Limoneira Company (NASDAQ:LMNR) Q1 2023 Earnings Call Transcript

And the other thing to remember is remember when we sold Oxnard Lemon, we actually did a sale leaseback on the initial part of that sale to take advantage of that storage that we still depend on. So within three years, we’re going to be in a position where we’re going to need to find alternative storage. And we’re sort of — we’ve got the calculators out and are running the numbers of what investing in increased storage capabilities here in Santa Paula would do. But the results are pretty significant. And so we think there’d be a great return on invested capital to invest in storage here in Santa Paula, as a complement to our recently updated packinghouse. So look sort of towards something like that. And also — and we’ve talked about this before, investments in increased packing capacity in Chile.

Vincent Anderson: Okay. All right, very helpful. I appreciate it.

Operator: . This concludes the question-and-answer session. I would like to turn the conference back over to Harold Edwards for any closing remarks. Please go ahead.

Harold Edwards: Thank you all for your questions and your interest in Limoneira. Have a great day.

Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating. Have a pleasant day.