DivestmentApr 20, 2026, 04:06 PM
Limoneira Subsidiary Sells 80% Interest in Paso Robles Land for $16M
AI Summary
Limoneira Company's subsidiary, Windfall Investors, LLC, entered an agreement to sell an 80% undivided tenant-in-common interest in 724 acres of land and related assets in Paso Robles, California, to Peak Holdings, LLC. The aggregate purchase price is $16 million, consisting of $10 million in cash and a $6 million promissory note. The transaction is subject to a due diligence period expiring on July 1, 2026, during which the buyer can terminate the agreement. This divestment is expected to provide Limoneira with significant capital.
Key Highlights
- Limoneira subsidiary selling 80% interest in 724 acres in Paso Robles.
- Total purchase price is $16,000,000.
- Payment includes $10,000,000 cash and $6,000,000 promissory note.
- $500,000 refundable deposit, half becomes non-refundable after July 1, 2026.
- Due diligence period ends July 1, 2026.