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Alico, Inc. to Participate at Inaugural LD Micro Summit

1. Alico's CEO will discuss company strategy at an investor summit. 2. Alico Citrus will cease operations post the 2024/2025 harvest. 3. Focus shifts to diversified land usage and real estate development.

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Why Neutral?

The strategic shift may stabilize ALCO, but closure of Alico Citrus raises uncertainties. Past shifts in operations often yield mixed market reactions.

How important is it?

This article outlines significant strategic changes for Alico, affecting its future operations and investor interest. Transitioning focus could influence market perception.

Why Long Term?

The focus on diversified land use signifies a long-term strategy, potentially stabilizing ALCO over time. Similar transitions in the industry usually take time to reflect in stock prices.

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ALCO
January 28, 2025 08:30 ET  | Source: Alico, Inc. FORT MYERS, Fla., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced that John Kiernan, the Company’s President and Chief Executive Officer, will host one-on-one meetings with investors at the inaugural LD Micro Summit, a private, invite-only event designed to showcase a hand-picked group of dynamic companies. The conference will take place on Monday, February 3rd and Tuesday, February 4th, 2025 in Fort Lauderdale, FL. To register for the conference or one-on-one meeting, visit here. About Alico Alico, Inc. currently operates two divisions: Alico Citrus, currently one of the nation’s largest citrus producers, and Land Management and Other Operations, which include land leasing and related support operations. While Alico Citrus will cease operations after the 2024/2025 harvest due to environmental and financial challenges, Alico remains committed to Florida’s agriculture industry, and will focus on its long-term diversified land usage and real estate development strategy. Learn more about Alico (Nasdaq: “ALCO”) at www.alicoinc.com. Investor Contact:John MillsICR(646) 277-1254InvestorRelations@alicoinc.com Brad HeineChief Financial Officer(239) 226-2000bheine@alicoinc.com

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