News: Cadiz Inc. and Lucid Energy Inc. Enter Joint Venture to Provide Hydropower to Arizona & California Railroad
The ARZC operates a shortline railroad that originates in Cadiz, California and runs to Matthie, Arizona near Phoenix. Due to the remote nature of sections of the ARZC route, the railroad desires cost-effective and routine access to power for its operations, including potential transloading at a siding location in Rice, California. Access to electric power […]
News: Cadiz Water Project Earns Support of California Congresswoman
Los Angeles, CA – Cadiz Inc. (NASDAQ: CDZI), a California land and water resources development company, is pleased to announce that it has posted a new letter from United States Representative Mimi Walters (R-Irvine) in support of the Cadiz Valley Water Conservation, Recovery & Storage Project (“Cadiz Water Project”) to its website at http://missionaguacadiz.com/projectsupport/ . Congresswoman Walters’ […]
News: Cadiz to Vigorously Defend Against Baseless Securities Litigation
CONTINUING TO PROGRESS ENVIRONMENTALLY BENIGN WATER PROJECT IMPLEMENTATION (05.07.15) — On April 24, 2015, a putative class action lawsuit, entitled Van Wingerden v. Cadiz Inc., et al., No. 2:15-cv-03080-JAK-JEM, was filed against the Company and certain of its directors and officers in the United States District Court for the Central District of California. The complaint, […]
News: Cadiz Updates Water Project Status and Next Steps
(4.22.15) – Cadiz Inc. (“Cadiz”, the “Company”) owns significant land and water assets in eastern San Bernardino County, California in proximity to the region’s major transportation infrastructure, including the Colorado River Aqueduct, State Water Project, interstate highways, and transcontinental railroads. The Company has maintained an active agricultural operation at its primary property in the Cadiz […]
News: Cadiz Issues Statement Regarding Short Seller Allegations
Today the Company has been made aware of the publication of numerous allegations written by a self-disclosed short seller that has been linked to instability in today’s trading. These false allegations about the Company’s assets and the viability of our Cadiz Valley Water Conservation Recovery & Storage Project are factually inaccurate, potentially defamatory and intentionally […]
News: Cadiz CEO Scott Slater Makes Statement on MWD Rationing Decision
04.14.15 – Today, the Board of the Metropolitan Water District of Southern California (MWD), the region’s largest water provider, voted to ration deliveries to its 26 member agencies beginning July 1, 2015. The approved water supply allocation plan will cutback deliveries to over 19 million residents in the MWD service area by an average of […]
News: Limoneira Company and Cadiz Inc. Expand Agricultural Development Agreement
02.06.15 — SANTA PAULA, Calif.–(BUSINESS WIRE)– Limoneira Company (“Limoneira”) (LMNR) and Cadiz Inc. (CDZI) (“Cadiz”) announced today that they have expanded their existing agricultural development agreement to include an additional 200 acres. Limoneira has acquired a total of 200 acres of lemon trees and associated irrigation lines from Cadiz and one of its leasing tenants […]
News: San Luis Water District Executes Contract to Purchase Water from Cadiz Project
On December 19, 2014, Cadiz Inc. and the San Luis Water District (“San Luis”), a predominantly retail agricultural water agency in California’s Central Valley, executed a definitive Purchase and Sale Agreement (“PSA”) securing an annual supply of 10,000 acre-feet of water from the Cadiz Valley Water Conservation, Recovery and Storage Project (the “Project”) for San […]
News: Statement Regarding Notices of Appeal filed by Center for Biological Diversity, National Parks Conservation Association in Cadiz Project CEQA Cases
12.01.14 – Last week, the Center for Biological Diversity (CBD) and National Parks Conservation Association (NPCA) filed independent appeals of two of the six recent Orange County Superior Court Judgments upholding the governmental approvals and environmental review of the Cadiz Valley Water Conservation, Recovery & Storage Project (Cadiz Project or Project) under the California Environmental […]
News: Santa Margarita Water District Approves Joint Powers Agreement with Cadiz and Fenner Valley Mutual Water Company Creating the Fenner Valley Water Authority
JPA approval is another crucial step forward in Project implementation timeline November 18, 2014 – The Board of Directors of the Santa Margarita Water District (“SMWD”) voted on Friday, November 14, 2014 to approve a Joint Powers Agreement (“JPA”) with Cadiz Inc. and the Fenner Valley Mutual Water Company establishing the Fenner Valley Water Authority […]