Cadiz Inc. Fourth Quarter 2020 Shareholder Newsletter and 2021 Outlook
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 Water Project recognized as a Top 10 Infrastructure Project.
- Project aims to provide new water supply for approximately 400,000 people.
- Increases groundwater storage capacity by up to 1 million acre-feet.
- Forward-looking statements indicate potential risks regarding financing and permits.
- Uncertainties about the company's ability to maximize land and water resource value.
LOS ANGELES, Dec. 31, 2020 /PRNewswire/ -- Today, Cadiz Inc. (NASDAQ: CDZI) ("Cadiz", the "Company") posted to its website a new issue of CDZI Magazine, the Company's quarterly newsletter. The latest edition includes a summary of company news and events from the fourth quarter of 2020, commentary from Cadiz CEO Scott Slater, and content and images highlighting current progress for our agriculture and water projects as well as the outlook for 2021.
The current magazine and previous issues are available on our website at: https://www.cadizinc.com/investor-relations/
Founded in 1983, Cadiz Inc. (NASDAQ: CDZI) is a California business dedicated to sustainable water and agricultural projects. We own 70 square miles of property with significant water resources in Southern California and are the largest agricultural operation in San Bernardino, California, where we have sustainably farmed since the 1980s. We are also partnering with public water agencies to implement the Cadiz Water Project, which was named a Top 10 Infrastructure Project that over two phases will create a new water supply for approximately 400,000 people and make available up to 1 million acre-feet of new groundwater storage capacity for the region. Guided by a holistic land management plan, we are dedicated to pursuing sustainable projects and practicing responsible stewardship of our land, water and agricultural resources. For more information, please visit www.cadizinc.com.
FORWARD LOOKING STATEMENT: This release contains forward-looking statements that are subject to significant risks and uncertainties, including statements related to the future operating and financial performance of the Company and the financing activities of the Company. Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company's forward-looking statements include the Company's ability to maximize value for Cadiz land and water resources, the Company's ability to obtain new financing as needed, the receipt of additional permits for the water project and other factors and considerations detailed in the Company's Securities and Exchange Commission filings.
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SOURCE Cadiz Inc.
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