Arcutis shares up on news of public, private offerings
Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, Tri-County Economy, Tri-County Public CompaniesArcutis Biotherapeutics saw a 15 percent rise in its share price after it said Sept. 29 that it will offer 4 million shares to the public and sell another $35 million in stock to an affiliate of one of its directors. Arcutis closed at $31.04, a gain of $4.28 after it announced the dual track Read More →
Crowdfunded Hitch prepares to launch with coffee-water combo cup
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Cure closes $20M CBD acquisition
Agribusiness, Banking & Finance, Health Care & Life Science, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura CountyCure Pharmaceutical, an Oxnard cannabis products manufacturer, has completed its $20 million cash-and-stock buyout of the CBD company Sera Labs, a deal Cure says will help it reach positive cash flow in around 18 months. Cure’s stock, which is traded on the over-the-counter markets, fell 3 percent following the announcement, closing at $1.29 per share Read More →
Patagonia names new CEO
Latest news, Tri-County Economy, West Ventura CountyFacing a difficult time for retail and rising concerns about a climate crisis, Ventura-based Patagonia announced Sept. 24 that Ryan Gellert, who has overseen its operations in Europe, the Middle East and Africa, will be its next CEO. Gellert replaces Rose Marcario, who was CEO from 2014 until earlier this year. Doug Freeman, the company’s Read More →
Mission Produce could join three-comma club with $1B-plus IPO
Agribusiness, Banking & Finance, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura CountyMission Produce put a $1.18 billion price tag on its avocado operation, announcing in a Sept. 23 Securities and Exchange Commission filing that it plans to raise around $106 million in its initial public offering. The Oxnard-based avocado distributor said it plans to offer some 6.25 million shares of common stock for $15-$17 per share. Read More →
Region gets new SBA leadership as Parker heads to D.C.
Central Coast, East Ventura County, Latest news, Small Business, South Coast, Tri-County Economy, West Ventura CountyVictor Parker, head of the U.S. Small Business Administration’s Los Angeles District Office, is taking a new post at the agency’s headquarters in Washington, D.C. The LA District, which includes Ventura and Santa Barbara counties, is the largest in the nation in terms of dollar volume of SBA loans. During nine years as district director, Read More →
