Growlife Inc. (OTCMKTS:PHOT) Chairman Marco Hegyi purchased 4,000,000 shares of the stock in a transaction dated Wednesday, October 12th. The stock was purchased at an average cost of $0.01 per share, for a total transaction of $40,000.00. Following the completion of the purchase, the chairman now directly owns 5,000,000 shares of the company’s stock, valued at $50,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Growlife Inc. (OTCMKTS:PHOT) opened at 0.0154 on Tuesday. Growlife Inc. has a 1-year low of $0.01 and a 1-year high of $0.35. The firm’s 50-day moving average price is $0.01 and its 200-day moving average price is $0.01.

Growlife Company Profile

GrowLife, Inc (GrowLife) provides goods, including media (farming soil), hydroponics equipment, organic plant nutrients, and various other products to specialty grow operations across the United States. The Company primarily sells through its subsidiary, GrowLife Hydroponics, Inc In addition to the promotion and sales of GrowLife owned brands, GrowLife distributes and sells over 3,000 products through its e-commerce distribution channel,, and through its regional retail storefronts.

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