Cadiz Stock Price, News & Analysis

Cadiz Inc. (NASDAQ: CDZI) has appointed Susan Kennedy to its Board of Directors, effective immediately. With over 30 years of experience, including roles as Commissioner of the California Public Utilities Commission and founder of renewable energy firm Advanced Microgrid Solutions, Kennedy's expertise will support Cadiz's commitment to sustainable water solutions in California. This leadership change follows the retirement of long-serving Board members Murray Hutchison and Richard Nevins. Kennedy will serve on the Compensation and Corporate Governance Committees as the company strives to expand its agricultural and water projects.

Cadiz Inc. (NASDAQ: CDZI) announced on March 23, 2021, that two lawsuits have been filed against the U.S. Bureau of Land Management’s permit grants for the company’s Cadiz Water Project. The lawsuits, from environmental groups, aim to obstruct the use of an existing 217-mile pipeline for water conveyance in California’s underserved areas. Cadiz asserts its commitment to augment California's water supply amid ongoing droughts, highlighting past legal victories against similar challenges. The company believes these recent lawsuits lack merit and will continue working to repurpose the pipeline for water access.

Cadiz Inc. (NASDAQ: CDZI) emphasizes the urgent need for innovative water solutions in response to California's ongoing drought, affecting over 1 million residents lacking reliable access to clean water. The company highlights its unique position to address the state's water supply needs through the Cadiz Water Project, which aims to create new water resources for 400,000 people annually and store up to 1 million acre-feet of water. Cadiz is acquiring a 220-mile pipeline to enhance California's water conveyance network, aiming to assist rural communities and promote sustainable water management.

Cadiz Inc. (NASDAQ: CDZI) highlights the ongoing water crisis in California amid drought conditions in a recent statement. CEO Scott Slater emphasizes the urgent need for innovative solutions to ensure reliable access to clean water for millions. The Cadiz Water Project aims to supply water for 400,000 residents annually and store up to 1 million acre-feet of water over ten years. Additionally, the company is enhancing the state's water conveyance system through a 220-mile pipeline acquisition, which will facilitate better access for communities currently lacking reliable water supplies.

Cadiz Inc. (NASDAQ: CDZI) released its CDZI Magazine for Q4 2020, featuring insights from CEO Scott Slater and updates on agricultural and water projects. The newsletter outlines the company's progress and outlook for 2021, emphasizing its commitment to sustainability in water resource management in Southern California. The Cadiz Water Project, recognized as a Top 10 Infrastructure Project, aims to supply water to 400,000 people and enhance groundwater storage capacity. The magazine is accessible on Cadiz's investor relations webpage.

Cadiz Inc. (NASDAQ: CDZI) participated in the sixth annual Imagine a Day Without Water, a campaign promoting the importance of water investment and awareness. With over one million Californians lacking reliable access to clean water, the company emphasizes the urgency of addressing systemic water challenges in California. CEO Scott Slater highlighted that improving water infrastructure could create jobs and generate significant economic returns, with every $1 spent yielding $6 in benefits. The campaign unites diverse organizations to advocate for water investment essential for public health and economic stability.

Cadiz Inc. (NASDAQ: CDZI) released a white paper on groundwater storage opportunities in California. The document highlights the limitations of existing water infrastructure, emphasizing the need for groundwater banking due to rising population demands and climate change impacts. The Cadiz Water Project aims to capture and store surplus water, potentially delivering 50,000 acre-feet annually to Southern California. This project offers a cost-effective solution with minimal environmental disruption while protecting valuable aquifer resources.

Cadiz Inc. (NASDAQ: CDZI) announced the appointment of Tim Shaheen as the new Director of Development and Stan Speer as the new Chief Financial Officer. Shaheen's leadership will focus on advancing the Company's agriculture and water infrastructure projects. Over the last year, Cadiz has invested significantly in its land and water assets, including adding new wells with a capacity of 12,500 acre-feet per year. The Company aims to expand agricultural operations and water infrastructure to enhance its offerings.