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Yep - UP - UP and AWAY - $1.00 COMING SOON and then BOOM!!
Yes - GREAT NEWS - RIGHT BACK UP TO AT LEAST $1.00 - THANKS FOR SHARING!!
Fresh 8K...HUGE 10 year deal with Natural Green, LLC...do the math.
https://www.marketscreener.com/quote/stock/MJ-HOLDINGS-INC-120796862/news/MJ-HOLDINGS-INC-nbsp-Entry-into-a-Material-Definitive-Agreement-Financial-Statements-and-Exhibi-32947736/
MJ HOLDINGS, INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)
04/12/2021 | 04:32pm EDT
Item 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On March 26, 2021 (the "Effective Date"), MJ Holdings, Inc. ("MJNE") entered into a Cultivation and Sales Agreement (the "Agreement") with Natural Green, LLC (the "Company"). Under the terms of the Agreement, MJNE shall retain the Company to provide oversight and management of MJNE's cultivation and sale of products at MJNE's Amargosa Valley, NV farm. The Agreement shall commence on the Effective Date, continue for a period of ten (10) years and automatically renew for a period of five (5) years. The Company shall be responsible for compliance, standard of care, packaging, insurance, labor matters, policies and procedures, testing, record keeping, security and marketing. The transaction closed on April 7, 2021.
As deposits, security and royalty, the Company shall pay to MJNE:
(i) a $500,000 Product Royalty deposit to be applied to the first Product
Royalty or Product Royalties;
(ii) a deposit of $20,000 to be applied against the first and last month's
Security and Compliance fee;
(iii) $10,000 on the first of each month for Security and Compliance;
(iv) a royalty of 10% of gross revenue less applicable taxes (hereinafter
"Net Sales Revenue") on all sales of product by the Company; and
(v) the Company shall, after the first two (2) years from execution of
the Agreement, be responsible to pay to MJNE a minimum royalty of
$50,000.00 per month.
As compensation, MJNE shall pay to the Company:
(i) a Management Fee that is based upon the net sales price (after taxes)
and further subject to all contractual expenses.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit No. Description
10.1 Cultivation and Sales Agreement between MJ Holdings, Inc. and
Natural Green, LLC dated March 26, 2021
MJ Holdings, Inc. Announces Successful Culmination of Interim CFO Project
11:29 AM ET 4/6/21 | GlobeNewswire
MJ Holdings, Inc. Announces Successful Culmination of Interim CFO Project
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
> Dow Jones Newswires
April 06, 2021 11:29 ET (15:29 GMT)
https://wallstreetanalyzer.com/2021/03/11/mj-holdings-inc-otc-pink-mjne/ absolutely mind blown at how little attention this ticker is getting. easily the best ROI in the industry from this PPS and MC
unbelievable opportunity here thats for sure
Listen at the 21:00 minute mark: Paris talking about how "we are looking into the East coast as well" then Bernie Moyle stuffs that cat back into the bag immediately after hehehe. Roger Bloss and Bernie Moyle are literally titans of industry, and Paris Balaouras is like the weed Godfather of Vegas. I ain't sell'n a single share until MJNE hits $11.00. That was a great interview, definitely worth listening to, thank you.
https://www.calvegas.com/team2
https://wallstreetanalyzer.com/2021/03/11/mj-holdings-inc-otc-pink-mjne/ This is an absolute must listen! $MJNE is well on its way to becoming the largest outdoor grower in the United States. The executives announce in this interview that they have virtually zero debt. The test results on their products are coming back with a lot higher terpenes and over all quality to that of indoor. CEO Paris B says their cost to grow is second to no one in the industry. That says a lot considering they were growing for Curaleaf, the largest single name brand in the world. Never mind the fact that they left from under the Curaleaf license because they have BETTER opportunity on their own 260 acre parcel where they have already begun to build the first 60 acre Grow. This is truly unbelievable. I am a long term holder here for good, I plan on holding a portion of my shares for my kids kids to sell.
