RADNOR, PA — Pardee Resources Company (OTC: PDER) has entered into a definitive agreement to sell its table grape assets in California’s Central Valley to Joseph Vineyard Estates LLC, an affiliate of Four Star Fruit, Inc., for $6,130,000 in cash.
The assets include a wholly owned 40-acre table grape ranch and an 85% interest in a separate 220-acre ranch held through a joint venture.
The transaction is subject to customary closing conditions and contingencies, according to the company.
Pardee said the sale is expected to close in the second quarter of 2026.
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