Limoneira Co. (LMNR) Monday said, effective April 11, it has completed sale of 165 thousand shares of Calavo Growers, Inc. (CVWG) at a price of $29.02 per share. Net proceeds are estimates to be around $4.8 million.
The company has recognized a gain of $3.1 million relating to the transaction.
The company has also agreed to sell its non-core East Ridge property in located Santa Barbara County for $6.0 million. The transaction is estimated to generate net proceeds of approximately $5.7 million.
Net proceeds generated by the Calavo and East Ridge transactions will be available to reduce its long-term debt and to make strategic investments into its growth initiatives, including real estate development and agribusiness expansion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.