Our View: Alisal Fire a reminder of need for insurance reforms
By Editorial Board / Friday, October 15th, 2021 / Agribusiness, Editorials, Government, Latest news, Opinion / Comments Off on Our View: Alisal Fire a reminder of need for insurance reforms
The Alisal Fire in Santa Barbara County is big and nasty, and it has proven to be hard to contain. As the Business Times went to press on Oct. 13, it had consumed 15,000 acres and Highway 101 was shut northwest of Goleta. (The highway reopened Oct. 15.) So far, the Alisal Fire has lacked Read More →

Calavo shares down amid turnover and uncertainty
By Jorge Mercado / Friday, October 1st, 2021 / Agribusiness, Banking & Finance, Earnings, Latest news, right, Subscriber content, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Calavo shares down amid turnover and uncertainty

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New funding round values Apeel Sciences at $2B
By Jorge Mercado / 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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Cannabis company closes purchase of former Houweling’s Tomatoes greenhouses
By Tony Biasotti / 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 →
Revenue down but earnings up at Limoneira
By Jorge Mercado / 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 →
Mission Produce drops 10% after missing earnings estimates
By Jorge Mercado / 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 →
Calavo announces Q2 loss and CEO’s departure; shares hit lowest point since 2015
By Jorge Mercado / 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 →