Skip to main content
  1. News
  2. Business & Finance
  3. Industry

Marijuana stocks in chaos: Growlife (OTCBB:PHOT) plummets, Transbyte resurfaces

See also

Growlife Inc.(OTCBB: PHOT) sent investors into a tailspin Tuesday, flopping to 0.674 -0.103 (-13.29%). This comes on the heels of the company's highest day in trading (no pun intended) Monday, trading at 0.7385, up 0.1505(25.60%).

Growlife had enjoyed some good press as of late with their recent announcement of a joint venture with Vape Holdings, Inc. (OTCMKTS:VAPE) to fund research and development of a "..patentable technology to create pharmaceutical grade extractions from cannabis." Meanwhile Transbyte Corp. (OTC: ERBB) returned back to the green today, trading at 0.0590 +0.0088 (17.53%).

[-More on Growlife This Week: GrowLife (OTCBB: PHOT) gets a jump in Monday's trading-]

Another surprise in today's trading comes from mCig Inc (OTCBB:MCIG), currently priced at 0.870 +0.099 (12.84%). Ironicially, like Growlife Inc.,this is also mCig's best month so far in trading. mCig Inc. is known for self-titled product- the mCig, "...the world's most affordable vaporizer that provides a superior smoking experience by heating plant material, waxes, and oils in hopes of delivering a smoother inhalation experience..." the company states. The company announced its first quarterly profit in corporate history today, and reported the following:

  • $85,000 in revenue reflecting an increase of over 580% over the same quarter in 2013.
  • Gross Profit was $54,474 reflecting a gross profit margin of 64%.
  • Shareholder Equity Increase to $1,321,736 compared to negative ($210,087) for the quarter ended January 31, 2013

Unfortunately, Growlife's performance today is just another example of the instability in marijuana stock investing and the volatility it can bring to any small cap investor's portfolio.

Follow Live$tock on Twitter



  • Gaza conflict
    Israel official: Ceasefire and expanding Gaza conflict are both being discussed
  • Air Algerie crash
    Conflicting reports about the Air Algerie disappearance begin to emerge
    Top News
  • Arizona execution
    A Senator familiar with torture denounces Joseph Wood's botched execution as such
    US News
  • Ray Rice suspended
    Ravens' running back Ray Rice is suspended for two games for a domestic violence arrest
  • Amazon tribe falls ill
    An Amazonian tribe catches influenza after making first contact with the developed world
  • CIA prison in Poland
    Poland is declared guilty of human rights violations for hosting a secret CIA prison