Cadiz Declares Quarterly Dividend on Series A Cumulative Perpetual Preferred Stock
LOS ANGELES, Sept. 27, 2021 /PRNewswire/ — Cadiz Inc. (Nasdaq: CDZI/CDZIP) (“Cadiz” or the “Company”) today announced 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 $630.00 per whole share. Holders of […]
Systemic Water Shortage in California Intensifies
Posted: September 15, 2021 On the heels of one of the driest years in recorded history California will begin a new “water year” on October 1st.[1] An inventory of existing water assets does not build confidence that we are prepared for yet another dry year. Photos prominently placed in print media are circulating the internet […]
Cadiz Inc. Issues Statement on Recent Stock Volatility
LOS ANGELES, September 21, 2021—Today, Cadiz Inc. (“the Company,” NASDAQ: CDZI) released the following statement to address recent volatility in the trading of the Company’s stock. The Company reports that there have been no new material developments nor pending announcements concerning its business operations contributing to market activity. The Company issued its second quarter results on […]
Cadiz Completes $107.5M Refinancing Package
New Credit Facility and Preferred Stock Replace Existing Debt and Provide Working Capital for ongoing Asset Development. 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 […]
Cadiz Completes Acquisition of 220-Mile Pipeline Asset
Company finalizes transaction with El Paso Natural Gas to acquire existing pipeline segment. Pipeline positioned to convey water between California communities and diversify state’s water infrastructure. (LOS ANGELES, July 1, 2021) — Cadiz Inc. (“the Company,” NASDAQ: CDZI) is pleased to announce today that it completed the acquisition of an existing 220-mile pipeline, the […]
Cadiz Inc. Prices $50 Million Offering of Depositary Shares
(LOS ANGELES, June 29, 2020) — 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. […]
Cadiz Inc. Announces Offering of Depositary Shares and Series A Cumulative Perpetual Preferred Stock
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, […]
SoCal Hemp Renews Partnership with Victor Valley College to Support Hemp Research at Cadiz Ranch
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), […]
Cadiz, Inc. Announces Appointment of Susan P. Kennedy to Its Board of Directors
Kennedy brings more than 30 years of public and private sector experience and background in sustainable resource management, including her former role as Commissioner of the California Public Utilities Commission and Member of the California Bay-Delta Authority (Los Angeles, California) – Cadiz Inc. (“the Company”, NASDAQ:CDZI), a California business dedicated to sustainable water and agricultural […]
Cadiz Inc. Issues Statement on Unusual Trading Activity Related to its Securities
(Los Angeles, California) – 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 […]