|Bid||12.78 x 1100|
|Ask||13.20 x 1800|
|Day's Range||12.74 - 13.01|
|52 Week Range||8.53 - 13.15|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 29, 2019 - Sep 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.50|
Cadiz Inc. (NASDAQ: CDZI), a Los Angeles-based natural resources company that owns more than 70 square miles of property with water rights in Southern California, on Aug. 1 announced it had formed a 50/50 joint venture with the Glass House Group, a vertically integrated cannabis and hemp company, parent to Glass House Farms and its brands. The JV will operate under the name SoCal Hemp Co. and will focus on growing industrial hemp at a commercial scale. Kyle Kazan, Chairman and CEO of the Glass House Group, told Benzinga this is the first time a U.S.-based NASDAQ-listed company has formed a long-term relationship with a hemp and cannabis company.
Cadiz Inc. (CDZI), a natural resources leader dedicated to pursuing sustainable projects, announced it has entered into a joint venture (“JV”) partnership with Glass House Farms, a division of California Cannabis Enterprises (“CCE”), one of the largest, California State licensed, vertically-integrated cannabis and hemp companies in the U.S. 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.
Today, Cadiz Inc. (the “Company”) (CDZI) announced that California Governor Gavin Newsom signed Senate Bill 307 (“SB 307”), a measure designed to require additional review of the Cadiz Water Project by state agencies. “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.
Today, Cadiz Inc. (the “Company”) (CDZI) announced that the California State Assembly considered and passed Senate Bill 307 (“SB 307”), a measure designed to require additional state review of the Cadiz Water Project. California Governor Gavin Newsom has 12 days to either sign the measure or veto it.
Cadiz Inc. (“the Company”, NASDAQ:CDZI) is pleased to announce that eleven directors, including two new board members, were elected to the Company’s Board of Directors at the 2019 Annual Meeting of Shareholders held yesterday July 10, 2019. The two new board members, Maria Echaveste and Carolyn Webb de Macias, replace two retiring members, Ray Pacini and Tim Shaheen, who honorably served on the Board of Directors since 2005 and 1999, respectively.
Cadiz Inc. (CDZI) (the “Company”) is pleased to announce it has begun an experimental commercial hemp research program at its agricultural property in Cadiz, California, in the Mojave Desert approximately 100 miles northeast of Palm Springs. The trial program will inform the potential for large-scale commercial production of hemp, a newly legalized and innovative crop, at Cadiz and in other desert environments. “We are enthusiastic about the opportunities presented by the commercial production of hemp at Cadiz, where we offer an ideal location for this highly sought-after crop,” said Cadiz Inc. CEO and President Scott Slater.
Cadiz Inc. (CDZI) (the “Company”) announced today that its Board of Directors has nominated two prominent Californians, Maria Echaveste and Carolyn Webb de Macías, to stand for election as directors at its upcoming 2019 Annual Meeting of Stockholders. The Annual Meeting will be held this summer and the Company expects to distribute its meeting materials, including the Proxy Statement and ballot, next month. “I am extremely pleased that our Board has nominated Maria and Carolyn to join the Company’s Board of Directors.