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CDZI

Cadiz Inc.

https://www.cadizinc.com

Industry

Regulated Water

Cadiz Inc., together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County. It is also involved in the cultivation of lemons, and spring and fall plantings of vegetables and grains. Cadiz Inc. was founded in 1983 and is headquartered in Los Angeles, California.

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Cadiz Inc. (CDZI) and Heerema IGS have entered into a financing agreement where Heerema will acquire a $21.2 million Senior Secured Loan and provide an additional $20 million to fund Cadiz's capital investments for revenue generation, operations, and growth.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:41 pm

Cadiz Inc. has appointed Susan Kennedy as its new CEO, effective January 1, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:21 pm

Insiders at four companies have recently made notable purchases of their own company's stock. Cadiz Inc. CEO Susan P Kennedy bought 6,762 shares at $2.81 each. Lument Finance Trust President James Henson acquired 15,000 shares at $2.37 each. Retractable Technologies President and CEO Thomas J Shaw purchased 5,522 shares at $1.09 each. Sharps Technology Director Timothy J. Ruemler bought 9,466 shares at $0.40 each. These transactions can signal insider confidence and may influence investor decisions regarding penny stocks.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 11:55 am

The U.S. Bureau of Land Management (BLM) has approved the assignment of a Mineral Leasing Act right-of-way (ROW) grant to Cadiz Inc. for the company's Northern Pipeline. This approval finalizes Cadiz's acquisition of the 220-mile pipeline from El Paso Natural Gas (EPNG) and enables the company to proceed with project development. The pipeline is central to Cadiz's clean water and energy initiatives, including green hydrogen and low-emission generation projects.

Portfolio Pulse from Benzinga Newsdesk

December 16, 2023 | 11:33 pm

Cadiz, Inc. (NASDAQ: CDZI/CDZIP) has entered into a binding agreement with San Bernardino County, Santa Margarita Water District (SMWD) and Fenner Gap Mutual Water Company to provide priority rights to water supply from the Cadiz Water Conservation and Storage Project (Cadiz Project) to public water systems serving San Bernardino County communities. The agreement amends a 2012 MOU and requires Cadiz to offer binding agreements for water supply from the Cadiz Project to public water systems serving San Bernardino County residents prior to exporting water for beneficial use outside of San Bernardino County.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:10 pm

Cadiz, Inc. (NASDAQ: CDZI/CDZIP) has entered into a long-term contract with El Paso Natural Gas Company to install a gas tap on their pipeline running through Cadiz Ranch property. This will allow Cadiz to replace diesel engines with natural gas engines for its operations, reducing energy costs and carbon emissions. The tap is expected to deliver new gas power to Cadiz by Q4 2024. Earlier this year, Cadiz selected Scale Microgrids to develop clean energy microgrids for its facilities.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:42 pm

Insiders at four companies have recently made significant purchases of their own stocks. Eos Energy Enterprises CEO Joe Mastrangelo bought 36,500 shares at an average price of $2.05. Cadiz Inc. Executive Director Susan Kennedy acquired 15,822 shares at an average price of $3.17. Fluent, Inc. 10% owner Frost Gamma Investments Trust bought 100,000 shares at an average price of $0.46. Nuvation Bio Inc. Director Biotech Opportunity GP, LLC purchased 5,313,100 shares at an average price of $1.26.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 12:44 pm

Insiders at BioCorRx Inc. (OTC:BICX), Rezolute, Inc. (NASDAQ:RZLT), and Cadiz Inc. (NASDAQ:CDZI) have recently made significant share purchases. BioCorRx Director Joseph J Galligan acquired 184,780 shares, Rezolute's Chief Medical Officer Brian Kenneth Roberts bought 5,000 shares, and Cadiz's 10% owner Heerema International Group Services SA purchased 200,000 shares. These transactions indicate the insiders' confidence in their respective companies' prospects.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 12:59 pm

Cadiz Inc. partners with Scale Microgrids to develop clean energy microgrids for water supply and pipeline projects. The collaboration aims to reduce greenhouse gas emissions and improve energy efficiency.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:09 pm

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