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Growlife Inc (OTCMKTS:PHOT) Submits A Provisional Patent On A Unique Process

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Growlife Inc (OTCMKTS:PHOT) reported that it has submit a provisional patent with the USPTO, through its subsidiary unit GrowLife Innovations, on a unique novel procedure to repurpose waste crop materials into construction materials and other items for use in indoor grow centers.

The buzz

The patent provides for a procedure of making left-behind fibrous crop materials into polymer composites. Marco Hegyi, the CEO of Growlife, expressed that this proprietary procedure will provide the entire market with a sustainable solution to an issue that is going to deteriorate as demand for plant-based items increases which has hardly been noted and will have a massive impact on profitability of growers in the future.

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!

Growers are being held accountable for disposal of these used crop materials at a big cost to them with almost no options for reuse of these materials. This patent will help them to continue to fulfill the needs of their consumers while furthering their objective of helping them enhance their revenue while maintaining low costs, further positioning company as the go-to solution for unique indoor grow services, technologies and products.

As the regulatory setup for cannabis production in the U.S. shifts to support consumer demand and legalization for concentrates and oils increases, presently forming around 20% of all legal pot sales and expanding at a rate of 125%, as per BDS Analytics, the amount of crops produced for extraction will remain to rise. Experts project that 80% or more of crop material is wasted after the extraction and processing of concentrates and oils from cannabis crops.

Depending on some projections that the United States yields 22 million pounds of pot each year, waste of post-extracted crops could be projected to be more than 17 million pounds each year. David Reichwein, the VP of R&D for Growlife, expressed that they advanced this procedure to help achieve their objective of making their consumers increasingly efficient in their production.

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!

         

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