- Business
- Cadiz Inc. (NASDAQ: CDZI; CDZIP) develops and manages land and water resources in California, focusing on groundwater conservation, storage, conveyance, and treatment solutions for public water agencies, private utilities, government entities, and commercial customers throughout the southwestern United States. The company owns approximately 70,000 acres in the Cadiz and Fenner Valleys of San Bernardino County featuring a major aquifer system; operates sustainable agriculture on up to 9,600 acres producing grain crops including alfalfa; provides water supply and storage through the Mojave Groundwater Bank project; offers water conveyance via a repurposed 220-mile Northern Pipeline extending from Cadiz to Bakersfield and a planned 43-mile Southern Pipeline connecting to the Colorado River Aqueduct; and delivers advanced water filtration technology through its subsidiary ATEC Water Systems LLC, which manufactures modular systems to treat impaired or contaminated groundwater sources such as PFAS, nitrates, and arsenic. Founded in 1983 and headquartered in Los Angeles, California, Cadiz partners with public agencies to capture native groundwater lost to evaporation, store imported surplus water including from the Colorado River, and promote water equity amid climate challenges. Recent developments include a October 2025 definitive agreement with Lytton Rancheria of California for up to $51 million in convertible financing as the first tranche for Mojave Groundwater Bank construction through newly formed Mojave Water Infrastructure Company; memoranda of understanding with EPCOR for 25,000 acre-feet per year water sales via the Southern Pipeline and capital contributions, and with the U.S. Bureau of Reclamation for Colorado River augmentation; approval of a Northern Pipeline conversion addendum by the Fenner Valley Water Authority; advancement of up to $400 million private equity diligence for project funding targeting 2026 construction start; strong ATEC growth with Q3 2025 revenue of $4.0 million up 42% year-over-year and year-to-date shipments doubling to 308 systems; and progress on a RIC Energy partnership for green hydrogen production at Cadiz Ranch supported by 3,000 acres of solar development permitting in early 2026.