The transition legacy of the cannabis market into a regulated cannabis marketplace is beyond what many projections have been presenting. But, according to the CEO of Zoned Properties®, Inc (OTCMKTS: ZDPY), Bryan McLaren, the cannabis industry is experiencing dramatic evolvement. Thanks to the emerging development practices. The company is a leading real estate development firm working with regulated industries, including legalized cannabis.
The company broke the record of its Q2 2021 financial results have reported an 83% revenue increase closing at $550,064. The figure was way above the $299,824 for Q2 2020. In addition, the management acknowledged rent revenues of $22,756 from the Significant Tenant and an increase in brokerage revenues of $236,592. They also attained $139,653 from operations. This was a considerable milestone from the $9,753 of Q2 2020. As of June 30, 2021, the cash at hand stood at $1,031,316, compared to $699,335 as of December 31, 2020.
Integrating Legacy Operators While Creating Value and Business Opportunities
The Arizona headquartered, Zoned Properties, supports real estate development and investment models. It is acting quickly to address complex real estate projects and the specific needs of a modern market. Nonetheless, they should drive value while creating business opportunities.
McLaren says, “…Zoned Properties is proud to be working towards evolving commercial real estate development practices for emerging and highly regulated industries.”
Finalized partnerships with two software and Property Technology platforms and with Zoneomics Corporation formed part of the success for the company.
The Advancement of the company’s Services for Emerging Markets
In other news, Patrick Moroney has joined Zoned Properties as a Director of Real Estate. He will oversee the corporation’s in-house transactional brokerage division. The appointee has vast experience in the regulated cannabis space, having worked on complex projects in addition to being well-versed in regulatory compliance.
Moroney’s presence will allow Zoned Properties to identify, develop and deliver specific needs related to complex projects. Meanwhile, the company continues to redefine the approach to investing in commercial real estate.
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