Central Arizona Irrigation And Drainage District And Cadiz Execute MOU For Purchase And Sale Of Up To 10K AFY Of New Water Supply From Mojav

CAIDD and Cadiz Inc. execute MOU for new water supplies to support long-term water reliability in Arizona PHOENIX and CADIZ, Calif., July 2, 2026 /PRNewswire/ -- Central Arizona Irrigation and Drainage District ("CAIDD") and Cadiz, Inc. (NASDAQ: CDZI, CDZIP))) today announced execution of a Memorandum of Understanding ("MOU") for the purchase and sale of up to 10,000 acre-feet per year ("AFY") of new water supply from Cadiz's Mojave Groundwater Bank in San Bernardino County, California. The MOU represents the first agreement for water supply from the Mojave Groundwater Bank with an Arizona water district and provides access to a new source of water supply for Arizona at a time when prolonged drought and shortages are expected to reduce deliveries of Colorado River water to farms, communities, businesses, and tribes throughout the Lower Basin. CAIDD is one of central Arizona's largest...