In exchange for the rights listed above, and others, GrowLife will issue to designated CEN Biotech shareholders a total of 235,294,118 shares of restricted GrowLife common stock, the equivalent of $40 million at $0.17 per share, after CEN Biotech is formally approved to produce and harvest cannabis by the appropriate Canadian authorities. The shares will be issued only if CEN Biotech receives final approval (License) to grow and sell marijuana as currently planned, which means any issuance will likely be months in the future and closer to when there are revenue opportunities for CEN Biotech and therefore GrowLife. If these shares are ultimately issued, GrowLife will be obligated to register them under applicable federal and state securities laws
This is now $176 Million for FIXT and climbing! Does anyone understand how big this deal is going to be. At the rate PHOT is climbing, Those share with be worth more than our entire market cap. It has not even been factored into our price yet.
Sooner or later this will be known by all. Probably why the idiot from Seeking Alpha purposely spewed out the mis information. Someone big is still accumulating under .10. Once the street gets this deal right look out above! All IMO! Happy St. Pats day to all, JOHN
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