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Cadiz Inc. - $CDZI STOCK NEWS

Welcome to our dedicated page for Cadiz news (Ticker: $CDZI), a resource for investors and traders seeking the latest updates and insights on Cadiz stock.

CADIZ, Inc. (NASDAQ: CDZI) is a pioneering renewable resource company founded in 1983, dedicated to sustainable water and land management solutions across Southern California. The company boasts ownership of over 70 square miles of land in California's eastern Mojave Desert, rich with water resources and ideal conditions for organic farming and land conservation.

Cadiz operates primarily through two segments: Land and Water Resources, and ATEC Water Systems LLC. At its core, Cadiz focuses on the Cadiz Valley Water Conservation, Recovery, and Storage Project, designed to capture and conserve billions of gallons of renewable groundwater currently lost to evaporation. By actively managing the groundwater aquifer system, this project aims to provide a sustainable water supply to various communities and industries throughout Southern California.

The company’s operations span extensive organic farming activities in the Cadiz Valley and management of California’s largest desert tortoise land conservation bank. In line with its commitment to innovative water solutions, Cadiz acquired ATEC Water Systems in 2022, a leader in groundwater filtration technologies.

Recent notable achievements underline Cadiz’s strategic advancements. In February 2024, the company secured a significant financing agreement with Heerema International Group Services BV to bolster its water supply, pipeline, filtration, and storage assets. This agreement included Heerema acquiring a $21.2 million Senior Secured Loan and providing an additional $20 million for capital investments, extending the company’s financial runway to 2027.

Additionally, Cadiz has been proactive in addressing housing needs through strategic water agreements. In March 2024, the company signed a deal with Solstra Communities California LLC to supply water for the development of sustainable housing for military and working families. This agreement highlights Cadiz’s role in supporting California’s housing objectives by ensuring reliable water access for new developments.

Cadiz's commitment to addressing climate change impacts on water access is evident through its robust infrastructure. The company manages 220 miles of pipeline assets and operates extensive water storage facilities, including a dynamic aquifer system capable of storing millions of acre-feet of water. This infrastructure supports Cadiz’s mission to deliver clean, reliable, and affordable water.

In partnership with various water agencies, Cadiz contributes to regional water security initiatives. For instance, the company’s

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Cadiz (NASDAQ:CDZI), a California water solutions company, will participate in the iAccess Alpha Buyside Best Ideas Summer Conference 2024, held virtually on June 25 and 26. CEO Susan Kennedy will present on June 25 at 10:30 am ET, discussing innovative water solutions and financing structures. The company will also host one-on-one virtual meetings on June 26. The live webcast and replay will be available on Cadiz's investor website. Founded in 1983, Cadiz focuses on providing clean, reliable, and affordable water through a combination of supply, storage, pipeline, and treatment solutions. With substantial land, water supply, and pipeline assets, Cadiz is positioned to address the impacts of climate change on water access.

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Cadiz announced a new LOI to supply 75,000 acre-feet of water to Hesperia, part of the 'One Water' initiative in San Bernardino County's Mojave River Basin. The initiative aims to coordinate water resources and infrastructure among regional agencies. Cadiz, through its non-profit affiliate Fenner Gap Mutual Water Company, will supply water at cost. The Northern Pipeline, running 220 miles through various High Desert communities, will facilitate this. The project aims to reduce reliance on imported water and enhance water sustainability. The One Water initiative was launched by the Victor Valley Wastewater Reclamation Authority in 2024.

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Cadiz, a California-based water solutions company, shared updates from the B. Riley Securities 24th Annual Institutional Investor Conference. CEO Susan Kennedy highlighted key milestones, including firm contracts for water supply worth over $1.2 billion, expected to generate $16 million annually from 2026. The company plans further water supply contracts and aims for $50 million annual cash flow when both Northern and Southern Pipelines are operational. Cadiz also discussed a groundwater storage project with a potential $1.5 billion revenue over 50 years. Estimated capital costs for full operations by 2028 are around $800 million. Funding strategies include partnering with public agencies and potentially forming a Master Partnership (MLP) to move capital costs off balance sheet and reduce debt.

