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Gladstone purchases CA vegetable farm

  • The 322 acres of vegetable farmland in Arvin, CA was purchased for $5.8M, and Gladstone Land (LAND) has subsequently signed a 9-year lease with Underwood Ranches - the exclusive grower of red jalapenos for Sriracha hot sauce.
  • It's Gladstone's first purchase in the southern San Joaquin Valley.
  • Source: Press Release
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