Wednesday, July 23, 2014
Two Rivers Unveils GrowCo Structure
Jul 23, 2014 (ACCESSWIRE via COMTEX) Huerfano County Grow Facility to be Part of Planned Urban Development DENVER, Colorado / ACCESSWIRE / July 23, 2014 / Two Rivers Water & Farming Company (OTCQB: TURV, Two Rivers ) (www.2riverswater.com) today unveiled its development and capitalization plans for GrowCo, Inc. (GrowCo), a new subsidiary formed to develop facilities for growing marijuana in Colorado. GrowCo issued 20,000,000 common shares, equaling 66.67% of its outstanding common stock, to a Two Rivers subsidiary in exchange for 300 acres of land and the associated water rights along with providing all capital necessary to build out two independent marijuana grow facilities located in Pueblo and Huerfano Counties in Colorado. GrowCo will issue an additional 5,000,000 restricted shares of common stock, equaling 16.67% of GrowCo, to founders providing consulting and employee services and reserve 5,000,000 restricted shares, equaling 16.67% of GrowCo, for employees and advisors providin
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