The Cadiz Water Project is designed to provide a new, reliable water supply for approximately 400,000 people in Southern California without causing harm to the environment. After a multi-year public review, it was approved in 2012 in accordance with the California Environmental Quality Act, the nation's toughest environmental law. Planned exclusively for private land and a disturbed, existing railroad corridor, the public-private partnership is expected to generate a $1 billion dollar economic stimulus and create and support nearly 6,000 jobs. The nearly-shovel ready Project is widely supported by bi-partisan elected leaders, labor, agriculture and business communities and has been upheld against six separate challenges in California's Courts, including the California Court of Appeal in May 2016.About Cadiz Founded in 1983, Cadiz Inc. is a publicly-held renewable resources company that owns 70 square miles of property with significant water resources in Southern California. We maintain an organic agricultural development in the Cadiz Valley of eastern San Bernardino County, California and are partnering with public water agencies to implement the Cadiz Water Project. We abide by a wide-ranging "Green Compact" focused on environmental conservation and sustainable practices to manage its land, water and agricultural resources. For more information about Cadiz, visit http://www.cadizinc.com/. Safe Harbor Statement All statements in this press release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended While management has based any forward-looking statements included in this press release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to materially differ from such statements. Such risks, uncertainties and other factors include, but are not limited to, our ability to maximize value from our Cadiz, California land and water resources, our ability to meet our ongoing working capital needs, the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are to be detailed in our periodic and current reports available for review at www.sec.gov. Furthermore, we operate in a competitive environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.
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