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Maui Land & Pineapple Co. (MLP) Stock News, May 1-11, 2020

MLP NYSE

Maui Land & Pineapple Company, Inc. reports news about a Maui-based landholding and real estate operating company focused on land development, commercial leasing, resort amenities, agriculture and water-related assets. Updates commonly cover operating results, leasing activity in Kapalua and Hāli‘imaile, land planning and sales, resort amenity performance, capital deployment and legacy obligations.

Company announcements also describe efforts to put underutilized land and commercial properties into productive use, including housing-related planning, agricultural activity such as its agave venture, and management of water source, storage and transmission infrastructure on Maui.

Rhea-AI Summary

Maui Land & Pineapple Company, Inc. (MLP) has successfully completed major repairs to the West Maui ditch system, restoring damage from Hurricanes Lane and Olivia. The restoration ensures consistent water availability for the County of Maui, Kapalua Water Company, and local residents and farmers. The repair process began in December 2019, consisting of two phases: the first focused on restoring key structures like diversion gates and access roads, while the second cleared blockages and fixed leaks. The company owns approximately 23,000 acres in Maui, vital for its various business operations.

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Rhea-AI Sentiment
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FAQ

What is the current stock price of Maui Land & Pineapple (MLP)?

Maui Land & Pineapple (MLP) last closed at $14.40.

What is the market cap of Maui Land & Pineapple (MLP)?

The market cap of Maui Land & Pineapple (MLP) is approximately $286.0M.