secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K/A
Filed at:   2025-04-10T23:59:59+00:00
Accession:  0001104659-25-033783
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limoneira receives $10M from JV distribution; targets $50M EBITDA by FY2030
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- Limoneira received $10M from $20M cash distribution from Harvest at Limoneira JV; total proceeds expected $180M over 7 fiscal years.
- Targets $50M adjusted EBITDA by FY2030, up from $15M in FY25, via avocado expansion, citrus growth, and asset monetization.
- Windfall Farms vineyard listed for sale at $33M; Agromin JV compost center expected $8M annual EBITDA.
- Net asset value per share estimated at $30.20-$38.95, compared to book value of $12.53.
- Sold 58 acre-feet of Santa Paula basin water pumping rights at $30,000/af, generating $1.7M; fallowing program yields $1.3M/yr.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000110465925033783/0001104659-25-033783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000110465925033783/tm2512046d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-033783

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer