Cadiz Inc (CDZI) Exchange: NASDAQ

The Cadiz Water Project is an innovative public-private partnership between Cadiz Inc. and Southern California water agencies that will use existing infrastructure, existing transportation corridors, private property and private capital to create a new water supply for up to 400,000 people a year by reducing a recurrent loss of groundwater to evaporation in California’s Mojave Desert. In a second phase, the Project will also offer groundwater storage for imported surplus supplies allowing these supplies to be banked for future dry years. The Project also offers tremendous benefits to the Southern California region by creating $1 Billion in local economic investment, 5,900 new jobs during construction, and $6M per year in new revenues to local government over the long-term. The Project has successfully completed a robust review by state and local public agencies in accordance with the California Environmental Quality Act (CEQA), the most stringent environmental protection law in the nation, and will be governed by a Court-approved groundwater management plan overseen locally by San Bernardino County. Prior to construction, the Project must complete final arrangements and permits to convey water within excess capacity in Southern California’s public water conveyance system. About Cadiz Inc. Founded in 1983, Cadiz Inc. is a natural resources leader that owns 70 square miles of property with significant water resources in Southern California. The Company is the largest agricultural operation in San Bernardino, California, where it has sustainably farmed since the 1980s and is now actively pursuing a joint venture to cultivate organic hemp on up to 9,600 acres. The Company also continues to partner with public water agencies to implement the Cadiz Water Project, which over two phases will create a new water supply for approximately 400,000 people and make available up to 1 million acre-feet of new groundwater storage capacity for the region. Guided by a holistic land management plan, we are dedicated to pursuing sustainable projects and practicing responsible stewardship of our land, water and agricultural resources.