Alico, Inc. Announces New Supply Contract with Tropicana

Core Insights - Alico, Inc. has entered into a new supply agreement with Tropicana Brands Group, effective from June 5, 2024, to July 31, 2027, which will replace existing agreements expiring in July 2024 [1][2] - The new agreement will cover approximately 65% of Alico's currently planted acres and will provide prices per pound solids that are 33% to 50% higher than the average prices from the previous season [1] - Alico maintains another supply contract with Tropicana that will continue through the 2024-25 harvest season [1] Company Overview - Alico, Inc. operates primarily through two divisions: Alico Citrus, one of the largest citrus producers in the U.S., and Land Management and Other Operations, which includes land leasing and related support services [3]