Press Release: Cadiz Inc. Announces Agreement with Senior Lender for $10 Million in New Working Capital
(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 […]
Press Release: Third Lawsuit Challenging Cadiz Water Project Dismissed
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 […]
Press Release: Cadiz Inc. Announces Agreement to Operate Steam Powered Excusion Train on the Arizona & California Railroad
Cadiz Southeastern Railway to operate one of the longest steam train routes in the U.S. as tourist attraction in California’s Mojave Desert CADIZ, CA – Today Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is pleased to announce that it has entered into a new trackage rights agreement (“Agreement”) with the Arizona & California Railroad Company (“ARZC”) […]
Press Release: Cadiz Project To Provide $8 Million In Annual Savings To Southern California Water Users
New report shows that purity of Cadiz water to save Southern California water users $395 million over life of the Cadiz Water Project LOS ANGELES, CA – Today Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) released a new report prepared by engineering consulting firm CH2M HILL detailing almost $8 million in annual cost savings to Southern […]
Press Release: Cadiz Inc. And Limoneira Company Announce New Agriculture Development Agreement
July 2, 2013 Contact – Cadiz Inc, Courtney Degener/Limoneira Company, John Mills http://www.businesswire.com/news/home/20130702005249/en/Cadiz-Limoneira-Company-Announce-Agricultural-Development-Agreement Los Angeles, CA — Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”) and Limoneira Company (NASDAQ: LMNR) (“Limoneira”) are pleased to announce today that they have entered into a long-term lease agreement (the “Agreement”) to develop new lemon orchards on Cadiz’s agricultural property in eastern […]
Press Release: Cadiz Inc. Reports Dismissal of Lawsuit Challenging Water Project Environmental Approval
May 28, 2013 http://www.businesswire.com/news/home/20130528006064/en LOS ANGELES, CA – Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) reported today that a lawsuit challenging the environmental approval of the Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”) has been dismissed with prejudice in Orange County, California Superior Court.
Press Release : Cadiz Inc. Appoints New Member to Board of Directors
April 15, 2013 LOS ANGELES, CA – Cadiz Inc. [NASDAQ: CDZI] (“Cadiz”, “the Company”) announced today the appointment of Mr. Bryant Riley to its Board of Directors. Mr. Riley joins the Company’s Board with significant corporate management expertise and over 20 years of experience in the investment banking industry.
Press Release: Cadiz Inc. Announces Comprehensive Refinancing Package
CADIZ INC. ANNOUNCES COMPREHENSIVE REFINANCING PACKAGE New Financial Structure Positions Balance Sheet for Water Project Construction Financing and Provides $17.5 Million in Working Capital to Fund Operations March 5, 2013 Los Angeles, CA — Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, “the Company”) is pleased to announce that it has entered into an agreement with its senior […]
Press Release: Cadiz Names Scott Slater Chief Executive Officer
Los Angeles CA — Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, “the Company”) announced today that it has appointed Company President Scott Slater to the additional role of Chief Executive Officer effective February 1, 2013. Keith Brackpool, a co-founder of the Company who has served as CEO since 1991, will remain as Chairman of the Board of […]
Press Release: Cadiz Announces Agreement with Kinder Morgan, Gains Ownership of Pipeline Connecting Project to Additional California Water Markets.
In exchange trade with Kinder Morgan Cadiz to receive key 96-mile pipeline route for nominal fee; Cadiz also to receive $10 million payment upon Kinder regulatory filing Transaction results in significant financial gain for Company Los Angeles CA (December 11, 2012) — Today Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, “the Company”) announced it has entered into […]