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California agriculture to lose $1 billion in 2015 due to drought

By   /  Friday, June 5th, 2015  /  Agribusiness, Columns, Latest news, Small Business, Top Stories, Tri-County Economy, Wine & Viticulture  /  Comments Off on California agriculture to lose $1 billion in 2015 due to drought

A study by the California Department of Food and Agriculture and researchers at UC Davis estimates that agriculture across the state may see as much as $1 billion lost in gross revenue through 2015 as the drought continues and groundwater supplies are further depleted. “The 2015 drought is not as severe as initially anticipated, but Read More →

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Calavo gains with avocados, strawberries blossom statewide

By   /  Friday, April 3rd, 2015  /  Agribusiness, Columns, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Calavo gains with avocados, strawberries blossom statewide

The Tri-Counties was hit with at least $10 million in lost crop revenue last year, but there are still a good number of bright spots in ag.

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Calavo shares shoot up on Q1 earnings

By   /  Friday, March 6th, 2015  /  Agribusiness, Earnings, Latest news, South Coast, Top Stories, Tri-County Public Companies  /  Comments Off on Calavo shares shoot up on Q1 earnings

Santa Paula-based Calavo Growers roared out of the gate with a profit of $5.3 million in its fiscal 2015 first quarter, according to a release from the company. The company’s shares jumped nearly 6.5 percent to $45.05 at the market’s close. After recording a $1.8 million loss in the same period last year, Calavo appears Read More →

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Calavo posts record Q3, launches FreshRealm

By   /  Thursday, September 18th, 2014  /  Agribusiness, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Calavo posts record Q3, launches FreshRealm

Calavo Growers reported record third-quarter earnings, shattering analyst expectations. The Santa Paula-based produce marketer earned $16 million, or $1.02 per share, in the third quarter, up from $6.4 million, or 43 cents per share, a year earlier. it said in Sept. 15 filings. On average, analysts had been expecting earnings of 46 cents per share, Read More →

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Ventura startup hopes to bring meals to your door

By   /  Friday, June 13th, 2014  /  Banking & Finance, East Ventura County, Small Business, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Ventura startup hopes to bring meals to your door

FreshRealm is betting millions of dollars on a revolutionary concept: A backend service for businesses that enables customers to get fresh food sent directly to their homes. Combined with a reusable container that can be filled at a store and shipped via FedEx to the home, the service utilizes existing infrastructure and can scale quickly, its founders say.

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Calavo shares rally on record Q2 profits

By   /  Monday, June 2nd, 2014  /  Agribusiness, Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Calavo shares rally on record Q2 profits

Shares of produce marketer Calavo Growers surged more than 7 percent in midday trading on Monday as the firm’s second-quarter profits surged 205 percent to $6.7 million, setting a quarterly earnings record.

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Calavo gets $10M for FreshRealm food delivery platform

By   /  Thursday, May 1st, 2014  /  Agribusiness, Banking & Finance, East Ventura County, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Calavo gets $10M for FreshRealm food delivery platform

Santa Paula-based Calavo Growers has received $10 million in funding and named a CEO for its FreshRealm food distribution platform, it said on Thursday. Michael Lippold, who is the former director of strategic development at Calavo, will lead the new venture, which is based in Ventura. FreshRealm, a new cloud-hosted technology platform that connects growers, Read More →

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