Two Rivers Water and Farming Co. (fka TURV)

[tigerpac]

To follow up on this post, McKowen is also claiming that the extraction machine was improperly installed with the cooling unit hoses crossed. As a result, for over 4 months, they did not produce sellable oil and lost an estimated $500K in trim product and millions in revenue.

What is unknown is if this was before or after they announced the oil contract.

They evicted GCR tenant 1-2 and have a bond set at $1.3 million in back rent. Wonder if they will ever see the money.

Tenant 1-1, which is McKowen will take over all of greenhouse 1 until they can find another partner. Greenhouse 2 is way behind schedule in being constructed.

Apparently the big issue lies in the crop loss of 1200 lbs of flower production three months ago that was a result of combination of spider mites, seeded plants, and mold. McKowen says it's the landlord's fault (coupled with Beall's poor management performance developing a pest control system). Harding is blaming the tenant, McKowen (coupled with Beall's poor management performance) since they supposedly don't touch the crop and they say it's the tenants problem and just want them (McKowen) to pay the back rent. Beall says he is not at fault and is going to sue both Harding and McKowen companies for making him the scape goat.

Insiders are fighting for any money that is generated and shareholders will come last even though they are some of the largest shareholders in the company. I expect to see administrative expenses increase exponentially before anything is settled.