More Than Just Green: Zoned Properties Inc. (ZDPY) Experts in Complexities of Opening a Cannabis Dispensary

With cannabis legalization exploding nationwide, there are now over 19,500 incorporated U.S. cities, town, and villages that will govern local cannabis regulations
Zoned Properties is comprised of a team of experts in cannabis zoning codes utilizing proprietary technology to identify premium cannabis dispensary locations
Focused on its dispensary landlord model, the company has listed its largest cultivation property in Arizona for sale for $16 million

The cannabis industry is flourishing, but opening a dispensary isn’t a walk in the park. Aspiring entrepreneurs face a maze of regulations and considerations beyond simply having a quality supply chain.

Unprecedented Geographic Growth

California sparked the green wave in 1996 by becoming the first state to legalize medical marijuana. Fast forward 16 years, and Colorado and Washington shattered another barrier in 2012, allowing recreational cannabis use. Since then, the domino effect has been undeniable, with 38 states now permitting medical marijuana and 24 embracing recreational use.

In 2010, public approval for legal cannabis was just 32%. Today, with industry sales nearing $40 billion annually, approval is 91%. With that, there are now over 19,500 incorporated U.S. cities, town, and villages that will govern local cannabis regulations.

Zoning Laws and Location

Unlike many businesses, cannabis dispensaries are heavily restricted by state and local zoning ordinances. Understanding these complex regulations is crucial. Some areas completely ban dispensaries, while others have strict limitations on location. Navigating these restrictions can be a minefield, requiring expertise in real estate and community planning codes.

Not long after Colorado and Washington made history, Zoned Properties (OTCQB: ZDPY) was formed for the purpose of capitalizing on the real estate component of the burgeoning cannabis market. The company assembled a team of real estate experts specialized in different market nuances and undergirded their experience by developing a cutting-edge technology that differentiates Zoned Properties from anyone else in the industry.

The history and future of the company is brilliantly summarized in a recent Bell2Bell podcast with Zoned Properties CEO and Chairman Bryan McLaren.

Knowing Your Market

Finding the right location goes beyond zoning. Just because marijuana is legal doesn’t mean there’s specific demand. Demographics, traffic patterns, and competitor saturation all influence success. Data analysis and market research are crucial to ensure a dispensary caters to a viable customer base.

Zoned Properties’ proprietary technology plots every parcel of land in every legal cannabis state to know the codes and zoning at every location. Furthermore, the system identifies areas of high consumer demand and low supply. In other words, a perfect location for a dispensary.

Zoned Properties doesn’t just find properties; they transform them. Their team of real estate and community planning experts navigate the complex world of zoning regulations to obtain “special use”, or “conditional use” permits necessary for properties to operate as cannabis dispensaries. This entitlement significantly increases a property’s value.

The Cannabis Friendly Landlord

The business model has changed some over the years, with ZDPY management identifying the best way to build value is through owning and renting dispensaries via long-term absolute-net lease agreements. To that end, the company intends to fill its coffers by positioning to sell its largest cultivation property in Chino Valley, Arizona, which it recently listed for $16 million.

In its March 2024 corporate presentation, Zoned Properties said it had $3.1 million in cash on hand. Add in another $16 million and that is an anomaly of cash for a company with a market capitalization around only $7 million.

The dilution-free capital from the sale will be deployed to continue aggressive dispensary expansion into states exploding with growth and demand, including Ohio and Illinois.

For more information, visit the company’s website at www.ZonedProperties.com.

NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY

About CannabisNewsWire

CannabisNewsWire (“CNW”) is a specialized communications platform with a focus on cannabis news and the cannabis sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled recognition and brand awareness. CNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is powered by IBN

Zoned Properties Inc. (ZDPY) Emerges as a Crucial Partner for the Cannabis Industry; Announced Planned $1 Million Share Buyback

Cannabis retail dispensaries in Arizona have grown to upwards of 168 locations as of January 2024
Nonetheless, only 1% of Arizona’s commercial properties are eligible for use by the cannabis industry
Zoned Properties has been a key partner for the industry in helping cannabis companies establish a physical retail presence
The company has recently announced the approval of a $1 million share buyback plan

The legalized sale of recreational cannabis in Arizona has grown from strength to strength. Possession and cultivation of cannabis across the state became legal on November 30, 2020, with the state-licensed sale of recreational cannabis commencing on January 22, 2021 making Arizona the quickest state in U.S. history to begin retail sales post recreational legalization. Cannabis sales in the state drove over $1.4 billion in revenues in 2023, with the number of dispensaries swelling to 292 as of January 2024 (https://cnw.fm/UyEP2). Nevertheless, further expansion for the industry is easier said than done; at present, only 1 percent of Arizona’s commercial real estate properties are applicable to cannabis operators, imposing a further constraint on the growth and development of the state’s cannabis retail market.

Zoned Properties (OTCQB: ZDPY), a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States, has been amongst the early leaders in facilitating the transition of the cannabis industry towards the physical retail space. The company maintains a portfolio of six investment properties located across Arizona, Michigan and Illinois; with each of its leased properties occupied by commercial cannabis-linked businesses, the company currently enjoys a 100% occupancy rate with a weighted average lease term of over 10 years.

Zoned Properties has been amongst the leaders in identifying and procuring registered cannabis facilities, which can subsequently be sub-leased to the cannabis industry. Bryan McLaren, Chairman and CEO of Zoned Properties elaborated on the company’s methodology during a recent interview with the Bell2Bell podcast (https://cnw.fm/DSBPc).

“Our company and our team go into these state marketplaces and we identify, qualify and get these properties approved that can be utilized as regulated cannabis facilities. In the best-case scenario, what we’re doing is securing a piece of retail real estate – an old bank, an old restaurant, an old quick service retail location – getting that property approved to be used as a cannabis site called a retail dispensary and leasing that property out to a third-party tenant with a cannabis license in that location under a long-term lease agreement.”

Zoned Properties’ unique business model has translated into a faster rate of operational growth, with the company recently revealing that it had acquired a further two sites for use as potential dispensary locations. Separately, the company has looked to combine its ambitious focus on growth with a desire to maximise total shareholder returns; Zoned Properties recently announced that its Board of Directors has approved a stock repurchase program, pursuant to which the company was authorized to purchase up to $1 million of its common stock over an unlimited time period (https://cnw.fm/wivYQ).

“As our business continues to outperform in a challenging overall operating environment, we are thrilled to announce this share repurchase program. The approval of this program demonstrates the management teams and board’s confidence in our prospects for the future, ongoing operational strength, and sound capital structure,” stated McLaren. “As we scale the investment portfolio, we are keeping conservative in our capital allocation strategy while also acknowledging the significant valuation gap between our public valuation and tangible book value. Due to this, it is crucial for us to be adaptable and make sure we are doing everything possible to increase shareholder value. As always, we remain committed in our strategic focus, and look forward to updating shareholders on our progress,” he continued.

For more information, visit the company’s website at www.ZonedProperties.com.

NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY

About CannabisNewsWire

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is powered by IBN

Zoned Properties Inc. (ZDPY) Advancing Initiatives Through the Cannabis Sector

The cannabis industry supports communities through job creation, tax revenue generation, social equity programs, and community outreach initiatives
ZDPY focuses on seizing direct-to-consumer real estate opportunities in the regulated cannabis market while enabling businesses to support the communities where they operate
ZDPY’s portfolio includes properties leased to licensed cannabis operators in Arizona, Illinois, and Michigan with 100% occupancy and a weighted average lease term of 10+ years
ZDPY anticipates more than $2.5 million from its property investment portfolio in 2024

The cannabis industry supports the community through job creation, tax revenue generation for essential services, social equity programs, philanthropic efforts, and community outreach initiatives. Additionally, it stimulates economic growth by attracting investment and revitalizing properties, ultimately contributing to community development and enhanced infrastructure.

