Limoneira Closes Sale of its Sevilla Property for $2.6 Million

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Dec 05, 2022

Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced the sale of its real estate development property referred to as “Sevilla” located in Santa Maria in Santa Barbara County, CA. The transaction closed on November 30, 2022 and the Company received approximately $2.6 million in cash proceeds and recorded an immaterial loss in the fiscal first quarter of 2023.