E Two Rivers Water & Farming Doubles In Past Month

two rivers growco

GrowCo expects to have a total of four greenhouses on its 160-acre tract of land in Pueblo County, Colorado within the next 18 months. When completed, GrowCo will lease to growers a total of 360,000 sq ft of greenhouse space and 60,000 sq ft of processing facilities.

GrowCo builds its greenhouses for $45 sq ft and leases its greenhouse systems for $20 sq ft annually.  When compared to converted warehouses, initial trials indicate growers will have the ability to grow up to 200% more product per square foot at half the cost.  The value proposition for licensed growers is a much lower cost per pound, for Two Rivers’ shareholders a significantly higher return on investment and for cannabis consumers a substantially lower cost, higher quality, naturally grown product.

The chart shows the incredible spike higher over the past month, breaking through both key moving averages. However, the RSI is now overbought and shares have hit resistance from July of last year. While we could see a continuation of the uptrend, new investors may want to wait for a pullback before establishing a position. Regardless, our long-term outlook is very bullish for the stock.

TURV Chart

 

I always like to take some profits off the table after such a huge run like this. When an investment doubles, I will often take 50% off the table and allow the remaining 50% to ride risk-free. But there are some short term catalysts that could cause the share price to continue higher. GrowCo will be a headline presenter at the 2015 World Cannabis Congress & Business Exposition in New York City from June 17th to the 19th.  They will also present at CannaCon in Denver  from June 11th to the 13th.

Bottom line? If you think water is becoming more valuable, that food prices will rise and that demand for high-tech, ultra-efficient cannabis greenhouses will continue to grow, you might want to look into Two Rivers Water & Farming. 

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Disclosure: Long TURV.

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Angry Old Lady 5 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 5 years ago Member's comment

Thanks for putting this stock on my radar!

Yasmin S 5 years ago Member's comment

Very interesting, definitely considering looking into this!