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Stock impact report

Zoned Properties Announces $1 Million Share Repurchase Program [Yahoo! Finance]

ZONED PROPERTIES INC (ZDPY) 
NASDAQ:AMEX Investor Relations: ir.zonedproperties.com
Company Research Source: Yahoo! Finance
SCOTTSDALE, AZ / ACCESSWIRE / April 23, 2024 / Zoned Properties®, Inc. ("Zoned Properties" or the "Company") (OTCQB:ZDPY), a leading real estate development firm for emerging and highly regulated industries, including legalized cannabis, today announced that its Board of Directors has approved a stock repurchase program, pursuant to which the Company is authorized to purchase up to $1 million of its common stock over an unlimited time period. "As our business continues to outperform in a challenging overall operating environment, we are thrilled to announce this share repurchase program. The approval of this program demonstrates the management team's and board's confidence in our prospects for the future, ongoing operational strength, and sound capital structure. As we scale the investment portfolio, we are keeping conservative in our capital allocation strategy while also acknowledging the significant valuation gap between our public valuation and tangible book value. Due to this, Show less Read more
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