Ez-clone Enterprises: GrowLife, Inc. Announces Acquisition of Renowned Commercial Cannabis Cultivation Equipment Supplier EZ-CLONE Enterprises, Inc.

Hydroponics Supplier Specializing in the Cannabis Industry Acquires Cloning Leader EZ-CLONE Enterprises, a Manufacturer of Indoor Plant Cultivation EquipmentKIRKLAND, Wash., Oct. 16, 2018 (GLOBE NEWSWIRE) -- GrowLife, Inc. (OTCQB:PHOT), one of the nation's most recognized indoor cultivation product and service providers, today announced that it has completed a transaction to acquire a majority share of EZ-CLONE Enterprises, Inc. (EZ-CLONE). EZ-CLONE is the manufacturer of multiple award-winning products specifically designed for the commercial cloning and propagation stage of indoor plant cultivation including cannabis, food, and other hydroponic farming. The transaction aligns with the Company's strategic vision of servicing the burgeoning cannabis cultivation market."This acquisition is one of the most significant milestones for GrowLife to-date, allowing us to further expand GrowLife's product and service offering portfolio with the backing of this renowned company," said GrowLife CEO Marco Hegyi. "EZ-CLONE has become synonymous with the highest quality cloning products in the industry and has become the standard in cloning and propagation among industry leaders and experts. GrowLife's mission is to support the entire process of cannabis cultivation and help our customers to grow in the most efficient and cost-effective manner. EZ-CLONE's product line perfectly fits with our vertical commercial grow system and will provide our customers with the ultimate cultivation infrastructure from clone to harvest."In recent months, the Company has put a substantial amount of focus and resources toward the expansion of its product portfolio in conjunction with its sales and marketing footprint. GrowLife Innovations, the product development division of the company, has begun testing a vertical commercial grow system that is designed to decrease the production costs of cannabis cultivation while rendering the highest quality product possible. This acquisition plays an important role in this strategy by offering customers a solution for all areas of cannabis cultivation as well as creates new possibilities ...Full story available on Benzinga.com