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MJNE

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Latest Financial News for MJNE


MJ Holdings Highlights its Progress in the First Quarter
Posted on Wednesday June 02, 2021

Reconstituting the C-Suite in 2020 is beginning to show positive results in 2021 Las Vegas, NV, June 02, 2021 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (OTC PINK: MJNE) a diversified holding company, which through its subsidiaries, provides cultivation and production services to the regulated cannabis industry with a goal to be the largest cannabis cultivation facility in Nevada, is pleased to provide highlights of the recent 1st quarter 2021 activity. Early in quarter, MJNE sold its 1.5 billion sha


MJ Holdings Clarifies The Timing Of The Sale Of Its Healthier Choices Management Corp. Common Stock
Posted on Tuesday May 25, 2021

MJ Holdings clarifies its previous press release dated May 25, 2021 to explain the sale of its HCMC common stock was completed in February 2021. Las Vegas, NV, May 25, 2021 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company, which through its subsidiaries, provides cultivation and production services to the regulated cannabis industry, clarified that it sold shares of Healthier Choices Management Corp. common stock in February of 2021 and it has not engaged in any recent market transactions in the HCMC stock. 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 is in the process of acquiring State of Nevada issued cannabis cultivation and production licenses. In addition to its proprietary cultivation and production, the Company plans to engage with third party management service entities to cultivate cannabis on land owned by the Company at The Farm in the Amargosa Valley, NV. 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-CEOroger@mjholdingsinc.com(805) 796-6663 Media Contact:Raquel Heras, NisonCo PRraquel@nisonco.com(877) 647-6626


MJ Holdings Nets in Excess of $6,400,000 on Sale of Healthier Choices Management Corp.
Posted on Monday May 24, 2021

Significant upside on disposition of Healthier Choices Management Corp stock positions MJ Holdings to build out its infrastructure on The Farm at Amargosa Valley. Las Vegas, NV, May 24, 2021 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company, which through its subsidiaries, provides cultivation and production services to the regulated cannabis industry is pleased to inform shareholders that, in furtherance of its goal to be the largest Cannabis cultivation facility in Nevada, it has sold its 1.5 Billion shares of Healthier Choices Management Corp stock netting the Company more than $6,400,000.00. MJ Holdings will use that cash to bolster its balance sheet and to build out a significant portion of its infrastructure on its 260 acres; “The Farm,” for the benefit of its proprietary grow and for the several large-scale management agreements on The Farm. Paris Balaouras, Founder and Chief Cultivation Officer commented: “Over the past few years, we have made select investments in third party entities and this one has really paid off well. With the proceeds from our sale of Healthier Choices Management Corp stock we are now able to reduce our balance sheet obligations, secure a new set of Nevada cultivation and production licenses and proceed with the development of The Farm. We intend to invest our proceeds wisely to ensure we are the biggest cannabis company in Nevada with the best risk return profile in the entire industry.” Roger Bloss, Interim-CEO added: “With an additional $6,400,000 on our balance sheet our Company is not only stable for the foreseeable future, but with our latest management agreements we are positioned to grow at a rapid pace. Our plans are to continue to attract amazing, innovative growers that will invest in our Farm and further enhance the value of our infrastructure and, of course, our revenue stream. In essence, we are on track with our risk adverse plan to create significant revenue that will enhance our net operating profit as we are contracted with our managers/growers to collect 10% of post-tax proceeds plus expenses. We expect our cash position as a result of operations to climb from here while we consider our options for additional management agreements to enhance our growth.” 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 is in the process of acquiring State of Nevada issued cannabis cultivation and production licenses. In addition to its proprietary cultivation and production, the Company plans to engage with third party management service entities to cultivate cannabis on land owned by the Company at The Farm in the Amargosa Valley, NV. 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-CEOroger@mjholdingsinc.com(805) 796-6663 Media Contact:Raquel Heras, NisonCo PRraquel@nisonco.com(877) 647-6626


MJ Holdings Announces 10 Acre Greenhouse Management Agreement Project
Posted on Tuesday May 18, 2021

Green Grow Investments Corporation becomes the third collaborative grower to engage with MJ Holdings at the Amargosa Valley Farm Las Vegas, NV, May 18, 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 goal to be the largest Cannabis cultivation facility in Nevada, it has entered into a cultivation management agreement to develop 10 acres with Green Grow Investments Corporation. This marks the third management agreement for MJNE. Green Grow Investments Corporation expects to build an estimated 260,000 sq ft of greenhouses. The first phase is to be completed in the fall of 2021 and is targeted to include cultivation of 100,000 sq ft of premium flower. Paris Balaouras, Founder and Chief Cultivation Officer at the Company stated: “I’m excited to work with Green Grow Investments Corporation to help them achieve their goal of producing over 30,000 lbs per year for the Nevada market. As a grower, I get to work with some of the best growers in the world in a collaborative campus environment where we all learn and grow together. We are collecting more than 100 different strains of the most interesting cultivars to have seasonal sales contests that will ‘WoW’ the consumer.” Roger Bloss, CEO commented that “Our model for the 260 acre Farm at Amargosa Valley, in addition to our own cultivation program, is to provide our licensing and land to amazing brands and companies like Green Grow Investments Corporation so that they can fund and build state-of-the-art infrastructure to enable them to manage, grow and provide the best cannabis. I will be updating shareholders with an executive report this month announcing our goals and specifically highlighting our financial expectations from all these management agreements we have entered, so far. An estimated eight to ten management agreements between both cultivation and production is expected produce a revenue stream that will allow the Company to grow and expand more quickly than the competition.” As a highlight, the last two land management agreements have their greenhouses/pods already shipped. MKC Development Group expects to be under construction by early summer of 2021 with their build of 200,000 sq ft of greenhouses. This may yield 20,000 lbs of flower by 2022. Also, Natural Green LLC is expected to build 5 acres of growing pods on 8 acres of land, which should be online in 2022 with anticipated yields of 25,000 lbs of cannabis flower. 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 currently manages a State of Nevada issued cannabis cultivation and production license and provides management services and resources to third party manufacturers and cultivators who build and rent MJ Holdings land, as part of our production campus in the Amargosa Valley. 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 Officerroger@mjholdingsinc.com(805) 796-6663 Media Contact:Raquel Heras, NisonCo PRraquel@nisonco.com877-647-6626


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