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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Cadiz (CDZI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Cadiz (CDZI) to Report a Decline in Earnings: What to Look Out for

LOS ANGELES, July 7, 2021 /PRNewswire/ --  Today, Cadiz Inc. ("the Company," NASDAQ: CDZI) is pleased to announce the closing of a new, long-term $50 million, 7% senior secured credit facility agented by B Riley Securities, Inc. (the "BRS Credit Facility"), successfully completing a $107.5 million financing package that has enabled the Company to reduce its total outstanding debt, lengthen debt maturity and provide capital resources for continued asset development activities. The net proceeds from the BRS Credit Facility, combined with the net proceeds from its recently closed underwritten registered public offering of $57.5 million of 8.875% Series A Cumulative Perpetual Preferred Stock  (the "Series A Preferred Stock"), represented by depositary shares which are expected to be begin trading on NASDAQ under the symbol "CDZIP" within 30 days, were utilized to repay in full the Company's senior secured term loan with Apollo Special Situations Fund, LP(the "Existing Credit Agreement"), fund a segregated dividend account and provide working capital.

Cadiz Completes $107.5M Refinancing Package

LOS ANGELES, July 1, 2021 /PRNewswire/ -- Cadiz Inc. ("the Company," NASDAQ: CDZI) is pleased to announce today that it completed the acquisition of an existing 220-mile pipeline, the Cadiz "Northern Pipeline," making final payment of $19 Million to El Paso Natural Gas ("EPNG"). As California continues to address supply inequalities, infrastructure challenges and intensifying drought, the Northern Pipeline can provide new water conveyance access and supplement California's water infrastructure along an underserved, growing east-west route with additional regulatory approvals.

Cadiz Completes Acquisition of 220-Mile Pipeline Asset

LOS ANGELES, June 30, 2021 /PRNewswire/ -- Cadiz Inc. ("Cadiz", the "Company" or "we") (NASDAQ: CDZI) today announced the pricing of its underwritten registered public offering of 2,000,000 depositary shares at an initial public offering price of $25.00 per depositary share, raising gross proceeds of $50 million before deducting underwriting discounts and other estimated offering expenses. The offering is expected to close on or about July 2, 2021, subject to customary closing conditions.

Cadiz Inc. Prices $50 Million Offering of Depositary Shares

LOS ANGELES, June 28, 2021 /PRNewswire/ -- Cadiz Inc. ("Cadiz", the "Company" or "we") (NASDAQ: CDZI) today announced it has commenced an underwritten registered public offering of 2,000,000 depositary shares, each representing a 1/1000th fractional interest in a share of the Company's Series A Cumulative Perpetual Preferred Stock, with a liquidation preference of $25.00 per depositary share, to raise anticipated gross proceeds of $50.0 million before deducting transaction expenses, subject to market and certain other conditions.  The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the offering.

Cadiz Inc. Announces Offering of Depositary Shares and Series A Cumulative Perpetual Preferred Stock

LOS ANGELES, May 4, 2021 /PRNewswire/ -- Cadiz Inc. (NASDAQ:CDZI) ("Cadiz", the "Company") released a new issue of CDZI Magazine, the Company's quarterly newsletter. The latest edition includes a summary of company news and events from the first quarter of 2021, commentary from Cadiz CEO Scott Slater, and content and images highlighting current progress of our agriculture and water projects.

Cadiz Inc. Spring 2021 Shareholder Newsletter Available

LOS ANGELES, April 6, 2021 /PRNewswire/ -- Today, SoCal Hemp JV LLC ("SoCal Hemp") is pleased to announce that it has renewed its local partnership with Victorville, California's Victor Valley College ("VVC") to support student research into desert hemp farming, hemp product marketing and development. SoCal Hemp is a joint venture partnership between Cadiz Inc. (NASDAQ: CDZI), the largest agricultural operation in San Bernardino County, and Glass House Farms, one of California's most successful legal cannabis growers, dedicated to growing hemp in California's Mojave Desert and developing and marketing hemp-derived products nationwide.

