Press Release: Cadiz Inc. Provides Further Update on California Assembly Bill 1000 Following Close of 2017 Legislative Session
(9-18-17) Despite running an aggressive negative campaign, with the adjournment of the California Legislature on September 16, 2017, opponents of the Cadiz Valley Water Conservation, Recovery and Storage Project failed to secure passage this year of Assembly Bill (AB) 1000, a bill introduced in July 2017 with the intention of blocking the advancement of the […]
Press Release: Company Further Updates Legislative Status and Process for California Assembly Bill 1000
California Assembly Bill (AB) 1000 is a “gut and amend” bill introduced outside of the normal legislative process that would create a secondary, undefined environmental review for water conveyance projects in the Mojave Desert, including the Cadiz Water Project. Ironically, in the name of environmental protection, AB 1000’s proponents are urging the Legislature to undermine […]
Cadiz Inc. Announces Strategic Transaction with Apollo to Finance Cadiz Water Project Construction
Funds affiliated with Apollo will provide $60M of capital to repay Cadiz Senior Secured Mortgage Debt of $45M and to provide $15M in construction capital, and will also provide a conditional commitment for up to an additional $240M in construction financing May 2, 2017 (LOS ANGELES, CA) –Today, Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is […]
Press Release: Cadiz Inc. Closes Public Offering of Common Stock and Sr. Debt Refinancing
Transactions Raise over $10 Million in Working Capital and Extend Maturity of Sr. Debt December 6, 2016 (LOS ANGELES, CA GlobeNewswire) – Cadiz Inc. (NASDAQ: CDZI) (“Cadiz” or the “Company”) is pleased to report that it has closed a public offering and debt refinancing in two separate transactions that will enable the Company to fully execute its […]
CADIZ WATER PROJECT RECEIVES SUPPORT OF THE CALIFORNIA CHAMBER OF COMMERCE
(LOS ANGELES, CA) – Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is pleased to announce that the Cadiz Water Conservation, Recovery & Storage Project (“Cadiz Water Project”), a public-private partnership with local water providers to deliver a new, reliable water supply across Southern California, has earned the support of the California Chamber of Commerce (“CalChamber”), the […]
Press release: Cadiz Inc. Issues Statement on Apparent Bias in Bureau of Land Management’s Review of the Cadiz Water Project
(LOS ANGELES, CA) – Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) reported today that the Wall Street Journal published an editorial on the content of email exchanges, previously disclosed by the Company on August 8, 2016, between the U.S. Bureau of Land Management (“BLM”) and third parties regarding BLM’s review of the Cadiz Water Project. The Company received the emails […]
Press Release: Sweeping Legal Victories for Cadiz Water Project Stand
NO REVIEW FORTHCOMING FROM CALIFORNIA STATE SUPREME COURT PROJECT FULLY CERTIFIED IN ACCORDANCE WITH CALIFORNIA ENVIRONMENTAL QUALITY ACT LOS ANGELES, CA – Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is pleased to announce that the available time period for further review of administrative decisions and judicial opinions validating the Cadiz Valley Water Conservation, Recovery & Storage […]
Press Release: Cadiz Inc. Announces $10 Million Convertible Note Financing
April 26, 2016 (Los Angeles, CA) (via GlobeNewswire) – Cadiz Inc. (the “Company”, NASDAQ: CDZI) announced today that it has entered into convertible note purchase agreements with new and existing investors (“Investors”) in a private placement offering pursuant to which the Company will issue $10 million in aggregate principal and accrued interest of its March 2020 convertible […]
Press Release: Cadiz Inc. Updates Water Project Development
New Letter Available from BLM Director to CA Congressional Reps about Cadiz Water Project Court of Appeals Schedules Oral Argument on Environmental Approval Cases Los Angeles, CA) (via GlobeNewswire) – Cadiz Inc. (the “Company”, NASDAQ: CDZI) today announced a status report on pending legal and administrative determinations for the Cadiz Water Project, a public-private partnership […]
Press Release : Cadiz Completes Arrangements for Expanded Agricultural Development at its Mojave Desert Property
Investments by New Agricultural Partners Will Advance Water Supply Infrastructure Development for Irrigated Acreage and Cadiz Water Project Initial $12 Million Payment Enables Extension and Reduction of Company’s Mortgage Debt (Los Angeles, CA) (via GlobeNewswire) – Cadiz Inc. (the “Company”, NASDAQ: CDZI) announced today that it has completed arrangements with agricultural partner Fenner Valley Farms, […]