Zoned Properties FY2023 revenue $2.89M (+8.5%), operating income $169K; announces two acquisitions and $16M listing

Zoned Properties, Inc.

FY2023 revenue $2.89M (+8.5% YoY); income from operations $169K vs loss of $109K in 2022.
Net loss narrowed to $540K from $574K; cash from ops dropped to $83K from $872K, attributed to debt service and strategic shift.
Subsequent to year-end: announced acquisition of Chicago dispensary at 16.5% cap rate and Arizona property for $2.75M at 12.7% cap.
Listed non-core Chino Valley cultivation property for sale at $16M to raise non-dilutive capital and focus on direct-to-consumer strategy.
Cash on hand $3.10M as of Dec 31, 2023; management expects normalized cash flow from operations in FY2024.

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