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Stock impact report

Limoneira Monetizes Portion of Its Premium 21,000 Acre-Feet of Water Rights at $30,000 per Acre-Foot

Limoneira Co (LMNR) 
Last limoneira co earnings: 3/11 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.limoneira.com/investor-relations
Company Research Source: Business Wire
Strategic Sale of Santa Paula Basin Water Pumping Rights Validates Long-Term Water Resource Strategy While Retaining Significant Portfolio ValueThree Separate Transactions Total $1.7 Million at $30,000 per Acre-Foot; Demonstrating the Value of 9,000 Acre-Feet of Water in Santa Paula Basin SANTA PAULA, Calif.--(BUSINESS WIRE)--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 successful completion of three separate water pumping rights transactions in the Santa Paula Basin, totaling $1.7 million. The sales, which valued the water pumping rights at $30,000 per acre-foot, underscore the increasing value of water resources in the region and validate the Company’s long-term strategy of optimizing water asset management.The transactions represent a strategic monetization from the Company’s substantial portfoli Show less Read more
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