Zoned Properties subsidiary signs $1.5M deal to buy Tucson property for cannabis use

Zoned Properties, Inc.

Purchase price $1.5M; $25K earnest money deposit; property at 3008 N Stone Ave, Tucson, AZ.
Seller financing of $1.2M via promissory note; $300K cash due at closing.
Closing contingent on securing a medical marijuana tenant or regulatory approval for adult use.
Earnest money deposit refundable during 30-day inspection period; $5K released to seller every 30 days after.

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