GROWLIFE, INC. (OTCMKTS:PHOT) Files An 8-K Other Events

ME Staff 8-k
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GROWLIFE, INC. (OTCMKTS:PHOT) Files An 8-K Other Events
Item 8.01Other Events.

On December 22, 2017, the Board of Directors (the “Board”) of GrowLife, Inc. (the “Company”), by unanimous written consent, determined that certain wholly-owned subsidiaries of the Company as set forth below (collectively, the “Subsidiaries”) are non-operating in California and Nevada and are no longer beneficial to the Company. A resolution for dissolution was adopted by the Board and the Company has commenced procedures in California and Nevada to dissolve for each as soon as practicable.

The Board voted in favor of dissolving the following Subsidiaries: SG Technologies Corp., a Nevada corporation, Phototron, Inc., a California corporation, Business Bloom, Inc., a California corporation, GrowLife Productions, Inc., a California corporation, GrowLife Hydroponics, Inc., a Delaware corporation operating as a foreign entity in California, and Soja, Inc., a California corporation.

There will be no impact on the Company’s consolidated and non-consolidated results for the year ending December 31, 2 017 and the Company operations are not impacted.


About GROWLIFE, INC. (OTCMKTS:PHOT)

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, Greners.com, and through its regional retail storefronts. The Company serves a community of commercial and urban cultivators growing specialty crops, including organics, greens and plant-based medicines. Indoor growing techniques are used to cultivate plant-based medicines. The Company holds rights in approximately 30 Website addresses related to its business, such as www.growlifeinc.com, www.growlifeeco.com, www.stealthgrow.com and www.greners.com.