Kaanapali Land is a small, closely-held real estate and agriculture company operating on the west side of Maui, Hawaii. The company's core business is land development and sales through its Property segment, which holds a large portfolio of land near the Kaanapali resort area. The primary activity is navigating Hawaii's lengthy entitlement process to develop or sell parcels for residential, commercial, and mixed-use purposes. The most advanced project is Puukolii Village, a fully entitled 241-acre residential site planned for 940 housing units. A second project, KCF Mauka, is a 295-acre parcel planned for 61 agricultural lots, awaiting County subdivision approval. Because entitlements in Hawaii are difficult and time-consuming to obtain, land sales are episodic — the company sells parcels opportunistically, often to raise cash rather than to maximize long-term value. The company's Agriculture segment grows, mills, and sells coffee under the Mauigrown Coffee brand, sold as Maui-origin specialty green coffee to roasters, grocery stores, and online customers. The company also grows bananas and citrus and operates cattle and goat grazing land, though these are financially immaterial. Coffee operations were disrupted for over two years after the August 2023 Lahaina wildfire destroyed the company's coffee mill, with sales only resuming in late 2025. Water rights represent a structural constraint, as the company must obtain permits from Hawaii's water regulator for its existing operations and planned developments, with no assurance those permits will be granted. Pacific Trail, which owns approximately 76% of Kaanapali Land, provides corporate services to the company on a cost-reimbursement basis.