Limoneira Leadership to Discuss Strategic Transformation and Value Drivers at 37th Annual ROTH Conference
Limoneira (LMNR) announced its participation in the 37th Annual ROTH Conference at the Laguna Cliffs Marriott in Dana Point, California on March 17th-18th. CEO Harold Edwards and CFO Mark Palamountain will conduct one-on-one investor meetings to discuss the company's strategic transformation.
The transformation strategy focuses on three key areas:
- Strategic land development, entitlements, water rights monetization, and asset sales to realize premium asset value
- Expansion of avocado production to 2,000 planted acres with a target of 30 million pounds annually
- Growth of citrus operations through an asset-lighter model, targeting 80% supply from grower partners
Limoneira (LMNR) ha annunciato la sua partecipazione al 37° Annual ROTH Conference presso il Laguna Cliffs Marriott a Dana Point, California, il 17 e 18 marzo. Il CEO Harold Edwards e il CFO Mark Palamountain condurranno incontri individuali con gli investitori per discutere la trasformazione strategica dell'azienda.
La strategia di trasformazione si concentra su tre aree chiave:
- Sviluppo strategico del territorio, diritti di proprietà, monetizzazione dei diritti idrici e vendite di beni per realizzare un valore premium degli asset
- Espansione della produzione di avocado a 2.000 acri piantati con un obiettivo di 30 milioni di libbre all'anno
- Crescita delle operazioni citriche attraverso un modello con meno asset, puntando all'80% dell'approvvigionamento da partner coltivatori
Limoneira (LMNR) anunció su participación en la 37ª Conferencia Anual ROTH en el Laguna Cliffs Marriott en Dana Point, California, del 17 al 18 de marzo. El CEO Harold Edwards y el CFO Mark Palamountain llevarán a cabo reuniones individuales con inversores para discutir la transformación estratégica de la empresa.
La estrategia de transformación se centra en tres áreas clave:
- Desarrollo estratégico de tierras, derechos de propiedad, monetización de derechos de agua y ventas de activos para realizar un valor premium de los activos
- Expansión de la producción de aguacate a 2,000 acres plantados con un objetivo de 30 millones de libras anuales
- Crecimiento de las operaciones cítricas a través de un modelo con menos activos, apuntando al 80% del suministro de socios cultivadores
Limoneira (LMNR)는 3월 17일부터 18일까지 캘리포니아 다나포인트의 라구나 클리프스 메리어트에서 열리는 제37회 연례 ROTH 컨퍼런스에 참가한다고 발표했습니다. CEO 해롤드 에드워즈와 CFO 마크 팔라운타인은 회사의 전략적 변화를 논의하기 위해 투자자들과 일대일 회의를 진행할 것입니다.
변화 전략은 세 가지 주요 분야에 중점을 두고 있습니다:
- 프리미엄 자산 가치를 실현하기 위한 전략적 토지 개발, 권한, 수자원 권리의 수익화 및 자산 매각
- 연간 3천만 파운드를 목표로 2,000 에이커의 아보카도 생산 확대
- 재배자 파트너로부터 80%의 공급을 목표로 하는 자산 경량 모델을 통한 감귤 운영 성장
Limoneira (LMNR) a annoncé sa participation à la 37ème Conférence Annuelle ROTH qui se tiendra au Laguna Cliffs Marriott à Dana Point, Californie, les 17 et 18 mars. Le PDG Harold Edwards et le directeur financier Mark Palamountain réaliseront des réunions individuelles avec des investisseurs pour discuter de la transformation stratégique de l'entreprise.
