Limoneira sells Windfall Farms vineyard for $15M cash; expects $4.1M additional impairment

Limoneira CO

Windfall Investors LLC agrees to sell ~724-acre Paso Robles vineyard to Paul Rusnak for $15M all cash.
Closing expected by Sept 15, 2026; auction via Concierge Auctions, bidding Aug 5-15, 2026.
Company expects additional Q4 FY2026 impairment of ~$4.1M, aggregate ~$13.4M from terminated sale.
Net proceeds to reduce debt and fund avocado acreage expansion; 2026 harvest retained by seller.

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