Limoneira receives $10M JV distribution; targets $50M EBITDA by 2030

Limoneira CO

Received $10M as 50% share of $20M distribution from Harvest at Limoneira JV with Lewis Group.
JV had $62.4M cash as of Jan 31, 2025; total expected proceeds $180M over seven fiscal years.
CEO says funds may be used for dividends, share repurchases, or debt reduction.
Annual meeting presentation targets $50M EBITDA by FY2030, driven by avocado expansion and asset monetization.
Presentation notes ongoing sale of Windfall Farms ($33M listing) and other international assets.

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