Cadiz

Cadiz, Inc. is a land and water resource development company, which engages in the acquisition and development of land with water resources for various uses such as groundwater supply, groundwater storage, and agriculture. The firm’s project includes the Cadiz Valley Water Conservation, Recovery and Storage. The company was founded by Keith Brackpool in 1983 and is headquartered in Los Angeles, CA.

Earnings data Q1 2024

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Innovative " Solomon Hills "  project will support 4,000 Central Coast working families near Vandenberg Space Force Base LOS ANGELES , April 24, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") announced today that the Company and Fenner Gap Mutual Water Company ("Fenner Gap") signed a water supply agreement with Solstra Communities California LLC ("Solstra") for delivery of 1,275 acre-feet per year of water from the Cadiz Water Supply and Storage Project to support development of more than 4,000 homes for military and working families along the Central California coast. Today's announcement is the first time Cadiz has contracted with a housing developer for water supply.

Cadiz Announces Water Supply Agreement with Solstra Communities to Support Bold Attainable Housing in Santa Barbara County

LOS ANGELES , March 22, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz," the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"). Holders of Series A Preferred Stock will receive a cash dividend equal to $550.00 per whole share.

Cadiz Inc. Declares Quarterly Dividend for Q1 2024 on Series A Cumulative Perpetual Preferred Stock

$57 million credit agreement includes $20 million to support development and construction of water supply projects before the next drought. LOS ANGELES and GENEVA , March 6, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") announced today that it has completed a financing transaction that significantly strengthens its financial position and provides the Company with liquidity to accelerate development of its water supply projects in Southern California.

Cadiz Closes Financing, Secures Development Capital For Water Supply Projects

A veteran of the public finance industry, Lloyd brings over thirty years of experience in capital markets, government and infrastructure finance, including leadership positions at KPMG and the California State Treasurers Office. LOS ANGELES , March 1, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") announced that Barbara Lloyd, a leading professional in the project finance industry with deep experience in public-private infrastructure financing in California, was appointed today to the Company's Board of Directors.

Cadiz Inc. Announces Appointment of Barbara Lloyd to its Board of Directors

Heerema to acquire $21.2 million Senior Secured Loan and provide the Company an additional $20 million to fund capital investments for revenue generation, operations and growth. LOS ANGELES and GENEVA , Feb. 21, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") and Heerema International Group Services BV ("Heerema"), the Company's largest shareholder, are pleased to announce a new financing agreement to support growth and capital investments in the Company's water supply, pipeline, filtration and storage assets.

Cadiz, Inc. and Heerema IGS Announce Financing Agreement to Drive Growth

Adelanto joins Fenner Gap and Victor Valley water agencies in regional planning, infrastructure investment strategy to improve reliability and quality of local water supplies. LOS ANGELES , Feb. 1, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") announced today that the City of Adelanto, California has signed a Letter of Intent with Fenner Gap Mutual Water Company ("Fenner Gap") to join Victor Valley water agencies in developing an integrated water management and infrastructure investment plan for the Mojave Basin region.

City of Adelanto to Join Mojave Basin "One Water" Plan

One Water plan will integrate High Desert infrastructure investments to improve water quality and increase reliability of local water supplies. LOS ANGELES , Jan. 26, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP, the "Company") announced that Fenner Gap Mutual Water Company ("Fenner Gap") has signed a Letter of Intent with the Victor Valley Wastewater Reclamation Authority ("VVWRA") to develop a coordinated investment strategy for water infrastructure in San Bernardino County's Mojave Basin region.

Fenner Gap and Victor Valley Water Agencies Launch "One Water" Plan

LOS ANGELES , Dec. 22, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI, NASDAQ: CDZIP) (the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"). Holders of Series A Preferred Stock will receive a cash dividend equal to $560.00 per whole share.

Cadiz Inc. Declares Quarterly Dividend for Q4 2023 on Series A Cumulative Perpetual Preferred Stock

In the news release, BLM Approves MLA Right-of-Way Grant to Cadiz for Northern Pipeline, issued 15-Dec-2023 by Cadiz, Inc. over PR Newswire, the coding for the company's stock ticker (NASDAQ: CDZI) was incorrectly omitted by PR Newswire when transmitted. The full release with ticker coding follows: BLM Approves MLA Right-of-Way Grant to Cadiz for Northern Pipeline Assignment of MLA ROW Grant Clears Title for Financing LOS ANGELES, Dec. 15, 2023  /PRNewswire/ --Cadiz, Inc. (NASDAQ: CDZI/CDZIP, the "Company") is pleased to announce that today the U.S. Bureau of Land Management ("BLM") issued a final decision approving the assignment of a Mineral Leasing Act right-of-way ("ROW") grant to Cadiz for the Company's Northern Pipeline.

/C O R R E C T I O N -- Cadiz, Inc./

Executive Chair, Susan Kennedy, to Step into Full-time Role as CEO, Water-law Expert Scott Slater to continue Serving as Senior Advisor, and the Company to Create Two New Executive Positions as Project Development Ramps Up LOS ANGELES , Dec. 7, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP, the "Company") is pleased to announce today that Susan Kennedy, Executive Chair of the Board of Directors, will step into a full-time role as the Company's Chief Executive Officer ("CEO") beginning January 1, 2024.  Scott Slater, who has served as President and CEO of Cadiz since 2011, plans to continue to serve as a senior advisor to the Company.

Cadiz to Expand Executive Team in 2024

ATEC Water Systems Revenues Expected to top $12 Million in FY 2024 LOS ANGELES , Nov. 13, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI/CDZIP) is pleased to mark the one-year anniversary of its acquisition of our water treatment operating subsidiary ATEC Water Systems, L.L.C. ("ATEC"), a leading producer of specialized water filtration solutions for contaminated groundwater sources.

Cadiz Marks One Year Anniversary of ATEC Acquisition

CADIZ, Ca., Nov. 2, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP) announced today that the Company entered into a binding agreement with San Bernardino County, Santa Margarita Water District ("SMWD") and Fenner Gap Mutual Water Company to provide priority rights to water supply from the Cadiz Water Conservation and Storage Project ("Cadiz Project") to public water systems serving San Bernardino County communities. The new agreement, approved first by the San Bernardino County Board of Supervisors on October 24, 2023, amends the 2012 Memorandum of Understanding ("MOU") between Cadiz, the County and SMWD governing groundwater management for the Cadiz Project in the eastern Mojave Desert.

Cadiz Signs Agreement with San Bernardino County and Water Project Agencies to Reserve Water Supply for Desert Communities

Tapping gas pipeline infrastructure allows Cadiz to replace diesel engines, improve reliability and cut carbon emissions with solar-hybrid microgrids. LOS ANGELES , Oct. 24, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP) announced today that the Company has entered into a long-term contract with El Paso Natural Gas Company, L.L.C.

Cadiz Signs Agreement with El Paso Natural Gas for Long-Term Power Supply

LOS ANGELES , Sept. 22, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz," the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").

Cadiz, Inc. Declares Quarterly Dividend for Q3 2023 on Series A Cumulative Perpetual Preferred Stock

LOS ANGELES , Sept. 21, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP) a leading water solutions provider announced today that Susan Kennedy, Executive Chair of the Company's Board of Directors will participate in the 2023 Goldman Sachs Global Sustainability Forum on Wednesday, Sept.

Cadiz to Participate in Goldman Sachs Global Sustainability Forum

LOS ANGELES , June 23, 2023 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"). Holders of Series A Preferred Stock will receive a cash dividend equal to $560.00 per whole share.

CADIZ INC. DECLARES QUARTERLY DIVIDEND FOR Q2 2023 ON SERIES A CUMULATIVE PERPETUAL PREFERRED STOCK

Solar-hybrid microgrids can provide 100% uptime reliability, reduce energy costs by 30% and cut carbon emissions by 75%. LOS ANGELES , June 13, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI) ("Cadiz", the "Company") announced today the selection of Scale Microgrids ("Scale") to develop clean energy microgrids for the Cadiz Water Conservation, Supply and Storage Project in the Mojave Desert.

Cadiz Partners with Scale Microgrids to Develop Clean Energy Microgrids for Water Supply, Pipeline Project

LOS ANGELES , April 27, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company"), a leading provider of clean water solutions, announced today the release of a new short film produced by award-winning visual media company Tandem Stills + Motion focused on the unique and spectacular water resources of the Cadiz Ranch in California's eastern Mojave Desert.  Tandem's breathtaking photography and documentary-style films capturing inspirational stories about our planet have won numerous awards for work in the broadcast television, giant-screen film and digital streaming marketplace.

New Cadiz Clean Water Solutions Video Produced by Tandem Stills + Motion

LOS ANGELES, April 14, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company"), a leading provider of clean water solutions, announced today the nomination of Maria Jelescu Dreyfus to its Board of Directors. Jelescu brings more than 20 years of strategy and financial experience including 15 years at Goldman Sachs and as the founder/CEO of Ardinall Investment Management, an independent investment firm focused on emerging megatrends in the clean energy transition.

Cadiz Nominates Maria Jelescu Dreyfus to its Board of Directors

Salton Sea Authority Also Approves Contract for 5,000 Acre-feet of Cadiz Water Supply LOS ANGELES , April 6, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company"), a clean water solutions company, announced that it completed construction of three new groundwater wells at the Cadiz Ranch increasing the wellfield to 12 production wells with an annual capacity of 36,000 acre-feet of water per year (AFY).  With the new wells online, the Cadiz Ranch wellfield will have sufficient capacity to deliver the full volume of the Company's Northern Pipeline, or 25,000 AFY, and also continue to support current agricultural operations at the Cadiz Ranch.

Cadiz Announces Completion of Wellfield Expansion to 36,000 Acre-feet per Year

LOS ANGELES , March 24, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"). Holders of Series A Preferred Stock will receive a cash dividend equal to $550.00 per whole share.

CADIZ INC. DECLARES QUARTERLY DIVIDEND FOR Q1 2023 ON SERIES A CUMULATIVE PERPETUAL PREFERRED STOCK

Cadiz-owned company, ATEC Water Systems to provide innovative filter systems for Central Utah Water Conservancy District project to deliver clean water to growing communities HOLLISTER, Calif. , March 7, 2023 /PRNewswire/ -- ATEC Water Systems LLC, a wholly-owned subsidiary of Cadiz, Inc. (NASDAQ: CDZI), is pleased to announce that it was awarded a $10 Million contract to provide all wellhead filters required by the Central Utah Water Conservancy District("CUWCD") 's Vineyard Wellfield Groundwater Polishing Project ("Project"), a treatment facility that will deliver 60 million gallons per day ("MGD") or approximately 54,000 acre-feet per year of clean groundwater to central Utah communities.

Cadiz's ATEC Water Systems Signs $10M Contract to Supply Filters for Utah's Largest Water District

In separate actions, Coachella Valley Water District approves agreement to convey Cadiz water to the Salton Sea and San Bernardino County makes appointment to Cadiz Water Project's Technical Review Panel LOS ANGELES , March 1, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI) ("Cadiz", the "Company"), a clean water solutions company, published a new edition of CDZI Magazine, the Company's annual shareholder newsletter summarizing developments across the Company over the past year. The new edition features an interview with Cadiz Executive Chair Susan Kennedy reflecting on her first year in her role.

Cadiz Issues 2023 Shareholder Newsletter Marking One Year Anniversary of New Board Chair Susan Kennedy

Panel of independent scientists established to set baseline aquifer and watershed conditions in preparation for monitoring of project operations LOS ANGELES , Feb. 2, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI, CDZIP) ("Cadiz," the "Company") announced today that the Technical Review Panel ("TRP") responsible for technical oversight and environmental monitoring of the Cadiz Water Conservation and Storage Project ("Project") has been officially initiated by the County of San Bernardino and the Santa Margarita Water District ("SMWD").  The TRP, which is comprised of three independent experts in hydrogeology, hydrology and sustainable groundwater management, is a key component of the Groundwater Management, Monitoring and Mitigation Plan("GM3P") established in 2012 in compliance with the County of San Bernardino's Desert Groundwater Management Ordinance.

TECHNICAL REVIEW PANEL BEGINS WORK ON CADIZ WATER PROJECT

Heerema IGS and Odey Asset Management lead investment in Cadiz to accelerate development of clean, affordable water supply, reduce Company debt LOS ANGELES , Jan. 31, 2023 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI, CDZIP) ("Cadiz," the "Company") today announced that it has priced a registered direct offering ("Offering") of 10.5 million shares of common stock for total gross proceeds of $40.32 million. The Offering was led by the Company's largest equity shareholders, Heerema International Group Services SA ("Heerema IGS") and Odey Asset Management, with Heerema IGS maintaining beneficial ownership of approximately 35% of the Company's common stock.

News for Cadiz Stock (CDZI)