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GrowLife Acquires Intellectual Technologies for the Indoor Cultivation Market
Thursday 12 October 2017

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.

Terms of the transaction were not disclosed.

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.

GrowLife, Inc. (PHOT) cultivates organics, herbs and greens and plant-based medicines.

Through a network of local representatives covering the US and Canada, regional centres and its e-commerce team, GrowLife provides goods and services including media, industry-leading hydroponics equipment, plant nutrients, and thousands more products to specialty grow operations.
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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