GrowLife, Inc. (OTC:PHOT) has been having a successful week on the market, with a fairly steady uptrend. The biggest jump of the week occurred when trading commenced this morning. GrowLife shares are currently trading at $0.024, putting the stock up $0.004, or 20.603% from Wednesday’s close of $0.020.
There has been nothing in the news as of late regarding the company, so it’s possible that this price increase is an anomaly or it could be that several investors are looking to get into a company that looks to be climbing as of November, hoping to add another success to their portfolios (therefore making the climb the reason for the climb). But it’s also important to note that GrowLife is a company involved in the cannabis sector and cannabis, on the whole, has been doing quite well lately and is expected to continue to be a vastly growing market – so, more and more investors may be turning their money towards smaller cannabis companies such as GrowLife to get in while it’s still cheap in the hopes that these tiny investments could turn huge with the rapid growth of cannabis that is expected to occur over the next few years.
Earlier in the month, on December 13, GrowLife announced that it would soon be offering an improved at-home plant cultivation system as part of its product line, called the GrowLife Cube Pro. This is an updated version of the company’s GrowLife Cube cultivation system, which was one of the world’s first complete home grow packages aimed at making plant cultivation possible for anyone, no matter their experience or skills with plants.
GrowLife’s advanced at-home cultivation system is a good reason for investors to get involved with the company. GrowLife will be selling the GrowLife Cube Pro throughout all of California, as well as nationwide, and the system includes all the materials needed, save the plants themselves, to start cultivating your own cannabis plants. California alone is going to be a huge market for the system, with adult recreational use legislation coming into effect in January 2018 – households will be permitted to cultivate up to six plants per adult. The demand for these systems is expected to skyrocket, given the regulations that all growing must take place indoors. The company, therefore, is all set to make a killing selling its GrowLife Cube Pro if all goes according to plan. If I had to guess, that’s what other people are anticipating as well and so that’s why it looks like investors are starting to really take notice of GrowLife, Inc. It will be interesting to see what happens to the company’s stock come January.
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