Kaanapali Land subsidiary agrees to sell ~20 acres in Lahaina, HI for $20M

KAANAPALI LAND LLC

Sale price $20M for 4 parcels (~20 acres) in Lahaina, HI; property damaged by Aug 2023 wildfires.
Buyer has 90-day due diligence period; additional 120-day environmental assessment after cleanup.
Seller may finance up to $9M at 8% simple interest if buyer cannot obtain third-party financing.
Closing subject to due diligence, environmental cure, and debris removal; no assurance of closing.

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