SoCal Hemp Renews Partnership with Victor Valley College to Support Hemp Research at Cadiz Ranch

Cadiz CEO Scott Slater joined forces with Graham Farrar's Glass House Group to take advantage of 2018 Farm Bill. On raising capital and issuing shares, the Cadiz Water Project and growing sustainably.

Innovating, Developing And Scaling - Interview With Cadiz CEO Scott Slater & Glass House's Graham Farrar (Video)

LOS ANGELES, March 26, 2021 /PRNewswire/ -- Cadiz Inc. ("the Company", NASDAQ:CDZI) issued the following statement regarding unusual trading in its common stock in the days preceding the March 23, 2021 filing of lawsuits by organizations, including the Center for Biological Diversity, Sierra Club, and National Parks Conservation Association et al., against the U.S. Bureau of Land Management relating to right-of-way permits issued to the Company, which authorize the conveyance of water in an idle 220-mile steel pipeline that travels across working class communities in California's San Bernardino and Kern Counties.

Cadiz Inc. Issues Statement on Unusual Trading Activity Related to its Securities

LOS ANGELES, March 25, 2021 /PRNewswire/ -- Cadiz Inc. ("the Company", NASDAQ: CDZI), a California business dedicated to sustainable water and agricultural projects, is pleased to announce Susan Kennedy's appointment to the Company's Board of Directors.  Kennedy brings more than 30 years of relevant public and private experience, including her roles as former Commissioner of the California Public Utilities Commission, former Chief of Staff and Cabinet Secretary to two California governors, former member of the California Bay-Delta Authority, and as founder and CEO of renewable energy start-up Advanced Microgrid Solutions, which was acquired by AES/Siemens in 2020.

Cadiz Inc. Announces Appointment Of Susan P. Kennedy To Its Board Of Directors

Lawsuits by Growth Opponents Seek to Undercut the Needs of Communities in Underserved Area of California and Deny their Use of an Idle, Existing Pipeline to Convey Water for the Public Benefit Lawsuits by Growth Opponents Seek to Undercut the Needs of Communities in Underserved Area of California and Deny their Use of an Idle, Existing Pipeline to Convey Water for the Public Benefit

Cadiz Inc. Issues Statement on New Lawsuits from Opponents of Water Access Targeting Company's Repurposing of Idle Oil & Gas Pipeline

LOS ANGELES, March 23, 2021 /PRNewswire/ -- Today, Cadiz Inc. (NASDAQ: CDZI) ("Cadiz", the "Company"), a California business dedicated to sustainable water and agricultural projects, issued a statement from Company CEO Scott Slater on the heels of World Water Day as California faces another dry year.  "Today, most Californians find themselves staring down another drought declaration.

Cadiz CEO Issues Call to Action on California Water Supply Crisis

LOS ANGELES, Dec. 31, 2020 /PRNewswire/ -- Today, Cadiz Inc. (NASDAQ: CDZI) ("Cadiz", the "Company") posted to its website a new issue of CDZI Magazine, the Company's quarterly newsletter. The latest edition includes a summary of company news and events from the fourth quarter of 2020,...

Cadiz Inc. Fourth Quarter 2020 Shareholder Newsletter and 2021 Outlook

LOS ANGELES--(BUSINESS WIRE)--Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, the “Company”) is pleased to announce that the Cadiz Water Project, the Company's public-private partnership with California water providers to deliver new water supplies and groundwater storage for Southern California, was recognized today by global infrastructure strategy organization CG/LA as the Sustainability/Green Infrastructure Project of the Year at the North American Infrastructure Leadership Forum held virtually from Wa

Cadiz Water Project Recognized as Top Green Infrastructure Project at the North American Infrastructure Leadership Forum

LOS ANGELES, Oct. 21, 2020 /PRNewswire/ -- Today, Cadiz Inc. (NASDAQ: CDZI) joins elected officials, water utilities, community leaders, educators and businesses from across the country as part of the sixth annual Imagine a Day Without Water, a nationwide day of education and advocacy...

