MJ HOLDINGS ENTERED INTO A SECOND CULTIVATION MANAGEMENT AND SALES AGREEMENT
Posted on Tuesday April 13, 2021

Company Announces Its Second Cultivation Management Agreement at its 260 Acre Farm in Amargosa Valley Las Vegas, NV, April 13, 2021 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company, which through its subsidiaries, provides services to the regulated cannabis industry inclusive of cultivation and production management, infrastructure development and sales is pleased to inform shareholders that, in furtherance of its initiative to activate its proprietary farm land, it has entered into a cultivation management agreement with Natural Green, LLC a Nevada limited liability corporation. The Las Vegas Review Journal (April 8, 2021 at reviewjournal.com) reports that “Experts expected Las Vegas would recover, but not this quickly.” It’s good to see that “… resort traffic and occupancy rates are quickly closing in on pre-pandemic levels”. Paris Balaouras, Founder and Chief Cultivation Officer at the Company stated: “I’m tracking the strength in Las Vegas as that is our core market and we’re delighted to see that the weekend occupancy rates are approaching 95%. Of course, our business will continue to grow as tourism rebounds in Las Vegas. We’re confident that this is a primary driver for qualified companies such as Natural Green to desire to work with us at our Amargosa Farm. Their specialized style of management is sure to produce unique product on their allocated 8 acres.” The agreement’s initial term is for 10 years with 5-year extensions, provides for a substantial deposit and minimum revenue requirements beginning in the third year. Roger Bloss, Interim-CEO commented that “The addition of Natural Green complements our previous management agreement (10 acres) with MKC Development Group, LLC and is further confirmation that our business model on our 260-acre Farm: organic, outdoor grow with ample water rights, perfect sunshine and just the right amount of breeze, in Amargosa Valley is highly desirable for cannabis cultivation. In addition, this agreement enhances our balance sheet and our overall financial stability because as these projects come on line our utilization for cultivation will increase from 3 acres to in excess of 15 acres.” About MJ Holdings, Inc. MJ Holdings Inc. (OTCPK: MJNE) is a diversified holding company providing services to the regulated cannabis industry. Through our subsidiaries we provide cultivation and production, management services as well as infrastructure sales and development. The Company’s cultivation operations include management of a three-acre co-operative for in the Amargosa Valley of Nevada. The Company currently manages a State of Nevada issued cannabis production license and expects to provide manufacturing and production facilities and resources to third party manufacturers and cultivators as part of our production campus that is currently under development. The Company also provides management consulting services to state licensed dispensaries. Safe Harbor The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "anticipates," "plans," "expects," "intends," "will," "potential," "hope" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained from the SEC's website at www.sec.gov. The parties do not undertake any obligation to update forward-looking statements contained in this press release. Company Contact: Roger Bloss, Interim Chief executive Officer roger@mjholdingsinc.com (805) 796-6663

MJ Holdings, Inc. Announces Successful Culmination of Interim CFO Project
Posted on Tuesday April 06, 2021

