secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001104659-22-112693
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limoneira closes $20M sale of Oxnard packing facility; proceeds to reduce debt
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- Sold Oxnard Lemon Packing Facility to Ventura County Railway for $20M in cash proceeds.
- Expects ~$900K gain in fiscal Q4 2022 ending Oct 31, 2022; uses proceeds to reduce debt.
- CEO highlights strategy to monetize over $150M of non-core assets; additional monetization events expected.
- Leases back wash and storage space from buyer for 36 months at no additional net cost.
- Company reports over 15,400 acres with fair market values >$600M vs. balance sheet book value of $220M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000110465922112693/0001104659-22-112693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000110465922112693/tm2229209d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-112693

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