Limoneira forms 50/50 JV with Agromin to expand organic waste facility; first-year EBITDA ~$5M

Limoneira CO

JV plans 70-acre commercial composting facility (from existing 15 acres) processing green and food waste.
First-year EBITDA projected at $5.0M shared equally; growing to $9.0M annually over ten years.
Limoneira to lease site for ~$0.6M/year, strengthening rental operations segment.
Project boosted by $10.0M CalRecycle grant; construction starts FY2025 with phased 2026 completion.
Facility expected to process ~295,000 tons of organic waste per year once fully operational.

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