New Independent Review of Cadiz Water Project Commissioned by Local Public Agencies
Panel report confirms Project’s Court-Approved Management Plan Promises Robust Protection of Mojave Desert Resources March 13, 2019 – (Los Angeles, CA) – Today, Cadiz Inc. announced the availability of a new technical report released by Southern California public water agencies Three Valleys Municipal Water District and Jurupa Community Services District (the “Districts”) that was jointly […]
CALIFORNIA SENATE BILL 120 DEFEATED
Bill aiming to block the Cadiz Water Project held in committee and will not become law LOS ANGELES, CA –Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”), announced today that on Friday, August 31, 2018, California Senate Bill 120 (Roth, D-Riverside) (“SB 120”) was held in the Senate’s Appropriations Committee by a vote of 7-0 just prior […]
California Senate Bill 120 Amended to Provide Vehicle for AB 1000
On August 25, 2018, California Senate Bill 120 was amended to eliminate all previous contents, or “gutted”, so that it could serve as a vehicle for the language of Assembly Bill 1000 (Friedman, D-Glendale), the 2017 bill that was designed principally to block the advancement of the Cadiz Water Project. As we reported last year, […]
California Senate Bill 120 Amended to Provide Vehicle for AB 1000
On August 25, 2018, California Senate Bill 120 was amended to eliminate all previous contents, or “gutted”, so that it could serve as a vehicle for the language of Assembly Bill 1000 (Friedman, D-Glendale), the 2017 bill that was designed principally to block the advancement of the Cadiz Water Project. As we reported last year, […]
Press Release: Cadiz statement on irresponsible release by Senator Feinstein regarding Cadiz water quality
(9-23-17) Yesterday, Senator Feinstein issued a press release regarding a risk she claims is presented by conserved water that will be delivered from the Cadiz Water Project to Southern California communities. We are stunned and disappointed by the allegations made by Senator Feinstein, which reflect a lack of understanding of the Project and disregard for […]
Press Release: Cadiz Inc. Provides Further Update on California Assembly Bill 1000 Following Close of 2017 Legislative Session
(9-18-17) Despite running an aggressive negative campaign, with the adjournment of the California Legislature on September 16, 2017, opponents of the Cadiz Valley Water Conservation, Recovery and Storage Project failed to secure passage this year of Assembly Bill (AB) 1000, a bill introduced in July 2017 with the intention of blocking the advancement of the […]
Press Release: Company Further Updates Legislative Status and Process for California Assembly Bill 1000
California Assembly Bill (AB) 1000 is a “gut and amend” bill introduced outside of the normal legislative process that would create a secondary, undefined environmental review for water conveyance projects in the Mojave Desert, including the Cadiz Water Project. Ironically, in the name of environmental protection, AB 1000’s proponents are urging the Legislature to undermine […]
Cadiz Inc. Announces Strategic Transaction with Apollo to Finance Cadiz Water Project Construction
Funds affiliated with Apollo will provide $60M of capital to repay Cadiz Senior Secured Mortgage Debt of $45M and to provide $15M in construction capital, and will also provide a conditional commitment for up to an additional $240M in construction financing May 2, 2017 (LOS ANGELES, CA) –Today, Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is […]
Press Release: Cadiz Inc. Closes Public Offering of Common Stock and Sr. Debt Refinancing
Transactions Raise over $10 Million in Working Capital and Extend Maturity of Sr. Debt December 6, 2016 (LOS ANGELES, CA GlobeNewswire) – Cadiz Inc. (NASDAQ: CDZI) (“Cadiz” or the “Company”) is pleased to report that it has closed a public offering and debt refinancing in two separate transactions that will enable the Company to fully execute its […]
CADIZ WATER PROJECT RECEIVES SUPPORT OF THE CALIFORNIA CHAMBER OF COMMERCE
(LOS ANGELES, CA) – Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is pleased to announce that the Cadiz Water Conservation, Recovery & Storage Project (“Cadiz Water Project”), a public-private partnership with local water providers to deliver a new, reliable water supply across Southern California, has earned the support of the California Chamber of Commerce (“CalChamber”), the […]