On Friday, the penny stock of Two Rivers Water & Farming Company (TURV) continued on its 2nd day of extreme volume after an 8K filing was spotted indicating the water arbitrage focused farming company completed negotiations with a leading greenhouse operator and a leading medical marijuana grower and retailer in Colorado. Shares of TURV stock spiked on the highest volume seen in over 2 years, thus returning the price back to above $1 which hadn’t been visited in over 3 months. Considering how successful 2013 was compared to 2012 after revenues grew by more than 100% to 7 figures, the venture into an operating cannabis operation and how limited the availability is due to a low public float, a stretch to set a new 52 week high prior to Friday is very likely.
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TURV Stock Quote
Market Cap: 23.64M
Last: 0.95 ▲ +0.255 (+36.69%)
Volume: 341,993
Dollar Volume: $324,893
Open: 0.73
High: 1.20
Low: 0.69
Trades: 274
14-Day RSI: 65.30%
1st Resistance Point: 1.2033
1st Support Level: 0.6933
52Wk High: 1.34
52Wk Low: 0.52
Two Rivers Water & Farming has a very unique business model which leaves virtually no doubt that this venture into the marijuana industry by contributing capital and certain water assets not used in their core agricultural activities to become a majority shareholder and founding member in the new company is above board. The company just came off a year whereby they grew their cash from $1.34 million on December 31, 2012 to $2.07 million as of December 31, 2013 which was still only a fraction of the $41.07 million of total assets.
How they work is pretty ingenious: Two Rivers acquires irrigated farmland used for feed crop production and redevelops it into fruit and vegetable crop production. Once redevelopment is completed, the Company sells the farmland to institutional investors with a lease back from the investors to themselves which allows them to expand revenues and earnings without having to issue additional common stock.
Seems to be working quite well because, as per their proxy materials issued for their annual shareholder meeting to be held Wednesday, June 11, 2014, Two Rivers only had 24,879,549 shares of common stock outstanding, 6,205,278 of which were owned by officers and directors at the time of the filing. After seeing how revenues grew from $979,000 for the year ended December 31, 2012 to slightly over $2 million for the year ended December 31, 2013, thinking that TURV can still grow after the spike on Friday is about as safe a choice their is among the marijuana stocks on the OTC.
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About TURV Stock
Two Rivers Water & Farming Company is a development stage company that operates a new farming and water business model suitable for arid regions in the Southwestern United States whereby the Company synergistically integrates high value fruit and vegetable farming and wholesale water distribution into one company.
Click here to view the SEC filings for TURV.
Click here to view the website for Two Rivers Water & Farming
Authorized: 100,000,000
Issued and Outstanding: 24,879,549
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 05/09/14 | 0.7300 | 1.2000 | 0.6900 | 0.9500 | +0.2550 | +36.69% | 341,900 |
| 05/08/14 | 0.6600 | 0.6950 | 0.5200 | 0.6950 | +0.0250 | +3.73% | 206,300 |
| 05/07/14 | 0.6900 | 0.6900 | 0.6700 | 0.6700 | -0.0300 | -4.29% | 1,400 |
| 05/06/14 | 0.6850 | 0.7000 | 0.6850 | 0.7000 | +0.0100 | +1.45% | 20,000 |
| 05/05/14 | 0.6000 | 0.7000 | 0.6000 | 0.6900 | +0.0400 | +6.15% | 21,000 |
Bottom Line:
TURV is about as solid and legit as you can find in among the pile of marijuana penny stocks that are trying to sucker every college kid into buying their shares. Keep a close eye out on an early morning dip for a chance to score some cheapies. Although its unlikely to see TURV stock dip below 0.90, seeing it surpass 1.34 is a virtual lock.
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