KIRKLAND, Wash., Aug. 02, 2018 (GLOBE NEWSWIRE) — GrowLife, Inc. (OTCQB: PHOT) (“GrowLife” or the “Company”), one of the nation’s most recognized indoor cultivation product and service providers, today announced financial results for the quarter ending June 30, 2018, and provided an overview of recent operational highlights. The company experienced escalated growth over last year, showing a 131.7% increase in revenue over the same quarter last year. For the six-month period ending June 30, 2018, the company experienced revenue growth of over 90% over the same period last year and a gross profit increase of 71%. Other highlights include that current liabilities were decreased by approximately 5%.
Read the full press release: http://globenewswire.com/news-release/2018/08/02/1546343/0/en/GrowLife-Inc-Reports-Over-131-Year-Over-Year-Revenue-Growth-in-Second-Quarter-2018-Financial-Results-and-Operational-Ramp-Up-Highlights-Update.html
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