Zoned Properties Inc. (ZDPY)

[Luho]

SCOTTSDALE, Ariz., Aug. 7, 2018 /PRNewswire/ -- Zoned Properties, Inc. (OTCQX: ZDPY), a strategic real estate development firm whose primary mission is to identify, develop and lease sophisticated, safe and sustainable properties in emerging industries, including the licensed medical marijuana industry, today announced that it remains on schedule to complete the development of 50,000 square feet of operational space at its licensed medical marijuana cultivation facilities located in Chino Valley, Arizona. The Company expects that its primary tenant and client, Hana Meds, will have the 50,000 square feet of developed cultivation space operational and producing by the end of 2018. The completion of this phase of development will amplify Zoned Properties' ability to recognize both fixed rental revenue and variable, percentage-based advisory fee revenue equal to 10% of Hana Meds gross revenue beginning in January 2019.

https://www.prnewswire.com/news-releases/zoned-properties-provides-update-on-chino-valley-cultivation-development-300692864.html