Construction of three new wells at Cadiz property slated to begin Q4 2022, increasing wellfield capacity to 36,000 acre-feet 

LOS ANGELES, Sept. 21, 2022 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") announced today that it will begin construction of three new groundwater wells at Cadiz Ranch in October and initial engineering study for the conversion of the Company's 220-mile oil and gas pipeline to transport water ("Northern Pipeline Project") has been completed.  Once the three new wells are constructed and come online in early 2023, Cadiz will have 12 wells in operation with a total capacity of 36,000 acre-feet of water per year (AFY), a 33% increase over the current wellfield production capacity of 27,000 AFY.