In other recent news, Limoneira Company reported its first-quarter financial results, revealing a narrower net loss of $0.18 per share, compared to a $0.21 per share loss the previous year. However, the company's revenue fell short of expectations, coming in at $32.85 million against a $40 million consensus estimate. This decline was attributed to lower fresh lemon prices, with the average price per carton dropping from $21.06 to $18.44. Despite the revenue shortfall, Limoneira's operating loss improved by 31% year-over-year, thanks to cost reduction initiatives. In another development, the company announced a joint venture with Agromin Corporation to expand a composting facility, projected to generate approximately $5 million in EBITDA in its first year. Additionally, Limoneira authorized a $30 million stock buyback following the conclusion of its strategic alternatives review. The company also held its Annual Meeting, where shareholders approved executive compensation and elected directors to the board.