LOS ANGELES--(BUSINESS WIRE)--Today Cadiz Inc. (NASDAQ: CDZI) ("Cadiz", the “Company”) posted a new letter in support of the Cadiz Valley Water Conservation, Recovery & Storage Project (“Cadiz Water Project”) from Congressman Duncan Hunter (R-CA-50) to the Company’s website. This new letter and additional letters of support for the Cadiz Water Project, including one posted earlier this week from Congressman Jim Costa (D-CA) and Congressman Collin Peterson (D-MN) can be found at this link: http://cadizinc.com/projectsupport/ .
The Cadiz Water Project will create a new water supply for approximately 100,000 Southern California families by capturing and conserving groundwater that would otherwise be lost to evaporation and high-salinity in eastern San Bernardino County. The Project is a public–private partnership between Cadiz Inc. and the Santa Margarita Water District and will be carried out by public water providers that serve over 1 million customers across California.
About Cadiz
Founded in 1983, Cadiz Inc. is a publicly-held renewable resources company that owns 70 square miles of property with significant water resources in Southern California. The Company is engaged in a combination of organic farming and water supply and storage projects at its properties and abides by a wide-ranging “Green Compact” focused on environmental conservation and sustainable practices to manage its land, water and agricultural resources. For more information about Cadiz, visit http://www.cadizinc.com/.
FORWARD LOOKING STATEMENT: This release contains forward-looking statements that are subject to significant risks and uncertainties, including statements related to the future operating and financial performance of the Company and the financing activities of the Company. Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company’s forward-looking statements include the Company’s ability to maximize value for Cadiz land and water resources, the Company’s ability to obtain new financing as needed, the receipt of additional permits for the water project and other factors and considerations detailed in the Company’s Securities and Exchange Commission filings.
