Las Vegas, NV -- (SBWIRE) -- 11/13/2012 -- After making an explosive move up in the beginning of October Growlife Inc. (OTC:PHOT) has formed a strong base over the $0.035 level. The stock continues to trade strong and hold its gains and some investors speculate that PHOT is going way higher from here.
Currently trading at $0.036 PHOT continues to trade several million share per day and is trading flat as many Penny Stocks in the Cannabis sector have seen a significant drop in recent days.
GrowLife, Inc. has core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Stealth Grow LED, producer of hi-powered LED grow light products for indoor horticulture, Greners.com, the online hydroponics superstore and Phototron, producer of hydroponic growing containers which are designed to grow vegetables, herbs, flowers and fruits in any environment.
On November 9 PHOT announced that it has appeared in numerous major news publications over the past couple of weeks. The press release goes on to say that "much attention has been drawn this week since voters in Washington and Oregon went to the polls and voted to allow the full legalization of marijuana in their states. Voters also approved the use of medical marijuana in several new states, marking a significant milestone for the burgeoning marijuana industry."
To find out more and to see what OTCMAGIC projects for Growlife Inc both short term and long term please go here: PHOT
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