Item 2. Properties
Item 2. Properties
As of May 29, 2022, the Company owned or leased the following principle physical properties:
Location Business Segment Ownership Facilities
Chaska, MN Lifecore Owned 148,200 square feet of office, laboratory and manufacturing space
Silao, Guanajuato, Mexico Curation Foods Leased 97,000 square feet of office and manufacturing space
Chaska, MN Lifecore Leased 80,950 square feet of office, manufacturing and warehouse space
Santa Maria, CA Curation Foods Leased 36,300 square feet of office and laboratory space
Chanhassen, MN Lifecore Leased 21,384 square feet of warehouse and office space
Petaluma, CA Curation Foods Leased 18,400 square feet of office and manufacturing space
The Company does not anticipate experiencing significant difficulty in retaining occupancy of any of our manufacturing, laboratory, cold storage, or office facilities through lease renewals prior to expiration or through month-to-month occupancy, or in replacing them with equivalent facilities. We believe our existing facilities, both owned and leased, are in good condition and suitable for the conduct of our business.
Item 3. Legal Proceedings
The information contained in Note 9 - Commitments and Contingencies to the Consolidated Financial Statements included elsewhere in this Annual Report on Form 10-K is incorporated herein by reference.
Item 4. Mine Safety Disclosures
Not applicable.
20
Ta ble of Contents
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.