Growlife Announces It Has Closed On The Acquisition Of Bridgetown Mushrooms
01/12/23, 8:57 PM
Location
kirklandIndustry
food and beverage
food and beverage
agriculture and farming
manufacturing
via NewMediaWire – GrowLife, Inc. (OTCQB: PHOT) announced today that on January 6, 2023, it has completed its acquisition of certain assets of Bridgetown Mushrooms, one of the leading growers of gourmet and functional mushrooms in the United States. GrowLife previously announced that it had reached a definitive agreement with Bridgetown in June 2022. Today’s announcement marks its official entrance into the booming mushroom sector and is now the core focus of the Company.
Company Info
Location
11335 ne 122nd way
Kirkland, Washington, United States
Company info
GrowLife, Inc. (OTCC:PHOT), a holding company within the health & wellness industry, has announced it’s most recent acquisition of Bridgetown Mushrooms in Portland Oregon. Achieving Growlife’s goal of moving into the emerging and fast growing gourmet and functional mushroom market. Bridgetown Mushrooms Founded in 2018 and located in Portland, Oregon, Bridgetown is fully operational, with vertically integrated operations in growing, harvesting, sterilization, and retail fulfillment of functional mushrooms, gourmet mushrooms, and functional /medicinal mushroom-based products. Current facilities total 10,000 square feet. Since closing on the asset purchase of Bridgetown Mushrooms on Jan 7, 2023, Growlife has expanded the cultivation capacity by 133%, launched a new Mycology division and the development of mushroom based products. The Company will now operate within four channels across the nation including retail, e-commerce, direct sales and distribution.