February 23, 2024
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Latest

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 →

Latest

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 →

Latest

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 →

Latest

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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Latest

Glass House secures loan of up to $100M to retrofit Camarillo greenhouses for cannabis

By   /  Thursday, December 16th, 2021  /  Agribusiness, Banking & Finance, Latest news, right, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on 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 →

Latest

Final member of Inogen’s founding team to leave company

By   /  Thursday, December 16th, 2021  /  Banking & Finance, Health Care & Life Science, Latest news, middle, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, Women Inc.  /  Comments Off on 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 →

Latest

AeroVironment shares in nosedive after company lowers revenue guidance

By   /  Tuesday, December 7th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →