QAD reports loss as $2B acquisition nears
QAD, a Santa Barbara-based cloud software company for the manufacturing industry, saw its revenue and expenses rise in the second quarter of 2021 as the company prepares to be bought out by a San Francisco-based private equity firm. QAD lost $6.3 million, or 31 cents per share, in the quarter ended July 31, the company Read More →
Congratulations to the 40 Under 40 class of 2021
The Pacific Coast Business Times published its annual 40 Under 40 special report on Aug. 27 and will hold a virtual reception on Sept. 20 to honor the class of 2021. The 40 Under 40 is an annual special section that honors 40 of the region’s younger movers and shakers, including people who have started Read More →
Ventura County takes new tack to redevelop Channel Islands Harbor
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Carpinteria cannabis growers strike deal over odor control
In a joint effort to address cannabis odor in the Carpinteria Valley, the main industry and community groups working on the issue say they’ve reached an agreement that ensures cannabis growers will cooperate with local residents to control the crop’s smell. The agreement was finalized Aug. 20 between the Cannabis Association for Responsible Growers, or Read More →
Limoneira predicts earnings growth despite drought and supply chain woes
Santa Paula-based agribusiness Limoneira released preliminary financial results on Aug. 24 for its most recent quarter, highlighting strong fresh lemon utilization which helped offset a smaller-than-expected avocado output. Limoneria said it expects revenue of $49 million in the third quarter of 2021, which would be a slight decrease from the same quarter a year ago, Read More →
Cowork spaces rebound from pandemic even as companies delay office reopenings
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Hearst Castle plans for 2022 reopening after closure from pandemic, then storm damage
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