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Two Rivers Water and Farming Co. (TURV)

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Last Post: 7/10/2018 1:10:15 PM - Followers: 34 - 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: Withdrawal of Registration Statement (rw) 06/06/2018 06:02:26 AM
TURV News: Quarterly Report (10-q) 05/14/2018 12:26:25 PM
TURV News: Securities Registration Statement (s-1/a) 04/16/2018 03:28:11 PM
TURV News: Annual Report (10-k) 04/09/2018 06:20:18 AM
TURV News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 04/03/2018 06:10:46 AM
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#874   The downward spiral of the stock price continues. tigerpac 07/10/18 01:10:15 PM
#873   Withdrawal of Registration Statement (rw) Edgar (US Regulatory) mick 06/10/18 02:28:37 PM
#872   Quarterly Report (10-q) Edgar (US Regulatory) - 5/14/2018 mick 06/10/18 02:28:29 PM
#871   Annual Report (10-k) Edgar (US Regulatory) - 4/9/2018 mick 06/10/18 02:28:08 PM
#870   http://www.barchart.com/detailedquote/stocks/TURV mick 06/10/18 02:27:28 PM
#869   Two Rivers Water & F (TURV) mick 06/10/18 02:27:22 PM
#868   New blog post from McKowen...first in many months tigerpac 06/07/18 09:10:32 AM
#867   $TURV...quiet now , but get ready to buy...besides AXNMAN 05/30/18 08:54:08 PM
#866   GrowCo and GrowCo Partners 1, LLC v. Harding tigerpac 05/24/18 01:20:52 PM
#865   Finally cut thru 20 cent level to the downside. tigerpac 05/22/18 07:56:19 PM
#864   10-Q is out . Results are pitiful tigerpac 05/16/18 09:25:18 AM
#863   I'm not in it either. I feel badly lnghold 04/23/18 02:20:11 PM
#862   Yup...that's why I'm in neither. tigerpac 04/18/18 02:30:15 PM
#861   This is going to 0 as ngbl friend tigerpac... jpowellvlc 04/18/18 02:26:26 PM
#860   If you put the letter L on someones lnghold 04/17/18 07:39:57 PM
#859   If you recall TURV did an large share tigerpac 04/17/18 11:30:57 AM
#858   A real shite show going on here. tigerpac 04/16/18 12:06:23 PM
#857   http://www.stockscores.com/charts/charts/?ticker=TURV mick 04/07/18 12:20:29 PM
#856   CHANGING TIMES/ $TURV mick 04/07/18 12:20:18 PM
#855   I agree. This stock had big potential but lnghold 04/05/18 04:32:14 PM
#854   10-K delayed due to CFO resignation and change tigerpac 04/04/18 11:27:41 AM
#853   MJ is down in momentum, price with the lnghold 04/02/18 06:12:57 PM
#852   Don't think it's a Ponzi scheme. But it's tigerpac 03/27/18 07:56:02 PM
#851   So is this a ponzi scheme or just lnghold 03/27/18 06:16:19 PM
#850   That didn't last long. McKowen and Harding are tigerpac 03/13/18 10:53:57 AM
#849   While we appreciate the inside information the three tigerpac 03/03/18 11:42:09 AM
#848   I'm neither long or short on TURV stock. Actual Grower 03/01/18 06:13:45 PM
#847   I am just a very frustrated investor looking christianw 02/28/18 06:11:04 PM
#846   Harding seems to be giving it his best WrongBadGuy 02/28/18 03:58:49 PM
#845   Ah but I only posted the link to tigerpac 02/27/18 09:11:18 PM
#844   I think you might ask who wrongbadguy is Actual Grower 02/27/18 07:15:42 PM
#843   Judging by the tone of the three new tigerpac 02/27/18 11:26:50 AM
#842   I’ve been a shareholder for several years and christianw 02/26/18 02:49:08 PM
#841   You are asking the same questions, everyone else Actual Grower 02/25/18 09:48:03 PM
#840   Another Otto Hilbert client: WrongBadGuy 02/24/18 12:00:50 PM
#839   “Actual Grower” christianw 02/22/18 11:15:51 PM
#838   http://www.barchart.com/detailedquote/stocks/TURV mick 02/22/18 09:36:31 PM
#837   This stock is a barker. lnghold 02/22/18 01:18:58 PM
#836   For anyone wanting the real truth about John, Actual Grower 02/21/18 10:09:41 PM
#835   The unedited letter: WrongBadGuy 02/02/18 01:21:41 PM
#834   Wow. Thanks WrongBadGuy 02/02/18 12:53:02 PM
#833   Here is the 12/5/17 blog Update from McKowen. tigerpac 02/02/18 11:46:53 AM
#832   I just heard something bizarre. Tiger, do you WrongBadGuy 02/02/18 10:50:23 AM
#831   This was part of the original filing on 10/4/17: tigerpac 01/29/18 10:21:34 PM
#830   Anyone have any color on this? WrongBadGuy 01/29/18 11:06:09 AM
#829   This can't be spun as good news. tigerpac 01/24/18 01:13:15 PM
#828   Great find! tigerpac 01/24/18 12:12:08 PM
#827   Thank you, Tiger. This was just published: WrongBadGuy 01/24/18 11:02:01 AM
#826   Suggest everyone sign up for McGrow’s blog. =========================== This i tigerpac 01/24/18 10:25:33 AM
#825   Tiger - is this latest information from a WrongBadGuy 01/24/18 09:58:21 AM
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