GrowLife, Inc. (OTC: PHOT) (formerly Phototron Holdings, Inc.), a leading technology supplier to the hydroponic growing industry today announced that it has acquired and is actively developing Cannabis.Org as an information portal for the medical marijuana industry. Details regarding the creative content, celebrity-sponsor/contributors and release plans will be announced in Q4 2012, closer to the full release of the website.
GrowLife CEO Sterling Scott explained: “There are a very limited number of immediately recognizable portals for our industry like Cannabis.Org. GrowLife is very fortunate that our prominent position in the industry has allowed us this exciting opportunity to promote industry advocacy and events along with links that allow merchandising of technology and lifestyle products. Cannabis.Org will also be a powerful venue for our celebrity sponsors to reach millions of new potential customers in our core demographics.”
SearchCore, Inc. (OTCBB: SRER), (OTCQX: SRER) acquired another highly recognizable industry portal, Marijuana.Com, in a cash transaction for a reported $4,200,000 in November 2011. According to GrowLife CEO Sterling Scott, the rights transfer to GrowLife for Cannabis.Org was a stock only transaction.
GrowLife’s acquisition of Cannabis.Org and its development plans are part and parcel of the continued development of GrowLife, Inc. as a lifestyle company to compliment its premier hydroponic equipment brands.About GrowLife, Inc. GrowLife, Inc. (OTC: PHOT) (formerly Phototron Holdings, Inc.) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Stealth Grow LED producer of hi-powered LED grow light products for indoor horticulture ( www.stealthgrow.com), Greners.com, the online hydroponics superstore ( www.greners.com) and Phototron, producer of hydroponic growing containers, which are designed to grow vegetables, herbs, flowers and fruits in any environment ( www.phototron.com). For more information about our public holding company, please visit www.growlifeinc.com. Cautionary Language Concerning Forward-Looking Statements Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in GrowLife’s filings with the Securities and Exchange Commission. In addition, all entertainment industry products are subject to additional uncertainty, including the risks of delay, cancellation and poor critical or financial reception. GrowLife disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.