Cadiz Inc (CDZI)

Central Arizona Irrigation and Drainage District Secures Up to 10,000 Acre-Feet Per Year of New Water Supply from Mojave Groundwater BankJuly 2, 2026 1:36 PM
PR Newswire (US) CAIDD and Cadiz Inc. execute MOU for new water supplies to support  long-term water reliability in Arizona PHOENIX and CADIZ, Calif., July 2, 2026 /PRNewswire/ -- Central Arizona Irrigation and Drainage District ("CAIDD") and Cadiz, Inc. (NASDAQ: CDZI, CDZIP) today announced execution of a Memorandum of Understanding ("MOU") for the purchase and sale of up to 10,000 acre-feet per year ("AFY") of new water supply from Cadiz's Mojave Groundwater Bank in San Bernardino County, California. The MOU represents the first agreement for water supply from the Mojave Groundwater Bank with an Arizona water district and provides access to a new source of water supply for Arizona at a time when prolonged drought and shortages are expected to reduce deliveries of Colorado River water to farms, communities, businesses, and tribes throughout the Lower Basin. CAIDD is one of central Arizona's largest agricultural water districts, serving approximately 87,600 irrigated acres in Pinal County. Upon completion of off-take and exchange agreements and construction of pipeline facilities, the MOU would enable delivery of up to 10,000 AFY of groundwater supplies from the Mojave Groundwater Bank to CAIDD through an interstate exchange of  Colorado River water.For CAIDD, the agreement provides access to firm supplemental supplies that support the long-term reliability of water deliveries to its agricultural customers. The transaction also advances Cadiz's collaboration with the U.S. Department of Interior Bureau of Reclamation ("Reclamation") under a September 2025 Memorandum of Understanding to evaluate the Mojave Groundwater Bank as a new water supply and storage resource for the Lower Colorado River Basin. As part of that collaboration, Reclamation is expected to evaluate the proposed interstate exchange to identify the legal and operational requirements necessary to implement and account for interstate exchanges under the Law of the River.The proposed CAIDD transaction is consistent with current Reclamation efforts to evaluate interstate exchange mechanisms that could integrate new water supplies developed outside the Colorado River system into Lower Basin water management. Earlier this year, Reclamation entered into an MOU with the San Diego County Water Authority and water agencies in California, Arizona and Nevada to evaluate interstate exchanges involving desalination, recycled water and other augmentation projects. The proposed CAIDD transaction is expected to be reviewed by Reclamation under a similar exchange mechanism, through which non-Colorado River water supplies could be made available to Arizona through an exchange of Colorado River water.Under the proposed terms, CAIDD would secure rights to purchase up to 10,000 AFY of conserved groundwater for an initial 50-year term with renewal opportunities. Initial pricing would include a volumetric charge of $850 per AFY (2025 dollars) plus operations, maintenance, and pro-rated power costs for conveyance to the Colorado River Aqueduct, and a one-time prorated capital charge per acre-foot for dedicated pipeline capacity. The parties intend to work cooperatively with Reclamation and Lower Basin water agencies to establish the necessary interstate exchange agreements and pursue available federal and state resources to reduce infrastructure costs and deliver new water supplies to Arizona at the lowest practical cost.Derek McEachern, General Manager, CAIDD: "Arizona agriculture needs new supplies, not just deeper cuts to existing supplies. The Mojave Groundwater Bank gives CAIDD a path to secure firm, drought-resilient water that can help protect farms, families and the rural economy in Pinal County. We are pleased to work with Cadiz to advance a practical solution at a time when Colorado River shortages continue to challenge agricultural communities across Arizona."Representative Steve Montenegro, LD 29, Speaker, Arizona House of Representatives: "The Mojave Groundwater Bank represents the type of innovative solution that will be essential to enhancing Arizona's long-term water supply. Supporting Arizona's growing high-tech and advanced manufacturing industries, military bases, and agricultural production continues to be a top priority. By creating innovative solutions to finance and construct water augmentation infrastructure projects, Cadiz provides a model for what's possible when we work together to address our most pressing water challenges." Senator Tim Dunn, LD 25, Vice Chair, Senate Natural Resources: "Arizona must look at every opportunity to bring new, non-Colorado River supplies into the regional water portfolio through interstate exchange. Projects like the Mojave Groundwater Bank are exactly the kind of innovative, supply-focused solutions Arizona needs to strengthen long-term water reliability."Senator TJ Shope, LD 16, President Pro Tempore & Chair Senate Natural Resources:  "Arizona's water challenges are real, and securing our future means backing solutions that deliver real results. For Pinal County, developing new sources of water supply means keeping farms productive, protecting jobs and sustaining rural communities. CAIDD's agreement with Cadiz is a practical step toward bringing new water resources to Arizona at a time when we need every tool available."Representative Gail Griffin, LD 19, Chair, House Natural Resources, Water and Energy Committee: "Arizona's water future depends on developing new sources of supply and expanding groundwater recharge to support the communities and industries that drive our