Las Vegas, NV -- (SBWIRE) -- 04/25/2013 -- Growlife Inc(OTC:PHOT) recently announced that for its awaiting acquisition process of the joint operations of Rock Mountains Hydroponics, LLC., Evergreen Garden Centers, LLC., and 58Hydro.com from Gemini Master Fund Ltd based in California, has fortified the essential financing obligations.
In the recent released Annual Report, the revenue guidance provided is to be adjusted as the company believes that the revenue showed did not depict the fully-financed acquisition and the subsequent increase in the revenue.
The properties that are to be acquired accounted for over $4 million last year in revenue. In GrowLife Inc Annual Report the projected sales for 2013 lie between the range of $3.9 million and $4.3 million which do not include any impact of the development of the business of GrowLife Inc through its acquisitions. These projections are entirely grounded on past data and its extrapolation.
Growlife is excited about to start the implementation of increased purchases and sales and see the significant expertise this pending acquisition will bring to the company.
To find out what OTCMAGIC projects for Growlife, Inc., for both short term and long term please click here: PHOT
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