Limoneira Agrees To Sell 724-Acre Windfall Farms Vineyard In Paso Robles For $15M; Proceeds Expected To Reduce Debt And Fund Avocado Expansion And Other Higher-Return Investments
Sale Expected to Advance Limoneira’s Strategy to Monetize Non-Strategic Assets and Redeploy Capital Toward Higher-Return OperationsLimoneira Company (the "Company" or "Limoneira") (NASDAQ:LMNR), a
Limoneira is selling a big vineyard for $15 million to pay down debt and invest in avocados, which they think will make more money. This shows the company is reshuffling what it owns to focus on businesses that earn better returns.
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