Limoneira reports $30M share repurchase program, concludes alternatives process

Limoneira (LMNR) announced that its board of directors approved a share repurchase authorization to repurchase up to $30M of the company’s outstanding common stock. The company also announced that it formally concluded its process to explore potential strategic alternatives that was previously announced on December 1, 2023. While this formal exploration process has concluded, Limoneira remains committed to executing its comprehensive strategic roadmap to create long-term stockholder value. As part of the company’s normal course of business, Limoneira will continue to be opportunistic in evaluating potential strategic merger and acquisition opportunities, while also advancing its initiatives to monetize non-core assets.