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Growlife Inc (OTCMKTS:PHOT) Tries To Convince Shareholders Ahead Of Trading Resumption

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Boston, MA, 04/25/2013 (medicalmarijuanareporter.com) –  Growlife Inc (OTCMKTS:PHOT), the cannabis stock that once tasted tremendous height has released a couple of press statements ahead of its resumption of trading today.

Response To General Queries

Firstly, the company’s Chairman and CEO, Sterling C. Scott has proactively issued a series of responses to the general queries of its shareholders relating to it suspense by the Securities Exchange Commission (SEC). The company’s step appears to be an effort to re-strengthen confidence about its business, growth and commitment among its shareholders. Scott noted that the company has been informed by the SEC that it is not subject to any formal or informal investigation at this point of time. Moreover, he added that the suspension is imposed in view of concerns the company’s third-party holders might involve in potentially manipulative practices. Scott assured that the company directly or indirectly is not a part of any promotional activity. Scott went on, noting that Growlife Inc (OTCMKTS:PHOT) has undertaken an internal review of its policies and procedures and finds itself to be in full compliance. In the end, Scott reiterated that the company has a bright future in the industry, while underlining that extraordinary growth comes attached to risks. Scott mentioned that the SEC has not asked the company to furnish any report or detail  so far.

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Establishes Shareholder Support System

In the meanwhile, the company also introduced a new hotline for its shareholders and set up an email communication system for them, in order to increase its support to the shareholders. With the new communication lines, the company will try to satisfy the queries from its stakeholders over the next upcoming days. The measure comes in light of the SEC’s suspension of the stock this month. Since the suspension, Growlife Inc (OTCMKTS:PHOT) has also lost valuable partners like Creative Edge Nutrition Inc, RXNB and CEN Biotech.

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Trading Symbol

OTC: PLSI

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Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Play