Glass House secures loan of up to $100M to retrofit Camarillo greenhouses for cannabis
A few months after purchasing the Houweling’s Tomatoes property in Camarillo, cannabis grower Glass House Group has secured the funding necessary to upgrade the greenhouse facility. Glass House announced Dec. 13 it has acquired a senior secured term loan agreement with a U.S.-based private credit investment fund for up to $100 million, with an initial Read More →
Final member of Inogen’s founding team to leave company
Ali Bauerlein, one of Inogen’s co-founders, has stepped down from her post as the company’s CFO, effective immediately on Dec. 13. According to a company news release, Mike Sergesketter has been appointed interim CFO while Inogen look to fill the position. Bauerlein will stay at Inogen in a transitional finance role through the first quarter Read More →
Habit founders to sell remaining restaurants, including original Goleta spot
After 45 years as legendary Santa Barbara restaurateurs, the Reichard brothers are kicking The Habit. Their wildly successful chain, The Habit Burger Grill, was sold years ago and is now under the Yum Brands umbrella, along with Pizza Hut, KFC and Taco Bell. But Brent and Bruce Reichard kept eight Habit restaurants in Santa Barbara Read More →
Saalex spins off its IT division
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Real Estate: Paseo Nuevo Macy’s to get new life as roller rink; Hotel Santa Barbara sold
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AeroVironment shares in nosedive after company lowers revenue guidance
Shares of AeroVironment plummeted 27.5% on Dec. 7 after the company announced with its quarterly financial results that it would slash its full-year revenue guidance by at least $100 million, “primarily due to three headwinds” tied to supply chains and staffing. AeroVironment, an aerial drone company based in Arlington, Virginia but with major operations in Read More →
State chamber president talks vaccine mandates, legislative agenda in Goleta
With just a few weeks left until the end of 2021, the largest business advocate to California government has its eyes set on the new year. The California Chamber of Commerce, which works at the state and federal levels to influence government actions affecting businesses in the state, says several policies are going to be Read More →
