Cadiz, Inc. (NASDAQ: CDZI) is a Southern California–based water resource management company focused on developing and operating groundwater storage, recovery and conveyance projects. The company holds water rights and mineral rights on approximately 34,000 acres in the Mojave Desert and is chiefly known for advancing the Cadiz Water Project, a planned system to capture, store and distribute groundwater to urban and agricultural users in the region.
The company’s primary business activity centers on the development of infrastructure that enables sustainable groundwater banking. This includes drilling recovery wells in alluvial aquifers, constructing conveyance pipelines and partnering with regional water agencies for recharge and delivery. Cadiz has engaged with the Metropolitan Water District of Southern California and local water districts in Orange and San Bernardino counties to integrate its system into existing water supply networks.
Cadiz’s flagship project is designed to deliver up to 50,000 acre-feet of groundwater per year, helping to diversify water supply sources amid growing demand and regulatory pressures in Southern California. The company’s approach emphasizes environmental stewardship, employing natural recharge methods while maintaining ecological protections for desert habitats and local wildlife.
Founded in 1983 and headquartered in Los Angeles, Cadiz initially held a portfolio of mineral rights before refocusing on water infrastructure in the early 2000s. Under its current management team, the company continues to pursue project approvals, regulatory permits and strategic partnerships aimed at bringing its groundwater development plans into commercial operation.
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