La stratégie de transformation se concentre sur trois domaines clés :
- Développement stratégique des terres, droits fonciers, monétisation des droits d'eau et ventes d'actifs pour réaliser une valeur d'actif premium
- Expansion de la production d'avocats à 2 000 acres plantés avec un objectif de 30 millions de livres par an
- Croissance des opérations d'agrumes grâce à un modèle allégé en actifs, visant 80 % de l'approvisionnement provenant de partenaires cultivateurs
Limoneira (LMNR) hat seine Teilnahme an der 37. jährlichen ROTH-Konferenz im Laguna Cliffs Marriott in Dana Point, Kalifornien, am 17. und 18. März angekündigt. CEO Harold Edwards und CFO Mark Palamountain werden Einzelgespräche mit Investoren führen, um die strategische Transformation des Unternehmens zu erörtern.
Die Transformationsstrategie konzentriert sich auf drei Schlüsselbereiche:
- Strategische Grundstücksentwicklung, Berechtigungen, Monetarisierung von Wasserrechten und Verkauf von Vermögenswerten zur Realisierung eines Premiumwerts der Vermögenswerte
- Erweiterung der Avocado-Produktion auf 2.000 bepflanzte Acres mit einem Ziel von 30 Millionen Pfund jährlich
- Wachstum der Zitrusoperationen durch ein vermögensärmeres Modell, mit dem Ziel von 80 % der Versorgung von Anbaupartnern
- Expansion to 2,000 acres of avocado production
- Strategic monetization of water rights and land assets
- Shift to asset-light model in citrus operations
- Target of 30M pounds annual avocado production
- Dependency on grower partners for 80% of citrus supply
Management will discuss Limoneira’s strategic transformation, including:
- Realizing premium asset value through strategic land development and entitlements, water rights monetization, and asset sales
- Expanding avocado production to 2,000 planted acres, targeting 30 million pounds of avocados annually
-
Growing citrus operations through an asset-lighter model, targeting
80% of supply from grower partners
Harold Edwards, President and Chief Executive Officer of the Company, stated, "Limoneira continues to execute on our strategic transformation to unlock shareholder value through transformative land-use conversion and water monetization, while growing our avocado and citrus returns. We look forward to sharing our progress and growth initiatives with the investment community."
About Limoneira Company
Limoneira Company, a 132-year-old international agribusiness headquartered in
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Limoneira’s current expectations about future events and can be identified by terms such as “expect,” “may,” “anticipate,” "plans", “intend,” “should be,” “will be,” “is likely to,” “strive to,” and similar expressions referring to future periods.
Limoneira believes the expectations reflected in the forward-looking statements are reasonable but cannot guarantee future results, level of activity, performance or achievements. Actual results may differ materially from those expressed or implied in the forward-looking statements. Therefore, Limoneira cautions you against relying on any of these forward-looking statements. Factors that may cause future outcomes to differ materially from those foreseen in forward-looking statements include, but are not limited to: success in executing the Company’s business plans and strategies, including the review and evaluation of strategic transactions; the process by which the Company engages in its evaluation of strategic transactions; the outcome of potential future strategic transactions and the terms thereof; the possibility that the evaluation of potential strategic transactions will not realize any additional value to our stockholders, and managing the risks involved in the foregoing; changes in laws, regulations, rules, quotas, tariffs and import laws; weather conditions that affect production, transportation, storage, import and export of fresh product; increased pressure from crop disease, insects and other pests; disruption of water supplies or changes in water allocations; disruption in the global supply chain; pricing and supply of raw materials and products; market responses to industry volume pressures; pricing and supply of energy; changes in interest and currency exchange rates; availability of financing for land development activities; political changes and economic crises; international conflict; acts of terrorism; labor disruptions, strikes or work stoppages; loss of important intellectual property rights; inability to pay debt obligations; inability to engage in certain transactions due to restrictive covenants in debt instruments; government restrictions on land use; and market and pricing risks due to concentrated ownership of stock. Other risks and uncertainties include those that are described in Limoneira’s SEC filings that are available on the SEC’s website at http://www.sec.gov. Limoneira undertakes no obligation to subsequently update or revise the forward-looking statements made in this press release, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250303047592/en/
Investor:
John Mills
Managing Partner
ICR 646-277-1254
Source: Limoneira Company
FAQ
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