Connect with us


Growlife Inc (OTCMKTS:PHOT) Makes New Addition To Consumer Leadership; Reports Around 100% Year-Over- Year Growth In Fourth Quarter



Growlife Inc (OTCMKTS:PHOT) recently announced that Lauren Schmitt has been promoted to the post of Vice President of the Consumer Division of the company and will be a part of the management of the e-commerce sales platform of the company in both Canada and the United States. The most recognized indoor cultivation product and service Provider Company of America announced major gains through its financial results for the fourth quarter ending on December 31, 2017. Recently, it also declared the company’s first-quarter financial reports for the current year.

PHOT Reports Highlight Revenue Increase in 2017

The fiscal fourth-quarter report also highlights the recent operational accomplishments of PHOT. As per the report, the Kirkland, Washington-based company showed a strong growth all through the last year with the quarter two financial results showing an increase in the year over year revenue by 99%, the third quarter increase by 231% and the fourth quarter year over year revenue increase by 131% as compared to the results of the same quarters in 2016.

The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!

Overall it was a profitable year for PHOT as the financial report also indicates that the company has managed to cut down the operating losses, register increase in the margins and overall improvement in the balance sheet. The report also says that the overall payables have also reduced by almost half. And the win-win situation has continued even in 2018 with the first-quarter financial report of this year revealing that the year over year increase in revenue for the first quarter was 52%.

The CEO of GrowLife, Marco Hegyi said, “We are proud to announce our major revenue increase and debt pay down as the Company continues to build momentum and provide increased value to our shareholders.”

PHOT Confident of Expanding In Lauren’s Leadership

Hegyi said that after working with Lauren for more than five years now the company has become extremely confident of her leadership qualities and that she will be a great addition to the management team. The CEO of the company said that Lauren’s addition will help facilitate the further expansion of the company’s direct to consumer sales channel.

According to Hegyi, the company expects to rapidly expand its existence in the indoor cultivation market under the leadership of Laurel as she completely understands the PHOT products and the industry as well as possess the required skill to extract maximum efficiency from the team.

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!


Learn More About PLSI at your brokerage today!




Cronos Group Inc. (NASDAQ:CRON) Pops On Altria Acquisition Talk After Q3 Net Loss Disappointment

Cronos Group Inc. (NASDAQ:CRON) is skyrocketing up the charts having emerged it is an acquisition target of Marlboro cigarette-maker Altria...

Business6 days ago

American Green Inc (OTCMKTS:ERBB) Kicks Off December On Rough Patch

American Green Inc (OTCMKTS:ERBB) seems to have started the month of December on a rather dull pace after closing the...

Business2 months ago

The Sales Growth Trend Persists for PotNetwork Holdings Inc (OTCMKTS:POTN)

PotNetwork Holdings Inc (OTCMKTS:POTN) is perhaps THE juggernaut CBD story, aside from CVSI, over the past 12 months. That is...

Business2 months ago

Hemp Inc (OTCMKTS:HEMP) Looks to Garner Support on Expansion and CBD Talk

Hemp Inc (OTCMKTS:HEMP) shares recently slipped under technical support in the $0.025. The stock has possibly found some bids in...


How to View the Current Action in Hemp Inc (OTCMKTS:HEMP)

One stock that has started to key on potential support in a lateral range is Hemp Inc (OTCMKTS:HEMP). The stock...


Near-Term Headwinds Hit Scotts Miracle-Gro Co (NYSE:SMG) With A Huge Impact

Bank of America Corp (NYSE:BAC) has disclosed that Scotts Miracle-Gro Co (NYSE:SMG) has lately been experiencing several near term risks....


Argitek Holdings Inc (OTCMKTS:AGTK) To Focus On Acquisition, Revenues & Profitability In 2018

Argitek Holdings Inc (OTCMKTS:AGTK) recently revealed that in 2018, the company’s main focus will be the acquisition, revenues, and profitability....


PharmaCyte Biotech Inc (OTCMKTS:PMCB) Completes Pore Size Studies & 29 Tests Useful In Pancreatic Cancer Therapy

PharmaCyte Biotech Inc (OTCMKTS:PMCB) has said that the cells it is planning to use in the clinical trial in patients...


Puration Inc (OTCMKTS:PURA) To Apply For Canadian Recreational Cannabis Cultivation License; To Give EVERx CBD Sports Water Free Samples

Puration Inc (OTCMKTS:PURA) recently announced that it will be applying for the Canadian recreational cannabis cultivation license. The confirmation came...


Marijuana Company Of America Inc (OTCMKTS:MCOA)’s JV Completes 10,000 Sq. Ft. Greenhouse Set up; Provides Update on Oregon Project

Marijuana Company Of America Inc (OTCMKTS:MCOA) recently announced that its Joint Venture with Bougainville Ventures Inc. based in Washington has...


Create a future where the human body can repair, restore, and rejuvenate itself


Trading Symbol


The Next Big Global Cannabis Play