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Cadiz Inc. - CDZI STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cadiz's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cadiz's position in the market.

Rhea-AI Summary
Cadiz, Inc. (NASDAQ: CDZI/CDZIP) declares a cash dividend on its 8.875% Series A Cumulative Perpetual Preferred Stock. Holders will receive $550.00 per whole share or approximately $0.55 per depositary share. The dividend payout is scheduled for April 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
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dividends earnings
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Rhea-AI Summary
Cadiz, Inc. secures a $57 million credit agreement, with $20 million allocated for water supply project development in Southern California. The financing strengthens the company's financial position, extends debt maturities, and receives strong support from shareholders and lenders, notably Heerema International Group Services SA.
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End-of-Day
3.57%
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Rhea-AI Summary
Cadiz, Inc. appoints Barbara Lloyd, a seasoned professional in project finance and infrastructure financing, to its Board of Directors. Lloyd's extensive experience in public-private partnerships and innovative financing strategies will be instrumental as Cadiz ventures into water infrastructure projects.
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End-of-Day
1.03%
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management
Rhea-AI Summary
Cadiz, Inc. announces a new financing agreement with Heerema International Group Services BV to acquire a $21.2 million Senior Secured Loan and provide an additional $20 million for capital investments. The agreement extends the Maturity Date of the combined loan to 6/30/2027, with no debt due prior to 2027. Heerema's support aligns with Cadiz's strategic objectives, focusing on clean water infrastructure solutions.
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End-of-Day
3.08%
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Rhea-AI Summary
Cadiz, Inc. announced that the City of Adelanto, California has signed a Letter of Intent with Fenner Gap Mutual Water Company to join Victor Valley water agencies in developing an integrated water management and infrastructure investment plan for the Mojave Basin region. This collaboration aims to improve the reliability and quality of local water supplies through the Cadiz Water Conservation, Supply, and Storage Project. The project will provide 25,000 acre-feet of water to the City of Adelanto, with the goal of creating a sustainable, reliable water supply strategy for the Mojave Basin. The 'One Water' regional planning process will allow pooling of resources to manage water supplies and efficiently invest in water infrastructure that benefits the whole region.
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End-of-Day
0.74%
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Rhea-AI Summary
Cadiz, Inc. announced a partnership between Fenner Gap Mutual Water Company and Victor Valley Wastewater Reclamation Authority to develop a coordinated investment strategy for water infrastructure in San Bernardino County's Mojave Basin region. The 'one water' plan aims to integrate public, private, and multi-agency financing resources to improve water quality and increase reliability of local water supplies. The plan includes recycled water from VVWRA's wastewater treatment plants and water supplies from Cadiz to create a regional water management strategy. The collaboration also involves other local agencies to expand pipeline and distribution facilities, advanced water treatment, and collaborative recharge basins to capture storm water and manage imported water supplies.
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Rhea-AI Summary
Cadiz, Inc. (NASDAQ: CDZI, NASDAQ: CDZIP) declares a cash dividend of $560.00 per whole share for its 8.875% Series A Cumulative Perpetual Preferred Stock and approximately $0.56 per depositary share, to be paid on January 15, 2024, to respective holders of record as of January 4, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
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dividends earnings
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Rhea-AI Summary
Cadiz, Inc. (NASDAQ: CDZI/CDZIP) has received approval from the U.S. Bureau of Land Management for the assignment of a Mineral Leasing Act right-of-way grant, allowing the company to advance project development for its Northern Pipeline, a crucial component for clean water and clean energy projects. The acquisition of the 220-mile pipeline from El Paso Natural Gas is a significant milestone for Cadiz, enabling the repurposing of existing fossil fuel infrastructure to support climate adaptation initiatives.
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Rhea-AI Summary
Cadiz, Inc. (NASDAQ: CDZI) receives approval from the U.S. Bureau of Land Management for the assignment of a Mineral Leasing Act right-of-way grant for the Northern Pipeline, allowing the company to advance clean water and clean energy projects. The acquisition of the 220-mile pipeline from El Paso Natural Gas is a significant milestone for Cadiz's development.
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Rhea-AI Summary
Cadiz, Inc. (NASDAQ: CDZI/CDZIP) announces Susan Kennedy's appointment as CEO, with Scott Slater continuing as Senior Advisor. The company plans to create two new executive positions for project development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.22%
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Cadiz Inc.

Nasdaq:CDZI

CDZI Rankings

CDZI Stock Data

156.10M
36.02M
39.87%
38.3%
6.23%
Water Supply and Irrigation Systems
Utilities
Link
US
Los Angeles

About CDZI

founded in 1983, cadiz inc. is a renewable resource company that owns over 70 square miles of land with significant water resources in southern california. the company's properties, which are located at three sites in california's eastern mojave desert, offer abundant and renewable sources of clean water, an ideal environment for organic farming, and excellent land conservation opportunities. the company maintains an organic agricultural operation at its primary property in the cadiz valley and manages the largest desert tortoise land conservation bank in california. the company is also pursuing the cadiz valley water conservation, recovery and storage project, known as the cadiz water project, which will capture and conserve billions of gallons of renewable groundwater that is presently lost to evaporation and provide a new, sustainable water supply. through the active and safe management of the groundwater aquifer system at the site, the cadiz water project will reduce an ongoing los