Growlife (PHOT) has released an update.
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GrowLife, Inc. is currently embroiled in legal trouble as Coventry Enterprises, LLC has brought a lawsuit against them for allegedly defaulting on a promissory note by failing to make required payments. Coventry claims damages of no less than $265,811.61 and is seeking recompense. In response, GrowLife is actively pursuing settlement negotiations and is preparing to file a formal answer to the complaint in court.
For further insights into PHOT stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
