infrastructure builds over and up to a 5 year period in exchange for a sole-source relationship, and is expected to drive increased business to our core business units. This new business division will be serviced and implemented from our specialized brick and mortar shops across the country."
The GIFT program has been designed to allow GrowLife to create highly desirable margins while continuing to grow its market share and retail store footprint across the country. Additionally, as the GIFT program allows customers to conserve capital, it will also foster brand loyalty by allowing select GrowLife GIFT partners to receive Company warrants at a modest discount to market price. In turn, these GIFT customers will provide a portion of gross revenue from their GIFT enhanced operations for the period of their participation in the program.
"Our data and survey of the market in the post Department of Justice position change era has indicated a tremendous desire to build quickly and garner market share," added Scott. "We firmly believe the industry is hungry for the right opportunities to expand rapidly and GrowLife is keen to assume the leadership position in supplying that demand."
A GrowLife Investor Presentation can be viewed online at http://growlifeinc.com/growlife-presentations-october-2013/
To view GrowLife's Cannabis.org Facebook page and TELL THE TRUTH movement please visit: https://www.facebook.com/tellthetruthfederalgovernment
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Greners.com, the online hydroponics superstore (www.greners.com), Phototron, producer of hydroponic grow containers, which are designed to grow vegetables, herbs, flowers and fruits in any environment (www.phototron.com) as well as bricks and mortar retailers Urban Garden, Rocky Mountain Hydroponics and Evergreen Garden Center (www.rmgardener.com).
