June 28, 2022
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Region’s corporate boards meet state diversity standard

By   /  Friday, January 7th, 2022  /  Banking & Finance, East Ventura County, Latest news, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Region’s corporate boards meet state diversity standard

All of the tri-county region’s publicly held companies that trade on major stock exchanges meet California’s new requirement for more diversity on corporate boards. Assembly Bill 979 was passed in 2020 and went into effect on Jan. 1, 2022. It is similar to Senate Bill 826, a law that went into effect Jan. 1, 2019, Read More →

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Amgen’s new asthma treatment gets FDA approval

By   /  Wednesday, December 22nd, 2021  /  Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, Subscriber content, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen’s new asthma treatment gets FDA approval

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Mission Produce shares down after earnings release

By   /  Wednesday, December 22nd, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Mission Produce shares down after earnings release

Mission Produce’s stock tumbled 10% after the markets closed Dec. 22, after the Oxnard-based avocado distributor released its financial results for the fourth quarter of 2021 and missed analysts’ expectations. Mission Produce generated revenue of $237 million in the fourth quarter of 2021, a 15% increase from the same period a year ago. But, according Read More →

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Calavo hires new CEO

By   /  Wednesday, December 22nd, 2021  /  Agribusiness, Banking & Finance, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Calavo hires new CEO

Calavo Growers, a Santa Paula-based distributor of avocados and other produce, has hired a new CEO, after a period of instability that saw three permanent or interim leaders hold the job since early 2020. The new CEO, effective Feb. 1, is Brian Kocher, Calavo said in a Dec. 22 news release. He will take over Read More →

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Calavo reports net loss, but revenue growth

By   /  Monday, December 20th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Calavo reports net loss, but revenue growth

Santa Paula-based Calavo Growers saw revenue increase year-over-year in the fourth quarter of 2021, and despite a net loss for the quarter, the company beat analysts’ expectations. Calavo, an avocado distributor, delivered revenue worth $273.4 million for the quarter ended Oct. 31, a 17% increase from the same quarter a year ago. The company did Read More →

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Glass House buys edibles brand for $26M

By   /  Monday, December 20th, 2021  /  Agribusiness, Banking & Finance, Latest news, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Glass House buys edibles brand for $26M

Glass House Brands, a cannabis grower and retailer with its chief operations in Santa Barbara and Ventura counties, is buying one of California’s leading brands of edible cannabis in a deal worth $25.6 million in stock and debt-financed cash. Plus Products was the No. 4 brand of edibles ranked by sales in the third quarter Read More →

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Region’s IPOs raised $3.2B in 2021, a record haul

By   /  Friday, December 17th, 2021  /  Banking & Finance, Latest news, middle, Subscriber content, Top Stories, Tri-County Public Companies  /  Comments Off on Region’s IPOs raised $3.2B in 2021, a record haul

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