Kaanapali Land Llc's Business Segments

Kaanapali Land, LLC is a Delaware limited liability company operating in the Property and Agriculture sectors through subsidiaries including KLC Holding Corp., Pioneer Mill Company, LLC, and Kaanapali Land Management Corp. The company’s real estate development approach involves phased property value enhancement, starting with market and feasibility studies, followed by land planning and securing governmental entitlements. Kaanapali Land owns approximately 21 acres in Lahaina, Hawaii, known as the Pioneer Mill Site, historically used for sugar and coffee milling. This site was significantly affected by the August 2023 Lahaina wildfire, which destroyed facilities and disrupted coffee farming operations. The company outsourced coffee processing and resumed sales in December 2025, with plans to rebuild its coffee mill on its agricultural land. The Pioneer Mill Site was leased to a U.S. Army Corps of Engineers contractor for wildfire cleanup until July 2025. The company’s developable lands are primarily located near the Kaanapali resort area on Maui’s west side and are governed by the Kaanapali 2020 Development Plan, which allows for residential, commercial, agricultural, and recreational uses under state and county regulations. Kaanapali Land has received insurance payments related to wildfire damages but faces uncertainties regarding full compensation and rebuilding costs.

The company operates two business segments: Agriculture and Property. The Agriculture segment includes farming, harvesting, and milling activities related to coffee orchards, as well as the cultivation, harvesting, and sale of bananas and citrus fruits, along with certain ranching operations. The Property segment focuses on land development for sale and negotiating bulk sales of undeveloped land. Both segments operate exclusively in the State of Hawaii. The company owns approximately 3,900 acres of property on the island of Maui, including about 1,500 acres designated as conservation land, which restricts development. On August 8, 2023, the company's Pioneer Mill Site was damaged by the Lahaina wildfires, resulting in the destruction of offices, the coffee mill, warehouses, and other structures, which disrupted coffee farming operations and processing for the 2023 and 2024 crops. In 2025, the company harvested its coffee crop and outsourced pulping and drying to an unaffiliated coffee mill on Maui that became operational in January 2025, while also assembling a temporary dry mill.