The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ben Klieve - Lake Street Capital Markets, LLC - Analyst
: All right, thanks for taking my questions. First, a couple questions on the Limco Del Mar, opportunity here. It's great to hear that that's progressing.
One very specific question on is there any, kind of expectations of cost flowing to the income statement on this, say through '26 maybe associated
with, regulatory costs or consulting costs, anything of that nature.
And then second on a higher level, what's your. For how this will get developed over the long term in terms of what Lehman era's role will be, I
mean, are you going to be looking for kind of a Lewis group type 50, 50 partner do you want to maybe offload more of the, kind of developmental
burden on, a partner kind of how are you thinking about that on a, from a big picture perspective?
Question: Ben Klieve - Lake Street Capital Markets, LLC - Analyst
: Got it. That makes plenty of sense. Very good. We'll stay tuned for updates on that in quarters to come. I got a question on the Limoneira side. Great
to see fresh lemon prices, rebound sequentially from a difficult second quarter. You guys talked about kind of a normalization of pricing going into
next year as. There's maybe some some industry supply constraints that should be supportive.
Given the reset that lemons, the lemon market has had over the past few years, how do you kind of think about what normalized pricing is in this
business today, and then kind of what are the different, kind of sources of supply constraints that you see out there that are going to be helpful as
you look in the next year.
Question: Ben Klieve - Lake Street Capital Markets, LLC - Analyst
: Got it. That's, that, that'd be great to see. Very good. One more for me and I'll get back in cue, and it might be a little premature on the 26 outlook
for avocados, but given the kind of biannual nature of the crop and the California harvest complete at this point, do you have any kind of rough
ideas of what your expectations are for avocado volumes here looking into 2026?
Question: Ben Klieve - Lake Street Capital Markets, LLC - Analyst
: Good. Well, I appreciate that. Thanks for taking my questions. I'll go back and.
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