8-K
Zoned Properties, Inc. (ZDPY)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August12, 2021
| Zoned Properties, Inc. | |
|---|---|
| (Exact Name of Registrant as Specified in its Charter) | |
| Nevada | |
| (State or Other Jurisdiction of Incorporation) | |
| 000-51640 | 46-5198242 |
| --- | --- |
| (Commission File Number) | (IRS Employer Identification No.) |
| 14269 N. 87th Street, #205Scottsdale, AZ | 85260 |
| (Address of Principal Executive Offices) | (Zip Code) |
(Registrant’s telephone number, including area code): (877) 360-8839
N/A
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.)
| ☐ | Written communications pursuant to Rule 425 under the Securities<br>Act (17 CFR 230.425) |
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange<br>Act (17 CFR 240.14a-12) |
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under<br>the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under<br>the Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| N/A | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and FinancialCondition.
On August 12, 2021, Zoned Properties, Inc. (the “Company”) issued a press release announcing its financial results for the three and six month periods ended June 30, 2021. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained in the website is not a part of this current report on Form 8-K.
Item 7.01. Regulation FD Disclosure.
Beginning August 12, 2021, the Company’s management will deliver the investor presentation attached hereto as Exhibit 99.2 and incorporated herein by reference.
The information included in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1 | Press release of the registrant dated August 12, 2021. |
| 99.2 | Investor presentation to be delivered by management of the registrant. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ZONED PROPERTIES, INC. | |
|---|---|
| Dated: August 12, 2021 | /s/ Bryan McLaren |
| Bryan McLaren | |
| Chief Executive Officer & Chief Financial Officer |
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Exhibit99.1
ZonedProperties Reports Second Quarter 2021 Financial Results
RevenueIncreases 83% in Second Quarter, Year-Over-Year; Driven by Diversified Services
SCOTTSDALE, Ariz., August 12, 2021 /BusinessWire/ -- Zoned Properties®, Inc. (the “Company”) (OTCQB: ZDPY), a leading real estate development firm for emerging and highly regulated industries including legalized cannabis, today announced its financial results for the three and six months ended June 30, 2021.
SecondQuarter 2021 & Six Months Ended June 30, 2021 Financial Results
| ● | Revenue<br> increased 83% to $550,064 for the second quarter of 2021, compared to $299,824 for the second<br> quarter of 2020. This increase in revenues was primarily attributable to an increase in rent<br> revenues from the Significant Tenant of $22,756 and an increase in brokerage revenues of<br> $236,592, offset by a decrease in advisory revenues of $9,108. |
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| ● | Operating<br> expenses increased 41.5% to $410,411 for the second quarter of 2021, compared to $290,071<br> for the second quarter of 2020, an increase primarily due to the payment of brokerage commission<br> splits of $188,296 on brokerage revenues. |
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| ● | Income<br> from operations amounted to $139,653 for the second quarter of 2021, compared to income from<br> operations of $9,753 for the second quarter of 2020, an increase of $129,900. |
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| ● | Net<br> income was $112,594, or $0.01 per basic share and $0.00 per diluted share, for the second<br> quarter of 2021, compared to a net loss of $18,927, or $0.00 per basic and diluted share,<br> for the second quarter of 2020. |
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| ● | Net<br> cash provided by operating activities was $284,408 for the six months ended June 30, 2021,<br> compared to $72,232 for the six months ended June 30, 2020. |
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| ● | As<br> of June 30, 2021, Zoned Properties had cash of $1,031,316, compared to $699,335 as of December<br> 31, 2020. |
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SecondQuarter 2021 & Six Months Ended June 30, 2021 Company Highlights
| ● | Zoned<br> Properties made meaningful progress recruiting for the expansion of the Company’s leadership<br> team during the first two quarters of 2021, subsequently appointing Berekk Blackwell as Chief<br> Operating Officer, Patrick Moroney as Director of Real Estate, and Joseph Lewis as Designated<br> Broker. Under the leadership of Bryan McLaren, Chief Executive Officer, the expanding leadership<br> team is expected to continue to grow the Company’s core real estate service verticals:<br> Advisory Services, Brokerage Services, Franchise Services, and PropTech Services. |
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| o | Zoned Properties Advisory Services: The Company’s team of national advisors that specialize<br> in emerging and regulated industries, including regulated cannabis, have continued to increase<br> the number and frequency of client engagements for project services with plans to add 3 to<br> 5 new team members by year-end 2021. |
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| o | Zoned Properties Brokerage Services: The Company completed the transition of its licensed commercial<br> real estate brokerage team into a wholly-owned, in-house brokerage. The transition and creation<br> of the Zoned Properties Brokerage Services division will allow the team to better serve clients,<br> and also recognize commission-based revenue as top-line revenue for Zoned Properties. |
