Zoned Pptys Inc Stock Price, News & Analysis

Zoned Properties (OTCQB: ZDPY) announced its acquisition of a $4.3 million investment property in Pleasant Ridge, Michigan, designated for a cannabis retail dispensary operated by NOXX Cannabis. This long-term, absolute-net lease agreement is expected to yield a 13.5% cap rate over the lease's term, with annual rental increases of 3%. The investment strengthens Zoned Properties' portfolio and marks its entry into the Michigan market, leveraging $1.85 million in seller financing to optimize capital. The company continues to focus on real estate for emerging industries, particularly cannabis, promoting a value-add investment strategy.

Zoned Properties (OTCQB:ZDPY), a leader in real estate development for cannabis and other regulated industries, will present at the Planet MicroCap Showcase: VIRTUAL 2022 on December 7, 2022, at 11:00 AM EST. CEO Bryan McLaren will lead the presentation. The company has reported a 60% revenue growth year-over-year and secured a $4.5 million debt facility for new property investments. Zoned Properties maintains a clean capital structure with only 12.2 million shares outstanding and continues to generate positive cash flow as it expands its operations.

Zoned Properties (OTCQB:ZDPY) announced a Lease Amendment and Assignment for its Tempe Property, granting operational control to Green Dot Labs. The agreement includes a one-time payment of $300,000 and a tenant commitment of $3 million for property improvements. Green Dot Labs, a prominent cannabis brand, will establish its Arizona operations at this site, expanding its footprint beyond Colorado. This partnership aims to enhance Zoned Properties' tenant roster and increase the value of its investment in the rapidly growing cannabis industry.

Zoned Properties (OTCQB:ZDPY) reported significant financial growth for the nine months ending September 30, 2022, with a 60% total revenue increase, reaching $2,052,341, and a 100% growth in real estate services. The company secured a $4.5 million debt facility to enhance property acquisitions. However, operating expenses rose by 69.1%, leading to a net loss of $142,087, compared to $54,236 the previous year. Cash decreased to $842,115 from $1,191,940 at year-end, reflecting investments and payments.

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.