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Growlife Inc (OTCMKTS:PHOT) Starts A New Retail Location In Canada

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Growlife Inc

Growlife Inc (OTCMKTS:PHOT) reported that the firm has started a new retail site in Canada in order to fulfill the demands of the expanding Canadian cannabis grow market. The store will offer company’s full suite of offerings for its organic and hydroponic growing consumers of all sizes. Besides conventional retail product offering, the company will staff the site with industry professionals who will train and educate its consumers on efficient cultivation and growing practices. This assist the firm achieve its mission of assisting its consumers become successful cultivators.

The details

Growlife has continued increasing its market share in Canada over last few months as the legalized cannabis industry advances and intends on reaching new professional and private growers in the nation as the regulatory environment moves toward legalization. The count of medical marijuana patients in the nation has tripled in 2016 and as of July 2018, all residents, 19 years of age and over in Canada will be legally permitted to grow up to four crops in the privacy of their houses.

This has led in a 20% jump in the number of approved medical marijuana producers in the nation. Growlife’s product offering is intended to fulfill the needs of growers of any size, from home grows to commercially licensed producers providing services such as room design, equipment fulfillment, regulatory compliance support and educational consulting.

Marco Hegyi, the CEO of Growlife, expressed that they are extremely thrilled to achieve this milestone in their global expansion initiatives into Canada. They have been tracking the Canadian market closely and witness a remarkable potential as the regulatory structure for cannabis changes. The company will be able to offer services to the smaller home cultivator and provide new and established LPs the support they require to grow by lowering costs while maintaining quality. Deloitte projects the Canadian market showcases a base retail value in a range of $4.9 billion to $8.7 billion.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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