NetworkNewsBreaks – Zoned Properties Inc. (ZDPY)
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Posted On: 04/02/2024 5:05:41 PM
NetworkNewsBreaks – Zoned Properties Inc. (ZDPY) Refocusing Investment Portfolio to Potentially Unlock Equity
Zoned Properties (OTCQB: ZDPY), a technology-driven property investment company for emerging and highly regulated industries, is seeking to capitalize on the U.S. cannabis industry’s burgeoning future by targeting commercial properties with the potential to be acquired and rezoned or permitted for specific purposes. “Zoned Properties maintains a portfolio of six investment properties located across Arizona, Michigan and Illinois, with each of its leased properties occupied by commercial cannabis-linked businesses. The company currently enjoys a 100% occupancy rate with a weighted average lease term of over 10 years. In addition to maintaining four properties leased and repurposed as regulated cannabis retail dispensaries, the company leases two properties that are operated as regulated cannabis cultivation and processing facilities,” a recent article reads. “Nonetheless, the company has recently sought to refocus its investment portfolio towards direct-to-consumer properties located in states boasting both a regulated and legal domestic cannabis industry and robust underlying cannabis consumer demand. In doing so, Zoned Properties has announced that it now considers its cultivation sites as legacy properties, reserving the optionality to potentially sell or leverage these holdings to unlock equity to be deployed towards its core business.”
NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://nnw.fm/ZDPY
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Zoned Properties (OTCQB: ZDPY), a technology-driven property investment company for emerging and highly regulated industries, is seeking to capitalize on the U.S. cannabis industry’s burgeoning future by targeting commercial properties with the potential to be acquired and rezoned or permitted for specific purposes. “Zoned Properties maintains a portfolio of six investment properties located across Arizona, Michigan and Illinois, with each of its leased properties occupied by commercial cannabis-linked businesses. The company currently enjoys a 100% occupancy rate with a weighted average lease term of over 10 years. In addition to maintaining four properties leased and repurposed as regulated cannabis retail dispensaries, the company leases two properties that are operated as regulated cannabis cultivation and processing facilities,” a recent article reads. “Nonetheless, the company has recently sought to refocus its investment portfolio towards direct-to-consumer properties located in states boasting both a regulated and legal domestic cannabis industry and robust underlying cannabis consumer demand. In doing so, Zoned Properties has announced that it now considers its cultivation sites as legacy properties, reserving the optionality to potentially sell or leverage these holdings to unlock equity to be deployed towards its core business.”
NOTE TO INVESTORS: The latest news and updates relating to ZDPY are available in the company’s newsroom at https://nnw.fm/ZDPY
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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