$ZDPY News - Zoned Properties Issues Year End Shareholder Update

SCOTTSDALE, Arizona, - (http://www.financialnewsmedia.com News Alert) - Zoned Properties, Inc. (OTC: ZDPY) a lessor of land, facilities and equipment to licensed medical marijuana operators has issued a year-end shareholder update.



The company is pleased to announce updates regarding its senior leadership team and long-term operational strategy. Bryan McLaren, Chief Executive Officer, is excited to bring together a Board of Directors with an extensive background in business and leadership to help drive the future growth of the company. Mr. McLaren has successfully recruited Irvin Rosenfeld, Art Friedman, and Alex McLaren to join him on the Zoned Properties Board of Directors. The team is currently speaking with prospective candidates to fill the fifth board position. Our new Board of Directors includes leaders with vast experience from the medical marijuana advocacy movement, the alcohol distribution industry, and the field of medical research.



In addition, the company has signed agreements with Laura Anthony, ESQ to represent the company as SEC Counsel, along with Adam Wasserman, CPA to manage the preparation of the company\'s financial statements. Mr. McLaren stated, \"We have worked hard to build an experienced leadership team at Zoned Properties that will support our mission to create a company based on transparency and integrity - I\'m proud to know that this team believes in the vision for the future for Zoned Properties.\"



The company would like to announce the hiring of Michael Iacono, who will lead our Business Development team. Mr. Iacono comes to the company as a licensed real estate broker that will assist the company in expanding its operations on a national level. As the industry progresses into other states, he will be tasked with building the company\'s backlog of opportunities. Currently, he will work to set up a Zoned Properties presence in Florida, expanding the operational network.



Zoned Properties recently reported unaudited third quarter financials, in which it showed $10.5 M in assets including $9M in real estate and equipment. Those assets primarily represent five properties acquired in Arizona and New Mexico. At present time, four of the five properties have state-licensed medical marijuana operators signed to ten-year lease agreements. Each licensed tenant is...