Limoneira forms 50/50 JV with Agromin to build organics recycling facility; operational H2 FY2027

Limoneira CO

JV will process ~295,000 tons of organic waste annually; only permitted commercial composting center in Ventura County.
Revenue from gate fees and compost sales; Limoneira leases 70 acres for ~$560k/year plus water rights.
JV expected to contribute significant EBITDA equally shared; underutilized land and conserved water deployed.
Facility helps meet California SB 1383 mandates; will divert ~75% of Ventura County's landfilled organic waste.
Limoneira provides up to $5M revolving credit to NewCo, secured by NewCo assets, subordinated to future senior debt.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Limoneira CO entered into Land Lease Agreement with Agromin-Limoneira LLC (effective 2026-04-14).

Action: entry
Agreement: lease
Counterparty: Agromin-Limoneira LLC
Effective: 2026-04-14

Exact text from the filing

ormed a special purpose entity, Agromin-Limoneira LLC, a California limited liability company (“ NewCo ”), for the purpose

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Limoneira CO entered into Operating Agreement of Agromin-Limoneira LLC with California Wood Recycling, Inc. dba Agromin (effective 2026-04-14).

Action: entry
Counterparty: California Wood Recycling, Inc. dba Agromin
Effective: 2026-04-14

Exact text from the filing

on April 14, 2026, the Company entered into the Operating Agreement of Agromin-Limoneira LLC (the “ LLC Agreement ”) which provides for, among other things, the admittance of the Company and Agromin as 50% members of NewCo.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Limoneira CO entered into Revolving Line of Credit Agreement with Agromin-Limoneira LLC valued at $5,000,000 (effective 2026-04-14).

Action: entry
Agreement: credit facility
Counterparty: Agromin-Limoneira LLC
Value: $5,000,000
Effective: 2026-04-14

Exact text from the filing

on April 14, 2026, the Company and NewCo entered into a Revolving Line of Credit Agreement (the “ Loan Agreement ”) which provides financing to NewCo in the aggregate principal amount of up to $5,000,000

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Limoneira CO filing history →

Source: SEC EDGAR

accession 0001104659-26-043817

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