Zoned Pptys Inc Stock Price, News & Analysis

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.

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.