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Stock impact report

Alico, Inc. Announces Strategic Transformation of Agriculture Operations to Unlock Value in Land Holdings

Alico, Inc. (ALCO) 
US:NASDAQ Investor Relations: ir.stockpr.com/alicoinc/investor-home
Company Research Source: GlobeNewswire
Company announces it will wind down its Alico Citrus division to focus on its long-term diversified land usage and real estate development strategy Conference call and webcast to discuss announcement at 8:30 am Eastern Time today         FORT MYERS, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or “the Company”) (Nasdaq: ALCO), today announces a strategic transformation to become a diversified land company with each of its properties now expected to create profitable agricultural revenue opportunities that are not citrus-related until the Highest and Best Use (“HBU”) for these acres can be realized. Alico owns approximately 53,371 acres of land across eight counties in Florida, as well as approximately 48,700 acres of oil, gas Read more
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