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
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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.
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