There has been tons of great news lately! It’s all press release on E*TRADE and td ameritrade hardly anyone even noticing this ticker is about to make a statement that’s for sure. 4 licenses, medical and recreational 60 acres being fenced in for the first portion of the 260 acre lot. Mj holdings peers are running market caps in the billions and mj just sits here unnoticed at sound 50 million. Their loss not ours, I’ve been accumulating anything I can get
Where? What is the news?
Wow -EVEN MORE HUGE NEWS JUST NOW OUT - MJNE just keeps right on getting BETTER and BETTER - DON'T MISS OUT!!
HUGE NEWS JUST NOW OUT - MJNE IS GOING UP - WAAAAAY UP!!
$MJNE NEW LICENSE$
welp this is huge.. today's wire
Roger Bloss is a genius, he pulled off these licenses leveraging very little in assets for the purchase. This was before the HCMC cert. This news plus the 6 million dollars plus in found money will have MJNE cooking with gas. HOLD on and BUY shares, frens!!
MJ Holdings, Inc. (OTCMKTS:MJNE) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On February 5, 2021 (the “Effective Date”), the Company (as “Purchaser”) entered into a Membership Interest Purchase Agreement of MJ Distributing C202, LLC (hereinafter “C202”) and MJ Distributing P133, LLC (hereinafter “P133”)(hereinafter, the “MIPA3”) with MJ Distributing, Inc., a Nevada corporation (the “Seller”), Mark Zobrist, an individual resident of the State of Nevada (“Zobrist”), and John Goss, an individual resident of the State of Nevada (“Goss”, and collectively, with Zobrist, “Owners”).
Under the terms of the MIPA3, the Purchaser has agreed to acquire all of the issued and outstanding Membership Interests of C202 and P133 that are each a holder of certain cultivation and production certificates: (i) medical marijuana registration certificate for Cultivation (C202 – Cert. No. 48306359790925315497)(the “Medical Cultivation Certificate”), (ii) Recreational Use marijuana facility license and certificate for Cultivation (RC202 – cert. # 43160131583347244176)(the “Recreational Cultivation Certificate”), (iii) medical marijuana registration certificate for Production (P133 – Cert. No. 08705048067480042809)(the “Medical Production Certificate”), and (iv) Recreational Use marijuana facility license and certificate for Production (RP133 – cert. #07793712489874595708)(the “Recreational Production Certificate”).
In consideration of the sale, transfer, assignment and delivery of the Membership Interests to Purchaser, and the covenants made by Seller under the Agreement, Purchaser agrees to pay a combination of cash, promissory notes, and stock as consideration in the amount of One-Million-Two-Hundred-Fifty Thousand Dollars ($1,250,000.00) in cash and/or promissory notes and 200,000 shares of MJ Holdings, Inc. restricted common stock, all of which constitutes the consideration agreed to herein for (the “Purchase Price”), payable as follows: (i) a non-refundable down payment in the amount of $300,000 was made on January 15, 2021, (ii) the second payment in the amount of $200,000 was made on February 4, 2021, (iii) a deposit in the amount of $100,000 was paid on February 4, 2021, (iv) $200,000 shall be deposited on or before April 12, 2021, (v) $200,000 shall be deposited on or before June 12, 2021, and (vi) $250,000 shall be deposited within five (5) business days after the Nevada Cannabis Compliance Board (“CCB”) provides notice on its agenda that the Licenses are set for hearing to approve the transfer of ownership from the Seller to the Purchaser.
The closing of the Contemplated Transactions (the “Closing”) shall take place as soon as practicable, but no later than five (5) Business Days after the satisfaction or waiver of each of the conditions set forth in the MIPA3, inclusive of the Purchaser having obtained Ownership Approval. The transactions contemplated by this MIPA3 require privilege licensing and approvals by certain regulatory authorities (“Regulatory Authorities”) including, without limitation, the CCB and Nye County, Nevada (collectively “Ownership Approval”). Purchaser and Seller shall submit applications for the Ownership Approval within fifteen (15) days of the Effective Date.
https://marketexclusive.com/mj-holdings-inc-otcmktsmjne-files-an-8-k-entry-into-a-material-definitive-agreement-3/2021/02/
Yes in 2018, they also have had 150k dollars in marketable assets in the filings since then. That’s the 1.5 billion shares they own of HCMC worth about 5-8million dollars right now. This is definitely not something I had been expecting on top of all the other reasons to be here. What a blessing.
