The company is now a cash-rich shell with no operating revenue. Watch for declaration of a special dividend and any announcement of a reverse merger or business combination, which will determine the future value of the stock. The retained Dunlap property sale and wind-down costs will affect the final distributable cash amount.
Price Chart
Executive Summary
Zoned Properties completed the sale of substantially all of its assets to BPB Partners, LLC, a buyer owned by its CEO Bryan McLaren, President Berekk Blackwell, and employee Patrick Moroney, for a base purchase price of $7,800,000. The buyer assumed approximately $7,941,163 of indebtedness at closing. Concurrently, the company redeemed all 2,000,000 shares of preferred stock for $2,000,000 in cash, entered into severance agreements with departing executives, and retained CEO Bryan McLaren as an independent contractor. The company has divested all cannabis-related operations and expects to distribute net cash to stockholders via a special dividend and pursue a reverse merger or other transaction.
Key Financial Metrics
Key Facts
- Asset sale closed on October 30, 2026, with base purchase price of $7,800,000 under the A&R APA.
- Buyer assumed approximately $7,941,163 of indebtedness; company paid $37,781 in transaction expenses and $475,000 net cash into escrow.
- Buyer is owned by Bryan McLaren (CEO/Chairman), Berekk Blackwell (President/COO), and Patrick Moroney (employee), a related-party transaction.
- All 2,000,000 shares of preferred stock redeemed for $2,000,000 in cash ($1.00 per share liquidation preference).
- CEO Bryan McLaren resigned as officer but remains Chairman and was retained as independent contractor at $25,000/month.
- President Berekk Blackwell and employee Patrick Moroney resigned; both received severance: Blackwell 150,000 shares + $210,000 cash + $22,050; Moroney's severance terms not specified in documents.
- Company expects to distribute net cash as special dividend and pursue reverse merger or other transaction; no dividend declared yet.
- Pro forma balance sheet shows cash of $9,552,671 and stockholders' equity of $10,790,171 after transactions as of June 30, 2026.
- Pro forma statements show zero revenue and net loss of $996,935 for six months ended June 30, 2026, and net loss of $832,644 for year ended December 31, 2025.
- Company retains 100% ownership of ZP RE AZ Dunlap, LLC, which has an active purchase and sale agreement.
Financial Impact
Asset sale base price $7,800,000; buyer assumed $7,941,163 debt; preferred stock redemption $2,000,000; severance payments to executives: McLaren 250,000 shares + $275,000 cash + $36,750, Blackwell 150,000 shares + $210,000 cash + $22,050; independent director payments totaling $100,000.
Risk Factors
- Related-party transaction with management buying the assets creates potential conflicts of interest.
- Company has no ongoing revenue and must execute a reverse merger or other transaction to provide future value.
- Amount and timing of special dividend not yet determined and subject to Board discretion and Nevada law.
- Remaining liabilities and wind-down costs could reduce cash available for distribution.
- Stock may become illiquid or face delisting risk if no transaction is completed.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-114508 |
| Document: ea030988801ex10-5.htm | 0001213900-26-114508 |
| Document: ea030988801ex10-6.htm | 0001213900-26-114508 |
| Document: ea030988801ex10-4.htm | 0001213900-26-114508 |
| Document: ea0309888-8k_zoned.htm | 0001213900-26-114508 |
| Document: ea030988801ex10-7.htm | 0001213900-26-114508 |
| Document: ea030988801ex10-8.htm | 0001213900-26-114508 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 1d ago | 8-K | $0.4102 | awaiting T+60 | awaiting T+60 | $0.4270 (+4.10%) |
Sep 30, 2026 4w ago | 8-K | $0.4240 | awaiting T+60 | awaiting T+60 | $0.4270 (+0.71%) |
Jul 30, 2026 13w ago | DEFM14A | $0.4690 $0.4700 | ▲ +0.21% | ▼ −2.51% | $0.4270 (−8.96%) |
Jul 6, 2026 16w ago | 8-K | $0.4600 $0.4240 | ▼ −7.83% | ▼ −9.99% | $0.4270 (−7.17%) |
Jun 12, 2026 20w ago | PREM14A | $0.5000 $0.4550 | ▼ −9.00% | ▼ −10.26% | $0.4270 (−14.60%) |
Apr 22, 2026 27w ago | 8-K | $0.4030 $0.4680 | ▲ +16.13% | ▲ +11.11% | $0.4270 (+5.96%) |
Apr 1, 2026 30w ago | 8-K | $0.4300 $0.4550 | ▼ −5.81% | ▲ +8.35% | $0.4270 (+0.70%) |
US Market Status
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