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Cadiz Inc. Points Assertion on New Lawsuits from Opponents of Water Entry Focusing on Firm’s Repurposing of Idle Oil & Fuel Pipeline

Lawsuits by Development Opponents Search to Undercut the Wants of Communities in Underserved Space of California and Deny their Use of an Idle, Present Pipeline to Convey Water for the Public BenefitLOS ANGELES, March 23, 2021 (GLOBE NEWSWIRE) — Cadiz Inc. (“the Firm”, NASDAQ:CDZI), a California enterprise devoted to sustainable water and agricultural tasks, reported that two lawsuits have been filed right this moment in federal court docket by longtime litigants of its Cadiz Water Undertaking, together with the Heart for Organic Range, Sierra Membership and Nationwide Parks Conservation Affiliation, difficult the US Bureau of Land Administration’s current project and grant of right-of-way permits to the Firm to convey water, oil or pure fuel over BLM-managed lands in an present idle 217-mile pipeline acquired by the Firm from El Paso Pure Fuel (“EPNG”). Underneath agreements with EPNG first entered in 2011, Cadiz has sought to amass the idle pipeline for the aim of augmenting east-west water conveyance alternatives alongside this underserved, rising space of California. Cadiz Inc. will not be a named occasion within the lawsuits. The Firm issued the next assertion: “Whereas we is not going to touch upon the pending litigation to which we aren’t a named occasion, we’re deeply saddened however not shocked by the newest makes an attempt by opponents of latest water provide to delay and hinder federal permits that might increase California’s water provide infrastructure, particularly because the State is staring down one other drought and continues to have greater than 1 million individuals with out dependable entry to wash water. The events that filed the lawsuits have repeatedly filed authorized challenges to permits granted for Cadiz’s water tasks and Cadiz has prevailed in every of the six circumstances, at trial and on enchantment. In addition they routinely oppose nearly each water provide and infrastructure mission in California. These opponents callously disregard the wants of communities benefitted by improved entry to wash, dependable water provides of their relentless efforts to disclaim financial alternative, truthful housing, and reasonably priced water to all Californians. Quite than brazenly oppose reasonably priced housing, they disguise behind pretextual environmental claims. On this occasion, Cadiz has been working for 5 years to prepared an idle, already constructed oil and fuel pipeline to make use of for the higher environmental objective of transporting wanted water between deprived and underserved communities in Inland California. A necessity acknowledged by all. Repurposed for water transportation, the idle oil and fuel pipeline that’s already within the floor has the potential to learn tens of hundreds of individuals. Any particular exercise to convey water within the line can be topic to all relevant state and federal legal guidelines. Members of the organizations funding these lawsuits and spreading the misinformation concerning the pipeline’s use ought to be ashamed of the frivolous spending of their dues to fund assaults on water entry in California. Cadiz is assured that the 2 lawsuits that have been filed right this moment difficult BLM’s selections are with out benefit and can proceed its efforts whole-heartedly to make the present pipeline out there to communities in want.” About Cadiz Inc. Based in 1983, Cadiz Inc. (NASDAQ: CDZI) is a California enterprise devoted to sustainable water and agricultural tasks. We personal 70 sq. miles of property with important water sources in Southern California and are the most important agricultural operation in San Bernardino, California, the place we have now sustainably farmed because the 1980s. We’re additionally partnering with public water companies to implement the Cadiz Water Undertaking, which was named a High 10 Infrastructure Undertaking that over two phases will create a brand new water provide for about 400,000 individuals and make out there as much as 1 million acre-feet of latest groundwater storage capability for the area. Guided by a holistic land administration plan, we’re devoted to pursuing sustainable tasks and working towards accountable stewardship of our land, water and agricultural sources. For extra data, please go to Contact:Courtney DegenerCadiz [email protected] FORWARD LOOKING STATEMENT: This launch incorporates forward-looking statements which can be topic to important dangers and uncertainties, together with statements associated to the long run working and monetary efficiency of the Firm and the financing actions of the Firm. Though the Firm believes that the expectations mirrored in our forward-looking statements are cheap, it may give no assurance that such expectations will show to be right. Elements that might trigger precise outcomes or occasions to vary materially from these mirrored within the Firm’s forward-looking statements embrace the Firm’s means to maximise worth for Cadiz land and water sources, the Firm’s means to acquire new financing as wanted, the receipt of further permits for the water mission and different components and concerns detailed within the Firm’s Securities and Change Fee filings.

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