News - Page 23 of 30 - Cadiz, Inc.
Founded in 1983, Cadiz Inc. is a natural resources company headquartered in Los Angeles with more than 70 square miles of land that’s home to significant water assets and rights in Southern California. We are dedicated to pursuing sustainable projects through the responsible stewardship of our land and water resources.
Cadiz, Water, Agriculture, Sustainable Farming, Cadiz Water Project, Water Resources, Southern California, NASA funded research project, Desert Tortoise Conservation Bank
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Water recovery project could ease drought. ORANGE COUNTY REGISTER March 10, 2014 Despite the recent heavy rain, California’s water situation remains dire. Data from the U.S. Drought Monitor, a partnership between the National Drought Mitigation Center at the University of Nebraska-Lincoln, the U.S. Department of Agriculture, and the...

Major water supply benefits realized by all Southern California water users not only project subscribers January 29, 2014 - Today, Cadiz Inc. made available a new report prepared by Southern California economic consulting firm Stratecon Inc. that describes up to $6.1 Billion in benefits that can be realized by Southern California...

(October 31, 2013) Los Angeles, CA -- Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, “the Company”) is pleased to announce today that it has entered into an agreement (“Credit Agreement”) with its new majority senior lender, MSD Credit Opportunity Master Fund, L.P. (“MSD Credit”), to increase the Company’s existing $30 million senior secured mortgage loan by $10 million to fund additional working capital.  MSD Credit previously acquired the majority interest of the $30 million portion of the debt in a private transaction.  The new $10 million, together with our existing cash resources, places the Company in a strong position to complete the defense of existing permits for the Cadiz Valley Water Conservation, Recovery and Storage Project (the “Water Project”) and move toward project construction.

Dismissal by Laborers International Union Follows Completion of New Independent Hydrology Report (Los Angeles, CA) -- Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) reported today that a lawsuit filed in 2012 challenging the environmental approvals of the Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”)  has been dismissed with prejudice in Orange County, California Superior Court.  The lawsuit, filed against the Company, the Santa Margarita Water District (“SMWD”) and the County of San Bernardino (“County”), is the third case challenging Project approval to be dismissed. Only two challengers now remain. This latest dismissal follows the completion of a new independent peer review of the Project’s hydrology, which responds to previous hydrologic criticisms of the Project and confirms that the Project can safely deliver a reliable water supply to Southern California.

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