secwatch.observer — SEC 8-K summary
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Issuer:     Zoned Properties, Inc. (ZDPY)
CIK:        0001279620
Form:       8-K
Filed at:   2022-10-12T23:59:59+00:00
Accession:  0001213900-22-063520
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1279620/000121390022063520/0001213900-22-063520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1279620/000121390022063520/ea167041-8k_zonedpro.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-063520

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer