Two Rivers Water & Farming Company (TURV)
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