 Cadiz Inc. NASDAQ: CDZI, a Los Angeles-based natural resources company that owns more than 70 square miles of property with water rights in Southern California, on Aug. 1 announced it had formed a 5050 joint venture with the Glass House Group, a vertically integrated cannabis and hemp company, parent to Glass House Farms and its brands. The JV will operate under the name SoCal Hemp Co. and will focus on growing industrial hemp at a commercial scale. Kyle Kazan, Chairman and CEO of the Glass House Group, told Benzinga this is the first time a U.S.-based NASDAQ-listed company has formed a long-term relationship with a hemp and cannabis company. 