economy. CAIDD's agreement with Cadiz to provide Arizona water through interstate transfer and exchange is an example of the type of win-win solutions Arizona needs. We invite locally driven solutions that will help Arizona manage its water resources while continuing to grow."Representative Chris Lopez, LD 16, Vice Chair, House Natural Resources, Water and Energy Committee. "Pinal County agriculture has played an important role in Arizona's history and economy. It has also been one of the hardest hit by reductions in the Colorado River, taking shortages long before many other water users. By entering into this strategic agreement with Cadiz, CAIDD can bring vital water resources to this parched area and restore hope and prosperity for all who call it home."Andy Mejia, Chairperson of the Lytton Rancheria of California, a federally recognized Native American Tribe: Lytton Rancheria has made a long-term commitment to supporting practical, durable solutions to some of the most pressing resource challenges facing California and the Southwest. As a Tribal government, we take a long-term view of the resources that sustain our communities. That includes supporting projects that strengthen water security, improve resilience in the face of drought, and bolster the stability of regions that are deeply connected to California's broader water system.Susan Kennedy, Chair and CEO, Cadiz, Inc.: "The future of the Colorado River Basin depends on developing new water supplies, not simply managing scarcity. CAIDD is taking a leadership role by investing in new water supplies that will protect Arizona's future, strengthen the State's economy, and reduce pressure on the Colorado River for generations to come."About the Mojave Groundwater BankThe Mojave Groundwater Bank is a new water supply and groundwater storage project in San Bernardino County, California, being developed by Cadiz, Inc. in partnership with Lytton Rancheria of California, a federally recognized Native American Tribe. When fully developed, the project is expected to provide more than 2.5 million acre-feet of supplemental water supplies to the Lower Colorado River Basin and up to 1 million acre-feet of groundwater storage capacity. The project is located within the Fenner Valley Aquifer System, a naturally recharged alluvial groundwater basin in California's eastern Mojave Desert. The MGB is currently permitted to deliver approximately 50,000 acre-feet per year of supplemental water supply, including approximately 30,000 acre-feet per year that could be made available to Arizona off-takers through interstate exchanges in the Colorado River system. To learn more, please visit www.mojavegroundwaterbank.com.About Central Arizona Irrigation and Drainage District The Central Arizona Irrigation and Drainage District (CAIDD) is one of central Arizona's largest agricultural water districts, serving approximately 87,600 irrigated acres in Pinal County. CAIDD delivers Colorado River water through the Central Arizona Project and other water resources to support one of Arizona's most productive agricultural regions. The District is committed to developing innovative water management strategies and new water supplies to ensure the long-term reliability of water for Arizona agriculture. For more information, please visit https://ed4.biz/about-caidd/.About Cadiz, Inc.Cadiz, Inc. (NASDAQ: CDZI) is a water solutions and natural resources company developing long-term water supply, storage, conveyance and treatment solutions for communities, businesses, farmers and public agencies across the Southwest. Founded in 1983, Cadiz owns approximately 45,000 acres of land and 220 miles of pipeline assets in California's Mojave Desert. Its assets include Cadiz Ranch, the largest agricultural operation in San Bernardino County; the Mojave Groundwater Bank, one of the largest new water supply and groundwater storage projects in the Lower Colorado River Basin; and ATEC Water Systems, which provides specialized groundwater treatment technology throughout the western United States. For more information, visit https://www.cadizinc.com.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "would," "will," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." These forward-looking statements include, but are not limited to, statements regarding the expectation that CAIDD and Cadiz (the "Company") will enter into a definitive offtake agreement; completion of construction of the Mojave Groundwater Bank and the Company's Southern Pipeline; the potential purchase of water supply by CAIDD from the Mojave Groundwater Bank; expected investment in and financing of the development of the Mojave Groundwater Bank; and satisfaction of legal and operational requirements necessary for the Mojave Groundwater Bank to serve as a new water supply and storage resource for the Lower Colorado River Basin, including requirements to implement and account for interstate exchanges under the Law of the River. Although the Company believes that the expectations reflected in these 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 risks, uncertainties and other factors described in the Company's SEC filings including its annual report on Form 10-K for the year ended December 31, 2025 and subsequent Exchange Act and Securities Act filings. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/central-arizona-irrigation-and-drainage-district-secures-up-to-10-000-acre-feet-per-year-of-new-water-supply-from-mojave-groundwater-bank-302817115.htmlSOURCE Cadiz, Inc.; Central Arizona Irrigation and Drainage District Original: Central Arizona Irrigation and Drainage District Secures Up to 10,000 Acre-Feet Per Year of New Water Supply from Mojave Groundwater Bank

