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): May13, 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) |
|---|---|
| ☐ | 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 May 13, 2021, Zoned Properties, Inc. (the “Company”) issued a press release announcing its financial results for the three month period ended March 31, 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 May 13, 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 May 13, 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: May 13, 2021 | /s/ Bryan McLaren |
| Bryan McLaren | |
| Chief Executive Officer & Chief Financial Officer |
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Exhibit 99.1
Zoned Properties Reports First Quarter 2021Financial Results
SCOTTSDALE, Ariz., May 13, 2021 /BusinessWire/ -- Zoned Properties^®^, Inc. (the “Company”) (OTCQB: ZDPY), a leading real estate development firm for emerging and highly regulated industries including regulated cannabis, today announced its financial results for the first quarter, three-month period ended March 31, 2021.
First Quarter 2021 Company Highlights
| ● | Zoned Properties successfully leveraged its Arizona<br>property portfolio to receive a commitment of at least $8 million from its significant tenant, to be applied toward infrastructure expansion.<br>To date, more than $8 million has been invested into the expansion projects located in Arizona, primarily in Chino Valley. Development<br>and 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 will trigger an amendment to the lease, which Zoned Properties<br>anticipates will lead to a material increase in rental revenue when completed. |
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| ● | Zoned Properties completed an additional $100,000<br>strategic investment into national cannabis retail franchisor, Open Dør Dispensaries, increasing its investment to $200,000. Zoned<br>Properties will benefit both directly and indirectly from this investment as the Company will receive a portion of all initial franchise<br>fees and renewal fees and may convert its investment for up to a 33% equity stake in the franchisor organization. Zoned Properties also<br>anticipates playing a significant role in real estate operations and investments as the franchisor’s real estate partner. |
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| ● | Zoned Properties transitioned its licensed brokerage<br>team to a wholly-owned, in-house brokerage, and has added a Designated Broker to the team. The creation of Zoned Properties Brokerage<br>will allow the team to better serve clients, and also recognize all commissions as top-line revenue. |
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| ● | Subsequent to the close of the first quarter<br>of 2021, Zoned Properties completed meaningful advancements to its full spectrum of real estate services and growth divisions; Advisory<br>Services, Brokerage Services, Franchise Services, and PropTech Data Services. The Company will be releasing further information as specific<br>advancements materialize. |
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First Quarter 2021 Financial Results
| ● | Revenue increased 13.8% to $345,845 for the first<br>quarter of 2021, compared to $303,869 for the first quarter of 2020. This increase in revenues was primarily attributable to an<br>increase in rent revenues from the Significant Tenant of $23,702, or 9.0% and an increase in advisory revenues from third parties of $40,406. |
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| ● | Operating expenses increased 5.0% to $389,213<br>for the first quarter of 2021, compared to $370,571 for the first quarter of 2020. |
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| ● | Loss from operations decreased 35.0% to $43,368<br>for the first quarter of 2021, compared to loss from operations of $66,702 for the first quarter of 2020, a decrease of $23,334. |
| --- | --- |
| ● | Net loss was $71,335, or $0.01 per basic and<br>diluted share, for the first quarter of 2021, compared to a net loss of $96,770, or $0.01 per basic and diluted share, for the first quarter<br>of 2020. |
| --- | --- |
| ● | Net cash provided by operating activities was<br>$165,035 for the three months ended March 31, 2021, compared to $98,625 for the three months ended March 31, 2020. |
| --- | --- |
| ● | As of March 31, 2021, Zoned Properties had cash<br>of $757,235, compared to $699,335 as of December 31, 2020. |
| --- | --- |
“Our expanding team at Zoned Properties has been diligently working to advance a full spectrum of integrated real estate services, supporting both the growth of the Company and also the scope of services we provide to the marketplace,” commented Bryan McLaren, Chief Executive Officer of Zoned Properties. “We are increasingly confident that this blueprint can become a catalyst for Zoned Properties to secure healthy capital and deploy that capital into exciting investment opportunities to grow our portfolio.”