Zoned Properties (OTCQB: ZDPY), a technology-driven property investment company, focuses on acquiring direct-to-consumer real estate opportunities in the regulated cannabis market while enabling businesses to support the communities they serve.

By investing in cannabis real estate projects and operating commercial properties leased to licensed cannabis operators, ZDPY indirectly contributes to job creation in its target areas. Further, ZDPY’s real estate development projects potentially lead to the revitalization of underutilized properties and the enhancement of local neighborhoods. By transforming properties to meet the needs of cannabis businesses, ZDPY potentially contributes to the overall improvement of community infrastructure and aesthetics.

ZDPY’s portfolio includes properties leased to licensed cannabis operators in Arizona, Illinois, and Michigan. Each project has 100% occupancy and a weighted average lease term of 10+ years, leading to estimates of more than $2.5 million in revenue for 2024.

Michigan has emerged as an example where the cannabis industry has made significant strides in community revitalization efforts. In 2023, the sector generated $87.1 million in excise tax revenue, leading to tangible improvements in public infrastructure (https://cnw.fm/ffXg6).

Municipalities are leveraging these funds for street enhancements and park rejuvenation projects, fueled by licensing fees that reflect the industry’s growth. “This period marks an unparalleled level of street advancement in half a century,” said Mike Burns, City Manager at Lowell, Michigan. With foliage not the only thing going green, the cannabis excise tax is hailed as a key contributor to this urban metamorphosis.”

Besides contributing to local infrastructure, many states have also integrated social equity programs within their cannabis regulations to address the historical injustices of the War on Drugs. With a focus on promoting diversity and inclusion, these programs provide support and resources to individuals from communities disproportionately affected by cannabis prohibition.

Social advocates can look forward to more progress as the industry expands. According to MJBizDaily, total sales of medical and recreational cannabis in the United States reached approximately $33.6 billion by year-end 2023 (https://cnw.fm/L8DMZ). Further estimates by the research group reveal that combined retail cannabis sales in the U.S. are poised to surpass $53.5 billion by year-end 2027, leading to unprecedented opportunities for real estate companies like ZDPY.

Based in Arizona, Zoned Properties is led by Chairman and CEO Bryan McLaren, whose expertise in sustainable community and real estate development spearheads the company’s unique strategy. As the cannabis industry continues to grow, ZDPY is strongly positioned to seize real estate prospects within the swiftly expanding retail cannabis market.

For more information, visit the company’s website at www.ZonedProperties.com.

NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY

About CannabisNewsWire

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is powered by IBN

CannabisNewsBreaks – Zoned Properties Inc. (ZDPY) Featured in Bell2Bell Podcast

Zoned Properties (OTCQB: ZDPY), a technology-driven property investment company for emerging and highly regulated industries, was featured in the latest episode of the Bell2Bell Podcast as part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. Bryan McLaren, chairman and CEO of Zoned Properties, joined the program to provide an overview of the company’s business model and how his experience translates into the regulated cannabis space. “Zoned Properties, based in Scottsdale, Arizona, is focused on real estate and the regulated cannabis industry. Zoned Properties is essentially a technology-driven property investment company. We look at state-by-state markets that have legalized and regulated cannabis – that’s a huge emerging and growing industry,” McLaren said in the interview. “Our company and our team go into these state marketplaces, and we identify, qualify and get these properties approved that can be utilized as regulated cannabis facilities.”

To view the full press release, visit https://cnw.fm/6ixKY

About Zoned Properties Inc.

Zoned Properties 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 the best-in-class cannabis retailers. Headquartered in Scottsdale, Arizona, Zoned Properties 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 model, including a commercial real estate brokerage and a real estate advisory practice. With a decade of national experience and a team of experts devoted to the emerging cannabis industry, Zoned Properties is addressing the specific needs of a modern market in highly regulated industries. The company targets commercial properties that face unique zoning or development challenges, identifies solutions that can potentially have a major impact on their commercial value, and then works to acquire the properties while securing long-term, absolute-net leases. Zoned Properties targets commercial properties that can be acquired and rezoned for specific purposes, including the regulated and legalized cannabis industry. It does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law. For more information, visit the company’s website at www.ZonedProperties.com.

NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY

About CannabisNewsWire

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is powered by IBN

Zoned Properties Inc. (ZDPY) Releases Positive FY2024 Annual Results Amid U.S. Cannabis Industry Boom

There are more cannabis dispensaries than McDonald’s outlets in the United States today, a reflection of the ongoing shift in consumer trends and legal frameworks across America
Over 74% of Americans now live in a state which permits either, the medical or recreational consumption of marijuana
Zoned Properties has emerged as an early leader in facilitating the transition of U.S. cannabis businesses towards developing a physical retail footprint with a portfolio of cannabis-focused investment properties across Arizona, Michigan and Illinois
The company recently updated the market with the release of a positive set of FY 2023 annual results

In 2019, McDonald’s launched a nationwide marketing campaign across the nation entitled, ‘Around the world is now around the corner’ (https://cnw.fm/BrsKg). Celebrating the fact that some of the chain’s most popular global offerings were now easily found in everyone’s local participating McDonald’s, the campaign hinged on the seemingly ubiquitous availability and presence of the restaurant’s outlets across the United States. Remarkably and in representation of America’s rapidly changing attitude towards cannabis today, the number of cannabis dispensaries dotted across the United States have now surpassed those of McDonald’s Corp restaurants, a reflection of the United States’ dramatic and ongoing evolution in consumer trends and legal frameworks.

A recent study by the Pew Research Center have revealed that over half of Americans now live in areas permitting recreational cannabis use, a statistic made even more noteworthy as it comes only twelve years after Colorado and Washington led a landmark decision towards legalizing marijuana usage. Meanwhile, 74 percent of Americans reside in states where marijuana use, whether for recreational or medical purposes, is now legal – a shift which has driven to the establishment of nearly 15,000 cannabis dispensaries nationwide (https://cnw.fm/vpqax).

“It’s all about location and good capitalization” explained Joe Lustberg, managing partner at Upwise Capital, which has been amongst the pioneers in financing the United States’ burgeoning cannabis industry. Retail has rapidly emerged as an essential sales vertical within the cannabis ecosystem, with cultivators and processors alike seeking viable outlets for their products.

Zoned Properties recently updated the market following the release of their annual financial results for 2023 (https://cnw.fm/Mobyi). The company revealed that top-line revenues had grown to $2.89 million in FY2023, representing an increase of 8.5 percent relative to the previous year. Meanwhile, operating expenses had marginally declined to $2.72 million compared to $2.77 million in FY2022, a year-over-year decrease of 1.9%. Zoned Properties also announced that its net losses had narrowed to $540,248 for the 2023 fiscal year, down from $574,355 the prior year.

Additionally, the company revealed that its operational results had enjoyed a marked acceleration in the latter half of the year, with fourth quarter 2023 revenues rising by 16.2 percent year over year with quarterly losses decreasing by -10.4 percent relative to the fourth quarter of 2022.

“As we reflect on our Full Year 2023 results and our recent strategic updates, it’s clear that Zoned Properties is firmly on a trajectory of sustainable growth and value creation,” said Bryan McLaren, Chief Executive Officer of Zoned Properties.

Furthermore, McLaren elaborated on the company’s decision to list its cultivation property located in Arizona’s Chino Valley for sale at a purchase price of $16 million; the proposed sale forms part of Zoned Properties’ ongoing move towards refocusing its efforts towards its core direct-to-consumer property assets, a shift which has seen the company recently acquire a further two investment properties for use as potential dispensary sites.

“The listing of our Chino Valley property is an important step unlocking the potential opportunity to raise significant non-dilutive capital and reflects our commitment to seizing market opportunities with a dedication to enhancing shareholder value,” he continued. “Our journey is guided by a clear vision: to utilize our property technology competitive advantages to drive scale and innovate within our industry, delivering tangible, long-term value to our shareholders. We’re excited about what the future holds and remain dedicated to our strategic growth path, and operational excellence as we move forward.”

