Limoneira forms 50/50 JV with Agromin to build organics recycling facility on 70 acres

Filed April 15, 2026 · Period ending April 14, 2026 · ~1 min read

Key Changes

• high

  Limoneira formed equal joint venture with Agromin to design, construct and operate an organics recycling facility on company-owned Ventura County land, expected operational by second half of fiscal 2027.

  Item 1.01 verify on EDGAR →
• medium

  Company committed up to $5 million revolving credit to the JV at SOFR plus 3.50%, maturing in 18 months, secured by JV assets and subordinated to up to $23 million in senior construction debt.

  Item 1.01 verify on EDGAR →
• medium

  Limoneira will lease 70 acres to the JV for 50 years with renewal options up to 89 additional years, receiving $140,000 quarterly rent once operational, subject to annual escalations.

  Item 1.01 verify on EDGAR →