Cadiz Signs LOI To Provide 75K Acre-Feet Of Water Supply To The City Of Hesperia
Portfolio Pulse from Benzinga Newsdesk
Cadiz, Inc. (NASDAQ:CDZI) has signed a Letter of Intent to provide 75,000 acre-feet of water supply to the City of Hesperia, supporting sustainable growth and groundwater recharge in the Mojave River Basin.
June 10, 2024 | 12:36 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cadiz, Inc. has signed a Letter of Intent to provide 75,000 acre-feet of water to the City of Hesperia, which will support sustainable growth and groundwater recharge in the Mojave River Basin.
The agreement to supply a significant amount of water to Hesperia demonstrates Cadiz's active role in sustainable water management, which is likely to positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100