Alico, Inc. Announces New Supply Contract with Tropicana
Alico, Inc. (ALCO)
US:NASDAQ Investor Relations:
ir.stockpr.com/alicoinc/investor-home
Company Research
Source: GlobeNewswire
FORT MYERS, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that it entered into a new agreement with its largest customer to supply citrus fruit. This agreement is effective June 5, 2024 through July 31, 2027, subject to its terms and conditions. This supply agreement succeeds existing agreements that are set to expire at the end of July 2024. This agreement effectively sells the citrus fruit grown on approximately 65% of Alico’s currently planted acres to Tropicana Brands Group (“Tropicana”) at prices per pound solids that are approximately 33% to 50% higher over the term of the contract than the average price for all the citrus fruit sold to Tropicana last season. Alico has another supply contract with Tropicana that remains in effect through the 2024-25 harvest season. John Kiernan, Alico’s President and Chief Executive Officer, commented, “We are pleased to announce that we have extended our relationship with our
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ALCO
News
- Alico, Inc. Announces Amendment to its Revolving Line of Credit with MetLifeGlobeNewswire
- Alico, Inc. (NASDAQ: ALCO) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Alico: Florida Land Value Realization [Seeking Alpha]Seeking Alpha
- Alico, Inc. (NASDAQ: ALCO) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Alico (ALCO) Reports Q3 Loss, Lags Revenue Estimates [Yahoo! Finance]Yahoo! Finance
ALCO
Earnings
- 8/5/24 - Miss
ALCO
Sec Filings
- 9/17/24 - Form 8-K
- 9/13/24 - Form 8-K
- 8/5/24 - Form 10-Q
- ALCO's page on the SEC website