Cadiz Inc. Declares Quarterly Dividend for Q2 2026 on Series A Cumulative Perpetual Preferred StockJune 22, 2026 4:48 PM
PR Newswire (US) LOS ANGELES, June 22, 2026 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, today announced that its Board of Directors has declared the following cash dividend on the Company's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"). Holders of Series A Preferred Stock will receive a cash dividend equal to $550.00 per whole share. Holders of depositary shares, each representing a 1/1000 fractional interest in a share of Series A Preferred Stock (Nasdaq: CDZIP), will receive a cash dividend equal to $0.55 per depositary share.The dividend will be paid on July 15, 2026, to applicable holders of record as of the close of business on July 2, 2026.About Cadiz, Inc.
Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access.For more information, please visit https://www.cadizinc.com.Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "anticipates", "expect", "may", "plan", or "will". Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including statements regarding the Company's expectations regarding payments of dividends in the future. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements. These and other risks are identified in our filings with the Securities and Exchange Commission (the "Commission"), including without limitation our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Reports on Form 10-Q and other filings subsequently made by the Company with the Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise. View original content to download multimedia:https://www.prnewswire.com/news-releases/cadiz-inc-declares-quarterly-dividend-for-q2-2026-on-series-a-cumulative-perpetual-preferred-stock-302806859.htmlSOURCE Cadiz, Inc. Original: Cadiz Inc. Declares Quarterly Dividend for Q2 2026 on Series A Cumulative Perpetual Preferred Stock

Cadiz and Bureau of Reclamation Execute Funding Agreement for Evaluation of Mojave Groundwater BankMay 26, 2026 9:45 AM
PR Newswire (US) CADIZ, Calif., May 26, 2026 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") today announced that it has entered into a funding agreement ("Agreement") with the U.S. Bureau of Reclamation to support technical and regulatory review activities associated with the Mojave Groundwater Bank project under the Memorandum of Understanding executed in September 2025 between Reclamation, Fenner Valley Water Authority and Fenner Gap Mutual Water Company. Under the Agreement, Cadiz will provide funding to support Reclamation's review of proposed water exchange agreements, validation of water supply resources and technical work associated with evaluation of potential future federal investment in the project.The initial tasks, which are expected to begin immediately, include assessing the appropriate method for implementing and accounting for proposed water exchanges within the Colorado River System, technical work to validate water supply and delivery capability, and evaluation of future steps necessary to support potential federal investment in the project. "This agreement represents an important step forward in our collaboration with Reclamation and other stakeholders to evaluate the Mojave Groundwater Bank's potential role in augmenting water supplies within the Colorado River system and improving water supply reliability throughout the Southwest," said Susan Kennedy, Chair and CEO of Cadiz.About the Mojave Groundwater BankThe Mojave Groundwater Bank is a conjunctive-use groundwater storage project located in southeastern California near the Arizona and Nevada border. Managed by Fenner Gap Mutual Water Company, the project is designed to interconnect the Colorado River and California State Water Project systems through new pipeline infrastructure, enhancing water supply flexibility and drought resilience for millions of Californians. The bank contains an estimated 30 million acre-feet of groundwater in storage and is approved to provide a reliable annual supply of up to 75,000 acre-feet per year, in addition to one million acre-feet of imported water storage capacity. To learn more, visit www.mojavegroundwaterbank.comAbout Cadiz, Inc.Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access.  For more information, please visit www.cadizinc.com.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "would," "will," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." These forward-looking statements include, but are not limited to, statements regarding potential federal investment in the Mojave Groundwater Bank and related infrastructure; and expected development and regulatory progress for the Company's water storage, conveyance and supply projects, including anticipated agreements and approvals involving prospective partners and governmental agencies. Although the Company believes that the expectations reflected in these 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 risks and uncertainties and other factors described in the Company's SEC filings including its annual report on Form 10-K for the year ended December 31, 2025 and subsequent Exchange Act and Securities Act filings. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/cadiz-and-bureau-of-reclamation-execute-funding-agreement-for-evaluation-of-mojave-groundwater-bank-302781913.htmlSOURCE Cadiz, Inc. Original: Cadiz and Bureau of Reclamation Execute Funding Agreement for Evaluation of Mojave Groundwater Bank

