More avocado consumption doesn’t add up to more profit for Calavo
Americans have been eating more avocados than ever during the pandemic, but the companies that sell them avocados aren’t necessarily profiting from the growing volume. Around 70% of U.S. households will have purchased avocados in 2020, with consumption on pace to top 6.25 billion avocados, 64% more than U.S. consumers bought in 2014, according to Read More →
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‘Golden age of biotechnology’ comes to Conejo Valley
Westlake Village BioPartners has launched two new funds worth a total of $500 million, bringing the total raised by the firm to more than $820 million since it was founded in 2018.
Read More →Hemp growers hope for comeback as Ventura County loosens buffer rules
The Ventura County Board of Supervisors voted Dec. 15 to adopt new regulations on industrial hemp. Growers are hoping this will help reverse the decline of a crop that lost more than 90% of its Ventura County acreage from 2019 to 2020.
Read More →GeoLinks wins federal broadband contract, plans ‘massive growth’
For the past few years, GeoLinks’ goal as an internet service provider has been bringing connectivity to rural areas in California not prioritized by the bigger providers like Verizon or AT&T. It recently got a big boost in that effort in the form of a $234.9 million federal contract.
Read More →Two Central Coast economic development nonprofits to merge
The economic development groups Reach and the San Luis Obispo Economic Vitality Corporation announced a merger on Dec. 17, one that will bring the EVC under the Reach banner in a combined effort to improve the economies of San Luis Obispo County and northern Santa Barbara County. The boards of both Reach and the EVC Read More →
Read More →AeroVironment expands into ground robotics with German acquisition
AeroVironment, an aerial drone company based in Simi Valley, reached an agreement Dec. 8 to acquire Telerob, a German robotics company, in a deal worth approximately $45.4 million in cash.
Read More →Pandemic shutdowns put crimp in Figueroa Mountain’s bankruptcy plan
In the two months since it filed for bankruptcy, Figueroa Mountain Brewing Co., the region’s second largest craft brewer, has been both battling and working with its largest creditor, the Boston private equity firm White Winston.
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