That's three times you've patted yourself on your back..I seem to recall that your initial posts were badmouthing Suncanna. No mention of ever being impressed by anything.
However Suncanna was the worst of all the guys involved as the former owner managed not only to get cited by the Colorado Enforcement Agency, he didn't pay back rent and he skipped out of town with his plants in trailers. Even worse (or better depending on your viewpoint), he sold his company to others and it turned out to be nothing more than a shell.
Hard to believe you were deciding between a penny stock and Facebook..
JVA has always been a company that relies on hedging gains and losses. They are attempting to be less reliant than in years past. So if results get bashed when there is a big hedging loss there should be the same enthusiasm when there is a big gain.
What do you mean how? The news was announced three months ago...
McKowen recognized he would make far more money owning Suncanna that he would at Two Rivers. He tried to do them both and the conflicts of interest were very obvious. I even pointed them out here and to my phone calls to Two Rivers. It was never made clear whether he took over Suncanna before or after they got into trouble with the Colorado Enforcement Agency. Having rent agreements forgiven when you are both landlord and tenant is pretty shady though some will think otherwise depending the date of ownership of Suncanna.
I hope Harding sticks it to McKowen if the later wants to re-lease the greenhouses.. Problem is that TURV/Growco needs Suncanna more than the other way around. The MJ plants that were harvested and those that were growing belong to Suncanna (and probably the former owner) anf TURV has no rights to them.
Bottomline, Turv/GrowCo has greenhouses but no tenants or pot.
Colorado Investor Group Purchases Suncanna
DENVER, CO--(Marketwired - Mar 4, 2016) - GrowCo, Inc. ("GrowCo"), a wholly owned subsidiary of Two Rivers Water and Farming Company (OTCQB: TURV) ("Two Rivers"), announced today that a Colorado investor group, headed by John McKowen, the CEO of Two Rivers, and Tim Beall, the Operations Manager of Suncanna, LLC, has entered into an agreement to purchase the membership interests of Suncanna, LLC, which leases GrowCo's first greenhouse, located in Pueblo, Colorado.
John McKowen stated, "We believe the private investor group's purchase of the Suncanna membership interests will better support GrowCo's growth and the interests of Two Rivers' shareholders.