GrowCo, Inc. finances initial cannabis greenhouse

Denver, Co.-- GrowCo, Inc. ("GrowCo"), a subsidiary of Two Rivers Water & Farming Company ("Two Rivers") (TURV), announced today that it has completed a $4.4 million equity financing. Proceeds from the financing will be used to acquire land and water, and fund the construction of a fully equipped greenhouse in Colorado that has been leased to a Colorado-licensed marijuana grower.

 

GrowCo expects to complete construction of the GCP 1 greenhouse by May 2015. The greenhouse is designed to have 90,000 square feet of growing space and 15,000 square feet of warehouse and processing space. The primary focus of the greenhouse facility will be to grow marijuana from which oils and other byproducts can be extracted and used for marijuana-infused products.

 

GrowCo is targeting the construction, through other subsidiaries, of three additional greenhouse facilities in Colorado in 2015. GrowCo, through its subsidiaries, combines proprietary greenhouse technology with the water, land and capital to build state of the art greenhouse facilities for licensed marijuana growers. GrowCo greenhouses can be built in any state that permits the legal growing of marijuana.

 

For more information about GrowCo, Inc.'s greenhouse construction, click here.