Cadiz Plans Expansion With New 50-Year Water Delivery Partnership, Inks Pact With The Santa Margarita Water District To Deliver Water From The Cadiz Water Supply And Storage Project Through Company's Northern Pipeline
Portfolio Pulse from Benzinga Newsdesk
Cadiz Inc. has announced a new 50-year water delivery partnership with the Santa Margarita Water District. This agreement will enable the delivery of water from the Cadiz Water Supply and Storage Project through the company's Northern Pipeline.
June 21, 2024 | 10:05 am
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Cadiz Inc. has entered into a 50-year partnership with the Santa Margarita Water District to deliver water from its Water Supply and Storage Project through its Northern Pipeline.
The long-term partnership with a significant water district is likely to enhance Cadiz Inc.'s revenue stability and operational scale, positively impacting its stock price in the short term.
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