Sientra closes sale of miraDry at $10M loss
Sientra, a Goleta-based plastic surgery device company specializing in breast implants, announced June 11 that it had closed the sale of miraDry, a non-surgical dermatological treatment. The $10 million sale brought half of what Sientra paid for the business four years ago. The miraDry system is an FDA-approved treatment to reduce underarm sweat, hair and Read More →
American Riviera moves up to top OTC marketplace
American Riviera Bank, the second-largest bank based in the Tri-Counties with nearly $1.1 billion in assets, began trading on the over-the-counter “Best Market” on June 14, a step up from its previous home on the “Pink” marketplace. Both marketplaces are run by OTC Markets Group. The Best Market, or OTCQX, is the highest tier for Read More →
Mission Produce earnings up, buoyed by rising avocado consumption
Rising avocado sales helped Mission Produce turn a profit in the second quarter of 2021 after posting a loss a year earlier. The Oxnard-based avocado distributor generated earnings of $7.4 million, or 10 cents per diluted share, for the quarter ended April 30, the company announced on June 10. In the same quarter last year, Read More →
Morro Bay stacks could go up in smoke under new agreement with battery project developer
The city of Morro Bay and Vistra Energy have reached an agreement that smoothes out several roadblocks that stood in the way of Vistra’s proposal to build the world’s largest battery storage facility on the Central Coast. Vistra and city staff members reached a memorandum of understanding that was approved by the Morro Bay City Read More →
Limoneira, Calavo both report earnings growth as produce industry continues recovery
Santa Paula-based agribusinesses Limoneira and Calavo Growers both reported positive earnings in their second quarter financial results released June 8, with both saying their earnings mark a return back to pre-pandemic form. Limoneira reported earnings of $1.5 million for the quarter, or 10 cents per share, up from a loss of $5.3 million in the Read More →
Alaska Airlines adds flights between Santa Barbara and San Diego
Santa Barbara Airport is offering direct flights to San Diego this summer. The service starts June 17, with twice-daily departures and arrivals through Alaska Airlines. The airline’s Embraer 175 jets will hold up to 74 passengers, with four classes of seating options. The flights are in the afternoon and evening, with the first flight leaving Read More →
New name, new plan for economic growth at Vandenberg
People from the private and public sectors believe the newly renamed Vandenberg Space Force Base has the potential to shape the Central Coast economy, and on June 3, those leaders laid out the first phase of their plan. At the online event, REACH — the Regional Economic Action Coalition, a San Luis Obispo-based economic development Read More →
