Kaanapali Land, LLC
KANP
Other OTC30.01
USD
- -
- -
CIK
0001230058
ISIN
US48282H3084
CUSIP
48282H308
Return %
Stock
S&P500
1Y
-23.81
21.04
3Y
36.41
70.88
5Y
36.41
73.53
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Stephen A. Lovelette
- Full Time Employees
- 24
- Sector
- Real Estate
- Industry
- Real Estate - Development
- Address
- 900 North Michigan Avenue Chicago IL United States of America 60611
- IPO Date
- Dec 11, 2007
- CIK
- 0001230058
- Website
- kaanapalidevelopment.com
- Similar Companies
- Business
- Kaanapali Land, LLC Kaanapali Land, LLC (KANP), a subsidiary of Pacific Trail Holdings, LLC, engages in property development and agriculture businesses primarily on the west side of Maui in the state of Hawaii. The company operates through two main segments: Property, which develops land for sale, negotiates bulk sales of undeveloped land, and pursues projects such as the Kaanapali 2020 Development Plan encompassing residential, commercial, affordable housing, recreation, and agriculture uses; and Agriculture, which conducts farming, harvesting, and milling of coffee orchards, sells milled green coffee under the Mauigrown Coffee brand, cultivates and sells bananas, citrus fruits, and alfalfa, and engages in ranching operations including cattle and goat grazing. It holds approximately 3,900 acres, including developable lands near the Kaanapali resort area, the entitled Puukolii Village Mauka for mixed residential and commercial development, and the planned Kaanapali Coffee Farms Mauka agricultural subdivision; maintains irrigation infrastructure supporting agricultural and development activities; and receives certain corporate services from affiliates. Founded in 2002 through a reorganization under Chapter 11 bankruptcy proceedings effective November 13, 2002, Kaanapali Land, LLC is headquartered at 900 North Michigan Avenue in Chicago, Illinois. In recent developments, the company's Pioneer Mill Site in Lahaina, encompassing about 20 acres zoned primarily industrial and formerly housing its offices, coffee mill, and short-term licenses, suffered significant damage from the August 2023 wildfires, prompting insurance claims yielding over $7 million in advances by August 2024, temporary office relocation to Kaanapali lands, and planning for a new coffee mill on its farm; on June 13, 2024, subsidiary Pioneer Mill Company, LLC entered a $20 million sales agreement for these parcels, with extensions through November 2024 and escrow deposits of $2 million, pending environmental testing post-U.S. Army Corps of Engineers lease expiration in July 2025. A June 3, 2024, sales agreement for 241 acres at Puukolii Village Mauka terminated on November 15, 2024, leading the company to advance planning for 940 residential units, commercial space, parks, and a school contingent on water permits from the State of Hawaii Commission on Water Resource Management; subdivision approvals for the 295-acre Kaanapali Coffee Farms Mauka agricultural lots remain pending with Maui County. Additionally, subsidiary Kaanapali Land Management Corp. faces ongoing arbitration since August 2024 with Newport Hospital Corporation over a 2014 land sale and infrastructure improvements for a 14.9-acre healthcare site, with a $1.0 million credit loss reserve recorded on related receivables as of December 31, 2024; an August 4, 2025, fire damaged 30 acres and structures with no material financial impact.