Cadiz Inc. Joins Sixth Annual "Imagine a Day Without Water" Campaign to Raise Water Awareness

LOS ANGELES--(BUSINESS WIRE)--Today, Cadiz Inc. (NASDAQ: CDZI) posted on its website a new white paper discussing the opportunity for groundwater storage in California. An excerpt is reprinted below and a full copy of the paper is available at https://www.cadizinc.com/2020/09/29/the-groundwater-banking-solution-for-california/. “California’s water infrastructure was designed to provide protection from the fluctuations between wet and dry years that characterize its climate. Over the last centur

Cadiz Inc. Presents The Groundwater Banking Solution for California

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Company appoints Tim Shaheen to new Director of Development role and names new CFO as operations focus on expansion of agriculture development and complementary water infrastructure

Cadiz Inc. Expands Management Team to Support Burgeoning Operations

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LOS ANGELES, Jan.  07, 2020  (GLOBE NEWSWIRE) -- Today Cadiz  Inc. (NASDAQ: CDZI) (“Cadiz”, the “Company”) posted to its website a new issue of  CDZI Magazine , the Company’s quarterly newsletter. The latest edition includes a summary of industry headlines and media coverage from the final quarter of 2019, as well as content from the Company’s corporate blog and images from the SoCal Hemp Co. farming operation, which is preparing to move from a research trial to a commercial crop in 2020.

Cadiz Releases Quarterly Shareholder Newsletter

Behind The Idea: Cadiz - Structurally Unprofitable, Burdened With Senior Secured Debt, And Tied Up In Legislative Roadblocks

LOS ANGELES, Oct.  31, 2019  (GLOBE NEWSWIRE) -- Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, the “Company”) is pleased to announce that SoCal Hemp LLC, its joint venture subsidiary with Glass House Group, has completed its first harvest of industrial hemp at the Cadiz Valley Ranch in California’s Mojave Desert as part of a research program announced earlier this year. The first hemp crop, which was planted during the height of the summer, was successfully grown in the open-air, desert environment demonstrating that commercial hemp production is a viable crop for the Company’s agricultural operations. A second phase of the trial is already underway, and preparations have begun to expand to commercial production in 2020 on up to 1,280 acres.

Cadiz Subsidiary SoCal Hemp Completes Its First Harvest at Cadiz Valley Ranch

LOS ANGELES, Oct.  21, 2019  (GLOBE NEWSWIRE) --  Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, the “Company”) is pleased to announce that the Cadiz Water Project, the Company’s public-private partnership with California water providers to make available new, sustainable water supplies and groundwater storage for Southern California, was recognized today by  Blueprint 2025  as a Top 10 Private Investment in Infrastructure Project at the  North American Infrastructure Forum  held in Washington D.C.  Blueprint 2025 is a bi-partisan coalition of infrastructure leaders dedicated to transforming the domestic infrastructure market by injecting private investment into key, strategic projects. Today’s awards were granted to projects that will improve and expand North American infrastructure, but require little or no public investment to be built. The Cadiz Water Project was the sole California project to be recognized at today’s ceremony presided over by General David H. Petraeus, a member of Blueprint 2025’s National Infrastructure Performance Council.

Cadiz Water Project Recognized as a Top 10 Infrastructure Project at the North American Infrastructure Forum

LOS ANGELES, Oct.  03, 2019  (GLOBE NEWSWIRE) --  Cadiz Inc.  (NASDAQ: CDZI) (“Cadiz”, the “Company”), a natural resources leader dedicated to pursuing sustainable projects, announced that Scott Slater, President & CEO, will present at the 5th Annual B. Riley FBR Annual Consumer & Media Conference today, October 3, 2019, in New York to discuss the Company’s new joint venture So Cal Hemp Co. LLC. Mr. Slater’s presentation is scheduled to begin at 4:00 p.m. Eastern time and will be webcast at the following link,  http://www.wsw.com/webcast/brileyfbr4/cdzi/index.aspx , and via the Company’s website  https://www.cadizinc.com/investor-relations/ .

Cadiz to Present at B. Riley FBR Consumer & Media Conference

New document adopted by lead public agency incorporates additional detail on planned operation, concludes no significant environmental impacts associated with operations New document adopted by lead public agency incorporates additional detail on planned operation, concludes no significant environmental impacts associated with operations

News for Cadiz Stock (CDZI)