New York, NY – (NISMAGAZINE) –10/25/2013- Growlife Inc (OTCBB:PHOT) gained 7.48% to close at $0.0920 after trading 21.95M shares. The company announced that it will open its 7th brick and mortar retail location this Friday, October 25, 2013 at 10:00 a.m. pacific in Santa Rosa, California. The GrowLife Hydroponics Santa Rosa shop is located at 3285 Santa Rosa Ave., Santa Rosa, California 95407. “It’s an important day for GrowLife as we expand our retail operations in the important market of Santa Rosa,” stated Rob Hunt, President, GrowLife Hydroponics. “We believe that Santa Rosa, an area at the very heart of the cannabis movement and culture, is an essential location to have a presence.” Another day of trading in a narrow range for the stock, compared to its usual big advances. The high was capped at $0.095, just like in the previous session. Investors should be prepared for some sideways movement, even a correction.
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Petrotech Oil & Gas Inc (OTCMKTS:PTOG) slumped 11.02% to close at $0.0105 after trading 20.19M shares. The company announced Wednesday the acquisition of an 80-acre lease in Nowata, Oklahoma along with partner CAVU Resources Inc. The lease known as the Brown lease has 12 existing oil and gas wells and one disposal well that PetroTech and Cavu Resources have begun reworking. The project is an expected $400,000 investment with over $175,000 committed to date, with an expected first five wells online within 30 days, and the balance of the seven wells online by mid December, and a plan to have all wells producing anywhere from 270 barrels per month to 600 barrels per month, with revenue of $27,000.00 to $60,000.00 per month. Added to four gas wells, which will bring in an additional $4,000.00 a month. The company also said that President Eddie Schilb will be interviewed live by Michal Yorba of the Traders Financial Network on 10/24 at 2:45 central time.
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