Cadiz Inc. Declares Quarterly Dividend for Q1 2026 on Series A Cumulative Perpetual Preferred StockMarch 24, 2026 4:59 PM
PR Newswire (US)

LOS ANGELES, March 24, 2026 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, today announced that its Board of Directors has declared the following cash dividend on the Company's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").







Holders of Series A Preferred Stock will receive a cash dividend equal to $560.00 per whole share. Holders of depositary shares, each representing a 1/1000 fractional interest in a share of Series A Preferred Stock (Nasdaq: CDZIP), will receive a cash dividend equal to $0.56 per depositary share.The dividend will be paid on April 15, 2026, to applicable holders of record as of the close of business on April 3, 2026.About Cadiz, Inc.
Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access.For more information, please visit https://www.cadizinc.com.Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "anticipates", "expect", "may", "plan", or "will". Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including statements regarding the Company's expectations regarding payments of dividends in the future. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements. These and other risks are identified in our filings with the Securities and Exchange Commission (the "Commission"), including without limitation our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Reports on Form 10-Q and other filings subsequently made by the Company with the Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.



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Original: Cadiz Inc. Declares Quarterly Dividend for Q1 2026 on Series A Cumulative Perpetual Preferred Stock

Cadiz Mojave Groundwater Bank Northern Pipeline Project Selected to Submit Application for $194 Million WIFIA LoanFebruary 17, 2026 9:46 AM
PR Newswire (US)

CADIZ, Calif., Feb. 17, 2026 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") today announced that the U.S. Environmental Protection Agency ("EPA") has selected the Mojave Groundwater Bank – Northern Pipeline ("MGB–NPL") Project to submit an application for a low-interest loan of up to $194 million to fund capital costs under the federal Water Infrastructure Finance and Innovation Act ("WIFIA") program. WIFIA, established by Congress in 2014, is a federal financing program designed to accelerate investment in nationally significant water and wastewater infrastructure projects.







