Limoneira Company's subsidiary sold approximately 724 acres of vineyard property in Paso Robles, California, to Paul Rusnak for $15 million via public auction. The transaction closes by September 14, 2026, with the buyer excluding the 2026 harvest from the sale. Limoneira expects to recognize an additional impairment charge of approximately $4.1 million in the fourth quarter of fiscal year 2026, bringing the aggregate impairment related to these assets to $13.4 million. Proceeds will reduce debt and fund avocado acreage expansion. Limoneira Company is a diversified lemon and avocado growing and packing company with real estate development operations.
