GrowCo, Inc., a Colorado corporation ("GrowCo"), (TURV), announced today it has begun construction of its first greenhouse, which is leased to a licensed marijuana grower. To finance the construction, GrowCo raised $3,5000,000 in capital, $1,500,000 of which was provided by Two Rivers Water & Farming Company and $2,000,000 was provided by outside investors.
GrowCo constructs state-of–the–art computer controlled greenhouses, which are leased to licensed marijuana growers. The greenhouses are capable of producing two to three times the amount of marijuana at half the cost per square foot as can be grown in converted warehouses.
GrowCo is a majority owned subsidiary of Two Rivers Water & Farming Company, (TURV), which was formed for the purpose of constructing state-of-the-art computer controlled greenhouses for licensed marijuana growers throughout the United States. GrowCo is not a licensed marijuana grower or retailer. GrowCo does not "touch the plant" and only provides growing infrastructure as a landlord for licensed marijuana tenants. Progress on GrowCo construction projects can be viewed at trgrowco.com.