WOODLAND HILLS, Calif.
Nov. 9, 2012
GrowLife Inc. (OTCBB: PHOT), an innovative leader in high-end horticulture supply, today announced that it has appeared in numerous major news publications over the past couple of weeks.
Much attention has been drawn this week since voters in
went to the polls and voted to allow the full legalization of marijuana in their states. Voters also approved the use of medical marijuana in several new states, marking a significant milestone for the burgeoning marijuana industry.
This increased attention has led to increased publicity for a number of public companies operating in this industry including GrowLife Inc. (PHOT), Hemp Inc. (OTC Pink: HEMP), and Medical Marijuana Inc. (MJNA).
Some examples of GrowLife's media attention have included:
- SmallCapNetwork's James E. Brumley's article, 2012's Election Is Just as Important for Marijuana as it is Political Parties (CBIS, HEMP, MJNA, PHOT), discusses the media focus on the sector, as well as the traction seen in many stocks.
- CNNMoney's article, Don't Expect a Marijuana Boom Even When It's Legal, notes that shares of marijuana stocks have all had strong gains and the scales may be finally tipping in their direction when it comes to regulations.
- Consumer Affair's Mark Huffman's article, Two States Vote to Legalize Marijuana, quoted GrowLife Inc. CEO Sterling Scott when discussing the benefits of medical marijuana's approval in many states.
, CEO of GrowLife, Inc., "The investment community at large is just starting to be aware of the available business and investment opportunities. Bruce Perlowin, the CEO of fellow public company HEMP, Inc. has referred to this as the 'green rush,' an analogy to the famous
gold rush of 1848.
"This week's vote and associated recent press coverage have demonstrated first of all a distinct trend of national acceptance of the medicinal value of marijuana. Second, the acceptance by voters in
of a lifestyle for adults that can now include recreational use of marijuana. And finally, the ability of state and local government to regulate and tax, helping to add to the tax base, an idea that many social conservatives are behind.
"GrowLife, Inc., our company, has invested strategically and positioned itself to be a top a shelf supplier of the tools of todays green rush with our leading supply of grow lights and hydroponic grow systems. This positioning allows our shareholders to benefit directly from the growth in this market." Scott further explained, "GrowLife is dedicated to continuing to grow our retail product lines and sales presence, while also participating in revenue opportunities through the GrowLife Productions side of our business. This side of our business includes specialized social gaming and merchandising opportunities that are uniquely tailored for this industry segment."