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Zoned Properties Inc (OTCQB: ZDPY) is a premier real estate development firm focused on emerging and highly regulated industries, particularly the legalized cannabis sector. Based in Scottsdale, Arizona, the company is renowned for its expertise in identifying, developing, and leasing sophisticated, safe, and sustainable properties. Zoned Properties' core mission is to transform commercial real estate through its integrated growth services, including Property Technology, Advisory Services, Commercial Brokerage, and Investment Portfolio divisions.
The company has a strong reputation for addressing unique zoning challenges and creating solutions that significantly enhance property value and cash flow. As an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council, Zoned Properties is committed to excellence and sustainability in its operations.
Zoned Properties does not engage in the growing, harvesting, selling, or distribution of cannabis or any other substances regulated under U.S. law. Instead, it focuses on acquiring commercial properties that can be rezoned and leased to top-tier cannabis retailers. Recent achievements include robust financial performance in the second and third quarters of 2023, strategic acquisitions in Illinois and Arizona, and the listing of a non-core asset for $16 million to pursue direct-to-consumer real estate strategies.
With a clear focus on shareholder value, Zoned Properties has announced a share repurchase program and continues to leverage its national services network and property technology to identify lucrative investment opportunities. The company’s strategic capital allocation and strong balance sheet position it well for continued growth in the burgeoning cannabis real estate market.
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
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
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
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.
Zoned Properties, Inc. (OTCQB: ZDPY) announced the expansion of its leadership team with the appointment of Patrick Moroney as Director of Real Estate and Joseph Lewis as Designated Broker. These new additions aim to enhance the firm’s brokerage services for regulated industries, including cannabis. Moroney brings extensive experience in regulated cannabis projects, while Lewis will manage regional real estate professionals. This strategic hiring supports operational growth across brokerage, advisory, franchise, and PropTech services, with a continued focus on increasing shareholder value.
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