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| o | Zoned Properties Franchise Services: Zoned Properties completed an additional $100,000 strategic<br> investment into national cannabis retail franchisor, Open Dør Dispensaries, increasing<br> its investment to a total of $200,000 as a convertible debenture. Zoned Properties will benefit<br> both directly and indirectly from this investment as the Company will receive a percentage<br> of initial franchise fees and renewal fees, and may also convert its investment for up to<br> a 33% equity stake in the franchisor organization. Zoned Properties anticipates playing a<br> significant role in real estate operations as the franchisor’s real estate partner. |
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| o | Zoned Properties PropTech Services: Zoned Properties completed strategic investments into,<br> and finalized partnerships with, two separate Property Technology (“PropTech”)<br> data and software service platforms. The first investment and partnership, with Zoneomics<br> Corporation, intends to pioneer a GIS zoning and mapping platform to assist with property<br> identification in emerging and highly regulated industries, such as regulated cannabis. The<br> second investment and partnership, with Beakon, LLC, intends to leverage an existing consumer<br> marketing application to drive foot-traffic to brick and mortar retail locations in the regulated<br> cannabis industry. |
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| ● | Zoned Properties Property Portfolio: The Company leveraged its property portfolio to receive<br> a commitment of at least $8 million from its significant tenants, to be applied toward facility<br> infrastructure expansion at its properties located in Chino Valley, Arizona and Tempe, Arizona.<br> The Company’s significant tenants have completed improvements totaling in excess of<br> $8 million and have satisfied the associated contractual obligation. As soon as the improved,<br> rentable areas have received required approvals for occupancy and commencement of operations,<br> the Company and its significant tenants expect to complete the appropriate amendments to<br> the Lease Agreements, recognizing the appropriate increases to rentable square footage and<br> increases to base rental rates. |
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| ● | Zoned Properties Property Portfolio: The Company completed the sale of its Gilbert, Arizona<br> property, a non-core asset, for net proceeds of $322,332, providing for a gain of $51,944. |
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“The transition of legacy cannabis operators into a regulated cannabis marketplace has been emerging at a scale and pace beyond what most data projections have accounted for among industry experts. The leadership team at Zoned Properties has been expanding our real estate services and best practices to help integrate legacy operators into modern communities through a full-spectrum of real estate services, creating value and opportunity for business operators, local communities, and our own Company,” commented Bryan McLaren, Chief Executive Officer of Zoned Properties. “This is such an exciting time for the regulated cannabis industry as a whole, and our team at Zoned Properties is proud to be working towards evolving commercial real estate development practices for emerging and highly regulated industries.”
AboutZoned Properties, Inc. (OTCQB: ZDPY):
Zoned Properties is a leading real estate development firm for emerging and highly regulated industries, including regulated cannabis. The company is redefining the approach to commercial real estate investment through its integrated growth services.
Headquartered in Scottsdale, Arizona, Zoned Properties has developed a full spectrum of integrated growth services to support its real estate development and investment model; Advisory Services, Brokerage Services, Franchise Services, and PropTech Data Services each cross-pollinate within the model to drive project value associated with complex real estate projects. With 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.
Zoned Properties is an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council. Zoned Properties 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 14269 N. 87th Street, Suite 205, Scottsdale, Arizona. For more information, call 877-360-8839 or visit www.ZonedProperties.com.
Twitter: @ZonedProperties
LinkedIn: @ZonedProperties
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Safe HarborStatement
Thispress release contains forward-looking statements. All statements other than statements of historical facts included in this press releaseare forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,”“anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statementsinclude risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressedor implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s filings with theSecurities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve knownand unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materiallyaffect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s currentviews with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, resultsof operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statementsfor any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements,even if new information becomes available in the future.
