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 →
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 →
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 →
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 →
Opinion: Why this environmentalist farmer will vote to recall Gavin Newsom
By Ed Seaman More than a third of Californians are living at or near the poverty level. We pay the highest income taxes and the highest gas taxes in the country. The extent of the damage that the state government has done and continues to do to our children, our small business economy, our poor Read More →
Glass House Brands reports Q2 loss, growing revenue as it plans expansion into Ventura County
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Two cannabis growers in Santa Barbara County to pay environmental fines
The Santa Barbara County District Attorney’s Office has settled cases against two cannabis growers for violating environmental laws. Both settlements were announced Aug. 17. The first was with 805 Agricultural Holdings, which will pay $40,000 in civil penalties to a variety of state and county agencies. The fines settle a complaint that the grower “unlawfully Read More →