EPA's selection means that EPA has administratively reserved $194 million for the Company's Northern Pipeline Project and has invited the Company to submit an application.  EPA will hold this funding in reserve while the Company advances an application through the WIFIA underwriting process."We appreciate EPA's selection of the Mojave Groundwater Bank to move forward in the WIFIA process," said Don Bunts, General Manager of Fenner Gap Mutual Water Company. "This selection is an important milestone for us as we finalize project financing and advance construction of the Mojave Groundwater Bank."The Company expects to fund construction of all Project facilities with a combination of equity capital, government grant funding, municipal financing and low interest debt programs such as WIFIA. If approved, WIFIA's low-cost, long-term financing for the MGB–NPL Project will complement private equity and other funding sources being assembled to finance construction of the Mojave Groundwater Bank facilities which includes the Northern Pipeline and the planned 43-mile Southern Pipeline connection to the Colorado River Aqueduct.  The Company plans to seek additional WIFIA funding in a separate application for the Southern Pipeline and other parts of the project.  "The public-private partnership business model is the best way to finance critical large-scale water infrastructure today," said Susan Kennedy, Chair and CEO of Cadiz. "It takes creative investment structures that leverage both public and private funding to build major infrastructure and lower costs for ratepayers." In November, Lytton Rancheria of California, a federally recognized Native American tribe, entered into an agreement to provide up to $51 million as the first tranche of up to approximately $450 million in total equity capital being raised for construction and development of the Mojave Groundwater Bank. The investment is convertible into Mojave Water Infrastructure Company LLC ("MWI"), the special-purpose entity formed by Cadiz to construct, own, and operate the Project.With water supply agreements executed for the Northern Pipeline, the Company initiated construction financing activities last year. The Company is in due diligence with private equity investors to provide up to $400 million of private equity in MWI and is completing key permitting, engineering, procurement and construction milestones while working toward execution of a definitive agreement.About the Mojave Groundwater BankThe Mojave Groundwater Bank is a conjunctive-use groundwater storage project located in southeastern California near the Arizona and Nevada border. Managed by Fenner Gap Mutual Water Company, the project is designed to interconnect the Colorado River and California State Water Project systems through new pipeline infrastructure, enhancing water supply flexibility and drought resilience for millions of Californians. The bank contains an estimated 30 million acre-feet of groundwater in storage and is approved to provide a reliable annual supply of up to 75,000 acre-feet per year, in addition to one million acre-feet of imported water storage capacity. To learn more, visit www.mojavegroundwaterbank.com.About Cadiz, Inc.Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access.  For more information, please visit www.cadizinc.com.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "would," "will," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." These forward-looking statements include, but are not limited to, expectations regarding project financing activities, including but not limited to access to funding under the WFIA loan program, and the use and conversion of loan proceeds from the Lytton Rancheria investment into equity of MWI; anticipated terms, timing and structure of additional capital raises for the Mojave Groundwater Bank and related infrastructure; and expected development and regulatory progress for the Company's water storage, conveyance and supply projects, including anticipated agreements and approvals involving prospective partners and governmental agencies. Although the Company believes that the expectations reflected in these 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 risks and uncertainties and other factors described in the Company's SEC filings including its annual report on Form 10-K for the year ended December 31, 2024 and subsequent Exchange Act and Securities Act filings. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.



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Original: Cadiz Mojave Groundwater Bank Northern Pipeline Project Selected to Submit Application for $194 Million WIFIA Loan

Dave O'Hara Joins Cadiz Board of DirectorsFebruary 4, 2026 9:46 AM
PR Newswire (US)

Former Microsoft Commercial CFO brings decades of experience in corporate finance and commercial strategyLOS ANGELES, Feb. 4, 2026 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") announced today that Mr. Dave O'Hara, a senior finance executive with extensive experience in corporate finance, commercial strategy and large-scale growth initiatives, has joined the Company's Board of Directors.







Mr. O'Hara spent more than 20 years at Microsoft in senior executive leadership roles, most recently serving as Executive Vice President and Chief Financial Officer of Microsoft's Commercial Business Group. In that role, he was responsible for investment strategy, budgeting, forecasting, and financial analysis across some of the company's largest and most strategically important business units. His experience includes oversight of large-scale, long-duration capital investments such as data centers, cloud infrastructure, and global platform expansions. Earlier at Microsoft, Mr. O'Hara served as Chief Operating Officer of Microsoft Advertising and as Vice President of Business Development."Dave brings global expertise in corporate strategy, financial discipline and strategic growth," said Susan Kennedy, Chairman and CEO of Cadiz. "He also brings a passion for high-impact innovation in industries experiencing large-scale transformation. Dave's experience in managing capital-intensive growth initiatives will be a tremendous asset to the company's executive team shareholders.""I am excited to join the Board of Cadiz at what seems like a real inflection point for the company," said Mr. O'Hara. "Cadiz's portfolio of assets and expertise in water and energy at a time when demand for these critical resources is rapidly accelerating to support emerging high-growth industries, is a right-place, right time story. I look forward to helping the company navigate this exciting phase – and leave a positive impact on the people and communities we can serve."Mr. O'Hara holds a Bachelor's degree in Economics and an MBA from the University of South Dakota. Mr. O'Hara's appointment to the Board is effective immediately.About Cadiz, Inc.
Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access.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 Company's ability to secure any additional necessary permits for project development. 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 potential litigation that may delay project development, the Company's ability to obtain financing as needed, and other factors and considerations detailed in the Company's Securities and Exchange Commission filings.



