Penny Stock Frenzy Set Off By Legal Pot

I thought, Maybe the SEC was right in suspending stock trading. Weiner and W-Net have done better. In June 2011, according to an SEC document in which he filed to sell some of his shares, Weiner was the biggest outside holder of shares in GrowLife, then called Phototron Holdings Inc. At least 10 times in 2013, W-Net exchanged interest-bearing... more →
Posted in: Stocks

Penny Stocks For Pot Are The Ones Booming Nowadays

Robert Frichtel, his Advanced Cannabis Solutions Inc. up 144 percent after posting $455 in sales last quarter, said “euphoria” is driving gains that in some cases top 1,700 percent. “The demand for marijuana is insatiable,” said Perlowin, a once-jailed smuggler who filed last month to sell 12 million shares... more →
Posted in: Investing

Who Is The Pot Penny-Stock Guru?

His wife filed on April 8 to sell 7.8 million shares. Penny-stock companies market their shares through press releases and research reports that they sometimes pay to have written. Day traders pass them around on message boards and Twitter, hyping their favorites. Steve DeAngelo, president of a cannabis investors club called the... more →
Posted in: Investing

Why Marijuana Stocks Might Go Up In Smoke

Medical Marijuana in San Diego, for example, was founded by Bruce Perlowin, who spent nine years from 1983 to 1991 in prison for smuggling marijuana into San Francisco from Colombia. And a board member at the company was arrested for possession in Alabama in 2013. Perlowin is now CEO of Hemp, based in Las Vegas, which would like... more →
Posted in: Investing

GrowLife Announces Proposed Settlement for Pending Securities Litigation

GrowLife, Inc. (PHOT) announced today that on February 9, 2015, the Company and plaintiff’s counsel filed a Notice of Proposed Settlement with the Court presiding over the Consolidated Class Action lawsuits filed in 2014. The parties expect to file Notices of Proposed Settlement in the Court presiding over the Derivative Actions... more →
Posted in: Press

GrowLife Announces Proposed Settlement for Pending Securities Litigation

GrowLife, Inc. (PHOT) announced today that on February 9, 2015, the Company and plaintiff’s counsel filed a Notice of Proposed Settlement with the Court presiding over the Consolidated Class Action lawsuits filed in 2014. The parties expect to file Notices of Proposed Settlement in the Court presiding over the Derivative Actions... more →
Posted in: Press

GrowLife Announced Revenues of $2.3 Million for Second Quarter

GrowLife, Inc. (PHOT), one of the largest cultivation service providers in the nation, reported results for the second quarter ending on June 30, 2014. The Company recognized revenues of $2.3 million for the quarter, and maintained a 22% gross margin for the second consecutive quarter in 2014. “GrowLife’s strong revenue growth... more →
Posted in: Press

SEC Has Warning For Investors Re: Scams On Pot Investing

Dozens of companies listed on the penny stock market have turned themselves into pot stocks in recent months, either through reverse mergers or a simple name change. In general, these companies don’t actually touch marijuana, but claim to be involved in the business of providing infrastructure and services to marijuana businesses... more →
Posted in: News
1 2 3 4