Calavo shares down, but company’s optimism remains high for 2023
Shares of Santa Paula-based Calavo Growers faced another steep drop during the trading day Dec. 21, one day after the company’s fourth quarter and full-year earnings announcement. The company limped through the finish line in the fourth quarter, with both revenue and net income falling well below analysts’ expectations. It’s why Calavo’s stock fell as Read More →
Farming First expands Central Coast’s booming cannabis presence
The Central Coast has the potential to be the premier place to grow cannabis, especially if the federal market ever comes into play — that is what Will Terry believes. A fifth-generation farmer, Terry founded a new operation, Farming First Holdings in 2019 and invested his time, money, and effort into building a robust setup. Read More →
Apeel laying off 96 in second round of the year
Goleta-based Apeel Sciences will lay off a large portion of its workforce, mainly in the Santa Barbara County area, in its second major round of layoffs this year, the company has disclosed. Apeel will lay off a total of 96 employees from its Goleta office, according to a company filing with the state of California. Read More →
VCCCD seeking new campus space on Limoneira land
By Madeleine Benn Staff Writer The Ventura County Community College District has been quietly exploring launching a satellite campus in the Santa Clara River Valley, the Business Times has learned. “We’ve been actively working with the community college for over a decade to find land to help them develop a campus in Santa Paula,” Harold Read More →
Houweling sued over workers’ comp claims from Camarillo greenhouse
The former owner of Houweling’s Tomatoes in Camarillo is being sued by the California Agricultural Network, which claims Casey Houweling and his company left the insurance network “holding the bag” for more than $3 million in workers’ compensation claims. In a suit filed Oct. 19 in Ventura County Superior Court, the California Agricultural Network accused Read More →
Wine Buzz: Alma Rosa, a pioneering winery, moves into a new era
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Region’s farmers leave more land unfarmed as drought deepens
Cilantro isn’t a huge moneymaker for Will Terry, the vice president at Terry Farms in Ventura County, but it is a quick crop that he can grow in the summer months and turn a small profit on. But, due to the ongoing drought exacerbated by limited groundwater allocation rights, growers like Terry have to make Read More →
