Zoned Pptys Inc Stock Price, News & Analysis

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.

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.

Zoned Properties, Inc. (OTCQB: ZDPY) has appointed Berekk Blackwell as Chief Operating Officer. Blackwell previously served as Director of Business Development, driving operational expansion. His experience includes developing markets for Kahala Brands and overseeing emerging brand operations for private equity groups. As COO, Blackwell will lead various divisions within Zoned Properties, enhancing its services for complex real estate projects, particularly in regulated industries. CEO Bryan McLaren emphasized Blackwell's integral role in the company's growth strategy.

Zoned Properties, Inc. (OTCQB: ZDPY) announced an update to its growth model, enhancing services for the cannabis industry. The firm is introducing a 'flywheel model' encompassing Advisory, Brokerage, Franchise, and PropTech Data Services. This model aims to streamline cannabis real estate development and investment. Notably, Zoned Properties has secured at least $8 million in capital improvements for its Chino Valley property, projecting an increase in rental revenue upon lease amendment. By leveraging its expertise, the company positions itself for potential shareholder dividends.

Zoned Properties, Inc. (OTCQB: ZDPY) reports a 13.8% revenue increase to $345,845 for Q1 2021, from $303,869 in Q1 2020, driven by higher rental revenue from a significant tenant. Operating expenses rose 5% to $389,213. Loss from operations decreased by 35% to $43,368, while net loss improved to $71,335, or $0.01 per share. The company expects a material increase in rental revenue upon the completion of its Arizona expansion projects, with $8 million already committed for infrastructure growth.

Zoned Properties (OTCQB: ZDPY) has announced its investment in two new PropTech Data Project teams aimed at enhancing real estate solutions for regulated industries like cannabis. The projects focus on integrating Geographic Information Systems (GIS) for property identification and addressing consumer needs in brick-and-mortar retail. CEO Bryan McLaren emphasized the importance of these initiatives to streamline complex real estate development, leveraging data to meet the growing demands of the regulated cannabis market. Further updates on the projects are anticipated as they prepare for market launch.

Zoned Properties, Inc. (OTCQB: ZDPY), a real estate development firm focused on the regulated cannabis industry, announced its financial results for 2020. Revenues decreased slightly to $1.22 million from $1.26 million in 2019. Operating expenses reduced to $1.18 million, contributing to positive cash flow with $699,000 in cash at year-end. Notably, the company secured an $8 million commitment from its tenant for infrastructure expansion in Arizona and invested $200,000 in cannabis franchisor The Open Dør. These initiatives are expected to enhance rental revenue and operational readiness by mid-2021.

Zoned Properties, Inc. (OTCQB: ZDPY) has increased its investment in The Open Dør, a national cannabis retail franchisor, by $100,000, raising its total investment to $200,000. This investment includes a 6.5% interest rate and matures in March 2025, with an option to convert to an equity stake of up to 33%. The partnership allows Zoned Properties to benefit from franchise fees and sales as The Open Dør expands. CEO Bryan McLaren expressed confidence in growth opportunities from this strengthened relationship.