Edition:
United States

Profile: Cadiz Inc (CDZI.OQ)

CDZI.OQ on NASDAQ Stock Exchange Global Market

13.40USD
12:59pm EST
Change (% chg)

$-0.05 (-0.37%)
Prev Close
$13.45
Open
$13.50
Day's High
$13.55
Day's Low
$13.35
Volume
8,785
Avg. Vol
38,367
52-wk High
$16.20
52-wk Low
$9.65

Cadiz Inc., incorporated on April 27, 1992, is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company's primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture. As of December 31, 2016, the Company was focused on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project (Water Project or Project), which captures and conserves native groundwater being lost to evaporation from the aquifer system beneath its 34,000-acre property in the Cadiz and Fenner valleys of eastern San Bernardino County (the Cadiz/Fenner Property), and delivers it to water providers throughout Southern California. Its development activities include water resource and agricultural development at its San Bernardino County properties.

As of December 31, 2016, the Company owned approximately 34,000 acres of land and the subsurface strata, inclusive of the unsaturated soils and appurtenant water rights in the Cadiz and Fenner valleys of eastern San Bernardino County (the Cadiz/Fenner property). As of December 31, 2016, the Company held ownership rights to 96 miles of existing idle natural gas pipeline from the Cadiz/Fenner Property to Barstow, California. As of December 31, 2016, the Company also owned approximately 11,000 additional acres in the eastern Mojave Desert portion of San Bernardino County, California at two separate properties.

As of December 31, 2016, the Company's first property of San Bernardino County consisted of approximately 9,000 acres in the Piute Valley. The aquifer system underlying this property is naturally recharged by precipitation (both rain and snow). As of December 31, 2016, the Company owned approximately 2,000 acres near Danby Dry Lake in Ward Valley, approximately 30 miles southeast of its Cadiz/Fenner landholdings.

Company Address

Cadiz Inc

550 S Hope St Ste 2850
LOS ANGELES   CA   90071-2621
P: +1213.2711600
F: +1213.2711614

Company Web Links