$ZDPY Announces Letter of Intent for Lease at Parachute Business Park

Bryan McLaren, Chief Executive Officer of Zoned Properties, stated, “We look forward to building the relationship with American Green, Inc. as our first tenant at the Parachute Marijuana Business Park. Our efforts to develop properties in this location began in February when we signed a letter of intent to purchase a small tract of land. Since that time, we have expanded the deal to include up to 35 acres for potential development and very quickly secured our first prospective tenant. We look forward to sharing additional details shortly as we expect the development of this project to progress rapidly by deploying our Triple Set (SSS) development model; a sophisticated, safe and sustainable set of design principles.”

Jonathan Miller, Chief Executive Officer of American Green, Inc., added, “The Zoned Properties Triple-Set model works well for us, enabling us to more rapidly enter new markets with a reasonable lease cost for a fully built-to-suit, technologically advanced facility. We are looking at markets outside of Colorado and working with Zoned Properties makes great sense. With Zoned Properties, we can accelerate our model for brand awareness in this rapidly growing industry, creating a significant and sustainable competitive advantage for American Green, Inc.”

About Zoned Properties, Inc. (ZDPY):

Zoned Properties, Inc. is 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 medical marijuana industry. The Company acquires commercial properties that face unique zoning challenges and identifies solutions that can potentially have a major impact on the cash flow and value generated. Zoned Properties, Inc. targets commercial properties that can be acquired and potentially re-zoned for specific purposes. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substances Act.

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