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Original: Dave O'Hara Joins Cadiz Board of Directors

$CDZI: ON bounce watch now....... $2.90

This should get back to $3.50


GO $CDZI

some people are going to miss this epic run from a water utility stock. check the chart from july - august 2022.

Its a turn around story. Time to load up.

… CADIZ PLEASE … $CDZI #LootWallStreet

LOS ANGELES, April 6, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company"), a clean water solutions company, announced that it completed construction of three new groundwater wells at the Cadiz Ranch increasing the wellfield to 12 production wells with an annual capacity of 36,000 acre-feet of water per year (AFY). With the new wells online, the Cadiz Ranch wellfield will have sufficient capacity to deliver the full volume of the Company's Northern Pipeline, or 25,000 AFY, and also continue to support current agricultural operations at the Cadiz Ranch.

"Our mission is to deliver clean, reliable and affordable water to people," said Susan Kennedy, Executive Chair of Cadiz. "Our wellfield and infrastructure will provide both reliable new supply during extreme drought periods and underground storage during extreme wet periods."

The Cadiz wellfield at the Ranch captures groundwater that would otherwise be lost to evaporation from the base of a significant Mojave Desert watershed for agricultural irrigation. The Cadiz Ranch farming operation follows a sustainable groundwater management plan that has been administered by the County of San Bernardino since 1993. In 2012, the County also approved permits for the Cadiz Water Conservation and Storage Project that authorizes conservation of 50,000 acre-feet per year for beneficial supply uses in communities in Southern California. The project also offers one million acre-feet of storage capacity for imported surplus water in wet years.

In late March, the Salton Sea Authority Board of Directors voted to approve a four-party contract with Cadiz, the Coachella Valley Water District ("CVWD") and the Torres Martinez Desert Cahuilla Indians securing 5,000 acre-feet per year of water supply from Cadiz to support restoration of the Salton Sea and health, safety, and economic development on Tribal lands and in disadvantaged communities in eastern Coachella Valley, once the Project pipelines are operational. In February, CVWD also approved the contract.

"Despite recent rains, the Colorado River system remains under pressure with long-term projections of shortage that will alter reliable deliveries to all of Southern California" said Scott Slater, Cadiz CEO. "We are happy to be able to contribute to solutions for communities affected by these systemic changes."

$CDZI insane drop on no news but seems manipulated

… we bought the dip with 25% of our portfolio … $CDZI #LootWallStreet

Public market valuation is pure water hype.

Discounted cash flow valuation is less than $8 per share.

Apollo convertible notes priced at $6.75, "smart money"

Stock currently trading at over $11.00 per share.

Finally SB 120 passes and Cadiz Water Project has line of sight to construction! But wait the stock price didn't rebound after the passage? Why not? What's going on here? Who is manipulating the stock? And what's the project fundamentally worth?
The Cadiz Water Project could now be, hypothetically, built in approximately 18-months costing ~$200-275M and financed by Apollo. When the project is built CDZI will finally be able to sell 50,000 acre feet of water per year at a price of $639-$1089 per acre foot and plans to realize net operating income of $500-$600 per acre foot year with contracts written to escalate at 3% per year. Assuming the project is built in 18-months:

2020: 50,000 AFY x $550 AF = $27,500,000 in net operating income
2021: $28,325,000 net operating income
2022: $29,174,750 net operating income
etc. for perpetuity lets say and assume they continue to operate forever...now how do we value this free cash flow?

