Derek Overstreet
On April 23, 2025, the following members of the Board submitted their respective resignations as Board members: Alex McLaren, Derek Overstreet and Jody Kane.
Highest-materiality recent filing
Zoned Properties cuts Chino Valley sale price by $800K, expects MBO APA offset
First Amendment dated Aug 12, 2026 reduces Chino Valley property price from $8.0M to $7.2M.
Zoned Properties Q2 2026 revenue down 17.5% to $774K; net income up 180% to $74K
Q2 revenue $773,977, down 17.5% YoY from $937,774; operating loss $46,236 vs income $272,188.
Closed on Green Valley and Kingman properties on June 30, 2026, for $1.0M total ($0.5M each).
Zoned Properties Q1 net loss of $54,660 vs prior-year net income; revenue up 20%
Total revenues $1,172,436, up 20.3% YoY from $974,552.
Closed sale of Woodward Property (23600-23634 Woodward Ave, Ferndale/Pleasant Ridge, MI) for $700,000 cash.
Sale price $9.0M: $8M for Chino Valley, $500K each for Kingman and Green Valley properties.
Zoned Properties reports FY2025 net loss, impairment charges, and liquidation plan
Total revenues $4.14M (+9.2% YoY); net loss $2.85M ($0.24/sh) vs prior year net income $0.57M.
Zoned Properties cancels unvested options, grants restricted stock to execs and directors
CEO Bryan McLaren salary increased 10% to $275,000; President Berekk Blackwell to $210,000.
MBO purchase price $7M for all remaining assets; plus $9M option on CKG properties for gross total up to $16M.
Zoned Properties enters amended leases with $9M purchase option for three cannabis properties
Entered 14-year A&R leases for three Arizona cannabis properties, contingent on tenant change of control to A&R Consultants.
Zoned Properties Q3 net income up 164% YoY to $155K; nine-month net income +166%
Q3 net income $155,197 ($0.02/diluted share) vs $58,872 in Q3 2024, +164%.
Zoned Properties Q2 net income of $26,326, revenue up 35% YoY
Total Q2 revenues of $937,774 (+35% YoY); six-month revenue $1.91M (+25%).
Zoned Properties Q1 revenue up 16%, net income +51%; Ohio acquisitions with Trulieve, Verano
Revenue $974,552 (+16% YoY); net income $144,858 (+51%); EPS $0.01 per share.
Zoned Properties board reduced to four members after three director resignations
Three directors (Alex McLaren, Derek Overstreet, Jody Kane) resigned on April 23, 2025.
Zoned Properties acquires Columbus property using $1.5M loan from First Fidelity Bank
Acquired commercial real estate at 601 S. High Street, Columbus, OH via affiliate ZP OH Columbus, LLC.
FY2024 revenue $3.79M (+31% YoY); net income $574K vs loss of $540K in 2023 (+206%).
Zoned Properties appoints Cole Stevens to Board; grants 105,000 stock options
Cole Stevens appointed to Board of Directors effective November 25, 2024.
Zoned Properties Q3 2024 revenue up 43% to $1.03M; operating income jumps 806%
Revenue of $1,029,630 for Q3 2024, up 43% YoY; property portfolio revenue up 18%.
Zoned Properties Q2 2024: net loss $0.00 EPS but operating income up 59%; expands portfolio
Q2 total revenues $692K (-10% YoY); property investment revenues $679K (+11% YoY).
Zoned Properties secures 5 Ohio properties with multi-state operators for adult-use licenses
Five properties secured in Ohio with Tier 1 and Tier 2 multi-state operators; preliminary state approval received.
Zoned Properties acquires Surprise, AZ property; annualized rental revenue reaches $3M
Acquired property in Surprise, AZ for ~$1.60M including purchase price, closing costs, and developer improvements.
Zoned Properties Q1 revenue +22% to $837K, net income $96K vs loss, launches $1M buyback
Revenue $837,052 vs $688,024 (+22%); net income $96,473 ($0.01 EPS) vs net loss $309,648.
Tenant Rapid Fish LLC to spend $850,000 on capital improvements at Woodward Ave premises in Pleasant Ridge, MI.
Zoned Properties approves $1M common stock repurchase program with unlimited duration
Board authorized repurchase of up to $1 million of common stock over an unlimited time period.
FY2023 revenue $2.89M (+8.5% YoY); income from operations $169K vs loss of $109K in 2022.
Zoned Properties lists AZ cultivation property for $16M sale as part of strategic shift
Cultivation property in Chino Valley, AZ listed for sale at $16 million.
Total investment of ~$1.75M includes purchase price, closing costs, and seller improvements; $1.0M tenant improvement allowance for Sunday Goods.
Zoned Properties to present at Emerging Growth Conference on March 6, 2024
Virtual presentation at Emerging Growth Conference on March 6, 2024 at 1:45 PM ET.
Purchased Ashland Avenue Property in Chicago for ~$1.6M inclusive of closing costs; leased to Justice Cannabis Co.’s BLOC Dispensaries.
Zoned Properties posts Q3 net income $114.5K, revenue up 17% YoY
Q3 revenue $720,450 (+17% YoY); nine-month revenue $2.18M (+6%).
