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Maui Land & Pineapple Announces Closing of Lipoa Point Sale

KAPALUA RESORT, Hawaii--(BUSINESS WIRE)--Maui Land & Pineapple Company, Inc. (NYSE:MLP) is pleased to report that it has closed the sale of a 244-acre property to the State of Hawaii for $19.8 million. The property, commonly known as Lipoa Point, is located in West Maui bordering Honolua Bay.