E Two Rivers Water & Farming Doubles In Past Month

TM Editors' Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

The drought continues in the Western states and we believe water will become an increasingly scarce and valuable resource going forward. It is the most fundamental necessity of life as we literally cannot live without it. Food prices have generally been on the rise over the past decade and this trend is likely to continue as the population swells and the amount of arable farm land remains constant or declines. Lastly, the cannabis industry is in its infancy and has huge growth ahead after several states have legalized the once demonized 'reefer madness.'

As an investor, how would you like to get exposure to all three of these sectors in one company? 

That company is Two Rivers Water & Farming (TURV). Being cautious of cannabis stocks, I set up a conference call with the CEO John McKowen. After a few conversations, I was convinced that this company was the real deal and I finally pulled the trigger and bought shares. On April 24th, I published an article titled "Food Water and Weed, Why I'm Bullish on Two Rivers Water and Farming." I made a bullish case for the stock and called out technical support at $0.50, suggesting the price could bounce in the near term.

The share price has since blasted higher from around $0.50 to over $1.00 today. We have more than doubled our investment in just over a month. 

GrowCo (majority-owned subsidiary of Two Rivers) has nearly completed construction of their first 91,000 sq ft greenhouse and 15,000 sq ft processing warehouse. Furthermore, they have already secured tenants for the project, which will be the largest modern cannabis greenhouse growing facility in Colorado.  The greenhouse has been leased to Suncanna, LLC, a newly formed Colorado limited liability company, whose principals have over twenty years experience in modern commercial greenhouse growing. As of June 4th, they have purchased their second greenhouse and plan to begin construction early this Fall.

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Disclosure: Long TURV.

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Angry Old Lady 4 years ago Member's comment

Thank you, I'm planning to do more research on this company. But do you have a larger version of the chart? My old eyes can't make it out.

Anastasija Janevska 4 years ago Member's comment

Thanks for putting this stock on my radar!

Yasmin Sohail 4 years ago Member's comment

Very interesting, definitely considering looking into this!