other material
confidence high
sentiment positive
materiality 0.65
Limoneira JV gets approval for 550 additional dwelling units at Harvest community (1,500 to 2,050)
Limoneira CO
- Santa Paula City Council approved increase from 1,500 to 2,050 dwelling units (37% increase) on April 3, 2024.
- Addition includes 250 single-family homesites in Phase 3 and 300 multi-family rental homes.
- Phase 1 (707 units) closed Oct 2023; Phase 2 (554 units) closed April 30, 2024.
- CEO says cash-flow projection update expected in Q2 2024 earnings release in June.