During the corresponding time, Two Rivers Water & Farming Co recorded a revenue increase by 980 % year on year, sequentially revenue grew by 134.78 %. While revenue at the Two Rivers Water & Farming Co's corporate clients
Two Rivers Water & Farming Co's Comment on Sales, Marketing and Customers
The produce industry, like many other industries, is built on relationships that
take place over time and involve a great deal of trust. Our produce relationships
were built exactly this way; DFP marketing relationships go back 20 years. Contracts
are negotiated on a yearly basis before planting begins. At the beginning of the
year, we reach out to our vendors to see what their needs are going to be for
that year and plant to their needs. Once it is planted, the contract has been
finalized with the agreed upon amount and price. About 20% of the produce we grow
does not have a contract, and will be sold to other vendors who contact us for
product.
We also have a network of growers that grow produce for us. Once our produce
contracts are finalized, and our planting schedule for the year is complete,
we reach out to our growers to ask them to plant the remaining crops we need.
As people in the area become aware of our operation, they are signing up to
grow for us.
Leasing
GrowCo’s subsidiary GrowCo Parnters 1, LLC leases a greenhouse and warehouse
to Suncanna, LLC pursuant to a lease agreement dated April 1, 2015. The lease
agreement is classified as an operating lease because it does not meet any of
the four criteria listed in subsection 25-1 of ASC 840-10-25,“Lease Classification
Criteria”.
On February 25, 2016, RH Group, LLC, a newly formed entity of which the Chief
Executive Officer of Two Rivers and GrowCo, John McKowen, holds a 60% membership
interest, entered into a definitive agreement to purchase all of the equity
interests of Suncanna from the previous owner.
Sources:
Two Rivers Water & Farming Co’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Two Rivers Water & Farming Co’s corporate clients.
For your research, we’ve provided 9 tables on Two Rivers Water & Farming Co corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
