BofA report finds business owners hopeful for growth
Small and mid-sized businesses throughout the country are “cautiously optimistic” as the new year approaches, according to Bank of America’s 2025 Business Owner Report. Released on Nov. 18, the report interviewed 819 small business owners with revenue between $1 million and $5 million and 253 medium-sized business owners with revenue between $5 million and $50 Read More →
Semtech’s R&D investments fuel Q3 growth
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Community Dividends buffer deep budget cuts
Montecito Bank & Trust honored the legacy of its late founder and provided major grants to blunt the impact of budget cuts on the most needy at its 23rd annual Community Dividends awards luncheon. Held on the Monday before Thanksgiving since 2003, the 2025 awards marked the 50th anniversary of the region’s largest bank. As Read More →
Glass House Farms’ Q3 revenue goes up in smoke
July 10 immigration raids at Glass House Farms’ cannabis facilities in Camarillo and Carpinteria resulted in a steep decline in third quarter revenue year-over-year. According to the Long Beach-based company’s third quarter earnings report released this month, revenue was $38.4 million compared to $63.8 million in third quarter 2024. The company attributed the revenue dive to revamped Read More →
Aeluma grows revenue, new contracts in first quarter
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Calavo ponders buyout as CEO retires
Santa Paula-based Calavo Growers announced that Lee Cole will retire as president and CEO on Dec. 8 — his second retirement in five years — as the company ponders an unsolicited proposal. Announced Nov. 12, this was Cole’s second stint as CEO, as his first go-round was from 1999 until 2020, and he also served as Read More →
Calavo announces CEO succession plans
Santa Paula-based Calavo Growers announced that Lee Cole will retire as president and CEO on Dec. 8, and has appointed John Lindeman, a member of Calavo’s Board of Directors and former Calavo CFO, to succeed him. This was Cole’s second stint as CEO, as his first go-round was from 1999 until 2020, and he also Read More →
