Cadiz Announces Completion of Wellfield Expansion to 36,000 Acre-feet per Year

Provided By PR Newswire

Last update: Apr 6, 2023

Salton Sea Authority Also Approves Contract for 5,000 Acre-feet of Cadiz Water Supply

LOS ANGELES, April 6, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company"), a clean water solutions company, announced that it completed construction of three new groundwater wells at the Cadiz Ranch increasing the wellfield to 12 production wells with an annual capacity of 36,000 acre-feet of water per year (AFY). With the new wells online, the Cadiz Ranch wellfield will have sufficient capacity to deliver the full volume of the Company's Northern Pipeline, or 25,000 AFY, and also continue to support current agricultural operations at the Cadiz Ranch.