Zoned Pptys Inc - ZDPY STOCK NEWS

Zoned Properties (OTCQB: ZDPY) announced CEO Bryan McLaren will speak at the Benzinga Cannabis Capital Conference on April 20, 2022, in Miami Beach, Florida. The event focuses on trends in the cannabis market, featuring discussions on Property Technology (PropTech) innovations that aim to address challenges in identifying compliant real estate for cannabis operations. Zoned Properties is also expanding its network by joining the Arizona Dispensary Association, which will enhance its influence and advocacy in the cannabis real estate sector.

Zoned Properties (OTCQB: ZDPY), a key player in real estate for the cannabis industry, is expanding its brokerage services across the U.S. by partnering with RIPCO Real Estate. This collaboration aims to enhance real estate transactions for cannabis businesses in major markets, particularly New Jersey and New York. Since launching its brokerage in 2021, Zoned Properties has completed over $50 million in transactions and identified over 100 cannabis-zoned properties nationally. The company focuses on navigating the complex regulatory landscape to facilitate successful real estate deals.

Zoned Properties, Inc. (OTCQB: ZDPY) reported a 49.8% revenue growth year-over-year, totaling $1.82 million for 2021. Operating expenses rose to $1.78 million. The company generated $489,257 from operations, a significant 188% increase from the previous year. Q4 2021 revenues reached $537,211, while net loss was $111,583 compared to net income in Q4 2020. Cash on hand remained strong at $1.19 million as of December 31, 2021. Management highlights efforts to expand into new cannabis markets nationally.

Zoned Properties, Inc. (OTCQB: ZDPY) appointed Jody Kane to its Board of Directors, enhancing its leadership team with expertise in capital markets, real estate, and the cannabis sector. CEO Bryan McLaren emphasizes the strategic growth and value creation potential for Zoned Properties as it capitalizes on opportunities in the regulated cannabis real estate market. Kane, co-founder of Diamond Bridge Capital and a former board member of Grow Generation Corp. (Nasdaq: GRWG), brings significant investment management experience that is expected to support the company's mission and expansion strategies.

Zoned Properties, Inc. (OTCQB: ZDPY) announced a significant amendment to its lease agreement for the Chino Valley cultivation facility. Effective March 1, 2022, the company anticipates a year-over-year increase in base rental revenue from $393,600 to $1,050,970, a 167% rise. The lease adjustment includes a rent increase from $0.82 to $0.90 per square foot and a monthly payment boost from $55,195 to $87,580. Additionally, over $8 million has been invested by the tenant, enhancing revenue potential further through possible future expansions with a plan for an additional 60,000 square feet.

Zoned Properties, Inc. (OTCQB: ZDPY) reported a 28% increase in revenue to $387,365 for Q3 2021, driven by higher rent and brokerage revenues. However, operating expenses surged by 77% to $440,816, leading to a loss from operations of $(53,451). For the nine months ended September 30, 2021, revenue grew 41.6% while operating expenses increased by 36.7%. The company ended the period with cash of $1,090,682 and positive cash flow from operations of $387,999.

Zoned Properties® (OTCQB: ZDPY), a leader in real estate for regulated industries, announces participation in key cannabis conferences. CEO Bryan McLaren and COO Berekk Blackwell will present at Benzinga’s Cannabis Capital Conference on October 15 in New York City, highlighting ZDPY's growth strategies in various services including Advisory and Brokerage. The team will also attend MJBizCon in Las Vegas from October 19-22. Additionally, Senior Advisor Kristi Buechler will moderate a panel at the Women in Cannabis Expo on September 28 in Reno, NV, emphasizing women's roles in the cannabis industry.

Zoned Properties has announced a significant lease amendment for its cultivation facility in Chino Valley, Arizona. Effective September 1, 2021, rental payments will increase by 68%, rising from $32,800 to $55,195 monthly, with operational space expanding from 40,000 to 67,512 square feet. The expansion is part of a projected demand increase due to Arizona's adult-use marijuana program, which may push demand beyond $1 Billion. Future expansions are also planned, potentially increasing annual rental revenue significantly.

Zoned Properties (OTCQB: ZDPY) reported strong financial results for Q2 and the first half of 2021. Revenue surged by 83% to $550,064, attributed to increased rent and brokerage revenues. Operating expenses rose 41.5% to $410,411, mainly due to brokerage commission payouts. Income from operations saw a significant jump to $139,653, and the company posted a net income of $112,594, marking a turnaround from a net loss of $18,927 in Q2 2020. Cash reserves climbed to $1,031,316, demonstrating solid liquidity.