Cadiz signs agreement with san bernardino county and water project agencies to reserve water supply for desert communities

Cadiz, ca., nov. 2, 2023 /prnewswire/ -- cadiz, inc. (nasdaq: cdzi/cdzip) announced today that the company entered into a binding agreement with san bernardino county, santa margarita water district ("smwd") and fenner gap mutual water company to provide priority rights to water supply from the cadiz water conservation and storage project ("cadiz project") to public water systems serving san bernardino county communities. the new agreement, approved first by the san bernardino county board of supervisors on october 24, 2023, amends the 2012 memorandum of understanding ("mou") between cadiz, the county and smwd governing groundwater management for the cadiz project in the eastern mojave desert.
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