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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