$TURV - GrowCo Purchases Second Cannabis Greenhouse
GROWCO BEGINS NEGOTIATIONS WITH LICENSED GROWERS IN OTHER STATES
GrowCo, Inc., (“GrowCo”) a majority owned subsidiary of Two Rivers Water & Farming Company (“Two Rivers” OTCQB: TURV) announced today that GrowCo has purchased their second state-of-the-art greenhouse. Construction will begin early this fall. When the second greenhouse is completed, GrowCo will have 180,000 square feet of grow space. A total of 360,000 square feet is to be completed in Colorado by the end of 2016.
GrowCo greenhouses provide licensed growers with an environmentally friendly computer controlled natural growing system. When compared to converted warehouses, initial trials indicate growers will have the ability to grow up to 200% more product per square foot at half the cost.
GrowCo expects to provide its greenhouses to licensed growers in other states. John McKowen, CEO of GrowCo, stated, “GrowCo greenhouses are being recognized as the preferred method for growing cannabis by potential licensed growers in other states. Through our recently created, funded and staffed business development division, we are able to provide potential licensees with a state-of-the-art turnkey cannabis growing and processing solution.”
Representatives from GrowCo have been invited to present at CannaCon in Denver from June 11th to the 13th before traveling to New York on June 15th to meet with investors prior to the conference at the Javits center. On June 22nd, representatives will attend the JSI Canada Cannabis Conference in Toronto.
