8-K
Zoned Properties, Inc. (ZDPY)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,DC 20549
FORM8-K
CURRENTREPORT PURSUANT TO
SECTION13 OR 15(d) OF THE
SECURITIESEXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 30, 2021
ZonedProperties, 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<br> No.) |
| 14269 N. 87th Street, #205 Scottsdale, AZ | 85260 |
| (Address of Principal Executive<br> 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<br> pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant<br> to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ☐ | Pre-commencement communications<br> pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications<br> pursuant to Rule 13e-4(c) under 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. ☐
Item2.02. Results of Operations and Financial Condition.
On March 30, 2021, Zoned Properties, Inc. (the “Company”) issued a press release announcing its financial results for the three and twelve month periods ended December 31, 2020. 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 March 30, 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 March 30, 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: March 30, 2021 | /s/ Bryan McLaren |
| Bryan McLaren | |
| Chief Executive Officer & Chief Financial Officer |
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Exhibit 99.1
Zoned Properties Reports Fourth Quarter andFull-Year 2020 Financial Results
SCOTTSDALE, Ariz., March 30, 2021 /BusinessWire/ -- Zoned Properties®, Inc. (the “Company”) (OTCQB: ZDPY), a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for the regulated cannabis industry, positioning the Company for real estate investments and revenue growth, today announced its financial results for the fourth quarter and year ended December 31, 2020.
Fourth Quarter and Full-Year 2020 Company Highlights
| ● | Zoned Properties successfully leveraged its Arizona<br>property portfolio to receive a commitment of at least $8 million from our significant tenant, to be applied toward infrastructure expansion.<br>To date, nearly $8 million has been invested into the expansion projects located in Arizona, primarily in Chino Valley. Development and<br>delivery of the current expansion is in its final stages of completion, with anticipated operational readiness by the end of the second<br>quarter of 2021. The completion of operational readiness at Chino Valley triggers an amendment to the lease, which Zoned Properties anticipates<br>will lead to a material increase in rental revenue when completed. |
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| ● | Zoned Properties completed an initial $100,000<br>strategic investment into national cannabis retail franchisor, The Open Dør, and then increased its investment to $200,000 subsequent<br>to year-end. Zoned Properties will benefit both directly and indirectly from this investment as the Company will receive a portion of<br>all initial franchise fees and renewal fees and may convert its investment for up to a 33% equity stake in the franchisor organization.<br>Zoned Properties also anticipates playing a significant role in real estate operations and investments as the franchisor’s real<br>estate partner. |
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| ● | The Company advanced many of its existing and<br>new growth divisions, and expects to have material updates in the coming months. Existing and new growth divisions include the Company’s<br>Advisory Services, Brokerage Services, Franchise Services, and Real Estate Data Services. |
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| ● | In Arizona and across the nation, the advancement<br>of regulated cannabis legislation reflects the overwhelming support from the majority of American voters for the regulated cannabis industry. |
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Full-Year 2020 Financial Results
| ● | Revenues were $1.22 million for the year ended December 31, 2020, compared<br>to $1.26 million for the year ended December 31, 2019. |
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| ● | Operating expenses were $1.18 million for the year ended December 31, 2020,<br>compared to $1.26 million for the year ended December 31, 2019. |
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| ● | Cash provided by operating activities was $170,000 for the year ended December<br>31, 2020 compared to $285,000 for the year ended December 31, 2019. This decrease was primarily attributable to the abatement of base<br>rent payments in April and May 2020. |
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| ● | The Company had cash of $699,000 as of December 31, 2020, compared to $640,000<br>as of December 31, 2019, continuing positive cash-flow. |
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Fourth Quarter 2020 Financial Results
| ● | Revenues were $309,000 for the quarter ended year ended December 31, 2020,<br>compared to $320,000 for the quarter ended December 31, 2019. |
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| ● | Operating expenses were $268,000 for the quarter ended year ended December<br>31, 2020, compared to $309,000 for the quarter ended December 31, 2019. |
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| ● | For the quarter ended December 31, 2020, the Company had net income of $12,000<br>as compared to a net loss of $19,000 for the quarter ended December 31, 2019. |
| --- | --- |
| ● | The Company had cash of $699,000 as of December 31, 2020, compared to $578,000<br>as of September 30, 2020, continuing positive cash-flow. |
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“Our team at Zoned Properties has been positioning the Company as a leading real estate development firm for emerging and highly regulated industries, specifically focusing on the regulated cannabis industry. We are redefining the approach to commercial real estate development in these regulated sectors through our value-driven service offerings that have been built out of necessity to support an evolving and increasingly complex business landscape,” commented Bryan McLaren, Chief Executive Officer. “We believe that this growth strategy has positioned Zoned Properties to drive a strong pipeline of investment opportunities that few other organizations will be able to provide. These growth and investment opportunities are the result of our direct involvement in regulated projects and our multilayered approach to high-growth real estate opportunities and purpose-built solutions.”
