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Two Rivers Water and Farming Co. (TURV)

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Last Post: 6/22/2017 4:10:07 PM - Followers: 35 - Board type: Free - Posts Today: 0




In 2014, we formed our subsidiary, GrowCo, Inc. (“GrowCo”).  GrowCo’s focus is to become the number one provider of greenhouses, related infrastructure, and services to growers of cannabis, in states where such activity is legal.  At this time, GrowCo does not “touch the plant”.   In 2015, our first greenhouse was constructed and partially finished.  Our initialtenant, Suncanna, began paying rent for the entire first greenhouse and warehouse effective September 1, 2015 and began partial occupancy in October2015.  Subsequently, in 2016 Suncanna was evicted and all accrued rent was written off.  In 2016 we entered into lease agreements with a related party,Johnny Cannaseed, for our first two greenhouses.  The first greenhouse was 50% occupied on December 1, 2016 and rent began to accrue as of that date.  The second half of the greenhouse began to accrue rent on March 2, 2017.  We expect the second greenhouse to be completed by mid-2017 and be occupied and accrue rent at that time.

Lease revenue is recognized monthly at the end of each month.  Total lease payments under the 120-month lease agreement for 50% of the GCP1 greenhouse, which are $21,433,000, is divided by the lease term.  Therefore, the average lease rate per month is $179,000 for one half of the total greenhouse. This spreads the total amount of the lease payment stream over the life of the lease.  Total expected monthly revenue from greenhouse leasing, once the 2nd one is completed in mid-2017, is $716,000 (or $8,592,000 annualy). 

http://vintagevalueinvesting.com/how-to-invest-in-water-like-michael-burry-from-the-big-short/

http://www.2riverswater.com
 
 
 
 
 
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TURV News: Statement of Changes in Beneficial Ownership (4) 06/07/2017 06:02:35 PM
TURV News: Quarterly Report (10-q) 05/15/2017 12:08:34 PM
TURV News: Statement of Changes in Beneficial Ownership (4) 05/11/2017 05:03:05 PM
TURV News: Statement of Changes in Beneficial Ownership (4) 05/10/2017 02:23:08 PM
TURV News: Current Report Filing (8-k) 05/08/2017 05:31:06 PM
PostSubject
#699   $TURV The leaves are still drying.. website and mc67 06/22/17 04:10:07 PM
#698   $MJ Senators Press Legislation to End DEA 'Meddling' mc67 06/22/17 04:08:55 PM
#697   No bump from Growco MJ sales. This stock lnghold 06/15/17 04:57:49 PM
#696   $MJ Colorado Governor Signs Two Bills Aimed at mc67 06/15/17 07:32:47 AM
#695   $MJ Colorado Governor Signs PTSD Cannabis Bill Into mc67 06/09/17 02:08:25 AM
#694   $MJ How Veterans Are Helping Advance Marijuana-PTSD Research mc67 06/07/17 12:18:16 AM
#693   $MJ Medical marijuana could help vets: VA secretary http://nydn.us/2rVfVFX mc67 06/07/17 12:15:07 AM
#692   $MJ DOJ’s Mysterious Marijuana Subcommittee https://www.usnews.com/news/articles mc67 06/07/17 12:07:54 AM
#691   $TURV Informational Updates will be sent out mc67 06/05/17 07:23:27 PM
#690   $MJ Perspective / Will VA chief be voice mc67 06/05/17 07:32:15 AM
#689   $MJ American Legion Again Urges Trump to Reschedule mc67 06/04/17 07:21:20 PM
#688   $MJ USA Marijuana: A Changing Legal and mc67 06/02/17 08:10:11 PM
#687   $MJ Cannabis Legalization Could Help Medicare / 420 mc67 06/02/17 06:14:55 PM
#686   $MJ Billion-Dollar Fund Manager Targets Cannabis via @forbes http://www.forbes.c mc67 06/01/17 06:03:45 PM
#685   $MJ New Study Reveals Why Cannabis is Still mc67 06/01/17 03:26:33 PM
#684   $TURV Related: Informational Update mc67 06/01/17 02:39:57 PM
#683   http://mailchi.mp/87088b17bbc1/member-update-198687?e=143ff47640 Stock_Dog 05/30/17 07:54:37 PM
#682   Newby question: So who now owns the land, lnghold 05/23/17 02:08:28 PM
#681   The farming business was sold to someone outside tigerpac 05/18/17 05:18:40 PM
#680   $TURV Cucharas Reservoir Filling Up Investor Update 05/18/17 mc67 05/18/17 03:21:26 PM
#679   If they sold the farming business (to one 222 05/18/17 11:33:08 AM
#678   $MJ Report: Total Marijuana Demand Tops Ice Cream mc67 05/17/17 06:27:14 PM
#677   $MJ Editorial: Just Say No to Trump, Sessions' mc67 05/17/17 04:09:42 PM
#676   The 10-Q is not a pretty read IMO. tigerpac 05/15/17 11:51:48 PM
#675   Over the past six months the company has tigerpac 05/14/17 02:51:30 PM
#674   TURV News: Statement of Changes in Beneficial Ownership mick 05/14/17 02:33:49 PM
#673   Two Rivers Water & F (TURV) mick 05/14/17 02:33:35 PM
#672   $MJ Colorado marijuana sales top $131M, set record mc67 05/14/17 02:29:16 PM
#671   ok. I see where this is going.. have mc67 05/12/17 03:51:38 PM
#670   cmon now...we know they just announced the beginning tigerpac 05/12/17 03:32:02 PM
#669   c'mon now, I know about the sales.. we're mc67 05/12/17 01:41:03 PM
#668   https://ih.advfn.com/p.php?pid=nmona&article=74554692 tigerpac 05/12/17 01:37:30 PM
#667   Do you have a link/proof for this ? mc67 05/12/17 12:44:01 PM
#666   McKowen sold 86K shares in the last few tigerpac 05/12/17 12:13:16 PM
#665   They need the money badly in order to tigerpac 05/12/17 10:45:16 AM
#664   I hear ya. but they would risk losing mc67 05/12/17 10:34:22 AM
#663   Soon we will find out if mgmt has tigerpac 05/12/17 10:17:13 AM
#662   $TURV Harvesting is Imminent Investor Update 05/10/17 mc67 05/12/17 05:55:46 AM
#661   $MJ Your word is really all you have.. mc67 05/11/17 03:54:26 AM
#659   TURV paying a 10% Vic to borrow $300K tigerpac 05/10/17 10:20:25 AM
#658   $MJ Your Weekly Cannabis Briefing / mc67 05/10/17 03:58:16 AM
#657   $MJ Pennsylvania Sen. Daylin Leach Talks Marijuana Legalization: mc67 05/09/17 01:54:56 PM
#656   $MJ Study Finds Marijuana Might Reverse Aging in mc67 05/09/17 10:54:14 AM
#655   $MJ mmH ?? "Today’s ceremony, however, has very mc67 05/08/17 12:35:46 PM
#654   $MJ Congress Ties Jeff Sessions' Hands on Medical mc67 05/04/17 11:53:22 PM
#653   $TURV Marijuana is Legal in CO, Sessions mc67 05/04/17 07:30:02 AM
#652   $TURV ..only know the latest: mc67 05/03/17 08:22:33 PM
#651   I ended up grabbing some yesterday after all. Turkeybagholder 05/03/17 10:26:37 AM
#650   $TURV will be reporting on the 1st full mc67 05/03/17 02:57:03 AM
#649   $MJ Federal Agency Admits That Marijuana Could Curb mc67 05/02/17 08:36:03 PM
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