Limoneira Says Paso Robles Property Sale Falls Through After Buyer Terminates Deal

MT Newswires Live06-19

Limoneira (LMNR) disclosed in a regulatory filing Thursday that a buyer terminated a deal to purchase an 80% undivided tenant-in-common interest in the company's Paso Robles, California real estate parcels.

Peak Holdings, LLC walked away from the April 14 agreement on June 15, reclaiming its $500,000 escrow deposit under the contract's due diligence termination provision, the company said.

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