Zoned Properties CEO: Exclusive On Recent Developments In Cannabis Real Estate

Bryan McLaren, chairman and CEO of Zoned Properties (OTCQB: ZDPY), talked about the latest in real estate development at the Benzinga Cannabis Capital Conference on Thursday.

As an expert in urban planning and zoning, McLaren got into the as a real estate investor and apparently never looked back.

His company, the Scottsdale, Arizona-based Zoned Properties is a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for the regulated cannabis industry.

With a core investor base that funded the original investment, the company acquired and developed a portfolio of properties.

Chino Valley Expansion Project

Today, Zoned Properties is "wrapping up a pretty exciting expansion with our primary tenant" at its cultivation facility in Chino Valley, Arizona, that will have a "meaningful and material impact on our ," McLaren said.

The project, worth over $8 million, is in the completion stage and is expected to more than double the size of the current facility under operations.

Once the expansion is finalized, the lease revenue from the facility is poised to increase from  $393,600 to $957,550, representing a $560,000 increase annually or 4.6 cents per common share.

Identifying Voids

"When it comes to large-scale real estate companies, there's really two forks In the road," McLaren said.

There's the "capital financing route" with real estate trusts providing financing for cannabis …

Full story available on Benzinga.com

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