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Stock impact report

Gladstone Land Acquires Blueberry Orchard in New Jersey

Gladstone Land Corporation (LAND) 
Last gladstone land corporation earnings: 2/19 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gladstoneland.com
Company Research Source: Accesswire
MCLEAN, VA / ACCESSWIRE / June 7, 2021 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced that it has acquired 116 gross acres of farmland, including approximately 100 acres of blueberry bushes and a fresh packing and shipping facility, located in Hammonton, New Jersey, for approximately $2.2 million. In connection with the acquisition, Gladstone Land entered into a 15-year, triple-net lease agreement with Berry Brothers, a family-owned farming company with blueberry operations locally in Hammonton and three other states."We are very excited to make our first acquisition in New Jersey, which plays an integral role in supplying fresh blueberries to grocery stores across the Mid-Atlantic and Northeast," said Joseph Van Wingerden, Director at Gladstone Land. "The 2021 blueberry season is looking strong in the U.S., with both prices and demand well above averages. We look forward to expanding in the region and our new relationship with Berry Brothers. Show less Read more
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