Growlife Inc. (OTCMKTS:PHOT) Chairman Marco Hegyi acquired 4,000,000 shares of the firm’s stock in a transaction on Wednesday, October 12th. The shares were acquired at an average price of $0.01 per share, with a total value of $40,000.00. Following the completion of the transaction, the chairman now directly owns 5,000,000 shares in the company, valued at approximately $50,000. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Growlife Inc. (OTCMKTS:PHOT) opened at 0.0174 on Wednesday. The stock’s 50 day moving average price is $0.01 and its 200-day moving average price is $0.01. Growlife Inc. has a 1-year low of $0.01 and a 1-year high of $0.35.
Growlife Company Profile
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.
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