KIRKLAND, Wash.--(BUSINESS WIRE)--GrowLife, Inc. (OTCBB: PHOT), one of the nation’s most recognized indoor cultivation service providers, announced today the launch of the GrowLife Retail License Program.
The recent elections validated the nationwide demand for indoor cultivation by commercial growers as well as consumers. GrowLife’s Retail License Program repositions the Company to serve States with laws that support such cultivation, as well as addressing the increasing demand for indoor farming of healthier and localized fruits and vegetables. This groundbreaking program will work with independent business partners to license the GrowLife brand and work with the Company’s core team to open GrowLife branded stores. These stores will be either new stores or stores within existing retail outlets, creating a GrowLife store-within-a-store to introduce hydroponics products to their customers.
Starting with Fairmount Hardware, an Ace Hardware franchise store in Philadelphia, Pennsylvania, hydroponic customers will find the most popular hydroponics equipment and supplies in the GrowLife store-within-a-store.
“GrowLife is a well recognized and respected brand in the hydroponics world, and their Program will allow Fairmount Hardware to provide the very best hydroponics equipment and supplies to our local cultivation customers,” stated Ms. Ellie Siegel, partner of Christopher Herghelegiu, from Fairmount Hardware.
The GrowLife Retail License Program offers new and existing hydroponic and home supply stores the ability to brand their stores as GrowLife and gain access to GrowLife’s 15,000 product hydroponic supply chain, which will provide their customers with local access to hydroponics equipment and supplies for popular indoor controlled farming.
“After exploring this License Program for sometime with several licensee candidates, we are excited to begin the roll-out in Philadelphia with Fairmount Hardware, an Ace Hardware franchise, and extend GrowLife’s coverage for our customers. Our shareholders will also benefit with GrowLife’s financial shift from a fixed to variable-cost business model,” said Marco Hegyi, GrowLife CEO. “The demand for hydroponic gardening and farming, which continues to grow, will now be served with localized GrowLife-branded retail partners that understand how to apply innovative indoor growing equipment and supplies ranging from specialty lighting and clean growing media to healthy and safe nutrients.”
“The cost-effective expanded coverage of GrowLife’s products and services will allow us to better serve new urban farmers in all states across the country and enhance the GrowLife business in a constructive way,” said Joe Barnes, Senior vice-president, Business Development, at GrowLife. Mr. Barnes has been responsible for GrowLife’s retail expansion and optimization for many years. Mr. Barnes added: “By bringing retail partners into GrowLife, we can focus on sharing our expertise and marketing, while our local licensees build their local sales and services.”
For more information about the GrowLife Retail Licensing Program, check out growlifeeco.com/about/retail-licensing-program. Additional commentary on the Company as well as the industry is also provided on Mr. Hegyi’s blog. Specific financials and corporate actions on GrowLife (OTCBB: PHOT) can be found in the filings at the SEC website.
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) aims to become the nation’s largest cultivation service provider for cultivating organics, herbs and greens and plant-based medicines. Our mission is to best serve more cultivators in the design, build-out and expansion of their facilities with products of high quality, exceptional value and competitive price. Through a nationwide network of local representative, regional centers and its e-Commerce team, GrowLife provides essential goods and services including media (farming soil), industry-leading hydroponics equipment, plant nutrients, and thousands more products to specialty grow operations. GrowLife is headquartered in Kirkland, WA, and was founded in 2012.
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 www.sec.gov. 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.