PHOT | GrowLife Deals Should Help Maintain Momentum

PHOT Stock, GrowLife Inc., Urban Cultivator, Marijuana StocksAnother one of the surging penny stocks in the marijuana sector, GrowLife Inc. (PHOT), is hoping to carry its momentum into November with a new PR announcement. Prior to today’s open, the Company formerly known as Phototron Holdings Inc. released details of their first North American distribution deal with at-home gardening brand, Urban Cultivator. Since PHOT stock has gained 300% since their 52 week low set on October 11th, today’s open should see a flurry of trades flow through before the high wears off.

Update: Prior to the market open November 2, 2012, GrowLife filed an amended 8-K (see here) to include the pro-forma financials from their July acquisition of which booked $3,025,655 in revenues for the year ended December 31, 2011.

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Market Cap: 12.31M
Close: 0.04, no change
Volume: 3,905,381
High: 0.045
Low: 0.036
Trades: 160
Average Trade Size: 24,408

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The distribution deal with Urban Cultivator comes just days after GrowLife’s wholly owned subsidiary, GrowLife Hydropoinics Inc., completed their purchase of all of the shares of Soja Inc. (dba Urban Garden Supplies, aka the Urban Garden). The purchase agreement included all of the assets and liabilities of Urban Garden which includes the inventory of the store located at 22516 Ventura Blvd., Woodland Hills, CA 91364 and various other assets at a cost of 3,906,250 shares of PHOT stock.

Both the Soja Inc. acquisition and the distribution agreement announced today will surely help to boost the top line numbers for GrowLife which were less than when the Company operated as Phototron Holdings: $208,446 and $300,255 for the three and six months ended June 30, 2012, respectively, versus $252,648 and $517,242 for the same periods, respectively, in 2011.

Urban Cultivator began with a bang after being pitched on Canada’s “Shark Tank” (Dragon’s Den) and earning a $400,000 deal.  Since then, their growth from landing large-scale deals with The Four Seasons Restaurants, celebrity chef endorsements, and several condo developments where a Residential Cultivator will be outfitted in each unit are a possible gold mine for GrowLife now that their line of products will now be available at the Company’s website and retail locations in California.

About PHOT Stock

GrowLife Inc. designs and manufactures indoor mini-greenhouses capable of growing almost any herb, vegetable, flower, fruit or terrestrial plant better, stronger and faster than traditional farming methods. The Company also formulates and sells horticultural seeds, mineral nutrient solutions, growing mediums and germination kits to facilitate hydroponic gardening through the use of their Phototron Units, in addition to replacement parts for their Phototron Units to facilitate moderate customization.

Click here to view the SEC filings for PHOT.

Bottom Line: PHOT, like all the other marijuana focused penny stocks, is and has been hot all through the month of October. Liquidity has been there since October 10 when PHOT stock set a new 52 week low at 0.01. Like GRNH, the suppliers of indoor growing supplies will still be in business whether or not any new legislation is passed on the legalization, relaxation or current laws, of marijuana next week — as if a law makes a difference.

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