Limoneira Co Q2 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Benjamin David Klieve - National Securities Corporation, Research Division - Analyst : Just a couple from me here. First, wondering if you can comment on kind of the state of the M&A market. Are you seeing kind of smaller growers or smaller businesses that you've been looking at? Maybe you have any kind of enhanced need to go to market, and as such, presenting you with some M&A opportunities that maybe weren't there 6 months ago? Or have you not yet noticed any kind of meaningful change in the M&A market amid the COVID pandemic? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. JUNE 09, 2020 / 8:30PM, LMNR.OQ - Q2 2020 Limoneira Co Earnings Call

Question: Benjamin David Klieve - National Securities Corporation, Research Division - Analyst : Got it. Got it. Only other question from me is regarding the Harvest at Limoneira. Some really encouraging numbers that you guys talked about in your prepared comments. Can you talk a bit about kind of the benchmarks that we should look for here for when we're going to be able to better understand the timing of the future cash payments. Do you need to sell-out of those initial 244 lots? Do you think we'll have visibility of that, in advance of that? Kind of what should we be looking here for -- regarding this initiative over the next few quarters?