COVID-19Statement
InMarch 2020, the World Health Organization declared COVID-19 a global pandemic and recommended containment and mitigation measures worldwide.We are monitoring this closely, and although operations have not been materially affected by the COVID-19 outbreak to date, the ultimateduration and severity of the outbreak and its impact on the economic environment and our business is uncertain. Currently, all of theproperties in our portfolio are open to our Significant Tenants and their customers and will remain open pursuant to state and localgovernment requirements. We did not experience in 2020, and to date have not experienced in 2021, any material changes to our operationsfrom COVID-19. We do not anticipate any such material changes for the remainder of 2021. Our tenants are continuing to generate revenueat these properties and they have continued to make rental payments in full and on time and we believe the tenants’ liquidity positionis sufficient to cover its expected rental obligations. Accordingly, while we do not anticipate an impact on our operations, we cannotestimate the duration of the pandemic and potential impact on our business if the properties must close or if the tenants are otherwiseunable or unwilling to make rental payments. In addition, a severe or prolonged economic downturn could result in a variety of risksto our business, including weakened demand for our properties and a decreased ability to raise additional capital when needed on acceptableterms, if at all. At this time, the Company is unable to estimate the impact of this event on its operations.
MediaRelations
Proven Media
Neko Catanzaro
Tel (401) 484-4980
InvestorRelations
Zoned Properties, Inc.
Bryan McLaren
Tel (877) 360-8839
www.zonedproperties.com
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Exhibit 99.2
Investor Presentation August 2021 | OTCQB: ZDPY A Highly Regulated & EMERGING INDUSTRY “We are building for an industry that does not yet exist. It’s our responsibility to make sure it gets done right.” - Bryan McLaren OTCQB: ZDPY I August 2021 877 - 360 - 8839 | @ZonedProperties
FORWARD - LOOKING STATEMENTS This presentation release contains forward - looking statements . Readers are cautioned not to place undue reliance on these forward - looking statements . Actual results may differ materially from those indicated by these forward - looking statements as a result of risks and uncertainties impacting the Company's business including, increased competition ; the ability of the Company to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships ; general economic conditions ; and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission . 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
COVID - 19 STATEMENT In March 2020 , the World Health Organization declared COVID - 19 a global pandemic and recommended containment and mitigation measures worldwide . The Company is monitoring this closely, and although operations have not been materially affected by the COVID - 19 outbreak to date, the ultimate duration and severity of the outbreak and its impact on the economic environment and our business is uncertain . Currently, all of the properties in the Company’s portfolio are open to its Significant Tenants and their customers and have remained open pursuant to state and local government requirements . At this time, the Company does not foresee any material changes to its operations from COVID - 19 . The Company’s tenants are continuing to generate revenue at these properties, and they have continued to make rental payments in full and on time and we believe the tenants’ liquidity position is sufficient to cover its expected rental obligations . Accordingly, while the Company does not anticipate an impact on its operations, it cannot estimate the duration of the pandemic and potential impact on its business if the properties must close or if the tenants are otherwise unable or unwilling to make rental payments . In addition, a severe or prolonged economic downturn could result in a variety of risks to the Company’s business, including weakened demand for its properties and a decreased ability to raise additional capital when needed on acceptable terms, if at all . At this time, the Company is unable to estimate the impact of this event on its operations . 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
ZONED PROPERTIES ® , INC. Our MISSION To Provide integrated Real Estate Services for the Regulated Cannabis Industry , positioning the Company for Real Estate Investments & Revenue Growth . Our VISION Our VALUES Integrating Legacy Cannabis into Modern Communities through regulated Real Estate Development Projects. Sophistication , Safety , Sustainability , Stewardship 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
Source: MJBizDaily.com THE MARKET OPPORTUNITY 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
Source: NewFrontierData.com THE MARKET OPPORTUNITY 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
