GrowCo was formed to construct computer-controlled greenhouses and extraction/processing facilities for licensed marijuana tenants and does not cultivate or retail cannabis itself. It has completed part of a capital raise to finance completion of an initial greenhouse and warehouse and to build a second greenhouse and extraction facility. GrowCo completed $2.5 million of a planned $7.0 million capital raise to finance construction and to provide payments that assist its parent Two Rivers’ operations until lease cash flow resumes. Two Rivers currently owns approximately 50% of the equity in the first greenhouse and the companies are finalizing an agreement whereby Two Rivers will receive roughly 50% ownership of all greenhouse facilities until GrowCo goes public. GrowCo expects to complete the second greenhouse and extraction facility before December 31, 2016, and plans to lease both facilities to Johnny Cannaseed pending proper Colorado cannabis licensing. The company is managing a litigation and eviction process against a prior tenant, Suncanna, which allegedly owes over $2,000,000 in past due rent and other claims.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2016