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Stock impact report

State of Florida approves option agreement with Alico to acquire approximately 5,804 acres of Alico Ranch

Alico, Inc. (ALCO) 
US:NASDAQ Investor Relations: ir.stockpr.com/alicoinc/investor-home
Company Research Source: GlobeNewswire
FORT MYERS, Fla., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) announces today that the State of Florida approved entering into an option agreement submitted by Alico which grants the State an option to purchase approximately 5,804 acres of Alico Ranch for approximately $14.6 million under the Florida Forever program. John Kiernan, Alico’s President and Chief Executive Officer, commented, “We are pleased the State of Florida has approved entering into this latest option agreement which grants it an option to purchase approximately 5,804 acres on the west side of the Alico Ranch. The 5,804 acre parcel is considered a primary and secondary zone for the federally endangered Florida panther and can contribute to increased protection of Florida’s biodiversity at the species, natural community, and landscape levels. If the State were to elect to exercise this option, we would expect the closing to occur in the beginning of the third quarter of our 2021 fisca Show less Read more
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