“We are developing a full spectrum of integrated services for our strategic real estate development and investment model; and believe that Advisory Services, Brokerage Services, Franchise Services, and Data Services related to real estate development can cross-pollinate within the Zoned Properties business model to drive value and opportunity. We thank our clients, our partners, and our shareholders for their commitment and confidence in our team and we could not be more excited about rewarding them as we continue to execute on the growth drivers within this new flywheel growth strategy for the Zoned Properties community,” McLaren added.
About Zoned Properties, Inc. (OTCQB: ZDPY):
Zoned Properties is a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for clients in the regulated cannabis industry, positioning the company for real estate investments and revenue growth. We intend to pioneer sustainable development for emerging industries, including the regulated cannabis industry. We are an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council. We focus on investing capital to acquire and develop commercial properties to be leased on a triple-net basis, and engaging clients that face zoning, permitting, development, and operational challenges. We provide development strategies and advisory services that could potentially have a major impact on cash flow and property value. We do 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”).
Website: www.ZonedProperties.com
Twitter: @ZonedProperties
LinkedIN: @ZonedProperties
Safe Harbor Statement
This press release contains forward-lookingstatements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Actof 1934, as amended. All statements other than statements of historical facts included in this press release are 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 statements include risks anduncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied bysuch forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s filings with the Securities andExchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown,uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affectactual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views withrespect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations,growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for anyreason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, evenif new information becomes available in the future.
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COVID-19 Statement
In March 2020, the World Health Organizationdeclared COVID-19 a global pandemic and recommended containment and mitigation measures worldwide. We are monitoring this closely, andalthough operations have not been materially affected by the COVID-19 outbreak to date, the ultimate duration and severity of the outbreakand its impact on the economic environment and our business is uncertain. Currently, all of the properties in our portfolio are open toour Significant Tenants and their customers and will remain open pursuant to state and local government requirements. We did not experiencein 2020, and we do not foresee in 2021, any material changes to our operations from COVID-19. 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 risks toour 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.
Media Relations
Proven Media
Neko Catanzaro
Tel (401) 484-4980
Investor Relations
Zoned Properties, Inc.
Bryan McLaren
Tel (877) 360-8839
www.zonedproperties.com
3
Exhibit 99.2
Investor Presentation M a r ch 2021 | O T CQ B : Z DPY A brand new 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 O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
FORWARD - LOOKING STATEMENTS O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties This presentation release contains forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended . 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 .
COVID - 19 STATEMENT O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties In March 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 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 our portfolio are open to our Significant Tenants and their customers and will remain open pursuant to state and local government requirements . We did not experience in 2020 , and we do not foresee in 2021 , any material changes to our operations from COVID - 19 . Our 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 we do not anticipate an impact on our operations, we cannot estimate the duration of the pandemic and potential impact on our 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 our business, including weakened demand for our 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 .
Z O N ED P R OPE R T IES ® , I N C . Our MISSION To provide Real Estate & Sustainability Services for the Regulated Cannabis Industry, positioning the Company for Real Estate Investments and Revenue Growth . Our VISION Our VALUES Maximizing Prosperity in Local Communities by creating a paradigm for Sustainable Development in Emerging Industries, including the Regulated Cannabis Industry. O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties Sophistication, Safety, Sustainability, Stewardship
COMPANY ORGANIZATION STRATEGY ( Re a l E s t a te A ss ets & I n v e s t m ent R e v e n ue) Zoned Properties Franchise Services Zoned Properties Investment Platform Zoned Properties Advisory Services Zoned Properties Brokerage Services Zoned Properties Data Platform 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. O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
Source: Newfrontierdata.com THE MARKET OPPORTUNITY O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
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. O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties How can a Real Estate Company, Fund, or Investor effectively identify properties with successful operators for acquisition targets and sale - leaseback opportunities?
