TWO RIVERS WATER & FARMING COMPANY (OTCMKTS:TURV) Files An 8-K Regulation FD DisclosureITEM 7.01 Regulation FD Disclosure
The information in this Item 7.01 of this Current Report is furnished to Item 7.01 and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.
Two Rivers Water & Farming Company, through its subsidiary Water Redevelopment Company, has begun a pilot program to deliver agricultural (ag) water to outdoor marijuana growers in the HCIC ditch system service area.
There is additional water demand in the area from users that do not have proper ditches and measuring devices to receive water through our system. Our ditch supervisor recognized this as a potential market and after clearing it with the local water commissioner, approached users in the area and discovered a need for ag water to be delivered on site by us.
A surplus tanker trailer (pictured above) was leased to the company for the sum of $1/ year by a Two Rivers' board member to be used in the pilot program. The first load of water was delivered on June 30, 2017.
In addition, our ditch supervisor recognized a market for local cattle producers needing water. We are in the process of securing agreements for water delivery to them.
With thisyears' snow melt and rainrunoff, after supplying the above demand, wehave enough water to provide additional ag water to other users within our service area in Pueblo County.
About TWO RIVERS WATER & FARMING COMPANY (OTCMKTS:TURV)
Two Rivers Water & Farming Company acquires and develops irrigated farmland and associated water rights and infrastructure. The Company converts irrigated farmland from traditional use to grow marginally profitable feed crops to use for growing fruit and vegetable crops. The Company’s segments include Farms and Water. The Company’s crop production consisted of cabbage, pumpkins and squash grown for human consumption, as well as feed crops, such as alfalfa, corn, oats and sorghum, planted as part of its crop rotation practice. The Company’s business model integrates irrigated farming and water distribution in a manner developed for semi-arid regions in the southwestern United States. The Company’s area of focus is the Arkansas River Basin, on the southern Front Range in Colorado.