Company completes critical initiative of establishing process to achieve and maintain SEC filing compliance. Las Vegas, NV, April 06, 2021 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company, which through its subsidiaries, provides services to the regulated cannabis industry inclusive of cultivation and production management, infrastructure development and sales is pleased to inform shareholders that Jim Kelly, Interim-CFO since October 2020, has completed his task in stabilizing the Company’s financial structure and is leaving the Company to return to his work as a stock analyst and consultant. In October 2020, Jim Kelly joined the Company as Interim-CFO. The critical initiative at the time was to work with Paris Balaouras, Chief Cultivation Officer, Roger Bloss, Interim-CEO, Wayne Anderson, the Company’s Securities and Exchange Commission (“SEC”) consultant and Bernie Moyle, Corporate Secretary on the daunting and time-sensitive project of bringing the Company current with the financial filing requirements with the SEC. Through Q3 2021, the Company’s filings are current, and the Company’s 2020 Annual Report is on schedule to be filed shortly. As this initiative has been successfully closed out, Mr. Kelly will now relinquish his role as Interim-CFO and return to futures and stock trading. As Mr. Kelly transitions from the Company, a new financial team has been formed to include both outside consultants and associates of MJ Holdings. Assisting the CEO and CCO will be Bernie Moyle, Corporate Secretary, who will take on the additional roll of Principal Financial Officer. Mr. Moyle’s new team will include the Company’s outside audit firm, Sadler Gibb & Associates, SEC Consultant, an accounting firm expected to be retained shortly and new in-house staff positions to support accounting and compliance. Roger Bloss, Interim CEO of MJ Holdings noted that, “We have a fantastic relationship with Mr. Kelly, and cannot thank him enough for his focused leadership and tenacious ‘can do’ attitude that has helped us restructure our financial and compliance team and build our balance sheet. His leadership brought us to a respectable position in the OTC Marketplace. The work that Jim completed is consistent with our previously stated goal of operating a successful organic, out-door-grow cannabis cultivation enterprise and a results-oriented company that always keeps a focus on the value it brings to all of its stakeholders including our associates, vendors, and shareholders.” Paris Balaouras, Chief Cultivation Officer added, “To have been able to attract the talent of Jim Kelly to apply his focused skill set to the specific needs that we had at the time is just remarkable. We wish him the very best of luck as we move forward with the game plan that he helped to structure. The new team will be orchestrated by Mr. Moyle and will include all necessary aspects of SEC compliance, audit, and an integration with Metrc and our Apex accounting system. Jim has really helped us to rebound, and brought us to a good, stable place both internally and as a public company. Now, we are poised to grow” About MJ Holdings, Inc. MJ Holdings Inc. (OTCPK: MJNE) is a diversified holding company providing services to the regulated cannabis industry. Through our subsidiaries we provide cultivation and production, management services as well as infrastructure sales and development. The Company’s cultivation operations include management of a three-acre co-operative for in the Amargosa Valley of Nevada. The Company currently manages a State of Nevada issued cannabis production license and expects to provide manufacturing and production facilities and resources to third party manufacturers and cultivators as part of our production campus that is currently under development. The Company also provides management consulting services to state licensed dispensaries. Safe Harbor The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "anticipates," "plans," "expects," "intends," "will," "potential," "hope" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained from the SEC's website at www.sec.gov. The parties do not undertake any obligation to update forward-looking statements contained in this press release. Company Contact: Roger Bloss, Interim Chief executive Officer roger@mjholdingsinc.com (805) 796-6663

MJ Holdings, Inc. Begins the Process of Building Out its Proprietary Grow Facility on 60 Acre Farm at Amargosa
Posted on Tuesday March 09, 2021

In anticipation of successfully securing its cultivation license for The Farm at Amargosa, The Company has begun the process of constructing the necessary facilities to accommodate its proprietary grow as well as that of the MKC Development Group, LLC (MKC) under its Management Agreement. Las Vegas, NV, March 09, 2021 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company, which through its subsidiaries, provides services to the regulated cannabis industry inclusive of cultivation and production management, infrastructure development and sales is pleased to inform shareholders that it has begun construction on the necessary improvements to the first phase of its 260 acres of land in Amargosa Valley (The Farm) for the benefit of its proprietary cultivation as well as that of third party management agreements. Pursuant to the MIPA3 with MJ Distributing, Inc. and affiliates (not related to MJ Holdings, Inc) the Company has commenced the construction process to support the cultivation license change of location to The Farm. The buildout will accommodate the Company’s proprietary grow as well as that of our first management agreement with MKC; covering the first phase of approximately 20 acres. The change of location remains contingent upon completion of the application process and the necessary approvals of both the county and state. Mr. Balaouras, Founder and Chief Cultivation Officer noted, “The change of location process is fully under way. We have ordered the necessary fence required for security and look forward to completing the build out and commencing cultivation on The Farm this year. We are very excited about our proprietary strains from Greece developed specifically for arid/desert growing. Additionally, we have two existing greenhouses on site where we can cultivate a cycle of Auto flower. Finally, as we expand production under our Management Agreement with MKC both quantity and diversity of product will be expanded. Their facility, once completed, will include approximately 6 acres of cultivation plus the necessary facilities for harvesting, drying, curing, freezing and preparation for production.” Roger Bloss, Interim CEO added, “We are continuing our focus on cost controls and a commitment to accomplishing our major initiatives as we work to improve operations and increase long term shareholder value. As previously discussed, these initiatives include completing the license acquisitions and activating The Farm. We have our first Management Agreement signed with MKC, and they are engaged with us in the commencement of improvements at The Farm.” About MJ Holdings, Inc. MJ Holdings Inc. (OTCPK: MJNE) is a diversified holding company providing services to the regulated cannabis industry. Through our subsidiaries we provide cultivation and production, management services as well as infrastructure sales and development. The Company’s cultivation operations include management of a three-acre co-operative for in the Amargosa Valley of Nevada. The Company currently manages a State of Nevada issued cannabis production license and expects to provide manufacturing and production facilities and resources to third party manufacturers and cultivators as part of our production campus that is currently under development. The Company also provides management consulting services to state licensed dispensaries. Safe Harbor The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "anticipates," "plans," "expects," "intends," "will," "potential," "hope" and similar expressions are intended to identify forward-looking statements. These forward-looking materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained from the SEC's website at www.sec.gov. The parties do not undertake any obligation to update forward-looking statements contained in this press release. Company Contact: Roger Bloss, Interim Chief Executive Officer roger@mjholdingsinc.com (805) 796-6663

