Deal Snapshot
GROWLIFE ACQUIRES INTELLECTUAL TECHNOLOGIES FOR THE INDOOR CULTIVATION MARKET
Thursday 12 October 2017

Washington, US-based indoor cultivation services provider GrowLife, Inc. (PHOT) has finalised the acquisition of a majority of assets (51%) from a tile flooring business with proprietary property that is aligned with GrowLife's core business competencies, the company said.

The assets include intellectual property rights, freefit patents and the copyrights and trademarks associated with the technology. GrowLife said this asset purchase provides the company with new ways to engage customers with environmentally friendly building materials that it believes can help indoor cultivators lower the production cost of growing crops indoors.


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Details
Date Published: 12/10/2017
Target: Majority of assets (51%) from an undisclosed tile flooring business
Country: USA
Sector: Agriculture/Forestry
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: GrowLife, Inc
Comment:
Terms of the deal were not disclosed

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