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): April12, 2022
| 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.) |
| 8360 E. Raintree Drive, #230Scottsdale, 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 Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
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 7.01. Regulation FD Disclosure.
On April 12, 2022, Zoned Properties, Inc. (the “Company”) issued a press release with certain business updates, including announcing its plans to expand its brokerage services across the U.S. to all major and upcoming cannabis markets, the closing of over $50 million in commercial real estate transactions for clients and property investors in highly regulated industries, and direct transactions in competitive cannabis markets with national brokerage partners in more than five states. The press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.
The information included in this Item 7.01, including Exhibit 99.1, 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 herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1 | Press release issued by the registrant on April 12, 2022. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
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: April 12, 2022 | /s/ Bryan McLaren |
| Bryan McLaren | |
| Chief Executive Officer & Chief Financial Officer |
2
Exhibit 99.1
FOR IMMEDIATE RELEASE:
Business/Real Estate/Retail/Cannabis/New Jersey
Zoned Properties Closes Over $50Million in Commercial Real Estate Transactions
For Clients & Property Investorsin Highly Regulated Industries
Direct Transactions in CompetitiveCannabis Markets with
National Brokerage Partnersin over Five States
Scottsdale, Ariz.– April 12, 2022 – Zoned Properties®, Inc. (the “Company” or “Zoned Properties”) (OTCQB: ZDPY), a leading real estate development firm with advisory and brokerage services for emerging and highly regulated industries including legalized cannabis, today announced plans to expand its brokerage services across the U.S. to all major and upcoming cannabis markets.
Headquartered in the Southwest, Zoned Properties has created a symbiotic relationship with East Coast real estate powerhouse, RIPCO Real Estate (“RIPCO”). As the leading independent retail brokerage in the New York metropolitan area, RIPCO’s services include leasing, investment sales, property management, and debt and structured finance. RIPCO recently announced its growth into the cannabis industry with lease transactions for cannabis companies in New York, New Jersey, and Connecticut. This ideal partnership will allow both firms to assist clients in expanding their cannabis business from coast to coast as the future of legalized cannabis grows.
Most recently, the Zoned Properties team has been working with New York and New Jersey clients to secure real estate for the cannabis license lottery.
“New Jersey and New York are poised to make a significant industry impact as two of the largest east coast markets to legalize. We’re thrilled to offer our industry-leading real estate expertise to new and established cannabis operators looking to capitalize in these states,” stated Berekk Blackwell, Chief Operating Officer at Zoned Properties.
Zoned Properties reached a new company milestones in 2021, with the launch of its internal brokerage division. The company successfully completed multi-million dollar deals for commercial property tenants and landlords invested in compliant cannabis real estate projects.
Since inception of its licensed brokerage in June of 2021, the Zoned Properties team has:
● Closed over $50 million worth of real estate transactions for brokerage clients and has engaged with clients to list over 300,000 square feet of commercial real estate for cannabis dispensaries, cultivation, processing, and warehouse facilities.
● Successfully identified over 100 cannabis zoned properties nationally and helped clients close cannabis real estate transactions in Arizona, New Mexico, Ohio, and New Jersey.
“Our integrative real estate approach and services help clients mitigate risk in the complex cannabis landscape. Nearly 40,000 local governing bodies control where regulated cannabis projects can be located. Having a team who understands the nuances of community zoning and permitting regulations is essential to a successful real estate transaction in this industry,” explained Patrick Moroney, Director of Real Estate at Zoned Properties.
Zoned Properties’ unique positioning and expertise provides more than just commercial real estate tools with its brokerage team to leverage for its clients. This full spectrum of integrated growth services to support its real estate development and investment model includes Advisory Services, Brokerage Services, Franchise Services, and PropTech Data Services. Each of these services 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.
To learn more about Zoned Properties and its extensive commercial real estate services, visit www.zonedproperties.com.
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 8360 E. Raintree Drive Suite #230, Scottsdale, AZ 85260. For more information, call 877-360-8839 or visitwww.ZonedProperties.com.
Twitter: @ZonedProperties
LinkedIn: @ZonedProperties
Safe Harbor Statement
This press release contains forward-looking statements.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 and uncertainties, andthere are important factors that could cause actual results to differ materially from those expressed or implied by such forward-lookingstatements. These factors, risks and uncertainties are discussed in the Company's filings with the Securities and Exchange Commission.Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and otherfactors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levelsof activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future eventsand is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategyand liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to updatethe reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new informationbecomes available in the future.
Media Relations
Proven Media
Neko Catanzaro
Tel (401) 484-4980
neko@provenmediaservices.com
Investor Relations
Zoned Properties, Inc.
Bryan McLaren
Tel (877) 360-8839
Investors@zonedproperties.com
www.zonedproperties.com