MJ Holdings, Inc. Enters Agreement to Acquire Medical and Recreational Cultivation and Production Licenses
Posted on Thursday February 25, 2021

Company progresses from LOI to MIPA3 to acquire cultivation and production licenses and to begin cultivation on proprietary land Las Vegas, NV, Feb. 25, 2021 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company, which through its subsidiaries, provides services to the regulated cannabis industry inclusive of cultivation and production management, infrastructure development and sales is pleased to inform shareholders that it has progressed from a Letter of Intent (LOI) to a Membership Interest Purchase Agreement (MIPA3) to purchase two cultivation licenses (medical and recreational) and two production licenses (medical and recreational) and transfer the appropriate licenses to proprietary land. The MIPA3 with MJ Distributing, Inc. and affiliates (not related to MJ Holdings, Inc) provides for a closing to occur as soon as all license transfer conditions are approved, and the applicable licenses are transferred to MJ Holdings’ property (260 acres in Armargosa, NV referred to as “The Farm”). A backstop has been included in the MIPA3 to allow MJ Holdings to manage a grow under the licenses until the transaction is completed. For purposes of expediting the transactions, Paris Balaouras, Founder and Chief Cultivation Officer of MJ Holdings, Inc., has been listed as a Managing Member of the selling entities. Mr. Balaouras noted, “In consideration of $1.250M and 200,000 shares of our common stock (Purchase Price), we will soon fully control our own destiny as we have applied to transfer the cultivation licenses to our proprietary land: The Farm. We have arranged an amicable separation under our existing management agreement with Curaleaf/Acres and are developing our cultivation facility on The Farm for our own use. With the enormous Las Vegas tourism industry soon to be on the rebound, we are well positioned to meet or exceed our fair share of demand. With the advantages of The Farm, including excellent soils, an organic grow and company owned water rights we are seeing an increase in interest from third parties who want to manage under our license. One example is our recent Management Agreement with MKC Development Group, LLC (MKC). They will lease and build out a 10-acre cultivation and management project at The Farm. We expect similar, well-funded groups to allow us to expand cultivation practices with diverse product and unique strains to meet expected customer demand.” Roger Bloss, Interim CEO added, “As we explained in our 10-K filing in December, we are committed to accomplishing our major initiatives as we work to improve operations and increase long term shareholder value. These initiatives included completing the license acquisitions and activating The Farm. Soon we can mark these initiatives as having been accomplished. Additionally, we are very excited to begin working with MKC on their management agreement at The Farm and we look forward to adding additional similar agreements that will expand our land utilization and growing capacity. Management agreements will diversify our revenue sources and, subject to negotiated terms, will provide for substantial long term monthly revenue streams without the need for extensive capital investment.” About MJ Holdings, Inc. MJ Holdings Inc. (OTCPK: MJNE) is a diversified holding company providing services to the regulated cannabis industry. Through our subsidiaries we provide cultivation and production, management services as well as infrastructure sales and development. The Company’s cultivation operations include management of a three-acre co-operative for in the Amargosa Valley of Nevada. The Company currently manages a State of Nevada issued cannabis production license and expects to provide manufacturing and production facilities and resources to third party manufacturers and cultivators as part of our production campus that is currently under development. The Company also provides management consulting services to state licensed dispensaries. Safe Harbor The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "anticipates," "plans," "expects," "intends," "will," "potential," "hope" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained from the SEC's website at www.sec.gov. The parties do not undertake any obligation to update forward-looking statements contained in this press release. Company Contact: Roger Bloss, Interim Chief Executive Officer roger@mjholdingsinc.com (805) 796-6663