Cannabis firm reaches $62K settlement in environmental suit
The Santa Barbara County District Attorney’s Office has reached a $620,000 settlement in an environmental protection lawsuit against Central Coast Agriculture and several related companies which operated cannabis cultivation, harvesting, and processing facilities in Buellton. The case’s resolution was announced Aug. 15. Central Coast Agriculture (CCA) could not immediately be reached for comment. The district Read More →
Funding success: Santa Barbara Venture Partners closes $25M fund
Local venture capital firm Santa Barbara Venture Partners had a solid run with its first fund. According to the firm, its first fund saw some investments pay off, with huge increases in valuation and even a handful of exits. Thanks to that success, Santa Barbara Venture Partners was also able to recently announce the closing Read More →
Street smarts: Pacific Pride Festival returns to Santa Barbara Aug. 23
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Vital signs: Strong Q2 helps the economy rebound from slow Q1, report finds
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Portfolio watch
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24 companies represent the region on the Inc. 5000 list
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MannKind inks $500M financing agreement with Blackstone
Westlake Village-based MannKind Corporation is receiving some extra help to advance some of its short and long-term growth strategies. Announced Aug. 6, MannKind, a biotech company focused on inhaled therapeutic products, entered into a financing agreement worth up to $500 million with Blackstone, the world’s largest alternative asset manager, with more than $1 trillion in Read More →