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Cadiz, a California-based water solutions company, announced that its Chairman and CEO, Susan Kennedy, presented at the VerdeXchange 2024 conference on May 13, 2024. The event in Los Angeles featured Kennedy's talk titled 'Water Resiliency at Scale', which addressed climate change impacts on water resources in the Southwest U.S. and the company's innovative solutions in water supply, storage, conveyance, and treatment. VerdeXchange, in its 15th year, brings together industry leaders and policymakers to discuss developments in the green economy. The conference highlighted how regions can leverage $1.1 trillion in U.S. infrastructure funding for climate infrastructure investments. Kennedy's presentation is available on Cadiz's YouTube channel.

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On May 17, 2024, Cadiz announced the availability of its Corporate Overview Investor Call materials on its Investor Relations website. The event, held on May 16, 2024, marked the debut investor presentation by Chairman and CEO, Susan Kennedy, who took over in January 2024. The materials include a webcast replay, an investor presentation, and a full transcript of the call, including a Q&A session. Kennedy introduced Cadiz's diversified water solutions, encompassing water supply, storage, conveyance, and treatment assets. Cadiz, founded in 1983, operates with 45,000 acres of land, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets in California, offering advanced water treatment technology.

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Cadiz's subsidiary ATEC Water Systems has been awarded a $5.2 million contract to supply water treatment filtration systems for the Cascade Groundwater Alliance treatment project in Gresham, Oregon. This marks ATEC's 12th successful bid in the last 12 months, reflecting rapid growth in orders due to tightening water quality standards. The contract is expected to increase ATEC's 2024 revenue forecast to $15 million from $12 million.

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Cadiz, Inc. (NASDAQ: CDZI) announced a Corporate Overview Investor Call to be held on May 16, 2024, hosted by Susan Kennedy, Chairman and CEO, featuring prepared remarks and a Q&A session. The company will also participate in the B. Riley Investor Conference on May 22 - 23, 2024. Cadiz, founded in 1983, provides water solutions in California, focusing on water supply, storage, pipeline, and treatment solutions.

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Cadiz, Inc. engages MZ Group to enhance investor relations program amidst strategic developments, led by Susan Kennedy. Recent Form 4 filing reveals CEO's purchase of CDZI shares, aligning with shareholders. MZ to bolster capital markets strategy as Cadiz focuses on valuable water assets, infrastructure, and technologies to address water access issues.

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ExxonMobil has appointed Maria Jelescu Dreyfus to its Board of Directors, effective May 3, 2024. Ms. Dreyfus is the CEO and founder of Ardinall Investment Management, specializing in sustainable investing and resilient infrastructure. Her extensive financial background and sustainability expertise will enhance the board's skillset and align with ExxonMobil's strategy for shareholder value growth.

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Cadiz, Inc. announces a water supply agreement with Solstra Communities to support the development of 4,000 homes for working families in California. The innovative 'Solomon Hills' project aims to provide housing for military and working families near Vandenberg Space Force Base. This agreement marks Cadiz's first venture into providing water supply for housing development, with 65% of their Northern Pipeline capacity now under contract.
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FAQ

What is Cadiz, Inc.?

Cadiz, Inc. is a renewable resource company focused on providing sustainable water and land management solutions across Southern California.

What is the Cadiz Valley Water Conservation, Recovery, and Storage Project?

The Cadiz Valley Water Project aims to capture and conserve billions of gallons of renewable groundwater currently lost to evaporation, providing a sustainable water supply.

What recent financing agreement did Cadiz secure?

In February 2024, Cadiz secured a financing agreement with Heerema International Group Services BV, which included acquiring a $21.2 million loan and providing an additional $20 million for capital investments.

What is ATEC Water Systems LLC?

ATEC Water Systems LLC, acquired by Cadiz in 2022, is a leading producer of specialized groundwater filtration systems.

What is Cadiz’s role in housing development?

Cadiz signed an agreement with Solstra Communities California LLC to supply water for the development of sustainable housing projects for military and working families.

How does Cadiz support regional water security?

Cadiz participates in initiatives like the 'One Water' project, collaborating with regional water agencies to develop integrated water management strategies.

What are Cadiz’s main business segments?

Cadiz operates in two main segments: Land and Water Resources, and ATEC Water Systems LLC.

How much land does Cadiz own?

Cadiz owns over 70 square miles of land in California’s eastern Mojave Desert.

What projects are included in Cadiz's portfolio?

Cadiz’s projects include water conservation, organic farming, land conservation, and groundwater filtration solutions.

Where can I find more information about Cadiz?

For more information, please visit Cadiz's official website at www.cadizinc.com.

Cadiz Inc.

Nasdaq:CDZI

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208.80M
36.02M
39.87%
38.3%
6.23%
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