Press Release: Cadiz Inc. Announces Agreement with Senior Lender for $10 Million in New Working Capital
(October 31, 2013) Los Angeles, CA — Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, “the Company”) is pleased to announce today that it has entered into an agreement (“Credit Agreement”) with its new majority senior lender, MSD Credit Opportunity Master Fund, L.P. (“MSD Credit”), to increase the Company’s existing $30 million senior secured mortgage loan by $10 million to […]
Press Release: Third Lawsuit Challenging Cadiz Water Project Dismissed
Dismissal by Laborers International Union Follows Completion of New Independent Hydrology Report (Los Angeles, CA) — Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) reported today that a lawsuit filed in 2012 challenging the environmental approvals of the Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”) has been dismissed with prejudice in Orange County, California Superior […]
News: New Report Demonstrates Cadiz Project Would Contribute $648 million in New Benefits to Southern California Through Intentionally Created Surplus Program
October 2, 2013 – Today the Company made available a new report by GHA Water Inc. finding that the Cadiz Valley Water Conservation, Recovery and Storage Project (Cadiz Project) offers $648 million in additional benefits to the Southern California water system, if the Project qualifies as Intentionally Created Surplus (ICS) under Colorado River supply management […]
Op-Ed: Buried Treasure in the Mojave – Water
http://www.flashreport.org/blog/2013/09/30/buried-treasure-in-the-mojave-water/ Flashreport.org, guest post by Laer Pearce Sep 30, 2013 One would think that if a huge underground lake existed less than 100 miles from Southern California water users who live continually on the edge of a water supply crisis, there would be a rush to get that water into Southern California’s water system. One […]