Note 17 - Subsequent Events

12 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Subsequent Events [Text Block]

17.

Subsequent Events

 

In early

June 2018,

the employees of Rochester, Minnesota plant operations and the Marion, New York Can Plant were informed that we will cease operations at the facilities upon completion of the

2018

pack season.  In Rochester, this decision does

not

impact the frozen re-packaging operation.   The Company is currently evaluating the financial impact of these decisions.

The Company also finalized an agreement to sell the majority of its remaining Modesto fruit inventory to Pacific Coast Producers, Inc.  The completion of the sale of inventory happened on

June 29, 2018

and resulted in a cash inflow of approximately

$55.8

million.