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  "authorName": "Limoneira",
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  "presentationDate": "2021-06-01 00:00:00",
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      "text": "Despite pressure from COVID-19, the Company achieved the following results for the second quarter of fiscal year 2021: Total net revenue improved 14% to $45.1 million; Record domestic fresh lemon volume; Strong avocado revenue; Adjusted EBITDA improved to $6.0 million; Closed sales of additional 66 Harvest at Limoneira lots.",
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      "text": "The Company continues to believe avocado revenue in fiscal 2021 will be strong due to market factors and positive initial crop indicators. The Company also believes it will experience improving results compared to last year during the second half of fiscal 2021 due to its stronger position in grocery compared to las year and as food service and export markets recover and cost control measures continue to show improvement.",
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      "text": "In December 2020, the Company received $5.0 million of federal income tax refunds related to the Coronavirus Aid, Relief, and Economic Security Act. The Company expects an additional $0.9 million of California state refunds in fiscal year 2021.",
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      "text": "The Company expects to receive $80 million from Harvest at Limoneira during next 6 fiscal years, beginning 2022.",
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      "text": "Recent Business Highlights",
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