Notes from $TURV first ever conference call (paraphrased as accurately as possible...typing while they talk):
CFO: "I was drawn to Two Rivers because of the opportunity with GrowCo... the math is pretty simple, build a grownhouse for roughly $6 million and rent it out then it pays for itself in 18 months."
Over $4 mill GrowCo loss for 2016 was pretty much entirely previous growhouse tenant's fault (as I mentioned in my last post).
Over past several years we have generated pretty much nothing in terms of revenue. We intend to change this ASAP. Focusing on water efforts, monetization of assets (see 10k), development and redevelopment, develop Colorado's last untouched watershed etc.
3 water projects in focus now... listen to CC yourself for more details. Mentioned they are considering developing a wildlife sanctuary (love this idea). Up to 12 trillion gallons of water possible from 1 of these projects (sorry not being more specific, trying to multi-task at work right now).
Had to take a work call shortly after Q&A started so listen to CC yourself using link in PR for the rest.
Co-Founder of Stock Board Asset.
Do your own DD and never trust anything without verifying it yourself.
