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8-K - CURRENT REPORT - GROWLIFE, INC. | phot_8k.htm |
Exhibit
99.1
GrowLife, Inc. Announces Results from Annual Stockholder Meeting,
Where More Than 90 Percent of Shares Voted
KIRKLAND,
Wash. -- GrowLife,
Inc. (OTCQB: PHOT) (“GrowLife” or the
“Company”), one of the nation’s most recognized
indoor cultivation product and service providers, today announced
that it held its Annual Meeting of Stockholders on December 6,
2018. At the meeting, more than 90 percent of shares were
voted and all items put forward by management were passed by a
majority vote.
“Yet
again, I am honored by our shareholders’ enthusiasm
and the trust they have bestowed in our management
team. This was demonstrated by the overwhelming participation
and the passage of all proposed motions,”
said GrowLife CEO Marco Hegyi. “We have one of
the largest shareholder bases in our entire industry and to have so
much support for our vision of continued expansion is beyond
encouraging. We had a significant majority of shareholders approve
the motions put forth, including a prospective reserve split
in shares enabling our company to seek more high-quality investment
in the future.
The
result of this meeting, combined with GrowLife’s recently
closed rights offering that allowed the company to raise
approximately $2,500,000, will support our growth through
continued acquisitions, strengthening our financial health, and
funding our commitment to research and development on products that
deliver on our value proposition. We are committed to helping lower
the operating costs for our customers while increasing our value
for shareholders. Next year is shaping up to be one of
the most important for GrowLife, with new commercial
products, such as our vertical grow system, set to hit the market.
We will also be expanding our recently acquired EZ-Clone
business.”
GrowLife recently
announced several company milestones,
including: the appointment of
industry veteran William Blackburn as President of product
development division, GrowLife Innovations; the closing of
its rights offering funding; the acquisition of leading
cannabis propagation company EZ-Clone; exhibition at
the world’s largest cannabis conference MJ Biz
Con; and coverage on
CNBC.
For
more information on the shareholder meeting,
read GrowLife’s December 10, 2018, 8k SEC
filing.
For
more information about GrowLife, including the CEO’s
most recent video statement, visit the
company’s website.
Products can be purchased at ShopGrowLife.com. in
the US and GrowLifeHydro.ca/ in
Canada.
###
About GrowLife, Inc.
GrowLife,
Inc. (PHOT) aims to become the nation’s largest cultivation
service provider for cultivating organics, herbs and greens and
plant-based medicines. Our mission is to help make our customers
successful. Through a network of local representatives covering the
United States and Canada, regional centers and its e-Commerce team,
GrowLife provides essential goods and services including media,
industry-leading hydroponics and soil, plant nutrients, and
thousands of more products to specialty grow operations. GrowLife
is headquartered in Kirkland, Washington and was founded in
2012.
Public Relations Contact:
CMW
Media
Cassandra
Dowell, 858-264-6600
cassandra@cmwmedia.com
www.cmwmedia.com
Investor Relations Contact:
investors@growlifeinc.com
206-483-0059