Easy as a perpetual annuity payment since we expect these contracted cash flows to continue forever. (though the project is planned for 40-years, we expect it could operate till the watershed runs out of water).
$27,500,000/Discount rate = Free Cash Flow to Cadiz
Now what is the appropriate discount rate? Well the company debt financing to date is at least 7-8% and equity typically costs more (10% is the Warren Buffet general discount rate) but lets be generous, subtract escalation and round it so the total cost of capital for Cadiz is only 7% so:

$27,500,000/7% = $589M PV free cash flow to Cadiz! Now we know the project will cost money to build ~$250M and holds $63M in debt so we have to pay that off before we can claim money as shareholders. This means

$589-$250-$63 = $276M in equity value remaining.

So $276M/shares outstanding or 276,000,000/22,200,000 = $12 per share! But wait we still need to handle the convertibles... Now since Apollo holds convertibles at $6.75 we can assume that they will convert these bonds into stock causing an additional 12,700,000 shares to be issued that means that the fully diluted shares outstanding is 34,900,000...
But $276,000,000/34,900,000 = $7.91 per share WTF!!?!?! How can we be waiting all these years for this project and the stock be trading for more than the project is actually worth once built??? Well Apollo clearly knew what was going on and price their convertibles under fair value...

Of course while SB 120 passed, the project also still needs to finalize proposals with the Metropolitan Water District which represents coastal Southern California counties from San Diego to Los Angeles and there have been accusations of bribery and corruption overhanging contracting. And the project needs to clear the State Land Commission which is holding hearings to review the project's planned use for State Lands. These lands are leased for rail road use and Cadiz plans to sublease the lands for water pipeline construction. So hopefully, maybe, the project gets built by the end of 2019 or more likely 2020 so we will have to continue waiting....

Since just over 50% of the project is institutionally held, it seems like retail money is left holding the bag on this much hyped and contested water project. Sadly Cadiz seems like another much hyped story stock that caught retail investors in a value trap.

SMART

DOUBLE BOOM

What goes up will come down.
Time to take a short position
At the top.

Woah!!! What's going on here?

Open Outcrier ?@OpenOutcrier 25m25 minutes ago

$CDZI on on highs (has project #15 on Trumps rumored infrastructure list)


https://www.documentcloud.org/documents/3409546-Emergency-NatSec50Projects-121416-1-Reduced.html

Quoth the Raven ?@QTRResearch 8m8 minutes ago

From a friend on $CDZI: "Over 3 million shares short and 17 days to cover based on average volume. Could be a face ripper."

CDZI bullish 7.03

CDZI bullish 5.90

CDZI 5.9 BOOOOM

CDZI 5.26 holding up well in market rout past two days . News of contracts last week. Likely more upside $7+

http://smwd.com/news/press-releases/press-releases-archive/2011-10-20.html

Agree it's going back up !!

I think that's the bottom of that pullback----> now other way! Strongly bullish! What do you think guys?

Nice day here !! Sold 3/4 am spike

Sold rest mid day :(

TANH got spanked lol will have a bounce oo

I SOLD TO EARLY!!! IT IS A CAUSE OF SELF DOUBT!!! WONT EVER HAPPEN AGAIN!!! I AM THE BEST!!! THIS WAS AN EXCELLENT BETA TEST FOR ME!!!

GO CDZI GO

KABOOMAGE! Easy peazy lemon squeezy.

Looks good over 3.30 for a squeeze higher

FOR THE RECORD IM OUT ON MORNING POP TY ALL

WEEEEEEEEEEEE CDZI JUST CUZ

Ah Jeah. For shizzle

$CDZI SETTING UP FOR MASSIVE GAINS HERE ...

ahhh good to see some life here...hey everyone ! CDZI on the move \m/

CHICKEN SKIN MOMENT!!!

CDZI FTW

Lol

Yeah, that 160 share whackadoodle there after hours gave me a warm fuzzy feeling inside.

LOL I LOVE AFTER HOURS SLAPSTERS

$3.40 after hours. Hope to see $4.00 tomorrow!

Boom Boom! Bitch assss motha fuckn shorts gonna get whacked tomorree

all good in da hood

One stock at a time for me, so I like watch one and 5 minute chart all day and commentate

Yea lol

Who cares u pay diz forum for that

Nice yea I post too much lol

record volume / bullish engulfing / +10% / dip recovery

ill take it

Let's see a string close

Huge bid whack3r haha

Let's see a big slap over $3.20 ... $3.30 +close would be schweet

Yes big time correction upppp