Z O N ED P R OPE R T IES MAR K ET APP R O A C H Acquisition & Growth Opportunities Growth driven by Corporate Social Responsibility for the Regulated Cannabis Industry. Sustain a bility Services Re s e arch Services Re al Estate Services Zoned Advisory Services provides Real Estate & Sustainability Services to Regulated Cannabis Clients in order to drive our pipeline of acquisition & growth opportunities. O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
ZONED PROPERTIES GROWTH STRATEGY Zoned Advisory Services & Real Estate Teams can generate new revenue while vetting future acquisition targets, feeding our pipeline for property acquisitions and revenue growth. Service s Revenu e Real Estate Services Service s Revenu e Sustainability Services Re v enu e REALTOR® Commission Transactions Active Asset Growt h Sale Leaseback Acquisitions Passive Revenu e Growth Triple - Net NN N Lease Revenue Client Services Revenue to Support Company Expenses & Growth Portfolio Revenue to Support S ha r eho l d er V a l ue 1. Project Research Services • Real Estate Services • Sustainability Services 2. Project Advisory Services • Real Estate Services • Sustainability Services 3. Cannabis Real Estate Team • Commercial Transactions • Buyer/Seller Introductions 4. Property Sale - Leasebacks • With Engaged Advisory Clients • For Successful Operators 5. Property Portfolio Growth • Balance Sheet Asset Ownership • Triple - Net (NNN) Leasing Revenue O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
Z O N ED A D V ISO R Y SE R V I C ES S T R A T E G Y Client & Partner TESTIMONIALS “Our business would not exist without the strategic guidance from Zoned Properties.” – V a le r a K . Chief Compliance Officer “Zoned Properties has been an excellent partner in this project.” – Ruth M. Development Services Director “ The T o wn o f Para c hute is ex c ited to see a Zoned Properties development come to town . ” – Stuart M . T o wn Ma n a g er We help clients develop Cannabis Projects Let us develop your project, so you can develop your business. S e c u r e Your Property Develop Your P r o j ect Su s t a i n Your Profits O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
ZONED BROKERAGE SERVICES STRATEGY 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 towards a successful transaction. O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
ZONED FRANCHISE SERVICES STRATEGY • We believe Franchise Organizations are strong drivers of real estate development and investment opportunities. • Zoned Properties has partnered with & invested in a National Cannabis Retail Franchisor, The Open Dør, to leverage our national real estate services across a multi - state platform. • Through our convertible debenture, Zoned Properties has the opportunity to convert its investment for up to a 33% equity stake in the franchisor organization. O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
CORPORATE SOCIAL RESPONSIBILITY O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties • Why would a Real Estate company like Zoned Properties aim to pioneer Sustainable Development and Corporate Social Responsibility for the Regulated Cannabis industry? • As NAREIT points out in its Sustainability and Investing Overview, "Real estate is not just the physical places where we live, work, a n d spen d ou r leisu r e t ime ; i t help s uni te a n d defin e lo cal 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. * Sou r c e: https : // ww w . r e i t .c o m / i n v est i ng/ r e i ts - susta i nab ili ty
ZONED PROPERTIES PORTFOLIO O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
PORTFOLIO EXPANSION & CASH FLOW (A s o f D e c embe r 31 , 2020) Po r t foli o An n ual C ash F l o w Befo r e and A f t e r 202 0 L e ase A me nd me nts Projected Portfolio Cash Flow with Planning Expansion $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 After Phase 1 Expansion (Q2 2021) 1 After Phase 2 Expansion (Q 2 2022 ) 2 Tota l Propert y Portfoli o 3 Gilber t Before Lease Amendment s (Prior) Green Valley After Lease Amendment s (Current) Kingman Tempe Chino Valley Total Property Portfolio O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties 1 Phase 1 Expansion projected for Q2 2021 Completion. Significant Tenant has contractually agreed to invest $8 Million into Portfolio for Phase 1 Expansion. 2 Phase 2 Expansion projected for Q2 2022 Completion. 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.
