December 2, 2022
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Latest

New funding round values Apeel Sciences at $2B

By   /  Friday, September 24th, 2021  /  Agribusiness, Latest news, middle, South Coast, Subscriber content, Technology, Top Stories, Tri-County Economy  /  Comments Off on New funding round values Apeel Sciences at $2B

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Latest

Cannabis company closes purchase of former Houweling’s Tomatoes greenhouses

By   /  Wednesday, September 15th, 2021  /  Agribusiness, Banking & Finance, Latest news, right, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Cannabis company closes purchase of former Houweling’s Tomatoes greenhouses

Glass House Brands, a publicly traded cannabis company, has closed its purchase of the former Houweling’s Tomatoes property near Camarillo. The 160-acre property has six greenhouses that total 5.5 million square feet. Glass House bought it for $93 million in cash, plus stock considerations, the company said in a Sept. 15 news release. The closing Read More →

Latest

Revenue down but earnings up at Limoneira

By   /  Tuesday, September 14th, 2021  /  Agribusiness, Banking & Finance, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Revenue down but earnings up at Limoneira

Limoneira delivered a small earnings beat when the company announced its fiscal results for the third quarter of 2021. Limoneira had released preliminary results Aug. 24 highlighting strong fresh lemon utilization, which helped offset a smaller-than-expected avocado output. According to the audited results, released Sept. 8, Limoneira generated $49.1 million in revenue in the third Read More →

Latest

Mission Produce drops 10% after missing earnings estimates

By   /  Tuesday, September 14th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Mission Produce drops 10% after missing earnings estimates

Shares of Mission Produce fell nearly 10% on Sept. 14, the day after the Oxnard-based avocado distributor and grower shared a flat third quarter 2021 financial report that fell below analysts’ expectations. For the quarter ended June 30, Mission Produce generated ​​$247 million in revenue, a 4% increase from the same period a year ago. Read More →

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Calavo announces Q2 loss and CEO’s departure; shares hit lowest point since 2015

By   /  Thursday, September 9th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Calavo announces Q2 loss and CEO’s departure; shares hit lowest point since 2015

Shares of Calavo Growers slipped more than 17% on Sept. 9, one day after the Santa Paula-based avocado distributor released third quarter earnings that were held back by inflation and said its CEO, James Gibson, is retiring from the post immediately. Calavo closed at $39.20 on Sept. 9, down from $47.26 the day before. The Read More →

Latest

Carpinteria cannabis growers strike deal over odor control

By   /  Thursday, August 26th, 2021  /  Agribusiness, Latest news, Law & Goverment, middle, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Carpinteria cannabis growers strike deal over odor control

In a joint effort to address cannabis odor in the Carpinteria Valley, the main industry and community groups working on the issue say they’ve reached an agreement that ensures cannabis growers will cooperate with local residents to control the crop’s smell. The agreement was finalized Aug. 20 between the Cannabis Association for Responsible Growers, or Read More →

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Limoneira predicts earnings growth despite drought and supply chain woes

By   /  Wednesday, August 25th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, left, Real Estate, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Limoneira predicts earnings growth despite drought and supply chain woes

Santa Paula-based agribusiness Limoneira released preliminary financial results on Aug. 24 for its most recent quarter, highlighting strong fresh lemon utilization which helped offset a smaller-than-expected avocado output. Limoneria said it expects revenue of $49 million in the third quarter of 2021, which would be a slight decrease from the same quarter a year ago, Read More →