US (CO): Two rivers sub signs two tenants for marijuana greenhouses

Two Rivers Water & Farming Company (OTCQB: TURV), ("Two Rivers"), (www.2riverswater.com), announced today that its wholly owned subsidiary, GrowCo, Inc ("GrowCo") has signed leases with two tenants for marijuana greenhouse growing and processing facilities being constructed in Pueblo County, Colorado. One of the tenants is a leading grower of marijuana in Colorado. The other tenant is a leading greenhouse grower, which also supplies soils, nutrients and greenhouse grow advice to the marijuana grow industry.

Under the terms of each lease, GrowCo will provide each grower with a 90,000 square foot fully equipped greenhouse and a 15,000 square foot marijuana infused products processing facility in exchange for annual lease payments of $20 a square foot for three years. Each grower will have the option to renew their lease for two additional three year terms.

In Colorado, 95+% of marijuana is grown inefficiently in converted warehouses using artificial light, HVAC systems, and dehumidifiers imitating skillsets that were developed prior to the legalization of marijuana. GrowCo greenhouses use state-of-the-art technology and skillsets used in commercial agriculture, which significantly reduces energy costs utilizing natural sunlight and natural open-air convection flows. GrowCo greenhouses grow a higher quality product in significantly higher volumes at substantially lower costs than converted warehouses. GrowCo's greenhouses are manufactured by Van Wingerden Greenhouse Company of Mills River, North Carolina.

Tim Beall, President and COO of GrowCo stated, "The marijuana industry in Colorado is developing into a commercial agricultural industry. If a closed-in converted warehouse, utilizing artificial light and HVAC systems, were the best way to grow herbs, fruits and vegetables you would see converted warehouses growing food everywhere. You don't see that. Instead, you see computer-controlled greenhouses capturing the natural light of the sun with open fresh air venting as the perfect growing environment. The same is true for marijuana. If you want to provide the highest quality organic product at the lowest prices for consumers, it will be grown in a greenhouse."

GrowCo provides qualified licensed growers with financing to transition from converted warehouses to greenhouses.

For more information:
Two Rivers Water & Farming Company
John McKowen
T: +1 (303) 222-1000
email:info@2riverswater.com

Publication date: Mon 8 Sep 2014