First US GIFT recipient: LEAF ASPEN Link:https:/

First US GIFT recipient: LEAF ASPEN

Link:https://trading.scottrade.com/quotesresearch/ScottradeResearch.aspx?page=%2fqnr%2fStocks%2fArticle%3fdockey%3d1-SN20140304006988-4APORECGOAR7F94L282FJS7FNI

GrowLife Completes First Colorado G.I.F.T. Transaction with Premier Medical Cannabis Dispensary, LEAF Aspen
36 minutes ago - DJNF

WOODLAND HILLS, Calif., March 4, 2014 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, is pleased to announce the completion of its first GIFT transaction with CMMS, Inc., known better in the Colorado mountain ski communities as LEAF Aspen and Fat City Test Kitchen.

The GrowLife Infrastructure Funding and Technology program (GIFT) allows fully-licensed and compliant growers and dispensaries in well-regulated cannabis markets to spread the cost of infrastructure builds over time. The GIFT program is intended to facilitate near term infrastructure needs paired with long term exclusive supply relationships for the expendables required by fully licensed growers and dispensaries.

"LEAF Aspen is a preeminent name in medicinal cannabis in Aspen, Colorado, a top company that we're pleased to support through the GIFT program," said Sterling Scott, CEO, GrowLife Inc. "By providing LEAF Aspen with the tools they need to expand, GrowLife has found a terrific long-term partner. This is the exact type of partner we had in mind when developing the program, and is the first of many we hope to support in the industry."
From time to time, GrowLife may collaborate with commercial real estate oriented companies and partnerships, including REIT's, in connection with GIFT transactions. We are pleased to acknowledge Articulated Investors, a New York based firm, in the transaction involving LEAF Aspen.

"Articulated Investors is delighted to have been able to purchase real estate on behalf of the talented team at LEAF Aspen," says Jake Schrader, Co-President of Articulated Investors. "We have enormous confidence in their ability to manage the complexities of a state of the art cultivation facility. Our real estate investment decision was made substantially easier by the knowledge that GrowLife was also planning on working with them through a GIFT program deal."
For more information on GIFT visit: http://yhoo.it/1fzRcaV
For more information on LEAF Aspen visit: http://leafcolorado.com/

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Takeaway : Less than a month after the raise is A/S, PHOT announces a second GIFT transaction, officially quelling any rumors about the legality of the program in the U.S.

GrowLife will be providing equipment to Leaf Aspen, a fully compliant grower in Colorado

Articulated Investors purchased the real estate for Leaf Aspen... this in and of itself does not implicate GrowLife.

Leaf Aspen is expanding their growing operation, and they wanted PHOT as a partner.