FusionPharm and GrowLife Expand Relationship to Create New Co-Branded Line of Innovative Hydroponic Products
February 04 2014 - 8:15AM
FusionPharm, Inc. (OTC: FSPM), manufacturer of the PharmPod™
professional cultivation system and GrowLife, Inc. (OTCBB: PHOT), a
diversified company operating in the legal cannabis industry which
develops, markets and deploys products and services of legal
cannabis, today announced that the Companies will expand their
collaboration agreement and begin offering a co-branded line of
specialized professional cultivation equipment components.
The new line of professional components will be co-branded under
FusionPharm's PharmPod™ brand name and GrowLife's Stealth Grow™
line of equipment. This co-branded component line will
initially include a line of professional hoods/reflectors and will
quickly be expanded to include a wide range of custom designed
components. The first shipment of components is anticipated
to be available for installation in FusionPharm's PharmPod™ system
and to the general public through the GrowLife network of
hydroponic stores and websites in February.
"We are thrilled to partner with GrowLife to bring a specially
designed line of cultivation equipment to our PharmPod™ system and
to the market in general," stated Scott Dittman, CEO, FusionPharm,
Inc. "This is an important step in our evolution as we seek to
customize our componentry to maximize the functionality of our
PharmPod professional equipment while ensuring our customers have
an in-house option for future replacements and upgrades. We
couldn't have done it without the brilliant product development
team and leadership of GrowLife."
"FusionPharm and its leadership have done an exceptional job
proving a market for their innovative product line," stated
Sterling Scott, CEO, GrowLife, Inc. "We are very pleased to expand
our presence in this vertical and to do so with one of the stronger
brands we observe in the marketplace."
PharmPod™ units are currently manufactured by FusionPharm in
Colorado. Additional manufacturing facilities are planned for
the east and west coast of the United States in 2014.
About FusionPharm Inc.
(FSPM)
FusionPharm, Inc. (FSPM)
(www.fusionpharminc.com) was organized to capitalize on
opportunities present in the rapidly growing vertical farming and
cannabis industries. FusionPharm's primary focus is the development
and deployment of the patent pending PharmPods™ advanced hydroponic
commercial cultivation systems. PharmPods are constructed from
standard ISO steel shipping containers that are repurposed for use
in indoor controlled environment agriculture. Modular, stackable,
cost competitive and financeable, PharmPods have become the
industry leader for professional, commercial scale indoor plant
cultivation
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) develops, markets
and deploys products and services addressing the needs of legal
cannabis growing and retail operations, including hydroponic
growing equipment and retail support software. The Company provides
these solutions in our nationwide retail network, as well as online
sites Greners.com, Phototron.com and 58Hydro.com. The Company also
operates the political and social forum, Cannabis.org
Cautionary Language Concerning
Forward-Looking Statements
This release contains "forward-looking statements" that include
information relating to future events and future financial and
operating performance. The words "may," "would," "will,"
"expect," "estimate," "can," "believe," "potential" and similar
expressions and variations thereof are intended to identify
forward-looking statements. Forward-looking statements should not
be read as a guarantee of future performance or results, and will
not necessarily be accurate indications of the times at, or by,
which that performance or those results will be achieved.
Forward-looking statements are based on information available
at the time they are made and/or management's good faith belief as
of that time with respect to future events, and are subject to
risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in or suggested
by the forward-looking statements. Important factors that could
cause these differences include, but are not limited to:
fluctuations in demand for GrowLife's products, the introduction of
new products, the Company's ability to maintain customer and
strategic business relationships, the impact of competitive
products and pricing, growth in targeted markets, the adequacy of
the Company's liquidity and financial strength to support its
growth, and other information that may be detailed from
time-to-time in GrowLife's filings with the United States
Securities and Exchange Commission. Examples of such
forward-looking statements in this release include statements
regarding future sales, costs and market acceptance of products as
well as regulatory actions at the State or Federal level. For
a more detailed description of the risk factors and uncertainties
affecting GrowLife, Inc. please refer to the Company's Securities
and Exchange Commission filings, which are available at
www.sec.gov. GrowLife, Inc. undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Company Contact:
FusionPharm, Inc
(720) 458-0686
info@fusionpharminc.com
CONTACT:
Company Contact:
FusionPharm, Inc
(720) 458-0686
info@fusionpharminc.com
GrowLife Investor Relations Contact:
Integrity Media
Kurt Divich (702) 396-1000
kurt@integrityir.com
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