State of florida approves option agreement with alico to acquire approximately 5,804 acres of alico ranch

Fort myers, fla., dec. 15, 2020 (globe newswire) -- alico, inc. (“alico” or the “company”) announces today that the state of florida approved entering into an option agreement submitted by alico which grants the state an option to purchase approximately 5,804 acres of alico ranch for approximately $14.6 million under the florida forever program.
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