SD MANUFACTURING
Vera Bradley Acquires 75% Stake in Pura Vida
According to a news release, the purchase price is $75 million in cash and up to $22.5 million in incremental earnout.
Cannabis VC Invests $10M in San Diego Startup Working to Increase Crop Yields
Canopy Rivers Inc. invested in ZeaKal, a San Diego startup developing technology to make plants more photosynthetic.
San Diego Company Lands Deal with Walmart Through Open Call Initiative
According to a release, because of the on-the-spot deals, select Walmart stores will begin carrying products by Iron Fist in coming months.
Report: Qualcomm, Intel Lobby Against Huawei Ban
U.S. chipmakers, including Qualcomm and Intel, are lobbying against a ban on sales to Chinese electronics company Huawei.
Sempra Declares Dividends for Common, Preferred Stock
Sempra Energy, the San Diego energy services company, announced a dividend of 96.75 cents per share, payable July 15 to shareholders of record on July 5.
Vical to Merge With Colo.-Based Brickell Biotech
Co.to Operate as Brickell, Focus on Skin Conditions
After pulling the plug on a herpes vaccine program, San Diego-based Vical is set to merge with Colorado’s Brickell Biotech in an all-stock deal.
SD 500: Holly Smithson
Holly Smithson leads a professional association dedicated to advancing women in the STEM workforce through leadership development, community investment and market research.
Six San Diego Breweries Voted No.1 in 2019 California Beer Competition
The judging took place earlier this month and included only beers brewed and available for sale in California.
RF Industries Names Board Member
Sherry Cefali has been appointed to the board of San Diego-based RF Industries Ltd., the publicly traded business that specializes in electronic interconnect products.
Sustainable Chemicals Company Genomatica Makes First Acquisition
Genomatica acquired Renewable Energy Group's life sciences division on June 6.
Escondido Company’s Respiratory Aid Gets More Federal Funding
Medical Devices: Kaer Biotherapeutics Receives SBIR Grant
Escondido-based Kaer Biotherapeutics received a $300,000 federal grant to help it develop medical technology that could potentially help premature babies and adults with respiratory problems.
Seismic Software
Be Selective; Raise Funds Before You Need Them
Seismic Founder and CEO Doug Winter closed on $100 million in funding for his company in December. With the additional funds, the company has been preparing to go public, including hiring a chief financial officer who helped take ServiceNow public.
Pentagon Spends On Services for Navy, Marines
Funds Go Toward Unmanned Aircraft, Ship Repair and IT
The following are selected defense contracts awarded to San Diego County companies during late May. The U.S. Department of Defense releases a digest of contract awards daily at 5 p.m. Eastern Daylight Time.
Tijuana Nurtures and Taps Tech Talent
Workforce: Costs, Benefits and Enthusiasm Draw Startups
After working for San Diego-based software firm ArkusNexus for two years, Lonnie McRorey and Jesus Romero set out to start their own company. They founded Framework Science in 2017 in a tiny office in Tijuana.
Jack’s Leader Faces Old, New Challenges With Decision Not to Sell
DINING:
Lenny Comma, CEO of San Diego-based Jack in the Box Inc., isn’t one for gossip. He won’t talk extensively about the NFA, or the National Jack in the Box Franchisee Association, which has called for the replacement of Comma multiple times in the last few months following a vote of “no confidence."