GrowLife Inc. (OTCQB: PHOT), a provider of highly effective indoor growing technologies and unique lifestyle brands, has been building its hydroponics empire over the past year. With the acquisition of online stores, retail locations, and new products, the company projects an annualized sales run rate of $8 million during FY 2013 as these projects gain traction in the marketplace.
And, it all couldn’t come at a more perfect time, with interest in medical marijuana at all time highs. CNN’s new documentary by physician and reporter Dr. Sanjay Gupta, "Weed", highlighted many of these trends on Sunday night, arguing that physicians have been quietly supporting medical marijuana for years and the government’s position may simply be wrong.
Investors looking to capitalize on these trends have many options, including companies like HEMP Inc. (OTCQB: HEMP), Medical Marijuana Inc. (OTC Markets: MJNA), and Medbox Inc. (OTC Markets: MDBX). But with its rapidly growing revenues and narrowing bottom-line, GrowLife may offer the best opportunity in the sector. The combination of having both award winning technologies and having a product line that is 100% legal in all 50 states, makes GrowLife particularly attractive.
Read the full GrowLife press release below:
GrowLife, Inc. (PHOT), a provider of highly effective indoor growing technologies and unique lifestyle brands, upon review of CNN's documentary 'Weed' which aired Sunday night, publicly applauds the groundbreaking program. The documentary was created by nationally acclaimed physician and CNN reporter Dr. Sanjay Gupta.
"Dr. Gupta, in a most public way, has put forth the argument that thousands of physicians have been quietly making for years backed by hundreds of scientific and academic studies," stated GrowLife CEO, Sterling Scott. "For this highly respected doctor using the most trusted name in news for his forum to state unequivocally that he apologizes for his previous non-supportive position for cannabis and to add 'We've been terribly misled' is incredibly important."
"This powerful, well-informed program is also remarkably consistent with a new initiative at GrowLife," added Scott. "I am pleased to announce a political action initiative urging the federal government to "TELL THE TRUTH about marijuana as medicine. As Dr. Gupta explained in "Weed", the federal governments' official position that marijuana has zero medical value is simply and demonstrably wrong. GrowLife is sponsoring this political action initiative through our team at http://www.cannabis.org/ starting with the national TELL THE TRUTH about marijuana as medicine campaign which will launch at the end of August."
Initial interest in the Cannabis.org/TELL THE TRUTH campaign on Facebook has been robust with a simple Facebook group rising to over 13,000 followers in just a few weeks. For a preview, and to see the hundreds of national and regional organizations that Dr. Gupta now joins in supporting state medical marijuana programs visit: https://www.facebook.com/tellthetruthfederalgovernment
A very short list of national organizations that have already come out in support of medical
marijuana programs includes:
The American Nurses Association The United States Conference of Mayors American College of PhysiciansAmerican Cancer SocietyCouncil of Health OrganizationsAmerican Academy of Family PhysiciansThe Episcopal ChurchThe Presbyterian Church USAThe Union of Reform JudaismAmerican Public Health AssociationAmerican Bar AssociationLymphoma Foundation of AmericaProgressive National Baptist FoundationAmerican Psychiatric AssociationNational Academy of Sciences Institute of MedicineCATO InstituteNational Black Police AssociationNational Association of Probation OfficersNational Education AssociationNational Council of Churches
"The interest in and support for the subject is remarkable and we intend to fully leverage the cyber real estate that is Cannabis.org for the benefit of change in this country and beneficial exposure for GrowLife as a market leader in the space," added Scott.
To view the Cannabis.org Facebook page please visit: https://www.facebook.com/tellthetruthfederalgovernment
To view the CNN articles related to "Weed" visit: http://bit.ly/1cNEGnT & http://bit.ly/14yKbpN
For a GrowLife Investor Presentation visit: http://growlifeinc.com/wp-content/uploads/201..._30_13.pdf
To view a Grassroots Research report on PHOT please visit the link below:
http://grmarketresearch.com/phot/report.pdf
About Emerging Growth LLC:
EGC is a marketing and consulting firm that specializes in creating ongoing communications strategies for public and private companies.
Disclosure:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx
