Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Cadiz's first commercial hemp crop set for March planting at Mojave Desert farm » 09:47
02/03/20
02/03
09:47
02/03/20
09:47
CDZI

Cadiz

$9.11 /

+ (+0.00%)

Cadiz announced that its…

Cadiz announced that its joint venture subsidiary with Glass House Group to farm, harvest, process and market hemp and hemp-derived products will plant its first commercial hemp crop in March 2020. Land preparations for the spring commercial planting are nearly complete and So Cal Hemp JV will begin cultivation of organic hemp in 2020 on up to 1,280 acres at the Cadiz Ranch. New labor force housing, three new irrigation wells and piping have been installed over the last several months to support commercial production. Soil enhancement via organic green compost fertilizer application have prepped the soils to support natural, pesticide-free hemp growth. The commercial planting will follow the recent completion of two successful trial crops, the first of which was planted during the height of the summer in 2019 and the second during the winter. The completed trials confirmed the appropriate planting cycle, weather conditions and varietals for successful organic hemp growth in the unique Mojave Desert environment at Cadiz and further demonstrated hemp's commercial viability for the Company's agricultural operations.

Over a month ago
Conference/Events
Cadiz management to meet with B. Riley FBR » 04:55
01/22/20
01/22
04:55
01/22/20
04:55
CDZI

Cadiz

$10.08 /

-0.055 (-0.54%)

Meetings to be held in…

Meetings to be held in New York on January 21-22 hosted by B. Riley FBR.

ShowHide Related Items >><<
Conference/Events
Cadiz management to meet with B. Riley FBR » 04:55
01/21/20
01/21
04:55
01/21/20
04:55
CDZI

Cadiz

$10.14 /

-0.005 (-0.05%)

Meetings to be held in…

Meetings to be held in New York on January 21-22 hosted by B. Riley FBR.

ShowHide Related Items >><<
Conference/Events
Cadiz management to meet with B. Riley FBR » 07:39
01/16/20
01/16
07:39
01/16/20
07:39
CDZI

Cadiz

$10.39 /

+0.11 (+1.07%)

Meetings to be held in…

Meetings to be held in New York on January 21-22 hosted by B. Riley FBR.

ShowHide Related Items >><<
Over a quarter ago
Hot Stocks
Cadiz enters SoCal Hemp joint venture with Glass House Farms » 08:56
08/01/19
08/01
08:56
08/01/19
08:56
CDZI

Cadiz

$10.84 /

+0.12 (+1.12%)

Cadiz announced it has…

Cadiz announced it has entered into a joint venture partnership with Glass House Farms, a division of California Cannabis Enterprises. The JV is a 50-50 shared venture of Cadiz and Glass House Farms, which will operate under the name SoCal Hemp Co. The JV will work to sustainably cultivate organic, sun-grown, industrial hemp on up to 9,600 acres at the Cadiz Ranch in San Bernardino County, California. Hemp is now legal to grow and market in all 50 States, following the passage of the 2018 U.S. Farm Bill. The JV intends to bring to market hemp and hemp-derived products and solutions at a commercial scale to meet growing business and consumer market demands. The formation of SoCal Hemp Co. has the potential to create the largest, vertically integrated, commercial hemp operation based in the world's fastest-growing hemp market - California. In June, Cadiz and Glass House Farms led an experimental commercial hemp program to research the potential for large-scale commercial production of hemp on five acres at the Cadiz Ranch, which has already buoyed confidence in the viability of growing hemp on site. In compliance with all state, federal and local regulatory requirements, the JV will now work to expand its operation to 60 acres next month, 1,280 acres in 2020 and approximately 9,600 acres over the next three years. The joint venture will work openly and transparently with the County of San Bernardino and law enforcement in ensuring that it maintains a first class, safe and secure farming operation. Cadiz intends for revenues derived from hemp-based cultivation and processing to meet our objective of cash-flow positive business operations inclusive of water project objectives. Cadiz expects the production of hemp to be fully compatible with the Cadiz Water Project. Overlying farming demands will be coordinated with project operations and existing Court-validated permits. Cadiz will also continue to support the further scientific review of area mountain springs and water dependent ecosystems as called for in recently adopted legislation, and nothing in this venture diminishes that commitment.

Hot Stocks
Cadiz issues statement on signing of California Senate Bill 307 » 05:41
08/01/19
08/01
05:41
08/01/19
05:41
CDZI

Cadiz

$10.84 /

+0.12 (+1.12%)

Cadiz announced that…

Cadiz announced that California Governor Gavin Newsom signed Senate Bill 307, a measure designed to require additional review of the Cadiz Water Project by state agencies. The legislation, available here, will go into effect on January 1, 2020. Governor Newsom included a signing message that calls for the additional review to be "public and transparent" and focused on determining if the Project will "unreasonably affect the environment and water dependent ecosystem in the surrounding watersheds." Cadiz CEO Scott Slater made the following statement following Governor Newsom's action: "While we believe SB 307 is a troubling precedent for infrastructure development, it will not stop the Cadiz Water Project, a sustainable project designed to safely make available new water for 400,000 people in California. We stand ready to comply with SB 307, just as we have complied with all of California's stringent environmental laws. We look forward to working closely with the Governor's office, the State Lands Commission and other State Agencies as we complete this public, and transparent procedural step and we are confident that we will continue to demonstrate that the Project is environmentally sound and a worthy part of the solution to California's persistent water supply challenges. California is home to over a million people who lack access to safe, clean, reliable drinking water. Over the long-term we face a statewide supply-demand imbalance that requires a successful water resiliency strategy, especially if we seek to achieve the State's objectives of providing water and housing for all. We believe a fact-based evaluation of the Project conducted under the Governor's watchful eye will undoubtedly conclude we can sustainably contribute to this effort. Importantly, SB 307, which regulates the transfer of groundwater from Cadiz into urban Southern California, does not affect our ongoing efforts to conserve and efficiently use groundwater in our substantial agricultural ventures. SB 307 also does not limit the direct delivery of water or the storage of imported water at Cadiz as evaluated in the Project's court-approved permits. We will continue to pursue these opportunities concurrently with compliance with SB 307 and the remaining permitting milestones for the Water Project."

Hot Stocks
Cadiz says bills like SB 307 will make solutions to issues 'tougher to achieve' » 09:26
07/12/19
07/12
09:26
07/12/19
09:26
CDZI

Cadiz

$10.97 /

-1.82 (-14.23%)

Cadiz announced that the…

Cadiz announced that the California State Assembly considered and passed Senate Bill 307, a measure designed to require additional state review of the Cadiz Water Project. The legislation will now move to the California Governor's Office for consideration. California Governor Gavin Newsom has 12 days to either sign the measure or veto it. The Company issued the following statement: "As our Governor has repeatedly emphasized, California continues to suffer from chronic water supply and affordable housing shortages. These problems are not unrelated. Solutions to these two critical problems depend on infrastructure improvements that are opposed at every turn. Bills like SB 307 will make solutions even tougher to achieve. An earlier version of the Cadiz Water Project was approved by the United States Department of the Interior in 2002. A revised Project underwent a decade of additional study, peer review, state environmental impact evaluation, a separate approval by San Bernardino County and was repeatedly validated by the California Courts. SB 307 is based on the false premise that the federal government never reviewed the Project and that CEQA, the County and the Courts were not fair and independent reviewers...Should the bill be enacted however, Cadiz will embrace a fair, open, transparent review of science. We are abundantly confident the Project is safe and sustainable. We have committed to 50 years of ongoing public scrutiny of the Project and agreed to the County's ongoing review and control of operations. We are also supportive of the announced efforts of Three Valleys Municipal Water District to initiate an inclusive study plan over coming months to further study mountain springs in the Project area. Any application for the finding required by SB 307 as a precondition to wheeling water through the Colorado River Aqueduct will be accompanied by clear and unequivocal data and reports that can withstand critical scrutiny. We will continue to go about our business of efficiently and sustainably farming our land, acting as responsible private stewards of a public resource. The Project will be lawfully progressed under all federal, state and local regulations. "

Hot Stocks
Cadiz says SB 307 will make water infrastructure solutions 'tougher to achieve' » 16:13
07/11/19
07/11
16:13
07/11/19
16:13
CDZI

Cadiz

$10.96 /

-1.835 (-14.35%)

The California State…

The California State Assembly considered and passed Senate Bill 307, a measure designed to require additional state review of the Cadiz Water Project. The legislation will now move to Governor's Office for consideration. Governor Gavin Newsom has 12 days to either sign the measure or veto it. Cadiz issued a statement regarding the Assembly vote: "As our Governor has repeatedly emphasized, California continues to suffer from chronic water supply and affordable housing shortages. These problems are not unrelated. Solutions to these two critical problems depend on infrastructure improvements that are opposed at every turn. Bills like SB 307 will make solutions even tougher to achieve. An earlier version of the Cadiz Water Project was approved by the United States Department of the Interior in 2002. A revised Project underwent a decade of additional study, peer review, state environmental impact evaluation, a separate approval by San Bernardino County and was repeatedly validated by the California Courts. SB 307 is based on the false premise that the federal government never reviewed the Project and that CEQA, the County and the Courts were not fair and independent reviewers. Opponents have parlayed their considerable political influence to establish a new state review in a new forum sought by opponents after failing to succeed in all other venues. Joined by dozens of state and local organizations, we have expressed concern because SB 307 encourages infrastructure opponents to politicize project review and singles out one California Company and one project for unique treatment. Consequently, we will urge the Governor to veto SB 307. Should the bill be enacted however, Cadiz will embrace fair, open and transparent review of science. We are abundantly confident the Project is safe and sustainable. We have committed to 50 years of ongoing public scrutiny of the Project and agreed to the County's ongoing review and control of operations. We are also supportive of the announced efforts of Three Valleys Municipal Water District to initiate an inclusive study plan over coming months to further study mountain springs in the Project area. Any application for the finding required by SB 307 as a precondition to wheeling water through the Colorado River Aqueduct will be accompanied by clear and unequivocal data and reports that can withstand critical scrutiny. We will continue to go about our business of efficiently and sustainably farming our land, acting as responsible private stewards of a public resource. The Project will be lawfully progressed under all federal, state and local regulations. More than 10 billion gallons a year are wasted to the atmosphere each year from the Bristol and Cadiz Dry-Lakes. The Project would conserve this water and divert it to 400,000 people a year. More than 63 billion gallons have been irretrievably lost since the Project was first approved. If California is serious about meeting its commitment to provide, clean, reliable and affordable water to all people, of all color in all locations, Cadiz is ready to play its part."

Periodicals
Cadiz tells Bloomberg project is 'safe, sustainable' » 15:55
07/11/19
07/11
15:55
07/11/19
15:55
CDZI

Cadiz

$10.80 /

-1.99 (-15.56%)

Cadiz said in an emailed…

Cadiz said in an emailed statement to Bloomberg that it is "abundantly confident" that its groundwater mining project is "safe" and "sustainable." Earlier, the National Parks Conservation Association said that the California Assembly passed and sent legislation to Governor Newsom that will require a new and independent environmental review of the proposed Cadiz project.

Hot Stocks
California passes legislation on desert water, halts Cadiz mining proposal » 14:24
07/11/19
07/11
14:24
07/11/19
14:24
CDZI

Cadiz

$12.35 /

-0.44 (-3.44%)

In a statement, the…

In a statement, the National Parks Conservation Association said that, "The California Assembly passed and sent legislation to Governor Newsom, which will require new and independent environmental review of the proposed Cadiz [CDZI] groundwater mining project that threatens parks, wildlife and sacred tribal lands in the Mojave Desert. The legislation, authored by Senator Richard Roth and passed under the leadership of Assembly Speaker Anthony Rendon, would prevent the Cadiz Inc. or other desert water export proposals from advancing potentially harmful groundwater mining projects without state review, verifying that no adverse impacts would occur to desert waters, wildlife and lands." "By passing SB 307, the California legislature has sent a message to the Trump administration that science matters and will not be ignored when it comes to protecting our national treasures from the reckless Cadiz groundwater mining project," said David Lamfrom, California Desert and Wildlife Director for the National Parks Conservation Association. "For the first time, Cadiz will be subject to independent scientific review, which will no doubt prove that the numbers previously used by the company just don't add up. Senator Richard Roth is a desert, national park and water defender for authoring this legislation to ensure that desert groundwater pumping can serve long-term needs of our wild lands, local communities and businesses." Reference Link

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.