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Mission Produce earnings up despite dip in avocado prices

By   /  Thursday, March 11th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Mission Produce earnings up despite dip in avocado prices

Revenue was down for the second consecutive quarter at Oxnard-based Mission Produce, but net income was on the rise in the first quarter of 2021, according to the company’s March 10 earnings statement. Mission Produce, which is one of the biggest avocado distributors in the world, generate revenue in the first quarter worth $173.2 million, Read More →

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Our view: Public has right to know where its money goes

By   /  Tuesday, October 20th, 2020  /  Opinion  /  Comments Off on Our view: Public has right to know where its money goes

We’ll admit to feeling a bit conflicted about the dispute between the county of Ventura and the Ventura County Community Foundation over the disclosure of the names of 777 recipients of $5,000 emergency grants and another 3,000 moving through the approval process. The grants are publicly funded and the foundation, which processed and awarded the Read More →

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Amazon coming to Oxnard next year

By   /  Friday, October 9th, 2020  /  left, Real Estate, Tri-County Economy, West Ventura County  /  Comments Off on Amazon coming to Oxnard next year

Amazon is opening a new fulfillment center at the Sakioka Farms Business Park in Oxnard, bringing more than 1,500 jobs with benefits when the facility opens next year. “This couldn’t have come at a better time, given the pandemic and the economic downturn,” City Councilwoman Carmen Ramirez said in a city news release. “The opportunity Read More →

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VW sees an electric future in Oxnard

By   /  Friday, October 2nd, 2020  /  Energy, right  /  Comments Off on VW sees an electric future in Oxnard

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It’s “Mission accomplished” for avocado distributor’s IPO

By   /  Thursday, October 1st, 2020  /  Agribusiness, Banking & Finance, Latest news, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on It’s “Mission accomplished” for avocado distributor’s IPO

Mission Produce is going on the offensive in the booming global avocado market, with $75 million in new capital from its Oct. 1 initial public offering. The Oxnard-based global avocado packer and distributor went public at $12 per share, a step down from its initial target of $15-$17 per share. The deal netted $75 million Read More →

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Dubroff: Mission Produce IPO holds lessons for industry, region

By   /  Thursday, October 1st, 2020  /  Agribusiness, Banking & Finance, Columns, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Dubroff: Mission Produce IPO holds lessons for industry, region

Henry Dubroff

UPDATE: Mission Produce began trading on the Nasdaq at 12:16 p.m. on Oct. 1. Follow the stock here. The window for initial public stock offerings rarely opens as wide as it has in the fall of 2020. That’s remarkable given the COVID-19 pandemic, the election campaign and governments racking up debt like crazy. But after Read More →

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Cure closes $20M CBD acquisition

By   /  Friday, September 25th, 2020  /  Agribusiness, Banking & Finance, Central Coast Health Watch, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Cure closes $20M CBD acquisition

Cure Pharmaceutical, an Oxnard cannabis products manufacturer, has completed its $20 million cash-and-stock buyout of the CBD company Sera Labs, a deal Cure says will help it reach positive cash flow in around 18 months. Cure’s stock, which is traded on the over-the-counter markets, fell 3 percent following the announcement, closing at $1.29 per share Read More →

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