Two Rivers Water & Farming Company (TURV)

rki1q0xapvw_two_riversTwo Rivers Water & Farming holds a unique position in the marijuana space as it is a provider of infrastructure to marijuana growers. The company is primarily a developer of farmland and water rights in Colorado, but has entered the booming marijuana industry in the state through a wholly owned subsidiary.

The farming operations of the company involve upgrading irrigated lands formerly used for low-value crops into lands fit for high-value fruit and vegetable crops. It owns 7,465 gross acres of land in southeastern Colorado, growing crops like cabbage, pumpkins, corn, and oats. It then sells its produce through its wholly owned subsidiary Dionisio Farms & Produce.

Alongside its farming, Two Rivers owns water rights in the Arkansas River Basin, also in Colorado. This allows the company to divert stream flow, pump ground water, operate storage reservoirs, and conduct other water management activities. On a long-term historic average, the company has an annual diversion of 15,000 acre-feet of water.

For its marijuana operations, Two Rivers has its subsidiary GrowCo, Inc. It leases state-of-the-art growing and processing facilities to marijuana growers, and teaches them about growing in a modern greenhouse environment. The company expects that over the next four years, it will lease up to 12 marijuana facilities in Colorado.

Two Rivers Water & Farming Company was founded in 2002 and was formerly known as Navidec Financial Services, Inc and Two Rivers Water Company. It changed to its current name in 2013.

The company is now traded on the OTC markets as TURV. It has a market cap of USD 18.97 M. Top executives in the company include John R. McKowen, Chairman and CEO; Wayne E. Harding III, CFO and Secretary; Kirsty Cameron, VP of Operations; and Russ Dionisio, COO of Farming.


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Latest Financial News for TURV

Two Rivers (OTCQB: TURV) Announces Delay with Mergers

Ekstrak Labs LLC and Gramz Holdings, LLC (together referred to as “Merged Companies”), from the owner of the Merged Companies, EASBY Land & Cattle Company, LLC. The previously announced acquisitions of the Merged Companies are on track for a single closing. The Merged Companies will reposition the Two Rivers strategically to pursue the seed to sale hemp farming, CBD extraction and consumer products business with immediate impact during 2019.

Two Rivers Announces Additional Capital Infusion

Two Rivers Water & Farming Company (“Two Rivers” OTCQB: TURV) on May 24, 2019 entered into an agreement (“Agreement”) with two accredited investors (“Note Holders”) to provide a net of $480,000 in short term working capital. The debt is convertible at a per common stock price of 60% multiplied by the trailing market price of Two Rivers’ common shares (representing a discount rate of 40%).

Two Rivers Amends its Agreement to Purchase Three Hemp-focused Companies

Two Rivers Water & Farming Company (“Two Rivers” OTCQB: TURV) on February 21, 2019 entered into an agreement (“Agreement”) to purchase three hemp-focused businesses. A posting of this amendment will be filed in Form 8-K with the United States Securities and Exchange Commission. “Both parties are working diligently to gather all required documents including working with the Acquired Companies in their audit process,” commented Wayne Harding the CEO of Two Rivers.

TWO RIVERS WATER & FARMING ENTERS INTO AGREEMENT TO ACQUIRE HEMP-FOCUSED COMPANIES

Planning underway with three acquisitions for growing hemp on land owned and water supplied by Two Rivers, along with processing and selling hemp-based products DENVER,.

Two Rivers Announces New Board Members

Two Rivers Water & Farming Company (“Two Rivers” OTCQB: TURV) is pleased to announce that it has appointed three new board members to replace resigned board members. “I’m excited with our new board,” commented Wayne Harding, Chief Executive Officer of Two Rivers. Mr. Downs, 65, in the past 23 years has been a water broker and also has appraised water rights for a variety of cities, banks and estates.