Developer, marketer,
and deplorer of products and services addressing the needs of legal cannabis
growing and retail operations, including hydroponic growing equipment and
retail support software, GrowLife announced that the company has added two new
members to its Board of Directors.
Joining the GrowLife
Board of Directors and occupying the Board seats provided to CANX USA LLC via
the recently announced Joint Venture and capital pledge of up to $40 million
U.S. for acquisitions, growth capital, and its GIFT program are Jeff Giarraputo
and Anthony Ciabattoni.
“The infusion of
intellectual capital provided by these Board members further strengthens the
governance and leadership necessary to manage GrowLife’s expansion goals into
the most lucrative aspects of the legal cannabis market,” stated Chief
Executive Officer of GrowLife Inc, Sterling Scott. “Each of these accomplished
gentlemen brings expertise to our Company, specifically in the areas of
consumer lifestyle and scaling up enterprises, which will enable us to
implement and execute our business model. We are most pleased by their
addition.”
In 1996, Giarraputo
co-founded the global advertising agency Factory Design Labs, which is now the
innovative leader in customer creation for culture-driven lifestyle brands such
as The North Face and Oakley. Factory currently has offices in Denver, USA,
Shanghai, China, and Verbier, Switzerland. In 2004, Giarraputo co-founded
Beatport, the worlds largest music store for DJs. Beatport was privately held
and headquartered in Denver, USA, and Berlin, Germany, until it was acquired in
2013. In addition, Giarraputo currently consults with several private equity
firms and serves as an advisor and/or board member. He is also an investor and
mentor in a number of start-ups, as well as later stage companies.
Entrepreneur Anthony
J. Ciabattoni’s experience includes the formation, growth and eventual sale of
three successful start-up companies. Ciabattoni currently manages a diverse
investment portfolio with assets ranging from software, real estate, and satellite
communications. In addition, Ciabattoni’s background includes sales and
marketing management positions with two Fortune 150 companies.
In other news, the
company accepted the resignation of Justin Manns from the Board. GrowLife is
grateful for his invaluable service.
More on the CANX USA
LLC Joint Venture can be found at http://yhoo.it/1fzRcaV
To view a GrowLife
Investor Presentation, please visit
http://growlifeinc.com/growlife-presentations-october-2013
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