Maybe others here have been tracking HCMC as well? Coincidentally, MJNE and HCMC entered into a partnership a couple years back. Read below:
https://www.sec.gov/Archives/edgar/data/1456857/000121390018014245/fs12018a1_mjholdingsinc.htm
At the present time, our major supplier is Healthier Choices Management Corporation (“Healthier Choices”). We entered into an agreement with Healthier Choices, pursuant to which we agreed to purchase $2,000,000 worth of their cannabis consumption Q-Cups. We will fill this patented technology with our cannabis products and distribute to retailers for consumption by purchasers using a number of readily available vape dispensers. Healthier Choices is the exclusive supplier of Q-Cups.
If MJNE continues to do well, then so will their supplier HCMC.
Wow perfect formation this is going to be enormous
Yeah - and your shares too.
As you can see from the tail on the last candlestick, you better be quick as lightning if you want in under a dollar. May not ever get that opportunity again. Personally I’ve been buying anything I can under 2$ while it’s here and will continue to do so. The latest developments will have this ticker sitting 5$ near term never mind whatever else they have up their sleeves. #Long
JUST THE BEGINNING PEOPLE - JUST THE BEGINNING - $5.00 COMING SOOM - BE SMART AND DON'T SELL - DON'T SELL - DON'T SELL!!
BOOM - RIGHT OUT OF THE BOX - $5.00 COMING SOON FOR MJNE and then $10.00 and then......?? God - I just absolutely LOVE THIS STOCK and WHAT IS NOT TO LOVE!!
Hi Wolf, you're a living legend. I think you should snatch up a mod spot here. Thank you!
Yet another great day for MJNE - it just keeps right on getting better and better and better and (of course) JUST THE BEGINNING!!
NOW RIGHT BACK UP (PROFIT TAKING IS OVER) AND NOW STRONGER THEN EVER - $10.00 COMING SOON - BUY - HOLD - RELAX!!
Relax - just some TEMPORARY profit taking which is actually a good (healthy) thing to be happening right now - BUY - HOLD - RELAX!!
I buy in on an ask slap and immediately lose 13%. Niceeeeee.
JUST TOTALLY UNBELIEVABLE HOW THIS STOCK IS MOVING UP - this stock is going to make a lot of people rich - VERY RICH - including myself - GO MJNE RIGHT ON UP TO $10.00 PER SHARE!!
Wow - this stock is just TOTALLY AMAZING - $5.00 COMING SOON!!
Great day for MJNE with many more to come - JUST THE BEGINNING!!
I just became VERY heavily invested in MJNE - looks like a great stock with a lot of great potential for future growth and with a whole lot of potential upside to the stock price - GOOD LUCK TO US ALL!!
StocksGoneWild, with MJNE and its future growth...
A special thanks to you for informing me about MJNE when it was still considered at or near its bottom. I can't say it enough that having 260 acres is a lot to position MJNE for some huge growth within the Cannabis Industry. I am expecting to see some major achievements in the near future based on the quality of the management team here.
Also, it looks like your dream of $5.50 per share is looking more doable in the foreseeable future.
v/r
Sterling
How high do you people HONESTLY believe that the stock price of MJNE could go up in the next six (6) months - T.I.A.?
Jason Spatafora's been slapping that ask!
$MJNE
I keep slapping $mjne ask just to test it a d the ask just refills. Anyone have short report on this low float #potstock?
— Jason Spatafora (@WolfOfWeedST) February 3, 2021
Its a thing off beuaty! most people still don't even know about them!
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