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
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.
FY2024 revenue $3.79M (+31% YoY); net income $574K vs loss of $540K in 2023 (+206%).
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.
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