Arcutis shares up on news of public, private offerings
Arcutis Biotherapeutics saw a 15 percent rise in its share price after it said Sept. 29 that it will offer 4 million shares to the public and sell another $35 million in stock to an affiliate of one of its directors. Arcutis closed at $31.04, a gain of $4.28 after it announced the dual track Read More →
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 →
Our view: This recovery, like the last, will be Latino-led
Latinos were the unsung heroes of the U.S. recovery from the Great Recession, and they will lead the national economy out of its current pandemic slump. Those are the subtexts behind the latest annual report on the Latino economy, produced jointly by the Center for Economic Research and Forecasting at California Lutheran University and the Read More →
Patagonia names new CEO
Facing a difficult time for retail and rising concerns about a climate crisis, Ventura-based Patagonia announced Sept. 24 that Ryan Gellert, who has overseen its operations in Europe, the Middle East and Africa, will be its next CEO. Gellert replaces Rose Marcario, who was CEO from 2014 until earlier this year. Doug Freeman, the company’s Read More →
Mission Produce could join three-comma club with $1B-plus IPO
Mission Produce put a $1.18 billion price tag on its avocado operation, announcing in a Sept. 23 Securities and Exchange Commission filing that it plans to raise around $106 million in its initial public offering. The Oxnard-based avocado distributor said it plans to offer some 6.25 million shares of common stock for $15-$17 per share. Read More →
Region gets new SBA leadership as Parker heads to D.C.
Victor Parker, head of the U.S. Small Business Administration’s Los Angeles District Office, is taking a new post at the agency’s headquarters in Washington, D.C. The LA District, which includes Ventura and Santa Barbara counties, is the largest in the nation in terms of dollar volume of SBA loans. During nine years as district director, Read More →
Wildfires hit tourism industry still reeling from pandemic
This is supposed to the time of year for clear skies in Morro Bay. The fog, when it comes in at all, usually lifts by noon, says Mary Robinson the owner of Paddlesports Morro Bay. But lately the San Luis Obispo County coast has been blanketed by a mix of fog, smoke and ash. Robinson’s Read More →
