MJ Holdings Buys Back 20 Million Common Shares, Raises Over $5.5M
Posted on Wednesday April 17, 2019
Las Vegas, NV, April 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Las Vegas-based MJ Holdings, Inc. (MJNE) (the “Company”) a diversified, publicly-traded holding company providing complete seed-to-sale services to the regulated cannabis industry, announces that it has privately raised $5,565,000 since late March of this year. In February, the Company was able to repurchase 20,000,000 issued and outstanding shares of its common stock for a total of $20,000. The shares originally were issued in December of 2017 in conjunction with the Company’s reverse merger with Red Earth, LLC. Red Earth is the holder of the Company’s City of Las Vegas Marijuana Cultivation License.
MJ Holdings Purchases Additional Property in Amargosa, NV
Posted on Tuesday April 09, 2019
Las Vegas, NV, April 09, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- MJ Holdings, Inc. (MJNE) (“MJNE” or “Company”), a leader in the Nevada cannabis market, has finalized the purchase of a nearly fifty-acre property, with 71-acre feet of water rights, in the Amargosa Valley of Nevada to provide: (1) necessary housing for the employees of its growing farm operations and (2) house the Company’s planned 60,000 sq. ft. state-of-the-art hemp seed lab, which is readily adaptable to grow larger as demand for high quality hemp seed genetics increases.
MJ Holdings to Acquire Two Additional Nevada Marijuana Licenses
Posted on Thursday April 04, 2019
As previously announced, MJNE recently purchased 260 acres of farmland with 180-acre feet of water rights in the Amargosa Valley of Nevada to expand its cultivation capabilities. Upon closing of the purchase of the cultivation and production licenses, the Company will immediately become the largest marijuana grower in the state.
Renowned Hotelier Roger Bloss to Join MJ Holdings Board
Posted on Tuesday March 19, 2019
LAS VEGAS, NV, March 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – MJ Holdings, Inc. (MJNE) (“MJH” or “Company”), a leader in the Nevada cannabis market, proposes to increase its number of directors to a total of three and will continue to expand the board as the company grows. MJH is proud to nominate Roger J. Bloss to the Company’s Board of Directors, and a vote of the shareholders will take place on April 1, 2019 to confirm Roger’s election.
