Sep 5, 2014

GrowCo Signs Two Tenants for Marijuana GreenhousesSource: Two Rivers Water & Farming

GrowCo Inc., a subsidiary of Two Rivers Water & Farming Co., has signed leases with two tenants for marijuana facilities being constructed in Pueblo County, Colorado. GrowCo will provide each grower with a 90,000-square-foot, fully equipped greenhouse and a 15,000-square-foot, marijuana-infused products processing facility. One tenant is a leader growing of marijuana in Colorado, while the other is a leading greenhouse grower, which also supplies soils, nutrients and greenhouse grow advice. GrowCo’s greenhouses are manufactured by Van Wingerden Greenhouse Co. in Mills River, North Carolina. Growers pay annual lease payments of $20 per square foot for three years, and after three years, they will have the option to renew their lease for two additional three-year terms. For more information on GrowCo and the contracts, visit www.trgrowco.com.