For more information, visit the company’s website at www.ZonedProperties.com.

NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY

About CannabisNewsWire

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is powered by IBN

Building a Prosperous Future, Zoned Properties Inc.’s (ZDPY) Direct-to-Consumer Design in Cannabis Real Estate

Zoned Properties is a leader in cannabis real estate development, with a sophisticated PropTech stack to spearhead a direct-to-consumer real estate model
Zoned Properties reported a net profit of $114,523 during the quarter ended September 30, 2023
ZPDY has listed a property for sale at a price of $16 million, non-dilutive capital that will be used to continue to fund growth

The cannabis industry is experiencing explosive growth, but its infrastructure often lags behind. Green Zones – compliant locations and properly permitted real estate – are part and parcel to unlocking the industry’s full potential. This focus not only fuels the industry’s expansion by providing investment-ready properties, but also underscores a commitment to fostering responsible growth through community-focused infrastructure. Technology-driven companies like Zoned Properties (OTCQB: ZDPY) are playing a vital role as stewards of this green revolution.

Sowing Fertile Financial Ground

Zoned Properties’ acquires value-add real estate within the regulated U.S. cannabis industry with selective development innovation and aspirations to spearhead direct-to-consumer real estate leased to best-in-class cannabis retailers. The aptly named company has a deep understanding of all the hurdles and potholes to opening compliant cannabis operations and is now redefining the approach to commercial real estate investment through its standardized investment process backed by its proprietary property technology.

In its efforts, the company has developed a national ecosystem of real estate services to support its real estate development process, including a commercial real estate brokerage and a national real estate advisory practice. Zoned Properties is a non-plant touching company, meaning it does not engage in any cannabis cultivation, distribution, manufacturing or sale or any federally regulated products, focused only on the requisite real estate and consultation services.

Bridging Gaps

Traditional financial institutions historically have been hesitant to invest in cannabis ventures due to regulations keeping marijuana illegal at the federal level although legal in some form (fully, medical, decriminalized, or CBD with THC) in 46 states. Zoned Properties helps assuage fears and bridges gaps by supporting green spaces that cater specifically to the needs of cannabis businesses.

Beyond financial and operational hurdles, cannabis businesses must navigate a labyrinth of regulatory complexities, especially when it comes to real estate requirements.

Bryan McLaren, Chairman and CEO of Zoned Properties, is uniquely qualified in sustainable and local cannabis real estate development. He has been certified as a Licensed REALTOR, Green Roof Professional, LEED Green Associate, and has been an active Forbes Contributor as part of the Forbes Real Estate Council. LEED (Leadership in Energy and Environmental Design) is the gold standard in sustainability, with certification exemplifying expertise in sustainable building and operations principles and a commitment to making places healthier, greener, and more equitable for all.

This type of leadership attracts established players seeking to scale up and creates opportunities for smaller businesses to enter the market with confidence. A cascade effect emerges. Well-located and compliant facilities become magnets for investment, unlocking capital for further development and propelling industry-wide growth.

Funding for New Dispensaries

Zoned Properties is a bit of an anomaly in the OTC world. For starters, in the quarter ended September 30, 2023, ZDPY reported $720,450 in revenue and $114,523 in net income. The company not only has revenue, profits, and impeccable management, it has a portfolio to support growth without diluting shareholders. For instance, this month the company listed its cultivation property in Chino Valley, Arizona for sale at a purchase price of $16 million. As management prioritizes a direct-to-consumer real estate strategy, the legacy property is deemed non-core and slated for sale. “We believe that this strategic shift will position us to capitalize on the growing demand for retail dispensary properties in the cannabis real estate industry with strong cap rates creating long-term shareholder value,” said McLaren in a news release on the listing.

