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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

News

Cadiz, Inc. and Heerema IGS Announce Financing Agreement to Drive Growth

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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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City of Adelanto to Join Mojave Basin "One Water" Plan

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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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Fenner Gap and Victor Valley Water Agencies Launch "One Water" Plan

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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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Cadiz Inc. Declares Quarterly Dividend for Q4 2023 on Series A Cumulative Perpetual Preferred Stock

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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.
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BLM Approves MLA Right-of-Way Grant to Cadiz for Northern Pipeline

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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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/C O R R E C T I O N -- Cadiz, Inc./

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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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Cadiz to Expand Executive Team in 2024

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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.
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Cadiz Marks One Year Anniversary of ATEC Acquisition

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Cadiz, Inc. (NASDAQ: CDZI/CDZIP) celebrates ATEC Water Systems' success and anticipates revenues surpassing $12 million in FY 2024. ATEC's specialized water filtration solutions for contaminated groundwater have secured contracts, including a significant one with Central Utah Water Conservancy District, and are expected to generate substantial revenues. The company's cost-effective, high-rate filtration media effectively remove iron, manganese, arsenic, and chromium-6, addressing urgent clean water needs in affected communities. ATEC's potential for positive operating income of $3-4 million in FY 2024 demonstrates its promising future.
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Cadiz Signs Agreement with San Bernardino County and Water Project Agencies to Reserve Water Supply for Desert Communities

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Cadiz, Inc. has entered into a binding agreement with San Bernardino County, Santa Margarita Water District, and Fenner Gap Mutual Water Company to provide priority rights to water supply from the Cadiz Water Conservation and Storage Project. The agreement requires Cadiz to offer binding agreements for water supply to public water systems in San Bernardino County before exporting water outside the county. It also dedicates 25,000 acre-feet of water supply to disadvantaged communities in the Mojave River region or any other community in need. Five public water systems in San Bernardino County have expressed intent to receive water supply from the Cadiz Project.
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Cadiz Signs Agreement with El Paso Natural Gas for Long-Term Power Supply

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Cadiz, Inc. has entered into a long-term contract with El Paso Natural Gas Company to install a tap on their natural gas pipeline. This will allow Cadiz to replace diesel engines with natural gas engines, improving reliability and cutting carbon emissions. The tap is expected to deliver new gas power to Cadiz by Q4 2024.
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FAQ

What is the current stock price of CADIZ (CDZI)?

The current stock price of CADIZ (CDZI) is $4.17 as of December 20, 2024.

What is the market cap of CADIZ (CDZI)?

The market cap of CADIZ (CDZI) is approximately 306.8M.

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.

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CADIZ, Inc.

Nasdaq:CDZI

CDZI Rankings

#3509 Ranked by Market Cap
N/A Ranked by Dividends

CDZI Stock Data

306.75M
47.52M
36.8%
42.85%
6.61%
Utilities - Regulated Water
Water Supply
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