Alico, Inc. Announces Update on Harvest Season, Ranchland Sales, Other Business Activities and Financial Guidance
FORT MYERS, Fla., March 31, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announces updated financial guidance and other business activities that will continue to support its business strategy and generate greater returns for our shareholders. The current citrus harvest season has been a challenging one for Alico, as well as for the entire industry in Florida. In addition to a harvest season that was anticipated to produce less fruit than in the prior year, many of the state's citrus groves, including Alico's citrus groves, were impacted by a freeze event in late January 2022. Alico took precautionary measures to minimize the impact this weather e
