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 leading water solutions provider developing sustainable water infrastructure projects in California. This page aggregates official company announcements, financial disclosures, and operational updates related to its groundwater banking initiatives, pipeline developments, and water treatment technologies.
Investors and stakeholders will find timely updates on key activities including aquifer management progress, partnership agreements with municipal water districts, and advancements through its ATEC Water Systems subsidiary. All content is sourced directly from company filings and verified press releases.
Regular updates cover essential developments such as water conservation project milestones, infrastructure expansion announcements, and regulatory compliance achievements. The archive serves as a historical record of Cadiz's progress in creating climate-resarve water solutions while maintaining environmental stewardship commitments.
Bookmark this page for direct access to Cadiz's evolving strategy in sustainable water resource management. Check back frequently for new developments regarding the Cadiz Valley Water Project and other initiatives addressing California's water security challenges.
Cadiz and the Farmworkers Institute of Education & Leadership Development (FIELD) announced a collaboration to create a technology innovation center focused on workforce development and sustainable water management. Located on Cadiz Ranch in California, the center aims to train underserved communities in critical areas like groundwater management and agriculture. This initiative, part of FIELD's Career Technical Education program, will support hands-on training for 30-60 students annually. It also emphasizes social enterprises and aims to address California's growing water scarcity issues.
Cadiz Inc. (NASDAQ: CDZI) announced on September 13, 2022, that the U.S. District Court affirmed a ruling related to its water pipeline project. The court's decision allows the U.S. Department of the Interior to review environmental aspects of the permits necessary for converting a natural gas pipeline to transport water. The company reassured stakeholders that this ruling will not delay the ongoing Cadiz Water Conservation and Storage Project, which is set to enhance water supply for 400,000 Californians. Construction of three new groundwater wells is planned to begin in October 2022.
Cadiz Inc. (NASDAQ: CDZI/CDZIP) announced a public-private partnership to provide 5,000 acre-feet of water annually for 50 years to the Salton Sea Authority and the Torres Martinez Tribe. This initiative includes financing of up to $5 million for water infrastructure improvements on tribal lands. The agreement aims to mitigate water scarcity in California through the Cadiz Water Conservation and Storage Project, adapting existing oil pipelines for water conveyance to benefit disadvantaged communities.
Cadiz Inc. (NASDAQ: CDZI/CDZIP) has declared a cash dividend of $560.00 per share for its 8.875% Series A Cumulative Perpetual Preferred Stock, payable on July 15, 2022, to holders of record as of July 1, 2022. Additionally, depositary shares representing a 1/1000 fractional interest in a share will receive approximately $0.56 per share. This dividend reflects Cadiz's commitment to returning value to its shareholders while focusing on sustainable water and agricultural solutions in California.
Cadiz Inc. (NASDAQ: CDZI/CDZIP) will participate in the B. Riley Securities 22nd Annual Institutional Conference on May 25-26, 2022, in Beverly Hills, California. CEO Scott Slater and Executive Chair Susan Kennedy will deliver a corporate overview during a fireside chat on May 26 at 8:10 A.M. PT, and will meet with investors throughout the conference. The B. Riley event is a key platform for over 200 companies and 1,000 attendees to engage in investment discussions. A presentation will be available post-conference on Cadiz's website.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) declared a cash dividend of $550.00 per share for its 8.875% Series A Cumulative Perpetual Preferred Stock, with $0.55 per depositary share. The dividend is payable on April 15, 2022, to shareholders of record as of April 4, 2022. Established in 1983, Cadiz focuses on sustainable water and agricultural projects, owning 70 square miles in Southern California and partnering with public water agencies to create a water supply for 400,000 people.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) announced a registered direct offering of 6.86 million shares at $1.75 each, aiming to raise $12 million. The offering is led by Heerema International Group Services SA, which is investing $5 million and will gain a board observer position. Proceeds will fund working capital and support water supply projects in California. Other participants include Cadiz founder Keith Brackpool and B. Riley Securities. The offering is expected to close on March 23, 2022, without underwriting fees.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) announced the appointment of Susan Kennedy as executive Chair, succeeding founder Keith Brackpool. Kennedy, with over 30 years of experience in California politics, expressed enthusiasm for leading the company during a critical time for climate action. The company is repurposing a 220-mile pipeline for water transport, addressing California's water supply challenges amidst increasing drought conditions. This project aims to improve water security and has significant implications for sustainable resource management in the region.
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