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GrowLife and Vape Holdings Terminate Joint Venture

Debra Borchardt
6/09/14 8:18 PM EDT
GrowLife filed an 8K with the SEC after the market close on Friday saying it had received a fully executed termination of a planned joint venture from Vape Holdings. It did note that it received the termination on June 2, but it wasn't made public until the June 6. Both stocks are down on Monday on the news and neither company was available for comment nor did either company publish a press release regarding the venture termination. Back in March, the two companies agreed to fund and develop new pharmaceutical grade processes for cannabis extraction that could be patented.
Stock quotes in this video: PHOT, VAPE

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