PORTFOLIO EXPANSION & RENTABLE SQF (A s o f D e c embe r 31 , 2020) Developed & Rentable Square Footage Befo r e and A f t e r 202 0 L e ase A me nd me nts Projected Portfolio Square Footage with Planning Expansion 250,000 200,000 150,000 100,000 50,000 0 Before Lease Amendment s (Prior) After Lease Amendment s (Current) After Phase 1 Expansion (Q2 2021) 1 After Phase 2 Expansion (Q 2 2022 ) 2 Tota l Propert y Portfoli o 3 Gilbert Green Valley Kingman Tempe Chino Valley Total Property Portfolio 1 Phase 1 Expansion projected for Q 2 2021 Completion . Projected to include approximately 155 , 000 square feet of developed & rentable square footage . 2 Phase 2 Expansion projected for Q 2 2022 Completion . 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 . O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
SUMMARY CAPITAL STRUCTURE B oo k V a lu e (B V ) o f T o ta l C a pi ta l M a r k et V a lu e (M V ) o f T o ta l C a pi ta l 1 $2.02M of Debt + $5.94M of Stockholders’ Equity = $7.96M BV of Total Capital 2 $2.02M of Debt + $5.16M of MV Equity ($0.43/share at 12/31/2020 * 12.01M shares outstanding) = $7.18M MV of Total Capital $7.9M 1 Total Capital 75% B ook V a l ue of Equity 25% T otal Debt 72% Ma r k et V a l ue of Equity $7.2M 2 Total Capital 28% T otal Debt (A s o f D e c embe r 31 , 2020) *$ in millions O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
SUMMARY STATEMENTS OF OPERATIONS O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties Year Ended Year Ended 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 Total revenues $1,215,442 $1,260,421 $1,236,930 $2,113,864 $1,853,708 Total operating expenses $1,177,709 $1,259,706 $3,198,413 $1,416,698 $2,125,949 Interest expenses $120,000 $120,000 - $42,983 $192,492 Interest expenses – related parties $1,200 $1,200 $121,200 $129,288 $35,000 Net (loss) income $(78,338) $(12,281) 1 ($2,027,278) 2 $1,377,902 3 ($501,576) Total Common Shares Outstanding 12,011,548 11,901,548 17,441,552 17,345,497 17,210,318 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. (A s o f D e c embe r 31 , 2020)
SUMMARY BALANCE SHEETS O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties As of 12/31/2020 12/31/2019 Cash $699,335 $639,781 Ren t al P r ope r t i e s , net $7,027,436 $7,374,807 Total Debt $2,020,000 $2,020,000 Total Liabilities $2,192,000 $2,193,859 Total Shareholders’ Equity $5,935,737 $5,965,644 T o t al A sse t s $8,127,737 Total Liabilities $2,192,000 Total Shareholders' Equity $5,935,737 Su mm a r y B a l a n c e Sheets a s o f De c e m ber 31, 2020
INDUSTRY LEADERSHIP Executive Councils & Membe r sh i ps O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
David Honaman Independent Director COMPANY LEADERSHIP Bryan McLaren, MBA Chief Executive Officer & Chief Financial Officer Management Board of Directors O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties Bryan McLaren Chairman Alex McLaren Director Art Friedman Independent Director Derek Overstreet Independent Director
Z O N ED P R OPE R T IES ® , I N C . TIGHT CAPITAL STRUCTURE 12,011,548 COMMON SHARES (As o f December 31, 2020) MULTI - STATE EXPERIENCE & PROVEN SUCCESS 2 MI LL I ON S Q. F T . OF PROPERTY OWNERSHIP ( N o T o x i c Debt) EXECUTIVE MEMBERSHIPS F O R B ES , U S G B C , NC IA , BBB COMMUNITY FOCUSED REGULATED CANNABIS CO. CASH FLOW POSITIVE FROM OPERATIONS O V E R 5 - Y E A RS A S PUBLIC COMPANY IN REGULATED CANNABIS TRIPLE - NET (NNN) PASSIVE REVENUE STREAM O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties
FOR MORE INFORMATION O T C Q B : Z D P Y I M a r ch 2021 877 - 360 - 8839 | @ZonedProperties COMPANY CONTACT B r y an M c L a r en ; C h airma n, C EO & CF O Zo ned P r o pe r ti e s , In c . | Scott sd al e , AZ www.ZonedProperties.com | Tel 877.360.8839 | [email protected]