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Mission Produce could join three-comma club with $1B-plus IPO

By   /  Wednesday, September 23rd, 2020  /  Agribusiness, Banking & Finance, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Mission Produce put a $1.18 billion price tag on its avocado operation, announcing in a Sept. 23 Securities and Exchange Commission filing that it plans to raise around $106 million in its initial public offering.  The Oxnard-based avocado distributor said it plans to offer some 6.25 million shares of common stock for $15-$17 per share. Read More →

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Amgen to team with Eli Lilly on COVID treatment

By   /  Friday, September 18th, 2020  /  Banking & Finance, Biotech, Central Coast Health Watch, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

Thousand Oaks biotech giant Amgen announced another strategy to help address the coronavirus pandemic, entering into a manufacturing agreement with Eli Lilly to produce COVID-19 antibodies.  Eli Lilly, based in Indianapolis, has been pursuing several antibody treatments for the virus, the two companies said in a Sept. 17 news release. With access to Amgen’s manufacturing Read More →

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Mission Produce plants seed for IPO

By   /  Thursday, September 10th, 2020  /  Agribusiness, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

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AeroVironment’s revenue up, profit down

By   /  Wednesday, September 9th, 2020  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

AeroVironment, the Simi Valley-based drone maker, said revenue in its first quarter grew slightly to $87.4 million as the company’s profit fell to 42 cents per share from 71 cents a year earlier. “We are on track to achieve our fiscal year 2021 plans and deliver another year of profitable top line growth, despite the Read More →

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Limoneira reports profit, record sales

By   /  Wednesday, September 9th, 2020  /  Agribusiness, Banking & Finance, Earnings, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Santa Paula-based citrus producer Limoneira reported a solid third quarter on Sept. 9, with revenue up 5.3 percent and a profit of 12 cents per share that reversed a year-ago loss. The company said it sold a record 2 million cartons of lemons for the quarter and avocado volume increased. The company’s real estate operations Read More →

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Calavo reports net loss, revenue decline

By   /  Wednesday, September 9th, 2020  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Calavo Growers reported a 24.7 percent decline in revenue and a net loss of $15.6 million, or 89 cents per share, for its fiscal third quarter, as it adapted to lower avocado prices and took a loss on its investment in FreshRealm, its meal-kit delivery venture. Calavo, based in Santa Paula, said total revenue for Read More →

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AppFolio to sell legal unit for $193M

By   /  Tuesday, September 8th, 2020  /  Banking & Finance, Latest news, Law, Real Estate, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

In a move that reflects a shifting landscape for the software business, Goleta-based AppFolio said Sept. 8 that it is selling its MyCase legal practices suite of services for $193 million to a group of private equity funds. The all-cash deal concentrates AppFolio’s services in the real estate management field, where it has carved out Read More →

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