ZONED PROPERTIES INC - ZDPY STOCK NEWS

Zoned Properties (OTCQB:ZDPY), a real estate development firm, has announced participation in several industry events before the end of 2022. CEO Bryan McLaren will present at the KCSA Cannabis Virtual Investor Conference on October 27 and at MJBizCon from November 15-18 in Las Vegas. The firm plans to discuss cannabis investment opportunities at these conferences, alongside other notable events throughout the year. McLaren emphasized the importance of engaging with investors during a pivotal time for the cannabis industry and related real estate investments.

Lev, a commercial real estate financing platform, has successfully closed over $40 million in cannabis CRE loans and has an additional $50 million in the pipeline. The company’s unique technology facilitates faster loan closures and competitive funding in the complex cannabis market. Recent transactions include a $16.8 million loan in Massachusetts and a national portfolio deal worth $15 million. Lev aims to provide optimal pricing, with interest rates starting at 4.5%, showcasing its ability to navigate regulatory challenges effectively.

Zoned Properties (OTCQB: ZDPY) reported a 60.4% year-over-year revenue growth for the six months ending June 30, 2022, reaching $1.44 million. However, the company reported a net loss of $64,759 compared to a net income of $41,259 for the same period in 2021. For Q2 2022, revenues decreased by 9.3% to $498,652, while operating expenses rose by 23.7%. The company secured a $4.5 million debt facility to enhance its acquisition capabilities.

Zoned Properties, Inc. (OTCQB: ZDPY) has secured a $4.5 million debt facility against its Tempe property, representing a 50% loan-to-value ratio. The Tempe property accounts for 33% of the company's rental revenue. The facility features a 6-year term with a variable interest rate starting at 7.00% and a fixed rate of 7.25%. Plans for the capital include further property investments and acquisitions to expand their portfolio. This funding signals growing access to capital for businesses in the cannabis industry, positioning Zoned Properties for potential growth.

Zoned Properties (OTCQB: ZDPY) announces a strategic investment of $50,000 in Anami Technologies, which launched the innovative PropTech platform GreenSpace for the cannabis sector. The partnership aims to enhance real estate services for legalized cannabis businesses, addressing complex project challenges. GreenSpace is currently in the revenue stage, with usage among over 15 cannabis operators and major brands like Cookies and Stiiizy. The collaboration could significantly improve operational efficiency and compliance for cannabis companies.

Zoned Properties (OTCQB: ZDPY) has announced the public listing of a 1,000,000 square foot cannabis facility in Utica, New York. This facility, positioned on 60 acres, is available for sale or lease, featuring fully approved zoning and significant local support. The site is equipped with 20,000 amps of power and city water and sewer services, enabling quick-to-market operations. The company's advisory team is ready to assist potential cannabis operators, highlighting the property's strategic advantages in the rapidly growing cannabis industry.

Zoned Properties, Inc. (OTCQB: ZDPY) appointed Daniel Gauthier as Chief Legal Officer to enhance legal, compliance, and business systems for national expansion. Previously an attorney at Rose Law Group, he has experience in corporate, commercial, and real estate transactions, particularly in regulated markets like cannabis. Gauthier aims to lead the company's growth strategy with robust governance measures. This structural enhancement reflects Zoned Properties' commitment to scaling its commercial real estate development model effectively.

Zoned Properties (OTCQB: ZDPY) reported remarkable 171% revenue growth year-over-year for Q1 2022, achieving $938,701 compared to $345,845 in Q1 2021. Operating expenses surged to $929,183, up 138.7% from the previous year. The company experienced a reduced net loss of $25,696 against $71,335 in Q1 2021. As of March 31, 2022, cash reserves stood at $787,918, reflecting a significant investment in the Chino Valley Cultivation Facility. The firm is focusing on property technology as a catalyst for national expansion.