Judge Panel Unanimously Affirms all 6 Rulings of the Lower Court
Santa Margarita Water District is pleased with the Appellate Court opinion. The ruling removes legal uncertainties as we proceed with planning and facility design. SMWD is one step closer to expanding our water portfolio to include this innovative Water Project. We will continue to work with our partners to determine the next steps.
Press Release from Cadiz Inc.:
LOS ANGELES, CA – Today Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is pleased to report that this morning the California Court of Appeals has issued a ruling affirming Orange County Superior Court’s six judgements validating the approvals for the Cadiz Valley Water Conservation, Recovery & Storage Project.
“We are extremely grateful for the Appellate Court opinion and its validation of the environmental review and approval of the Water Project,” said Cadiz CEO Scott Slater.
The Company will provide further updates as soon as possible.
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. The Company is engaged in a combination of organic farming and water supply and storage projects at its properties and abides 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/.