Zoned Properties Q1 revenue up 171% to $939K; net loss narrows to $26K

Zoned Properties, Inc.

2022-Q1 EPS reported $0.00 revenue$938,701

Revenue $938,701 vs $345,845 YoY, +171.4%; operating expenses $929,183 (+138.7%).
Net loss improved to $25,696 from $71,335 in Q1 2021; cash $787,918 vs $1,191,940 at Dec 31.
Cash used $500K for tenant improvement at Chino Valley facility; annualized rent there rises to $1.05M.
Launched REZONE Beta property-tech platform in April to democratize cannabis real estate data.
Investment portfolio generates $1.83M annual triple-net rental revenue; open Dør franchise partnership.

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