Limoneira (LMNR) Misses Q3 EPS by 7c; Trims FY15 EPS Outlook

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Go back to Limoneira (LMNR) Misses Q3 EPS by 7c; Trims FY15 EPS Outlook

Limoneira Company Enters into Agreement with Leading Land Developer, The Lewis Group of Companies, to Develop Santa Paula Gateway

September 9, 2015 8:05 AM EDT

-Planned Development of 500-Acre Master Planned Community in Santa Paula, California

-Expected to Offer Approximately 1,500 Residential Units for Sale

-Limoneira Expects to Receive Approximately $100 Million of Net Cash Flow Over Life of Project-

SANTA PAULA, Calif.--(BUSINESS WIRE)-- Limoneira Company (the "Company" or "Limoneira") (NASDAQ: LMNR) announced today that is has entered into a Contribution Agreement as the initial step that will facilitate a joint venture with The Lewis Group of Companies (the Lewis Group), a leading residential real estate investment company, for... More