Westmont receives biggest gifts in its history
Westmont College in Montecito announced Sept. 15 that it had received the two largest cash gifts in its history, totaling more than $15 million. In late August, Westmont received $8.2 million from Ed and Mollie Miller, its largest single gift ever. The donation supports the college’s Paul Raymond Miller Scholarship Endowment, named in honor of Read More →
Cannabis company closes purchase of former Houweling’s Tomatoes greenhouses
Glass House Brands, a publicly traded cannabis company, has closed its purchase of the former Houweling’s Tomatoes property near Camarillo. The 160-acre property has six greenhouses that total 5.5 million square feet. Glass House bought it for $93 million in cash, plus stock considerations, the company said in a Sept. 15 news release. The closing Read More →
Revenue down but earnings up at Limoneira
Limoneira delivered a small earnings beat when the company announced its fiscal results for the third quarter of 2021. Limoneira had released preliminary results Aug. 24 highlighting strong fresh lemon utilization, which helped offset a smaller-than-expected avocado output. According to the audited results, released Sept. 8, Limoneira generated $49.1 million in revenue in the third Read More →
Mission Produce drops 10% after missing earnings estimates
Shares of Mission Produce fell nearly 10% on Sept. 14, the day after the Oxnard-based avocado distributor and grower shared a flat third quarter 2021 financial report that fell below analysts’ expectations. For the quarter ended June 30, Mission Produce generated $247 million in revenue, a 4% increase from the same period a year ago. Read More →
Region’s brewers win Great American Beer Festival medals
Figueroa Mountain Brewing Co. took two gold and two silver medals home to Buellton from the 2021 Great American Beer Festival awards on Sept. 10, one of five medal-winning breweries from the tri-county region. The public festival portion of the Great American Beer Festival was cancelled for the second straight year due to the COVID-19 Read More →
UCSB makes U.S. News national top 30; Cal Poly, CLU among best in West
UC Santa Barbara cracked the top five among national public universities in U.S. News & World Report’s annual “Best Colleges” rankings, released Sept. 12. UCSB was No. 28 among national universities, a list topped this year by Princeton University at No. 1 and a tie for second among Columbia University, Harvard University and the Massachusetts Read More →
UCSB economist: ‘Bad news and good news’ with plentiful jobs but high unemployment
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