THE MARKET CHALLENGE Regulated Cannabis Industry Market Challenge Properly predicting the risk and success of a regulated operator, which will in turn affect the potential value of the operating property. How can a Real Estate Company, Fund, or Investor effectively identify real estate or properties with successful operators for acquisition targets and investment opportunities? 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
ZONED PROPERTIES MARKET APPROACH Acquisition & Investment Opportunities Prop Tech Services Franchise Services Advisory Services Zoned Properties’ Real Estate Services for Emerging and Highly Regulated Industries can help enhance value and mitigate risk for Real Estate Investment Opportunities with Clients & Partners. 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
ZONED PROPERTIES GROWTH STRATEGY (Real Estate Assets & Investment Revenue) 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021 Zoned Properties Investment Strategy Zoned Properties Advisory Services Zoned Properties Brokerage Services Zoned Properties Franchise Services Zoned Properties PropTech Services Zoned Properties has positioned the organization as a leading real estate development firm for emerging and highly regulated industries, specifically focusing its best practices on the emerging regulated cannabis industry. We are redefining strategic approaches to commercial real estate in regulated sectors through value - driven service offerings built out of market necessity to support an evolving and increasingly complex business landscape. (Real Estate Services Revenue & Growth Divisions)
ZONED PROPERTIES ADVISORY SERVICES Client & Partner TESTIMONIALS “Our business would not exist without the strategic guidance from Zoned Properties.” – Valera K. Chief Compliance Officer “Zoned Properties has been an excellent partner in this project.” – Ruth M. Development Services Director “The Town of Parachute is excited to see a Zoned Properties development come to town.” – Stuart M. Town Manager We help clients develop Cannabis Projects Let us develop your project, so you can develop your business. Secure Your Property Develop Your Project Sustain Your Profits 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
ZONED PROPERTIES BROKERAGE SERVICES Real estate transactions in the regulated cannabis industry can be extremely challenging. That’s why we created our own licensed brokerage team to directly guide clients through the process toward a successful transaction. 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021 PROPERTIES BROKERAGE LLC
ZONED PROPERTIES FRANCHISE SERVICES • We believe Franchise Organizations are strong drivers of value for real estate development and investment opportunities. • Zoned Properties has partnered with & provided investment for a national cannabis retail franchisor, Open Dør Dispensaries, to leverage our real estate services across a multi - state platform. • Through our convertible debenture, Zoned Properties also has the opportunity to convert its investment for up to a 33% equity stake in the franchisor organization. 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
ZONED PROPERTIES PROPTECH SERVICES • Our team has implemented two Property Technology (“PropTech”) Data Projects that will focus on solving critical needs in regulated real estate markets starting with the identification of property and ending with consumer and community interaction/connectivity with the built retail environment (i.e. brick and mortar). • Zoned Properties has invested in and partnered with two new PropTech Data Project teams focused on providing solutions to address these critical real estate needs in regulated industries. • Zoned Properties PropTech Project #1: GIS Zoning & Mapping – With our strategic partner and investment into the project, our goal is to utilize advanced property technology to provide solutions for property identification in regulated industries such as regulated cannabis. • Zoned Properties PropTech Project #2: Brick & Mortar Retail – With our strategic partner and investment into the project, our goal is to provide emerging and regulated industry operators with the tools to enhance the value of their brick & mortar real estate, through consumer - centric and brand - centric property technology solutions. 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
CORPORATE SOCIAL RESPONSIBILITY • Why would a national real estate company like Zoned Properties work on integrating legacy cannabis into modern communities through regulated real estate development projects? • As NAREIT points out in its Sustainability and Investing Overview, "Real estate is not just the physical places where we live, work, and spend our leisure time; it helps unite and define local communities and provides an important investment resource to millions of Americans.” * • We have a chance to set the stage & create the paradigm for the future of the cannabis marketplace by focusing on these efforts. * Source: https://www.reit.com/investing/reits - sustainability 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
