Pure Cycle is divesting itself of 10% of the farms purchased from High Plains A & M -- '... won't affect farm operations' -- Mark Harding

From The Pueblo Chieftain (Chris Woodka):

“We’re selling a small percentage of our portfolio, but it won’t affect our farm operations,” said Mark Harding, Pure Cycle president.

Pure Cycle bought 65 farms on the Fort Lyon Canal from High Plains A&M in 2006 after High Plains had acquired about 22 percent of the shares on the Arkansas Valley’s largest canal.

High Plains lost a water court challenge, which was upheld by the state Supreme Court, to converting the shares to municipal use because it was speculative.

More Arkansas River Basin coverage here.