Company Overview

Cadiz Inc. is a U.S.-based land and water resources company focused on developing water supply, storage, and conservation solutions in arid regions, primarily within California. The company operates at the intersection of water infrastructure, environmental resource management, and sustainable land use, with activities centered on groundwater banking, water conveyance, and agricultural land management. Cadiz Inc.’s core strategy is to monetize long-lived water and land assets through long-term contracts with municipal, industrial, and agricultural customers.

The company’s primary revenue drivers include water supply and storage agreements, leasing of land for agricultural production, and development rights associated with water conveyance infrastructure. Cadiz Inc. serves public water agencies, utilities, and agricultural operators seeking reliable water sources amid chronic water scarcity in the U.S. Southwest. Its strategic advantage lies in its ownership of a large, contiguous land position over a groundwater basin with adjudicated or managed water rights, combined with proximity to existing regional transportation and utility corridors. The company was founded in 1983 and initially focused on agricultural development before evolving into a water-focused infrastructure and resource management company as drought conditions and regulatory changes reshaped California’s water market.

Business Operations

Cadiz Inc. conducts its operations through several integrated business lines centered on water resources and land management. Its principal activities include groundwater supply and storage projects, water conveyance development, and agricultural land operations. The company owns significant landholdings in the Cadiz and Fenner Valleys and controls groundwater assets intended for long-term storage and recovery under regulated water management frameworks. Revenue generation is primarily project-based and contract-driven rather than volume-based commodity sales.

Operations are predominantly domestic, with all material assets located in the United States. The company controls infrastructure rights associated with rail and utility corridors that are intended to support water conveyance systems. Cadiz Inc. operates through subsidiaries including Cadiz Valley Water Conservation, Recovery and Storage Project entities and landholding subsidiaries that manage agricultural leases. The company has historically pursued partnerships with public water agencies and infrastructure operators; however, the scope and timing of certain large-scale projects have been subject to regulatory approvals and legal review, and some project milestones remain contingent on external decisions.

Strategic Position & Investments

Cadiz Inc.’s strategic direction is focused on positioning itself as a long-term water asset owner and operator in water-stressed regions. Growth initiatives emphasize the development of groundwater banking and storage facilities that align with California’s Sustainable Groundwater Management Act framework, as well as the expansion of conveyance solutions that connect remote water resources to urban demand centers. The company also continues to evaluate complementary land uses, including renewable energy and conservation-oriented projects, where these align with its core asset base.

The company’s investment activity has largely centered on advancing its internally developed water projects rather than large-scale third-party acquisitions. Notable investments include capital expenditures related to environmental studies, infrastructure design, and regulatory compliance for its water storage and conveyance initiatives. Cadiz Inc. also maintains interests in agricultural operations and has explored emerging sectors such as clean energy development on its landholdings, though the material financial impact of these initiatives remains limited based on publicly available disclosures.

Geographic Footprint

Cadiz Inc.’s operations are concentrated in Southern California, specifically within the Mojave Desert region of San Bernardino County, where it owns tens of thousands of acres of land. The company’s headquarters are located in Los Angeles, California, while its physical assets and water resources are situated inland near major transportation corridors serving Southern California markets.

Although the company does not maintain international operations, its assets are strategically positioned to serve some of the largest municipal and industrial water markets in the western United States. Cadiz Inc.’s geographic influence is therefore regional rather than global, with its business model tightly linked to California’s regulatory environment, hydrology, and long-term water demand dynamics.

Leadership & Governance

Cadiz Inc. was founded by Keith Brackpool, who continues to play a key role in the company’s governance and strategic direction. Leadership emphasizes long-duration asset ownership, regulatory compliance, and positioning water resources as critical infrastructure. The management team has backgrounds spanning real estate, infrastructure development, water policy, and capital markets.

Key executives include:

• Scott Slater – President and Chief Executive Officer
• Keith Brackpool – Chairman of the Board
• Lee McCabe – Chief Financial Officer
• George Blosser – Vice President of Operations
• Dan Kahan – General Counsel and Corporate Secretary

The board and management team collectively articulate a strategy focused on disciplined capital deployment, long-term contracting, and alignment with public-sector water management objectives.