WOODLAND HILLS, Calif.
April 7, 2014
/PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, has been selected by
and his companies to handle national distribution of the VegaMatrix line of nutrients and supplements. The VegaMatrix product line, particularly the organic formulations for which
is world renowned, have contributed to a remarkable 18 different Cannabis Cup awards over the last several years.
"Our partnership brings together two leaders in the legal cannabis industry to support organic growers in clean crop production and maximum yields," stated
Sterling C. Scott
, Chairman and CEO of GrowLife, Inc. "We share with
a commitment to quality, organics and customer service that set the standard for the industry. Time and again, VegaMatrix products have proven best in class, as evidenced by the top industry awards and accolades from its loyal following of early stage customers. GrowLife is proud to be selected as the exclusive U.S. distributor, and is encouraged by the strong industry support for the VegaMatrix product line."
Nutrients and supplements for growing legal cannabis are a major part of GrowLife's business in its retail and online sales channels. Nutrients and supplements for the legal cannabis industry typically represent approximately 30-40% of the reported
annual sector sales in the U.S. and consistently represent some of the highest gross margin products in hydroponics stores across the country. GrowLife expects to capture a minimum 3% market share with the VegaMatrix line, focused principally on the premium quality growers, which is already the Company's core market emphasis. The regulatory emphasis in certain states such as
on sustainable organic production methods also is expected to provide clear advantages to the VegaMatrix product line, and may on a regional basis allow much higher market share capture.
"Our goal with VegaMatrix and our push to national distribution with GrowLife is to continue to help customers grow healthy and safe medicine while maximizing yield," said
, Founder, Visionary and CEO of Pure Life Veganix. "GrowLife's industry leadership, commitment to customer service and training made them the ideal partner for us over other distributors."
For responsive customer service and online ordering of VEGAMATRIX products call Greners.com at 1-707-433-2333 or visit
For more information on
PURE LIFE VEGANIX products please visit
From time to time, GrowLife will provide market updates and news via its websites
, Cannabis.org or the Company's Facebook page at
About GrowLife, Inc.
GrowLife, Inc. (
) develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software. The Company provides these solutions in our nationwide retail network, as well as online sites Greners.com, Phototron.com and StealthGrow.com. The Company also operates the political and social forum, Cannabis.org
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for GrowLife's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in GrowLife's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting GrowLife, Inc. please refer to the Company's Securities and Exchange Commission filings, which are available at
. GrowLife, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
Integrity Media (702) 396-1000
SOURCE GrowLife, Inc.