Limoneira to sell 724-acre vineyards for $15 million; impairment totals $13.4 million
Limoneira subsidiary Windfall Investors agreed on August 15, 2026 to sell five Paso Robles, California vineyard properties of about 724 acres to Paul Rusnak for $15 million, following a public auction. The company also expects an additional impairment charge of about $4.1 million, bringing the total impairment to about $13.4 million, which the company links to the sale and to a previously terminated sale.
Key points
- Purchase price is $15 million; buyer must post a 12% nonrefundable earnest money deposit
- Closing is scheduled no later than September 14, 2026 (the press release says September 15); the deal is not conditioned on financing
- Additional impairment of about $4.1 million expected in Q4 fiscal 2026, on top of about $9.3 million previously estimated for Q2, for about $13.4 million total
- Seller keeps the 2026 harvest and access to farm through November 30, 2026; CEO Harold Edwards said proceeds will reduce debt and fund avocado acreage expansion
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.