GrowLife, Inc. (OTCQB: PHOT), one of the nation’s most recognized indoor cultivation product and service providers, today announced that it has launched a new online e-commerce platform designed to service both consumer and commercial customers throughout the country of Canada.
The new platform is available at GrowLifeHydro.ca and features thousands of products designed to support cost-effective and efficacious indoor plant cultivation for growers of all sizes. The addition of this platform reflects GrowLife’s expansion efforts throughout Canada as the company continues to strategically position itself within Canada’s rapidly evolving legislative landscape.
“As GrowLife’s consumer division experiences increased momentum in its U.S. growth, the addition of this e-commerce sales channel and distribution network will allow us to better service all of North America with our entire product offering,” said Lauren Schmitt, Vice President and head of GrowLife’s consumer division. “We have identified a tremendous opportunity for our services and products in Canada and as a result prioritized getting this platform user ready ahead of legalization occurring in the coming months. GrowLifeHydro.ca allows us to further strategically expand our footprint in the rapidly evolving multibillion-dollar cannabis market by reaching a new demographic-focused clientele.”
GrowLife CEO Marco Hegyi said: “Our investment in the consumer division, led by Lauren, is critical to capturing market share in the burgeoning Canadian market where we have already made significant strides, including our strong retail presence in Calgary. Having personally met with industry professionals and investors in Canada, I am encouraged by the excitement that is building around our company and we understand that the opportunity has never been greater for us to become a leading resource for the many operators and home growers throughout Canada.”
Canada is expected to fully legalize adult use cannabis by summer of this year, which will allow for large-scale producers to enter the market as well as home cultivators aged 21 and up to grow up to four cannabis plants. Canada’s new adult use market presents a lucrative expansion opportunity for GrowLife, which through its new e-commerce site is one of the first leading indoor cultivation companies offering a country-specific product distribution platform catering specifically to the cannabis marketplace.
GrowLife recently announced the opening of a Canadian retail location that is well-positioned to meet the growing market demand for indoor cultivation equipment in the emerging legal Canadian marketplace. Deloitte estimates the legal Canadian cannabis marketplace has a retail base value of between $4.9 billion-$8.7 billion.
For more information about GrowLife, including the CEO’s most recent video statement, please visit the company’s website. Products can be purchased at ShopGrowLife.com.
Disclaimer
All stock recommendations and comments are the opinion of writer.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal ownership, may influence or factor into a stock analysis or opinion.
All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is not indicative of future price action.
You should be aware of the risks involved in stock investing, and you use the material contained herein at your own risk. Neither Market-Advisor.com nor any of its suppliers guarantee its accuracy or validity, nor are they responsible for any errors or omissions which may have occurred. The analysis, ratings, and/or recommendations made by Market-Advisor.com, and/or any of its suppliers do not provide, imply, or otherwise constitute a guarantee of performance.
Market-Advisor.com is comprised of reports, if any, embodying a unique system of stock analysis. Accuracy and completeness cannot be guaranteed. Users should be aware of the risks involved in stock investments. It should not be assumed that future results will be profitable or will equal past performance, real, indicated or implied.
The material on this website are provided for information purpose only. Market-Advisor.com does not accept liability for your use of the website. The website is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind.
