other material
confidence high
sentiment neutral
materiality 0.55
Maui Land & Pineapple's $7M land sale agreement terminated by purchaser; property to be re-marketed
MAUI LAND & PINEAPPLE CO INC
- Purchaser Shawn Sims canceled purchase agreement for 11.883-acre Piiholo parcel on Sep 25, 2024.
- Initial $300,000 deposit to be refunded; no fees retained.
- Purchase price was $7,000,000; MLP will re-market the parcel as part of non-strategic land sale plan.
- MLP continues to execute operational plan to sell non-strategic land parcels.