Arizona Cannabis Cultivation Property Is For Sale

Arizona-based Zoned Properties, a technology-driven property investment company for emerging and highly regulated industries, including legalized cannabis, announced that the company has listed its cannabis cultivation property in Chino Valley, Arizona for sale at a purchase price of $16 million.

The Chino Valley Property has been a valuable non-core asset within the company’s portfolio and this potential sale is part of a strategic shift to streamline the company’s portfolio and concentrate efforts on a direct-to-consumer real estate strategy.

“As part of our ongoing strategic review to enhance shareholder value, we are very pleased to announce our intention to sell our Chino Valley Property,” siad Bryan McLaren, Chief Executive Officer of Zoned Properties. The Chino Valley Property, which we now consider a non-core asset to our investment strategy, represents a significant capital reallocation opportunity for Zoned Properties. We expect that, if and when the Chino Valley Property is sold, the non-dilutive proceeds from the sale would be instrumental in supporting the Company’s future real estate portfolio acquisition plans.”

Get more details about the Chino Valley Property listing at: zonedproperties.com/listings