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 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.
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.
Max materiality 0.90 · Median 0.68 · Most common event earnings