The company can allocate the capital for new opportunities, such as the transaction ongoing in Arizona. Zoned Properties is under contract to acquire an investment property in Surprise, Arizona after initial site work being completed by the selling developer. The company has parlayed that into revenue, via a long-term, absolute-net lease agreement with a best-in-class Arizona cannabis company, Sunday Goods, to operate a retail dispensary. An absolute-net lease agreement, also known as a triple-net lease (NNN lease) with a twist, is a commercial lease agreement where the tenant shoulders a significant burden of the property’s expenses.

Zoned Properties has centralized its properties so far to Arizona, Michigan, and Illinois, with intentions to expand the domain in 2024. The company can boast a 100% occupancy and a weighted average lease term over 10 years with a commercial cannabis tenant. Rental revenue is expected to exceed $2.5 million this year.

For more information, visit the company’s website at www.ZonedProperties.com.

NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY

About CannabisNewsWire

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is powered by IBN

Zoned Properties Inc. (ZDPY) Seizing Real Estate Opportunities in Growing Cannabis Industry

Cannabis industry retail opportunities growing amid evolving regulations, increasing consumer demand, and shifting public attitudes
Demand for specialized, direct-to-consumer properties includes dispensaries, manufacturing or processing centers, and distribution hubs
ZDPY is a technology-driven property investment company that focuses on securing direct-to-consumer real estate opportunities in the regulated cannabis market
ZDPY has recently secured and acquired investment properties in Michigan, Arizona, and Illinois with 100% occupancy and a weighted average lease term of 10+ years
All ZDPY properties are occupied by commercial cannabis tenants, company anticipates $2.5+ million from its property investment portfolio in 2024

Changing regulations and attitudes towards cannabis use are transforming the industry, leading to new opportunities in the real estate sector. Zoned Properties (OTCQB: ZDPY), a technology-driven property investment company, focuses on seizing direct-to-consumer real estate opportunities in the rapidly growing and regulated cannabis market.

Cannabis businesses are expanding significantly as regulations evolve, leading to an increased demand for specialized, direct-to-consumer properties that include dispensaries, manufacturing or processing centers, and distribution hubs. Real estate investors are capitalizing on this demand by acquiring properties for rental income generation while potentially realizing significant property value appreciation as the industry grows.

A case in point is Michigan, where investors, developers, and brokers swiftly pivoted to procure targeted property investments focusing on the needs of cannabis-specific businesses. Along with retail locations, other requirements in Michigan include warehouses, industrial spaces, and growing facilities (https://cnw.fm/Y3372).

In alignment with the evolving market, ZDPY has recently secured and acquired investment properties in Michigan, Arizona, and Illinois. All properties in ZDPY’s portfolio boast 100% occupancy and a weighted average lease term of 10+ years. Each leased property is occupied by a commercial cannabis tenant, and the company anticipates more than $2.5 million from its property investment portfolio in 2024.

Zoned Properties Brokerage has closed over $80 million of commercial real estate deals nationally since 2021. The company reported revenues of $720,450 for the quarter, ending September 30, 2023 – a 17.2% year-over-year increase. In addition, ZDPY reported a positive net income of $114,523 for the September 2023 quarter compared to a net loss of $77,328 last year.

ZDPY is also leveraging digital innovation through its proprietary cannabis technology platform, called REZONE. Similar endeavors have leveraged data-driven insights, analytics, and artificial intelligence to identify potential investment properties, streamline processes, and enhance efficiency.

Overall, industry experts are optimistic about growth prospects for the industry as public attitudes shift rapidly in favor of increased liberalization. In his State of the Union Address, President Biden called for cannabis reform, specifically his intent to review marijuana rescheduling and possibly issue pardons for thousands of users convicted of possession (https://cnw.fm/DZFZ8).

Based in Arizona, Zoned Properties is led by Chairman and CEO Bryan McLaren, whose background in community development and strategic leadership informs the company’s forward-thinking strategy. As the cannabis industry continues its forward trajectory, Zoned Properties is favorably positioned to capitalize on real estate opportunities in the rapidly expanding market.

For more information, visit the company’s website at www.ZonedProperties.com.

NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY

About CannabisNewsWire

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is powered by IBN

Zoned Properties Inc. (ZDPY) Seeks to Bridge the Real Estate Shortage for the U.S. Cannabis Retail Operators

Many Landlords across the United States currently face several obstacles in leasing commercial properties to cannabis-focused tenants, on the basis of ongoing federal restrictions that impact real estate factors such as insurance, financing, and permitting
Zoned Properties has sought to bridge this supply gap, with a portfolio of investment properties seeking to address the needs of the regulated cannabis industry
The company has recently announced plans to refocus its investment portfolio towards direct-to-consumer retail properties, simultaneously revealing their intentions to market one of their cultivation-oriented sites for sale
Zoned Properties recently revealed that 3Q2023 revenues had risen by 17.2% YoY, whilst guiding for estimated full year rental revenues of $2.5 million over the course of 2024

In 2021, New York state officially legalized the usage of marijuana for recreational purposes; nevertheless, and nearly three years on from the landmark decision, cannabis supply for retail consumers remains painfully constrained. In April 2023, plans to build out a recreational cannabis dispensary in Harlem’s 125th street was thwarted by a lawsuit filed by a prominent Harlem business group, alleging that the planned dispensary would contribute to social issues in the neighborhood (https://cnw.fm/whPja).

Despite cannabis being legal in 38 of 50 states for medical use and 24 states for recreational use, cannabis linked businesses are still faced with significant obstacles when looking to secure commercial properties for the cultivation or sale of marijuana-based products. With cannabis still illegal under federal law, commercial landlords seeking to rent out a mortgaged property face the risk of being called on a loan if a property is used for ‘illegal activity’; similarly, landlords open to leasing to cannabis tenants could face constraints in the form of city-specific zoning rules (https://cnw.fm/jYWTl). It is this unique conundrum which Zoned Properties (OTCQB: ZDPY), a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States, is seeking to address.

The United States’ cannabis industry is expected to benefit from a remarkable 13.93% CAGR from 2024 to 2028, resulting in an annual market size of $67.15 billion by the end of 2028. With a decade of national experience and a team of experts devoted to the emerging cannabis industry, Zoned Properties is seeking to capitalize on the industry’s burgeoning future by targeting commercial properties which have the potential to be acquired and rezoned or permitted for specific purposes, including the regulated and legalized cannabis industry. Separately and in addition to its core real estate development business, the company has sought to leverage upon their considerable commercial real estate expertise within their brokerage business in recent years; since 2021, Zoned Properties Brokerage has closed upwards of $80 million in commercial real estate deals nationally for clients.

Zoned Properties maintains a portfolio of six investment properties located across Arizona, Michigan and Illinois; with each of its leased properties occupied by commercial cannabis-linked businesses. The company currently enjoys a 100% occupancy rate with a weighted average lease term of over 10 years. In addition to maintaining four properties leased and repurposed as regulated cannabis retail dispensaries, the company leases two properties which are operated as regulated cannabis cultivation and processing facilities. Nonetheless, the company has recently sought to refocus its investment portfolio towards direct-to-consumer properties located in states boasting both, a regulated and legal domestic cannabis industry and robust underlying cannabis consumer demand; in doing so, Zoned Properties has announced that it now considers its cultivation sites as legacy properties, reserving the optionality to potentially sell or leverage these holdings to unlock equity to be deployed towards its core business.

Considering its reaffirmed commercial priorities, Zoned Properties recently revealed that the company has listed its cultivation property located in Chino Hills, Arizona for sale at a purchase price of $16 million. A valuable yet non-core asset within the company’s portfolio, the sale of the Chino Valley property could help further streamline Zoned Properties’ portfolio and help recalibrate its real estate offering towards more direct-to-consumer focused properties (https://cnw.fm/4Y6Sw).

“As part of our ongoing strategic review to enhance shareholder value, we are very pleased to announce our intention to sell our Chino Valley Property. The Chino Valley Property, which we now consider a non-core asset to our investment strategy, represents a significant capital reallocation opportunity for Zoned Properties. We expect that, if and when the Chino Valley Property is sold, the non-dilutive proceeds from the sale would be instrumental in supporting the company’s future real estate portfolio acquisition plans,” commented Bryan McLaren, Chief Executive Officer of Zoned Properties.