Zoned Properties Chief Legal Officer Daniel Gauthier resigns effective Oct 1
Daniel Gauthier resigned as Chief Legal Officer, Chief Compliance Officer, and Corporate Secretary.
Zoned Properties Q2 revenue up 55% to $772,617, swings to net income of $42,159
Revenue $772,617 (+55% YoY) for Q2 2023; net income $42,159 vs net loss $39,063 in Q2 2022.
Zoned Properties Q1 revenue down 26% to $688K; net loss widens to $310K
Total revenue $688K, down 26% YoY; property investment portfolio revenue $610K, up 56.5%.
Dismissed D. Brooks and Associates CPA's, P.A. on April 18, 2023; no audit disagreements in prior two fiscal years.
Revenue $2.66M (+46% YoY); net loss $574K vs $166K loss in 2021.
Acquired Pleasant Ridge, MI property for $4.3M, including $1.85M seller financing.
Zoned Properties terminates agreement to buy Tucson real property from Neal Bradley Starr
ZPRE, a wholly owned subsidiary of Zoned Properties, terminated the Purchase and Sale Agreement for Tucson, AZ real property effective Jan 17, 2023.
Zoned Properties subsidiary amends $4.5M loan to fixed-rate swap, commences principal payments
First Amendment to Loan Agreement requires Zoned Arizona to begin paying principal + interest on $4.5M MAL (multiple access loan).
Paid $437,154 for exclusive 90-day option to purchase three parcels in Pleasant Ridge, Michigan for $1,020,000.
Green Dot Labs becomes new primary tenant at Zoned Properties' Tempe property via lease assignment and amendment.
Zoned Properties Q3 revenue up 59% YoY to $615K; net loss improves to $77K from $95K
Q3 2022 revenue $614,988 (+58.8% YoY); net loss $77,328 vs $95,495 in prior year.
Zoned Properties posts investor presentation; no new financial metrics disclosed
Presentation highlights role as commercial real estate services provider for regulated cannabis industry.
Zoned Properties subsidiary signs $1.5M deal to buy Tucson property for cannabis use
Purchase price $1.5M; $25K earnest money deposit; property at 3008 N Stone Ave, Tucson, AZ.
Zoned Properties Q2 net loss $39K; six-month revenue up 60% to $1.44M; new $4.5M debt facility
Revenue for six months ended June 30, 2022: $1,437,353 (+60.4% YoY); net loss $64,759 vs net income $41,259 prior year.
Zoned Properties Q2 net loss of $39K vs net income $113K year ago; revenue down 9.3%
Revenue for six months ended June 30, 2022 rose 60.4% to $1.44M from $896K; net loss of $64.8K vs net income of $41.3K.
Zoned Properties appoints COO Berekk Blackwell as President, enters employment agreement
Berekk Blackwell appointed President, effective July 23, 2022; remains COO.
Zoned Properties secures up to $4.5M debt facility from East West Bank for cannabis real estate
Facility secured at 50% loan-to-value against Tempe, AZ property; 6-year term with 25-year amortization.
Zoned Properties invests $50,000 in AnamiTech's GreenSpace PropTech platform
Invested $50,000 in AnamiTech Series A convertible preferred stock.
Zoned Properties appoints Daniel Gauthier as Chief Legal Officer with $135k salary and stock options
Daniel Gauthier appointed CLO, CCO, and Corporate Secretary, effective June 1, 2022.
Zoned Properties Q1 revenue up 171% to $939K; net loss narrows to $26K
Revenue $938,701 vs $345,845 YoY, +171.4%; operating expenses $929,183 (+138.7%).
On April 23, 2025, the following members of the Board submitted their respective resignations as Board members: Alex McLaren, Derek Overstreet and Jody Kane.
On April 23, 2025, the following members of the Board submitted their respective resignations as Board members: Alex McLaren, Derek Overstreet and Jody Kane.
On April 23, 2025, the following members of the Board submitted their respective resignations as Board members: Alex McLaren, Derek Overstreet and Jody Kane.
On September 15, 2023, Daniel Gauthier resigned as Chief Legal Officer, Chief Compliance Officer and Corporate Secretary of Zoned Properties, Inc. (the “Company”) to pursue other business opportunities.
On July 23, 2022, the Board of Directors of Zoned Properties, Inc. (the “Company”) appointed Berekk Blackwell, the Company’s Chief Operating Officer, as President of the Company, effective immediately.
approved the appointment of Daniel R. Gauthier as the Company’s Chief Legal Officer, Chief Compliance Officer, and Corporate Secretary.
On May 3, 2022, the Board of Directors (the “Board”) of Zoned Properties, Inc. (the “Company”) approved the appointment of Daniel R. Gauthier as the Company’s Chief Legal Officer, Chief Compliance Officer, and Corporate Secretary.
the Board appointed Mr. Kane as a director of the Company, to fill one of the newly created vacancies
On July 1, 2021, the Board of Directors of Zoned Properties, Inc. (the “Company”) appointed Berekk Blackwell to serve as the Company’s Chief Operating Officer, effective immediately.
Max materiality 0.90 · Median 0.60 · Most common event other_material