GrowLife, Inc. (OTCPK:PHOT) signed a definitive agreement to acquire certain assets, properties, rights and interests of Bridgetown Mushrooms, LLC for $0.67 million on June 1, 2022. The total purchase price for the Assets is $500,000 in cash and 15,000,000 shares of GrowLife Inc.'s stock. The transaction is subject to a few conditions, including securing all necessary board approval, stockholder approval, and third-party consents required to consummate the transaction. The transaction is also subject to the execution of Key Employee Agreement. Sunny Kakwani of Rational Unicorn Legal Services PC provided legal counsel to Bridgetown Mushrooms, LLC. Curtis Mo of DLA Piper LLP (US) provided legal counsel to GrowLife, Inc.

GrowLife, Inc. (OTCPK:PHOT) completed the acquisition of certain assets, properties, rights and interests of Bridgetown Mushrooms, LLC for $0.84 million on January 06, 2023.