One of the largest energy storage facilities in the United States was unveiled to the public on June 29, as Oxnard and Ventura County residents, politicians, and business leaders gathered to see the 100-megawatt battery storage system in action. The facility, the Saticoy Energy Storage Site, works by capturing energy during the day when the Read More →
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 →
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 →
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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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 →
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 →