date:Jan 17, 2019
for the company. This money was used to buy the San Pablo ranch and Oxnard Lemons packing station. It was also used to reduce the company's debt.
Limoneira bought San Pablo Ranch in Chile in July 2018 for $13,1 million. It has 1.342 hectares, about 100 of which are for lemon cultivation and 24,6 hectares for growing oranges. This acreage can be directly expanded with 48,5 hectares of lemon trees. There is also the potential to plant 200 hectares' worth of avocado trees.
In the same month, the