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Two Rivers Water and Farming Co. (TURV)

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Last Post: 4/29/2017 1:05:43 AM - 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: Current Report Filing (8-k) 04/03/2017 06:58:56 AM
TURV News: Annual Report (10-k) 03/30/2017 08:17:18 AM
TURV News: Current Report Filing (8-k) 03/28/2017 12:47:04 PM
TURV News: Current Report Filing (8-k) 03/22/2017 02:08:55 PM
TURV News: Current Report Filing (8-k) 03/08/2017 12:35:44 PM
PostSubject
#646   $MJ It looks like the Trump crackdown on mc67 04/29/17 01:05:42 AM
#645   What caused the large green candle end of C to the E 04/25/17 10:43:56 PM
#644   $MJ Study: Medical Marijuana Legalization Linked to Lower mc67 04/25/17 02:51:56 PM
#643   $TURV Nearing Time to Cash the Crop Investor Update 04/21/17 mc67 04/21/17 04:43:23 PM
#642   Vermont Senate Approves Marijuana Legalization For Adults mc67 04/21/17 04:16:45 PM
#641   $TURV I am only holding 2 this and mc67 04/21/17 03:18:48 PM
#640   Lol I only sold like 3,000 worth of lewsogge 04/21/17 01:58:58 PM
#639   I thought you took it down with the mc67 04/21/17 12:41:24 PM
#638   You know what I mean lol... for example lewsogge 04/21/17 12:35:56 PM
#637   ..group ? I just thought it was heading mc67 04/21/17 12:25:22 PM
#636   https://www.bloomberg.com/politics/articles/2017-04-20/how-trudeau-is-kind- lewsogge 04/21/17 12:11:06 PM
#635   $TURV Industry related: Will Jeff Sessions launch a mc67 04/20/17 03:04:30 PM
#634   $MJ Senators Plan Renewed Push for Marijuana Legalization mc67 04/19/17 07:38:02 PM
#633   https://www.merryjane.com/news/will-congress-end-federal-marijuana-prohibition-i mc67 04/18/17 10:39:28 AM
#632   Do you have a better link for that? lewsogge 04/18/17 09:26:56 AM
#631   Colorado bill making it a crime to grow mc67 04/13/17 11:11:13 AM
#630   $TURV Industry related: Since legalization export of Colorado mc67 04/13/17 05:27:57 AM
#629   $TURV Industry related: This is how Colorado could mc67 04/12/17 04:12:35 PM
#628   $TURV $SRNA Will Congress End Federal Marijuana Prohibition mc67 04/09/17 03:51:02 AM
#627   Two Rivers Water & F (TURV) mick 04/08/17 12:56:46 PM
#626   Yup lets hope.. I honestly just cut half lewsogge 04/07/17 12:50:22 PM
#625   $TURV Industry related: The Colorado House and Senate mc67 04/06/17 11:09:19 PM
#624   Excellent questions, and great replies by Company. Norsk1964 04/06/17 02:32:12 PM
#623   Nice! Thank you for sharing, didn't see lewsogge 04/06/17 02:20:35 PM
#622   $TURV GrowCo Tenant Update Investor Update 04/05/17 mc67 04/05/17 05:53:04 PM
#621   I emailed CEO Wayne Harding a couple questions lewsogge 04/05/17 12:46:50 PM
#620   $TURV Industry related: Roger Stone Tells Trump to mc67 04/05/17 12:00:42 AM
#619   Just updated the intro board so its more lewsogge 04/04/17 12:18:02 PM
#618   $TURV Water $ Marijuana !! ..sounds like you're mc67 04/03/17 04:17:30 PM
#617   Great find, thank you for sharing! lewsogge 04/03/17 01:14:19 PM
#616   $TURV mmh ? Industry related: Water rights mc67 04/01/17 05:20:05 PM
#615   The entire company summary page above the message tigerpac 03/31/17 12:27:04 PM
#614   Go back to post 467 on the board tigerpac 03/31/17 12:14:50 PM
#613   Look at the prices for crops/produce 3+ years lewsogge 03/31/17 12:07:05 PM
#612   4 greenhouse, oh ok, Thanks mc67 03/30/17 11:56:07 PM
#611   ..yeah I just watched a show on California mc67 03/30/17 11:55:25 PM
#610   I got a different feeling from the 10-K. tigerpac 03/30/17 11:41:39 PM
#609   If I remember right. We get them after jpo699 03/30/17 10:28:16 PM
#608   Where are my 2014 growco shares ? mc67 03/30/17 09:18:01 PM
#607   Notes from $TURV first ever conference call (paraphrased lewsogge 03/30/17 04:43:26 PM
#606   10-k out! Just finished reading it all lewsogge 03/30/17 11:00:26 AM
#605   I honestly didn't think twice about it... water lewsogge 03/29/17 02:05:42 PM
#604   I thought the same.. ? mmh mc67 03/28/17 09:23:36 PM
#603   To be honest, after several years of first tigerpac 03/28/17 09:02:06 PM
#602   I just wish that i could guess the jpo699 03/28/17 06:02:55 PM
#601   $TURV Two Rivers Announces Formation of Water Redevelopment mc67 03/28/17 03:48:46 PM
#600   Boy, you called that one correctly! Yes, Norsk1964 03/28/17 10:28:05 AM
#599   I like it, smart move by management to lewsogge 03/28/17 10:20:35 AM
#598   NEWS TODAY! TWO RIVERS FORMS WATER DEVELOPMENT COMPANY Investor Update Norsk1964 03/28/17 08:16:42 AM
#597   My guess is there spinning out the water jpo699 03/27/17 10:47:57 PM
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