In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Zoned Properties Inc. (OTCMKTS:ZDPY) reported that Johnston Greg has picked up 1,262,500 of common stock as of 2017-01-23.

The acquisition brings the aggregate amount owned by Johnston Greg to a total of 1,262,500 representing a 7.3% stake in the company.

For those not familiar with the company, Zoned Properties, Inc. is a commercial property, project development and management services company. The Company is engaged in identifying, developing and managing properties in industries, including the licensed medical marijuana industry. The Company operates in the operating, leasing and managing commercial properties segment. The Company maintains a portfolio of properties that it owns, leases and manages. In addition, it provides direct consultation and support for the development of each property. Its development ranges from architectural design and build-out, utility installation, property management, facilities management and security systems. The Company’s property portfolio includes land and real property constructed in Green Valley, Arizona; land and real property in Kingman, Arizona; vacant land in Gilbert, Arizona; a multi-tenant industrial park in Tempe Arizona, and land and real property of approximately 50 acres in Chino Valley, Arizona.

A glance at Zoned Properties Inc. (OTCMKTS:ZDPY)’s key stats reveals a current market capitalization of 34.55 million based on 17.19 million shares outstanding and a price at last close of $2.20 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-07-28, Friedman picked up 100 at a purchase price of $1.00. This brings their total holding to 20,800 as of the date of the filing.

n the sell side, the most recent transaction saw Rosenfeld unload 500 shares at a sale price of $3.65. This brings their total holding to 18,300.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Zoned Properties Inc. (OTCMKTS:ZDPY) as things move forward to see if its progress aligns with these transactions.

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