ZONED PROPERTIES PORTFOLIO 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
PORTFOLIO EXPANSION & CASH FLOW (As of June 30, 2021) Portfolio Annual Cash Flow Before and After 2020 Lease Amendments Projected Portfolio Cash Flow with Planning Expansion $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 Before Lease Amendments (Prior) After Lease Amendments (Current) After Phase 1 Expansion After Phase 2 Expansion Total Property Portfolio Green Valley Kingman Tempe Chino Valley Total Property Portfolio 877 - 360 - 8839 | @ZonedProperties 1 Significant Tenant has contractually agreed to invest $8 Million into Portfolio for Phase 1 Expansion. 2 Master Plan has been approved for Phase 2 Expansion. Capital Source has not yet been identified to complete Phase 2 Expansion . 3 Total Property Portfolio includes approximately 2.3 Million Square Feet of debt - free real estate with vested - rights for future development. 1 2 3 OTCQB: ZDPY I August 2021
PORTFOLIO EXPANSION & RENTABLE SQF (As of June 30, 2021) Developed & Rentable Square Footage Before and After 2020 Lease Amendments Projected Portfolio Square Footage with Planning Expansion 0 50,000 100,000 150,000 200,000 250,000 Before Lease Amendments (Prior) After Lease Amendments (Current) After Phase 1 Expansion After Phase 2 Expansion Total Property Portfolio Green Valley Kingman Tempe Chino Valley Total Property Portfolio 877 - 360 - 8839 | @ZonedProperties 1 Projected to include approximately 155,000 square feet of developed & rentable square footage. 2 Projected to include approximately 225,000 square feet of developed & rentable square footage. 3 Total Property Portfolio includes approximately 2.3 Million Square Feet of debt - free real estate with vested - rights for future development. 1 2 3 OTCQB: ZDPY I August 2021
SUMMARY CAPITAL STRUCTURE Book Value (BV) of Total Capital Market Value (MV) of Total Capital 1 $2.02M of Debt + $6.09M of Stockholders’ Equity = $8.11M BV of Total Capital 2 $2.02M of Debt + $7.50M of MV Equity ($0.615/share at 6/30/2021 * 12.20M shares outstanding) = $9.52 MV of Total Capital Total Capital Total Capital Book Value of Equity Total Debt Market Value of Equity Total Debt 79% 21% 75% 25% $8.1M 1 $9.5M 2 (As of June 30, 2021) *$ in millions 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
SUMMARY STATEMENTS OF OPERATIONS Year Six Months Ended Year Ended 6/30/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 Total revenues $895,909 $1,215,442 $1,260,421 $1,236,930 $2,113,864 Total operating expenses $799,624 $1,177,709 $1,259,706 $3,198,413 $1,416,698 Interest expenses $60,000 $120,000 $120,000 - $42,983 Interest expenses – related parties $600 $1,200 $1,200 $121,200 $129,288 Net income (loss) $41,259 $(78,338) $(12,281) 1 ($2,027,278) 2 $1,377,902 3 Total Common Shares Outstanding 12,201,548 12,011,548 11,901,548 17,441,552 17,345,497 1 Includes $108,204 one - time gain from receipt of utilities rebate. 2 Includes $1.9 million one - time, non - cash write - off of deferred rent receivable. 3 Includes $ 831,753 one - time gain from the sale of property. 877 - 360 - 8839 | @ZonedProperties (As of June 30, 2021) OTCQB: ZDPY I August 2021
SUMMARY BALANCE SHEETS As of 6/30/2021 12/31/2020 Cash $1,031,316 $699,335 Rental Properties, net $6,582,173 $7,027,436 Total Debt $2,020,000 $2,020,000 Total Liabilities $2,279,858 $2,192,000 Total Shareholders’ Equity $6,088,705 $5,935,737 $6,088,705 $2,279,858 $8,368,563 Total Shareholders' Equity Total Liabilities Total Assets Summary Balance Sheets as of June 30, 2021 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
INDUSTRY LEADERSHIP Executive Councils & Memberships 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
David Honaman Independent Director COMPANY LEADERSHIP Executive Management Board of Directors Bryan McLaren Chairman Alex McLaren Director Art Friedman Independent Director Derek Overstreet Independent Director 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021 Bryan McLaren, MBA Chief Executive Officer & Chief Financial Officer Berekk Blackwell Chief Operating Officer
ZONED PROPERTIES ® , INC. TIGHT CAPITAL STRUCTURE 12,201,548 COMMON SHARES (As of June 30, 2021) 2 MILLION SQ. FT. OF PROPERTY OWNERSHIP ( No Toxic Debt) MULTI - STATE EXPERIENCE & PROVEN SUCCESS EXECUTIVE MEMBERSHIPS FORBES, USGBC, NCIA, BBB COMMUNITY FOCUSED REGULATED CANNABIS CO. OVER 5 - YEARS AS PUBLIC COMPANY IN REGULATED CANNABIS CASH FLOW POSITIVE FROM OPERATIONS ANCILLARY / NON - PLANT TOUCHING 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021
FOR MORE INFORMATION COMPANY CONTACT Bryan McLaren ; Chairman, CEO & CFO Zoned Properties, Inc. | Scottsdale, AZ www.ZonedProperties.com | Tel 877.360.8839 | [email protected] 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I August 2021