About Zoned 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
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
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Exhibit99.2
Investor Presentation May 2021 | OTCQB: ZDPY 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 OTCQB: ZDPY I May 2021 877 - 360 - 8839 | @ZonedProperties
FORWARD - LOOKING STATEMENTS 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 . 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 2021
COVID - 19 STATEMENT 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 . 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 2021
ZONED PROPERTIES ® , INC. 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. Sophistication, Safety, Sustainability, Stewardship 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 2021
Source: NewFrontierData.com THE MARKET OPPORTUNITY 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 2021
Source: MJBizDaily.com THE MARKET OPPORTUNITY 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 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 May 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 May 2021
ZONED PROPERTIES GROWTH STRATEGY (Real Estate Assets & Investment Revenue) 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 2021 Zoned Properties Franchise Services Zoned Properties Investment Platform Zoned Properties Advisory Services Zoned Properties Brokerage 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 Growth Divisions & Services Revenue )
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 May 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 towards a successful transaction. 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 2021 PROPERTIES BROKERAGE LLC
ZONED PROPERTIES FRANCHISE SERVICES • 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. 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 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 all the way through consumer and community interaction with the built retail environment (i.e. brick and mortar). • Zoned Properties plans to invest in and partner 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 May 2021
CORPORATE SOCIAL RESPONSIBILITY • 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, 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 May 2021
ZONED PROPERTIES PORTFOLIO 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 2021
PORTFOLIO EXPANSION & CASH FLOW (As of March 31, 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 (Q2 2021) After Phase 2 Expansion (Q2 2022) Total Property Portfolio Gilbert Green Valley Kingman Tempe Chino Valley Total Property Portfolio 877 - 360 - 8839 | @ZonedProperties 1 Phase 1 Expansion projected for Q2 2021 Completion. Significant Tenant has contractually agreed to invest $8 Million into Por tf olio 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 n ot 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 May 2021
PORTFOLIO EXPANSION & RENTABLE SQF (As of March 31, 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 (Q2 2021) After Phase 2 Expansion (Q2 2022) Total Property Portfolio Gilbert Green Valley Kingman Tempe Chino Valley Total Property Portfolio 877 - 360 - 8839 | @ZonedProperties 1 Phase 1 Expansion projected for Q2 2021 Completion. Projected to include approximately 155,000 square feet of developed & ren ta ble square footage. 2 Phase 2 Expansion projected for Q2 2022 Completion. Projected to include approximately 225,000 square feet of developed & ren ta ble 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 May 2021
SUMMARY CAPITAL STRUCTURE Book Value (BV) of Total Capital Market Value (MV) of Total Capital 1 $2.02M of Debt + $5.93M of Stockholders’ Equity = $7.95M BV of Total Capital 2 $2.02M of Debt + $7.59M of MV Equity ($0.625/share at 3/31/2021 * 12.14M shares outstanding) = $9.61 MV of Total Capital Total Capital Total Capital Book Value of Equity Total Debt Market Value of Equity Total Debt 79% 21% 75% 25% $7.9M 1 $9.6M 2 (As of March 31, 2021) *$ in millions 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 2021
SUMMARY STATEMENTS OF OPERATIONS Year Three Months Ended Year Ended 3/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 Total revenues $345,845 $1,215,442 $1,260,421 $1,236,930 $2,113,864 Total operating expenses $389,213 $1,177,709 $1,259,706 $3,198,413 $1,416,698 Interest expenses $30,000 $120,000 $120,000 - $42,983 Interest expenses – related parties $300 $1,200 $1,200 $121,200 $129,288 Net (loss) income $(71,335) $(78,338) $(12,281) 1 ($2,027,278) 2 $1,377,902 3 Total Common Shares Outstanding 12,096,770 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 March 31, 2021) OTCQB: ZDPY I May 2021
SUMMARY BALANCE SHEETS As of 3/31/2021 12/31/2020 Cash $757,235 $699,335 Rental Properties, net $6,945,274 $7,027,436 Total Debt $2,020,000 $2,020,000 Total Liabilities $2,215,850 $2,192,000 Total Shareholders’ Equity $5,932,224 $5,935,737 $5,932,224 $2,215,850 $8,148,074 Total Shareholders' Equity Total Liabilities Total Assets Summary Balance Sheets as of March 31, 2021 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 2021
INDUSTRY LEADERSHIP Executive Councils & Memberships 877 - 360 - 8839 | @ZonedProperties OTCQB: ZDPY I May 2021
David Honaman Independent Director COMPANY LEADERSHIP Bryan McLaren, MBA Chief Executive Officer & Chief Financial Officer 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 May 2021
ZONED PROPERTIES ® , INC. TIGHT CAPITAL STRUCTURE 12,141,548 COMMON SHARES (As of March 31 , 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 May 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 May 2021