Two Rivers Water & Farming Company is a developer of water rights and farmlands in Colorado. It has also started its operations in the marijuana industry, offering infrastructure for growing the cannabis plant.
The company owns water rights in the Arkansas River Basin in the Colorado area. These water rights allow Two Rivers to conduct certain management activities with the water, such as diverting its stream flow, pumping out ground water, and running storage reservoirs. On a long-term historic average, Two Rivers is estimated to divert some 15,000 acre-feet of water annually.
In terms of farming, Two Rivers operates by upgrading irrigated lands, transforming them from being low-value crop areas into farmlands for high-value vegetables and fruits. The company has 7,465 gross acres of farmland located in southeastern Colorado, where it grows crops like cabbage, corn, pumpkin, and oats. It then sells the produce through Dionisio Farms & Produce, its wholly owned subsidiary.
Another subsidiary of Two Rivers is GrowCo, Inc, and this caters to the marijuana industry. It offers leases for cannabis growing and processing facilities, and also provides growers with education on maximizing a modern greenhouse environment. The company projects that in the next four years, it may lease up to 12 such facilities in Colorado.
Two Rivers Water and Farming began in 2002. It was formerly Navidec Financial Services, Inc and then Two Rivers Water Company. It became Two Rivers Water and Farming Company in 2013.
The company is traded as TURV in the OTC markets and has a market cap of USD 18.9 M.
Key executives at Two Rivers are Chairman and CEO John R. McKowen, VP of Operations Kirsty Cameron, CFO Wayne E. Harding III, and COO of Farming Russ Dionisio.
Two Rivers Water & Farming Company
2000 S. Colorado Blvd,
Denver, CO 80222
Phone: (303) 222-1000
Yahoo! Finance: TURV News
Latest Financial News for TURV
Two Rivers Water & Farming Company ("Two Rivers") (TURV), a vertically integrated agricultural, water rights and consumer products company, announces its forecast for the hemp crop planted on the Butte Valley Farm in Huerfano County, Colorado. After the harvest, Two Rivers also expect to have sufficient seedlings for a full planting on the 158-acre existing farm in Butte Valley and has started a propagation facility in Springfield, CO to grow additional seedlings for next year. Additionally, the company determined that a lack of proper onsite management exacerbated the problem which the company plans to correct in the operating plan for 2020.
DENVER, CO, Sept. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Two Rivers Water & Farming Company (OTCQB: TURV), today released a transcript and highlights from its investor call held on September 10, 2019. “We have an aggressive goal of becoming a leading integrated seed-to-sale operator - which we hope to achieve by utilizing our existing footprint and then building out the downline businesses to deliver higher retail margins through acquisition and internal development. “To position ourselves for 2020 and to raise the money to plant, grow, harvest, and process hemp on up to 1,000 acres, we needed to work out any kinks we found this year on the farms, develop our seed and clone inventory and gain experience on farming in this region.
DENVER, Colorado, Sept. 10, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Two Rivers Water & Farming Company (OTCQB: TURV) today announced the resignation of Chief Executive Officer Wayne Harding, and the appointment of Greg Harrington as Interim Chief Executive Officer. Mr. Harrington will also replace Mr. Harding on the Board of Directors and assume his role as Acting Chief Financial Officer. Mr. Harding joined Two Rivers in July 2008, became the Chief Financial Officer in September 2009 and the Chief Executive Officer in June 2016.
DENVER, CO, Sept. 10, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Two Rivers Water & Farming Company (OTCQB: TURV) announced today its wholly owned subsidiary, Vaxa Global, LLC (Vaxa) has reached agreements with Montverde Partners, LLC (Montverde) to acquire extraction equipment, seeds and clones inventory and full ownership of the 2019 hemp crop from the Butte Valley farm. Monteverde is a joint venture partner of Vaxa in the Butte Valley hemp farming operation near Walsenburg, CO.
Two Rivers Water & Farming Company (“Two Rivers” or the “Company”) (TURV), which acquires, manages and develops the infrastructure of various agricultural industries including water rights and hemp, today announced a correction to the dial-in instructions for tomorrow’s scheduled conference call with existing and potential Two Rivers’ shareholders Sept. 10, 2019 at 4:30 P.M. ET. Management will be discussing recent Two Rivers’ developments. Participating in this call will be Two Rivers’ CEO and acting CFO Wayne Harding, Two Rivers’ Chairman Gerald Anderton, and Vaxa Global’s Managing Director Greg Harrington.