GrowLife (OTC: PHOT) shares slipped from an early morning spike following news that the company has extended CEO Marco Hegyi’s employment contract for another two years. “Marco Hegyi has led PHOT back to active trading from the Gray Sheet market, effectively maintained positive and constructive relationships with shareholders, customers and suppliers, and enabled PHOT to continue operating through the Company’s most challenging times,” GrowLife Compensation Committee chairman and board member Michael Fasci stated in the news release. “Therefore, with this employment agreement, GrowLife will maintain management continuity for the next two years under Marco’s leadership.”
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About GrowLife, Inc.
GrowLife, Inc. (PHOT) aims to become the nation’s largest cultivation service provider for cultivating organics, herbs and greens and plant-based medicines. The company’s mission is to best serve more cultivators in the design, build-out and expansion of their facilities with products of high quality, exceptional value and competitive price. Through a nationwide network of local representatives, regional centers and its e-Commerce team, GrowLife provides essential goods and services including media (farming soil), industry-leading hydroponics equipment, plant nutrients, and thousands more products to specialty grow operations. GrowLife is headquartered in Kirkland, WA and was founded in 2012. For more information visit www.growlifeinc.com
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