100s of titles, one news app for just $10 a month.
Dive Deeper:
iAnthus Reports 17% Drop In Revenue For Q1 2022, Here Are The Details
iAnthus Capital Holdings, Inc. (OTCPK:ITHUF) (CSE:IAN) reported its financial results for the first quarter ended March 31, 2022. Q1 2022…
InMed Pharmaceuticals Reports Net Sales Of $575K For 6 Months Since BayMedica Acquisition
InMed Pharmaceuticals Inc. (NASDAQ:INM), a leader in research, development, manufacturing and commercialization of rare cannabinoids, released unaudited financial results for…
Chicago Atlantic Reports Net Income Of $7.8M For Q1 2022, Higher Dividends
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) released its results for the first quarter ended March 31, 2022.
IM Cannabis Reports Record First Quarter 2022 Financial Results, Revenues Increase 169% YoY To $23.6M
IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC), a medical and adult-use cannabis company with operations in Israel, Canada, and Germany,…
One subscription that gives you access to news from hundreds of sites
Jones Soda Reports Solid Q1 Revenue Growth, What Is At The Center Of These Strong Results?
Jones Soda Co. (OTCQB: JSDA) (CSE:JSDA) released its financial results for the first quarter ended March 31, 2022.
MariMed Reports Strong Q1, Provides 2022 Financial Guidance
MariMed, Inc. (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial results…
Get all your news in one place
Latest Business news:
Apple Supplier Faces Worker Revolt in Locked Down China Factory
Violent clashes, mounting infections and vacant factory floors: the turmoil that’s engulfed tens of thousands of workers at an Apple…
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Casino Canberra to be sold to Sydney company
Aquis Entertainment Limited said earlier this month it intended to sell the casino pending shareholder approval.
Elon Musk faces lawsuit accusing him of pushing down Twitter share price
Elon Musk said last week that his bid to buy Twitter won't proceed unless he gets proof of the number…
Broadcom to buy VMware for $61bn as chipmaker looks to diversify
Broadcom said it will acquire cloud computing company VMware in a $61bn (€57bn) cash-and stock deal, the chipmaker's biggest and…
Record 2021 Revenues Bump Tesla Up 35 Places On The Fortune 500 List
It has jumped from spot 100 to 65 after its profits went up more than 600 percent last year.
From analysis to good news, read the world’s best news in one place
The rise of aspirational capitalism
This celebrity, grind-it, growth-at-all-costs model won’t cut it for the next generation.
Employers are offering big incentives to attract and retain staff
One Port Douglas hotel is offering a host of benefits to successful job candidates, including a starting bonus, paid parental…

Zoned Properties Reports Revenue Growth Of 171.4% For Q1 2022, Here Are The Details

By Vuk Zdinjak

Zoned Properties, Inc. (OTCQB:ZDPY) released its financial results for the quarter ended March 31, 2022.

Q1 2022 Financial Results

  • Revenues were $938,701 for the quarter ended March 31, 2022, compared to $345,845 for the quarter ended March 31, 2021, an increase of 171.4%.

  • Operating expenses were $929,183 for the quarter ended March 31, 2022, compared to $389,213 for the quarter ended March 31, 2021, an increase of 138.7%.

  • The company reported a net loss of $25,696 for the quarter ended March 31, 2022, as compared to a net loss of $71,335 for the quarter ended March 31, 2021.

  • The company had cash of $787,918 as of March 31, 2022, compared to $1,191,940 as of December 31, 2021, primarily reflecting $500,000 of cash used for a tenant improvement investment related to expansion at its Chino Valley Cultivation Facility.

“I am so impressed by our team, these key results and the culture we are building at Zoned Properties, which has resulted in such a great first quarter. As we continue to expand the company through recruitment, partnerships, and strategic investments we are working to bring together an increasingly diverse group of experts with skill sets focused on cannabis real estate development,” stated Bryan McLaren, CEO of Zoned Properties. “Our team established an aggressive framework for national expansion in 2022. The efforts are just starting to reflect in our quarterly results, which are focused on diversified revenue growth while maintaining healthy cash flow from operations.”

Photo: Courtesy of Jeff W on Unsplash

Related News

EXCLUSIVE: Zoned Properties Partners With Zoneomics, Launch Software Solution For Cannabis Industry

Zoned Properties Closes Over $50M In Commercial Real Estate Transactions

Zoned Properties Financial Results: Revenue $1.82M For 2021, 49.8% YoY Increase

 

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
iAnthus Reports 17% Drop In Revenue For Q1 2022, Here Are The Details
iAnthus Capital Holdings, Inc. (OTCPK:ITHUF) (CSE:IAN) reported its financial results for the first quarter ended March 31, 2022. Q1 2022…
InMed Pharmaceuticals Reports Net Sales Of $575K For 6 Months Since BayMedica Acquisition
InMed Pharmaceuticals Inc. (NASDAQ:INM), a leader in research, development, manufacturing and commercialization of rare cannabinoids, released unaudited financial results for…
Chicago Atlantic Reports Net Income Of $7.8M For Q1 2022, Higher Dividends
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) released its results for the first quarter ended March 31, 2022.
IM Cannabis Reports Record First Quarter 2022 Financial Results, Revenues Increase 169% YoY To $23.6M
IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC), a medical and adult-use cannabis company with operations in Israel, Canada, and Germany,…
One subscription that gives you access to news from hundreds of sites
Jones Soda Reports Solid Q1 Revenue Growth, What Is At The Center Of These Strong Results?
Jones Soda Co. (OTCQB: JSDA) (CSE:JSDA) released its financial results for the first quarter ended March 31, 2022.
MariMed Reports Strong Q1, Provides 2022 Financial Guidance
MariMed, Inc. (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial results…
Get all your news in one place