Glass House secures loan of up to $100M to retrofit Camarillo greenhouses for cannabis
A few months after purchasing the Houweling’s Tomatoes property in Camarillo, cannabis grower Glass House Group has secured the funding necessary to upgrade the greenhouse facility. Glass House announced Dec. 13 it has acquired a senior secured term loan agreement with a U.S.-based private credit investment fund for up to $100 million, with an initial Read More →
Final member of Inogen’s founding team to leave company
Ali Bauerlein, one of Inogen’s co-founders, has stepped down from her post as the company’s CFO, effective immediately on Dec. 13. According to a company news release, Mike Sergesketter has been appointed interim CFO while Inogen look to fill the position. Bauerlein will stay at Inogen in a transitional finance role through the first quarter Read More →
AeroVironment shares in nosedive after company lowers revenue guidance
Shares of AeroVironment plummeted 27.5% on Dec. 7 after the company announced with its quarterly financial results that it would slash its full-year revenue guidance by at least $100 million, “primarily due to three headwinds” tied to supply chains and staffing. AeroVironment, an aerial drone company based in Arlington, Virginia but with major operations in Read More →
Dole shares down after earnings drop
Westlake Village-based Dole saw its stock fall 2.5% on Dec. 3 after the company revealed a big dip in earnings for the third quarter of fiscal year 2021-22. Dole, which is dually based in Westlake Village and Ireland and is one of the largest fruit and vegetable producers in the world, saw adjusted net income Read More →
Dubroff: Investing means walking a tightrope, but cash can be a safety net
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Semtech tops expectations with record quarter
Camarillo-based Semtech topped analysts’ expectations on Dec. 1 with an announcement of record net sales and net income in the third quarter of its 2021-22 fiscal year. Semtech, a semiconductor company specializing in Internet of Things applications, generated sales totaling $194.9 million in the third quarter of 2021, up 27% from the same quarter a Read More →
People’s Self-Help Housing secures $50K Bank of America grant
People’s Self-Help Housing, the longest-serving affordable housing nonprofit on the Central Coast, has received a $50,000 grant from Bank of America to scale its programs. The grant, announced by People’s Self-Help on Dec. 1, is part of Bank of America’s 2021 Neighborhood Champion program. Women’s Economic Ventures, a Santa Barbara-based nonprofit, received one of the Read More →
