The funding allowed the Company to deploy the resources needed to pursue its multi-faceted growth strategy. The Company secured additional funding from private investment firm Chicago Venture Partners. Secured Funding to Support Continued Expansion Efforts achieved the following milestones and significant events: Through new initiatives focused on product innovation and development of additional revenue streams, we are well positioned to capitalize on the momentum that was built last year.”ĭuring 2017, GrowLife, Inc.
We established new divisions designed to meet the needs of the expanding indoor plant cultivation market, including cannabis and micro-grown foods. Hegyi continued, "In 2017, GrowLife focused on bringing value to our shareholders while maintaining the high-quality service that we offer to our customers through responsible fiscal management. We were able to bring in top tier talent and business partners as well as attract new customers in both our commercial and consumer businesses.” “From strategic asset acquisitions and positive structuring to further financing and international expansion, the Company experienced tremendous growth and captured new markets last year. “2017 proved to be a vital year for growth for GrowLife that resulted in strong top line performance and further enhancement of our solid fiscal strategy,” said GrowLife, Inc. Graph showing quaterly revenue from 2017 for GrowLife, Inc.
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