GrowLife, Inc. (OTCQB: PHOT), one of the nations most recognized indoor cultivation product and service providers, today announced that CEO Marco Hegyi will speak at Cannabis World Congress and Business Expo (CWCBExpo) on a panel entitled Investing in Ancillary Companies, Sept. 27 at 1 p.m. at Los Angeles Convention Center in Los Angeles, California. During the panel, Hegyi will discuss the opportunities ancillary companies present to investors eager to enter the rapidly evolving cannabis space.
I look forward to sharing GrowLifes best practices with industry leaders and investors from around the world to further support our growth in the rapidly evolving cannabis space, said GrowLife CEO Marco Hegyi. Los Angeles is one of the largest adult use cannabis markets, and we see this expo as a unique opportunity to spur opportunities with local and regional market leaders.
GrowLife recently announced adding a new fulfillment center in Los Angeles to service the West Coast market. The store and fulfillment center, located at 15721 Ventura Blvd, Encino, CA 91436, has a long-standing hydroponics customer base as it was acquired through an asset purchase of intellectual property rights and lease transfer from GoGreen Hydroponics.
The market for cannabis in California is predicted to hit $3.7 billion in 2018 alone, and that is expected to increase to over $5 billion by 2019, according to industry research firm BDS Analytics. In August, Los Angeles County authorized the issuance of licenses for cannabis cultivators throughout the county. As the second largest city in the United States, Los Angeles is well positioned to serve as a cannabis hub for the rapidly emerging cannabis market in California and the greater West coast.
For more information about GrowLife, please visit the companys website. Products can be purchased at ShopGrowLife.com. Additional commentary on the company and the industry as a whole can be found on the CEOs blog.
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About GrowLife, Inc.
GrowLife, Inc. (PHOT) aims to become the nations 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 more products to specialty grow operations. GrowLife is headquartered in Kirkland, Washington and was founded in 2012.
For more information, The GrowLife 2017 Stockholder Review presentation can be found on the Companys homepage at www.GrowLifeInc.com.
FORWARD LOOKING STATEMENT:
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of GrowLife, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words may, would, will, expect, estimate, can, believe, potential and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond GrowLife, Inc.s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors.