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.

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Achieves important milestone following execution of fifth water supply delivery agreement in 2024 LOS ANGELES , Aug. 15, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company") announced today that it has secured water purchase agreements for 85% of capacity of the Company's "Northern Pipeline."  The announcement follows execution of the fifth agreement this year for water supply from the Company's Water Conservation, Supply, and Storage Project (the "Project"), bringing the cumulative total acre-feet per year under contract for delivery via the Northern Pipeline to 21,275 acre-feet per year.

Cadiz Announces Northern Pipeline Now Contracted for 85% Capacity

CEO Susan Kennedy Also Comments on State Report Predicting Climate Change Will Reduce SWP Supplies by as much as 23% over 20 years LOS ANGELES , Aug. 8, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, announced today the release of a new video focused on the hydrogeology of the watershed surrounding the Company's Cadiz Ranch in California's eastern Mojave Desert. The Cadiz Aerial Tour video utilizes new photography, underground imagery and aerial footage to bring to life the vast and unique aquifer system flowing beneath Cadiz Ranch.

Cadiz Releases New Aerial Tour of Aquifer System Feeding Mojave Groundwater Bank

Honorable David Sickey, Former Tribal Chairman of Coushatta Tribe of Louisiana and Senior Consultant with U.S. Department of Energy, will Assist with Energy and Water Infrastructure Financing  LOS ANGELES , July 26, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, announced today the appointment of David Sickey, the former distinguished Chairman of the Coushatta Tribe, as Senior Advisor for Energy and Water Projects, effective immediately. Chairman Sickey, an 18-year veteran of tribal government, recently concluded two years of service as Senior Consultant to the U.S. Department of Energy's (DOE) Loan Programs Office focused particularly on the Tribal Energy Finance Program.

Cadiz Inc. Announces Former Tribal Chairman David Sickey as Senior Advisor

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Filters will provide iron and manganese treatment for groundwater in Wisconsin, Nevada and Washington cleaning water supply for a variety of communities LOS ANGELES , July 18, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, today announced the Company's operating subsidiary ATEC Water Systems, LLC ("ATEC") secured three additional sales contracts for iron and manganese filtration systems totaling an expected $1.5 million in sales revenue. ATEC's specialized filter systems will treat groundwater supplies in Wisconsin, Nevada and Washington state serving a diversity of communities, including the University of Wisconsin at Madison, the Portland suburbs and rural Nevada clean energy development, further expanding the reach and demand for ATEC's market-leading iron and manganese filters.

Cadiz's ATEC Water Systems Secures Three New Sales Contracts Expected to Add $1.5 million in 2024 Revenues

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LOS ANGELES , June 24, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, today announced that its Board of Directors has declared the following cash dividend on the Company'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 2024 on Series A Cumulative Perpetual Preferred Stock

SMWD, Cadiz sign agreement for 5,000 AFY of water via Northern Pipeline with price cap of $1,650 AFY LOS ANGELES , June 20, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, today announced that the Company signed a definitive agreement with Santa Margarita Water District ("SMWD") to deliver water from the Cadiz Water Supply and Storage Project in the Mojave Desert through the Company's Northern Pipeline. SMWD's board of directors approved the agreement by unanimous vote at the agency's board meeting on June 5 th.

Cadiz Signs Northern Pipeline Delivery Agreement with Santa Margarita Water District

LOS ANGELES, CA / ACCESSWIRE / June 13, 2024 / Cadiz, Inc. (NASDAQ:CDZI)(NASDAQ:CDZIP) ("Cadiz" or the "Company"), a California water solutions company, announced today that management will participate in the iAccess Alpha Buyside Best Ideas Summer Conference 2024 being held virtually on June 25 and 26, 2024. Cadiz Chairman and CEO Susan Kennedy will deliver a virtual presentation on June 25, 2024, at 10:30 am ET focused on how Cadiz is bringing innovative solutions and financing structures to the water sector.

Cadiz to Participate in the iAccess Alpha Buyside Best Ideas Summer Conference 2024

75,000 acre-feet of water supply will support sustainable growth and groundwater recharge in the Mojave River Basin. LOS ANGELES and HESPERIA, Calif.

Cadiz Signs LOI with City of Hesperia for Water Supply

CEO & Chairman Discusses Goal to Pursue Financing Structures, Move Project Development & Capital Costs Off Balance Sheet LOS ANGELES , May 30, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, today released a brief update from Chairman and CEO Susan Kennedy to address the Company's most frequently asked questions following its participation in the B. Riley Securities 24th Annual Institutional Investor Conference.

Cadiz Provides B. Riley Institutional Investor Conference Recap

Kennedy's Presentation "Water Resiliency at Scale" Focused on Climate Change Impacts on Western Water Access and Opportunities for New Solutions LOS ANGELES , May 23, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, today announced that Chairman & CEO, Susan Kennedy presented at the VerdeXchange 2024 conference held on Monday, May 13, 2024, in Los Angeles. In her presentation, entitled "Water Resiliency at Scale", Ms.

Cadiz Posts Chairman and CEO Susan Kennedy's Webcast from Green Economy Conference VerdeXchange 2024

LOS ANGELES , May 17, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, today announced that the webcast replay of its Corporate Overview Investor Call held on Thursday, May 16, 2024, as well as the accompanying investor presentation and the call's full transcript, including the question and answer session, are now accessible on the Company's Investor Relations Website. The Cadiz Corporate Overview Investor Call served as the debut investor event for Chairman and CEO, Susan Kennedy, who was appointed to lead the Company in January 2024.

Cadiz Posts Inaugural Corporate Overview Investor Call Materials to Investor Relations Website

Award Represents ATEC's 12th Successful Bid within the last 12 Months LOS ANGELES , May 13, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz" or the "Company"), a California water solutions company, is pleased to announce today that the Company's water treatment operating subsidiary ATEC Water Systems, LLC ("ATEC"), a leading producer of specialized water filtration solutions for groundwater, was the successful bidder to supply water treatment filtration systems for the Cascade Groundwater Alliance treatment project in Gresham, Oregon ("Cascade Project"). Under the terms of the award, ATEC will manufacture 140 filters to remove manganese from local groundwater for a total gross contract value of approximately $5.2 million.

Cadiz Subsidiary ATEC Water Systems Awarded $5.2 Million Contract, Increases ATEC 2024 Revenue Forecast to $15 Million from $12 Million

Call to be Held on Thursday, May 16, 2024 at 11:00am ET Prepared Remarks to be Followed by Q&A Session Company to Participate in B. Riley Investor Conference on May 22 – 23, 2024 LOS ANGELES, May 10, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI, CDZIP) ("Cadiz" or the "Company"), a California water solutions company, today announced that it will host a Corporate Overview Investor Call on Thursday, May 16, 2024 at 11:00am ET, a first for the Company under the leadership of Susan Kennedy, Chairman and CEO of Cadiz.

Cadiz's Chairman and CEO Susan Kennedy to Host Corporate Overview Investor Call

Company's Critical Inflection Point Under Susan Kennedy's New Leadership Drives Expansion of Investor Communications Recent Form 4 Filing Disclosed CEO's Purchase of Shares of CDZI to Align with Shareholders LOS ANGELES , May 9, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI,CDZIP) ("Cadiz" or the "Company"), a California water solutions company, has engaged international investor relations specialists MZ Group ("MZ") to lead a comprehensive strategic investor relations and financial communications program across all key markets at a pivotal inflection point for the Company. Several key developments over the last six months demonstrate this inflection point including critical permitting and contracting milestones in the development of water and infrastructure assets.

Cadiz Engages MZ Group to Enhance Strategic Investor Relations Program

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.

News for Cadiz Stock (CDZI)