For more information, visit the company’s website at www.ZonedProperties.com.

NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY

About CannabisNewsWire

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is powered by IBN

CannabisNewsBreaks — Zoned Properties Inc. (ZDPY) Chooses IBN as Corporate Communications Partner

Zoned Properties (OTCQB: ZDPY), a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry, is partnering with IBN, a multifaceted financial news and publishing company for private and public entities. According to the announcement, IBN will assist Zoned Properties with its corporate communications initiatives and help strengthen awareness of the company. Zoned Properties is focused on innovating in the real-estate development space, and is working to redefining the way people invest in commercial real estate. Zoned Properties offers a proprietary national ecosystem of real estate services, including a commercial real estate brokerage and a real estate advisory practice. “With a decade of national experience and a team of experts devoted to the emerging cannabis industry, Zoned Properties is addressing the specific needs of a modern market in highly regulated industries by targeting commercial properties that face unique zoning or development challenges, identifying solutions that can potentially have a major impact on their commercial value and then working to acquire the properties while securing long-term, absolute-net leases,” the press release stated. “As part of the client-partner relationship, IBN will leverage its investor-based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach tools to generate greater awareness for Zoned Properties.”

To view the full press release, visit https://cnw.fm/cBfhB

About Zoned Properties Inc.

About CannabisNewsWire

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is powered by IBN

CannabisNewsBreaks – Zoned Properties Inc. (ZDPY) Marks Pivotal Step in Scaling D2C Real Estate Portfolio

Zoned Properties (OTCQB: ZDPY), a technology driven property investment company for emerging and highly regulated industries, including legalized cannabis, today announced that it has listed its cultivation property in Chino Valley, Arizona (the “Chino Valley Property”) for sale at a purchase price of $16 million. The potential transaction marks a significant development in the company’s strategic real estate portfolio optimization. “As part of our ongoing strategic review to enhance shareholder value, we are very pleased to announce our intention to sell our Chino Valley Property. The Chino Valley Property, which we now consider a non-core asset to our investment strategy, represents a significant capital reallocation opportunity for Zoned Properties. We expect that, if and when the Chino Valley Property is sold, the non-dilutive proceeds from the sale would be instrumental in supporting the company’s future real estate portfolio acquisition plans,” said Zoned Properties CEO Bryan McLaren.

“This is a pivotal step in our ongoing efforts to scale our direct-to-consumer real estate portfolio and unlock value for our shareholders. We believe that this strategic shift will position us to capitalize on the growing demand for retail dispensary properties in the cannabis real estate industry with strong cap rates creating long-term shareholder value. We will continue our ongoing strategic review with the sole intention of growing shareholder value and look forward to updating shareholders as appropriate.”

To view the full press release, visit https://cnw.fm/89Mfy

About Zoned Properties Inc.

Zoned Properties 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 the best-in-class cannabis retailers. Headquartered in Scottsdale, Arizona, Zoned Properties 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 model, including a commercial real estate brokerage and a real estate advisory practice. With a decade of national experience and a team of experts devoted to the emerging cannabis industry, Zoned Properties is addressing the specific needs of a modern market in highly regulated industries. The company targets commercial properties that face unique zoning or development challenges, identifies solutions that can potentially have a major impact on their commercial value, and then works to acquire the properties while securing long-term, absolute-net leases. Zoned Properties targets commercial properties that can be acquired and rezoned for specific purposes, including the regulated and legalized cannabis industry. It does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the “CSA”). Zoned Properties corporate headquarters are located at 8360 E. Raintree Dr., Suite 230, Scottsdale, Arizona. For more information, call 877-360-8839 or visit www.ZonedProperties.com.

NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://cnw.fm/ZDPY

About CannabisNewsWire

To receive SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CannabisNewsWire.com/Disclaimer

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com