Zoned Properties Inc (OTCMKTS:ZDPY) reported a drop of 3.4% YoY in revenues to $309,000 in Q4 2020. Its operational expenses declined by 13.26% to $268,000 in Q4 2020.
Zoned Properties’ full-year revenues in 2020 are $1.22 million. The company reported $12,000 in Q4 2020 by erasing the loss in the previous year’s same quarter. Its cash balance also improved to $699,000 in Q4 2020.
CEO of Zoned Properties, Bryan McLaren, said the company put in significant efforts to position it as a leader in developing real estate focusing on the cannabis space. Its value-driven service approach helps the company to drive growth in investment opportunities.
Zoned Properties will use funds of $8 million derived by leveraging its property portfolio in Arizona for expanding its infrastructure, mainly in Chino Valley. The company expects to commence the operations of its expanded properties in Q2 2021. Zoned Properties expects to earn rental revenues on operationalizing the projects in Chino Valley.
Strategic investment of $100,000
Zoned Properties invested $100,000 into a retail cannabis franchiser – Open Dør. The company improved its investments by the end of 2020 to $200,000. It will receive a pie of the renewal fee and franchise fee for its investments in the franchiser.
Zoned Properties also advanced several new and existing growth divisions like Franchise Services, Brokerage Services, Advisory Services, Real Estate Data Services, and Franchise Services.
The company engages in the development of integrated services for its investment and real estate development model. It expects to boost opportunity and value through its Data Services, Franchise Services, Brokerage Services, and Advisory Services associated with real estate.
Zoned Properties engages in offering sustainable and real estate services for the customers in the legal cannabis industry to promote growth. It focuses on investing capital to take over and develop commercial properties and lease them on a triple net basis.
Innovative Industrial Properties Inc (NYSE:IIPR) invests $1.1 billion
Innovative Industrial Properties Inc (NYSE:IIPR) invested a total of $1.1 billion as of April 5, 2021, in its 68 properties across the US. The company also agreed to reimburse an additional $359.7 million to certain sellers and tenants for tenant improvements and completing construction activities.
Innovative Industrial inked a long-term lease accord with Holistic Industries Inc in January 2021.
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