Two Rivers Water & Farming Company (OTCPK:TURV) entered into an agreement to acquire Vaxa Global, LLC from EASBY Land & Cattle Company, LLC for $9.3 million on February 21, 2019. Under the agreement, Two Rivers will issue 30 million shares of its common stock to EASBY at closing and, pursuant to an earn-out provision, may issue up to an additional 20 million shares based on EBITDA generated by Vaxa Global, Ekstrak Labs and Gramz Holdings over the twelve months ending March 31, 2020. It is expected that the earn-out shares, if any, would be issued by May 2020. In case of termination, Two Rivers Water will pay EASBY a termination fee of $1 million. The transaction is subject to standard conditions including, government approval as well as a requirement that Two Rivers enter into an agreement with holders of outstanding preferred units of TR Capital Partners, LLC under which all of the outstanding preferred units of TR Capital Partners will be exchanged for shares of Two Rivers common stock. The transaction is expected to close on or before April 15, 2019. As of April 16, 2019, the acquisition is expected to close on or before May 31, 2019. As of May 31, 2019, the transaction is expected to close July 31, 2019.