- Zoned Properties in January 2024 acquired an investment property in Chicago and signed a long-term lease agreement for Justice Cannabis Co. to operate a retail dispensary there
- The company reported revenues of $720,450 for the quarter ended September 30, 2023, compared to $614,988 for the same quarter in 2022, an increase of 17.2%
- Zoned Properties reported net income of $114,523 for the September 2023 quarter, compared to a net loss of $77,328 for the same quarter a year earlier
- The company continues to build out its proprietary cannabis technology platform, REZONE, in preparation for commercial launch
- Zoned Properties in August 2022 closed a debt financing deal on its Tempe, Arizona, property by securing an initial debt facility of up to $4.5 million at a 7.65% interest rate through a commercial real estate lender
- Since 2021, Zoned Properties Brokerage has closed over $80 million of commercial real estate deals nationally for clients
Zoned Properties (OTCQB: ZDPY) is a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States. The company aspires to innovate within the real estate development sector, focusing on direct-to-consumer real estate that is leased to best-in-class cannabis retailers.
The company is redefining the approach to commercial real estate investment through its standardized investment process backed by its proprietary property technology. Zoned Properties has developed a national ecosystem of real estate services to support its real estate development process, including a…
NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY
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