Welcome to our dedicated page for Alico news (Ticker: ALCO), a resource for investors and traders seeking the latest updates and insights on Alico stock.
Alico Inc. reports developments as a Florida agribusiness and land management company that has shifted toward a diversified land-company model. Recurring updates cover land sales, agricultural leasing, rock and sand royalty revenue, and agricultural operations tied to the company’s Florida acreage portfolio.
Company news also includes progress on strategic land development, including Corkscrew Grove East Village and the broader Corkscrew Grove Villages project in Southwest Florida. Other recurring themes include financial results, capital-return actions, development entitlements, permitting matters, and investor conference participation.
Alico, Inc. (Nasdaq: ALCO) announced today that CEO John Kiernan will participate in one-on-one meetings at the Oppenheimer 20th Annual Consumer Growth and E-Commerce Conference, scheduled for June 16-17, 2020. The conference will be held virtually, and interested parties can schedule meetings through Oppenheimer sales representatives. Alico is recognized for its dual operations: Alico Citrus, a major citrus producer, and Alico Water Resources, focusing on water storage and environmental services. For further details, visit www.alicoinc.com.
Alico, Inc. (Nasdaq: ALCO) has secured approval from the State of Florida for an option agreement allowing the State to purchase approximately 10,684 acres of Alico Ranch for $28.5 million under the Florida Forever program. This move aims to enhance conservation efforts, particularly for the Florida Panther and the Caloosahatchee River. The State's potential purchase is linked to Alico's dispersed water storage project, prompting Alico to suspend permit activities for this initiative temporarily. Alico remains committed to conservation and sustainable land management.
Alico, Inc. (Nasdaq: ALCO) announced on May 21, 2020, that it has secured two new supply agreements with its largest customer, effective from October 1, 2020, to July 31, 2024. These agreements replace an existing contract expiring in September 2020. Alico’s President, John Kiernan, highlighted the commitment to address challenges in the Florida citrus industry with these contracts, which will involve increasing pricing provisions over the next seasons. Alico operates in citrus production and water resource management.
Alico, Inc. (Nasdaq: ALCO) announced that its President and CEO, John Kiernan, along with Senior VP and CFO, Richard Rallo, will be presenting at the 15th Annual BMO Farm to Market Conference. The presentation is scheduled for 3:20 PM Eastern time on May 13, 2020. Investors can access the live broadcast via the Investor Relations section of the company’s website, with a replay available for 90 days post-event. Alico operates two key divisions: Alico Citrus, a major citrus producer, and Alico Water Resources, focusing on environmental services.