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MJ Holdings Stock Up On Announcing Debut On OTCQB Market
by
Jelena Martinovic
September 15, 2021 8:55 am
MJ Holdings Stock Up On Announcing Debut On OTCQB Market
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MJ Holdings, Inc.
MJNE
+11.2%
reported that its stock has begun trading on the OTCQB Market under the ticker symbol "MJNE" at the market open on Tuesday, September 14.
Paris Balaouras, founder and chairman of MJ Holdings, which focuses on providing management and consulting services to cannabis enterprises, said that "trading on the OTCQB Market is a step forward for both the company and stakeholders, giving us the comfort and confidence to meet our goals in 2021 and beyond."
Roger Bloss, CEO of the Las Vegas-based company, disclosed that OTCQB listing allows the company to bolster transparency for their shareholders and investors, "providing us with a smooth transition as we expand our efforts to a global audience."
Earlier this year, MJ Holdings announced it was purchasing two cultivation and two production licenses and transferring the proper licenses to its land.
Prior to this, the company inked a letter of intent regarding licenses purchase and has now progressed into a Membership Interest Purchase Agreement.
"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," Balaouras stated in February.
Price Action: MJ Holdings' shares traded 6.04% higher at $0.4136 per share after market close on Tuesday.
https://www.benzinga.com/markets/cannabis/21/09/22946195/mj-holdings-stock-up-on-announcing-debut-on-otcqb-market
Wow - GREAT VIDEO - THANKS FOR SHARING - WON'T BE LONG NOW!!
MJNE created a YouTube channel back in July. Here is a promo...
MJNE IS LOOKING STRONG - GET READY FOR A BIG SPIKE UPWARDS!!
Seriously, best post I've seen in a long time. Hilarious.
"This milestone marks the beginning of our expansion to becoming one of the largest cultivators in the U.S.,” said Roger Bloss, CEO of MJ Holdings.
I like this part.
GET READY FOR A HUGE STOCK PRICE SPIKE UPWARDS!!
OTCQB baby starting today!!! MJNE
MJ Holdings Inc., Announces Upgraded Listing From OTC Pink Sheets to OTCQB
Press Release | 09/14/2021
LAS VEGAS, Nevada, Sept. 14, 2021 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (“MJ Holdings” or the “Company”)(OTCQB: MJNE) is pleased to announce that the Company has received approval from the OTC Markets Group to begin trading on the OTCQB Market under the ticker symbol “MJNE” at the market open on September 14, 2021.
“Trading on the OTCQB Market is a step forward for both the Company and stakeholders, giving us the comfort and confidence to meet our goals in 2021 and beyond," said Paris Balaouras, Founder and Chairman of MJ Holdings. “Our standing with the SEC and relationship with our stakeholders is of utmost importance. With their support, we expect to be able to continue making strides to advance the Company.”
https://www.otcmarkets.com/stock/MJNE/news/MJ-Holdings-Inc-Announces-Upgraded-Listing-From-OTC-Pink-Sheets-to-OTCQB?id=320856
with great news like this, I expect you are right
MJ Holdings Receives Approval to Transfer Cultivation Licenses to The Farm - a 260 Acre Farm in Amargosa Valley
September 08, 2021 12:55 ET | Source: MJ Holdings, Inc.
https://www.globenewswire.com/news-release/2021/09/08/2293742/0/en/MJ-Holdings-Receives-Approval-to-Transfer-Cultivation-Licenses-to-The-Farm-a-260-Acre-Farm-in-Amargosa-Valley.html
LAS VEGAS, Sept. 08, 2021 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (“MJ Holdings” or the “Company”)(OTC Pink: MJNE) is proud to announce the Company has received a unanimous vote approving a Special Use Permit from the Nye County Board of Commissions to transfer its recreational and medical cannabis cultivation and production license from its 3-acre farm located in Pahrump, Nevada to The Farm — a 260-acre farm in Amargosa Valley, Nevada.
This key approval allows MJ Holdings to commence work on The Farm. The Company will begin operations by activating its first 100 acres. The activation process will see the implementation of important features including fencing installation, added security measures, planning field, updated electricity, road construction, utility activation and initial systems aggregation. The license must undergo a transfer process before the Company can officially begin cultivation, but MJ Holdings is scheduled to grow its first succession of crops in 2021.
“We’re pleased to announce to our MJ Holdings shareholders that the appropriate cultivation licenses for The Farm have officially been approved. This milestone marks the beginning of our expansion to becoming one of the largest cultivators in the U.S.,” said Roger Bloss, CEO of MJ Holdings.
The Company’s extension to The Farm follows its license management agreement model, pioneered by Founder and Chairman Paris Balaouras. The model offers a mutually beneficial opportunity for companies looking to expand their footprint into the Nevada market, mitigating overhead costs and granting access to the Company’s cultivation and production license, grow facilities, seed genetics labs, and banking partner. Through these partnerships, MJ Holdings aspires to be the choice cultivation operator for cannabis businesses across Nevada.
MJ Holdings is excited about the license transfer because it aligns with the Company’s sustainability goals. The Farm will utilize the groundwater of Amargosa Valley’s aquifer, rather than the surface water of Lake Mead. The new location also reduces the need for synthetic fertilizers and pesticides, due to the presence of bountiful sunlight and heat, inhibiting parasitic growth. MJ Holdings will harness the advantages of outdoor growing, employing natural airflow and mineral-dense soil to benefit cannabis plants. MJ Holdings is excited to use the ecosystem to its full potential to treat its cannabis plants and promote a sustainable approach to cultivation.
“Coupled with the immense growth of local interest and the enormous Las Vegas tourism industry on the rebound, we are well-positioned to serve companies looking to enter this booming market. The advantages of The Farm, including excellent soils, organic growth, and company-owned water rights as well as key advancements in our core team have brought forth prospective opportunities to forge partnerships with unique companies in the Nevada industry,” said Paris Balaouras, Founder and Chairman of MJ Holdings.
About MJ Holdings:
MJ Holdings Inc. (MJ Holding) (OTC Pink: MJNE) is a highly diversified, publicly-traded, cannabis holding company headquartered in the greater Las Vegas area. MJ Holdings currently provides cultivation management, licensing support, production management and asset and infrastructure development. Additionally, MJ Holdings is the largest sun-grown cannabis cultivator in the state of Nevada, and is on pace to become one of the largest cultivators in the U.S.
Media Contact: Raquel Heras
Raquel@nisonco.com
315-235-9673
Look'n good here. Bloss is getting ready to floss. MJNE
Something very good is happening with MJNE - $1.00 coming soon.
Those were the days..When we doing it again?
This all seems like so long ago
Wow - BOOM - MJNE IS GOING UP - WAY UP - now just be smart and DON'T SELL - DON'T SELL - DON'T SELL - $1.00 COMING SOON - DON'T MISS OUT!!
There's somethin happening here...
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
MJNE
Nevada Judge Overturns Las Vegas PD Marijuana Ban
https://www.streetinsider.com/Investor+Brand+Network/420+with+CNW+%E2%80%94+Nevada+Judge+Overturns+Las+Vegas+PD+Marijuana+Ban/18853563.html
We've seen how easily $MJNE moves. Won't take much to get back over a dollar and beyond.
Indeed, good to see. Expecting good news shortly.
$MJNE heating up.
Any word on why the stock is struggling? What happened to all the "hold on, the stock is going to go crazy?"
Great news.
Don't miss this one, news is stacking up.
GOING UP - JUST THE BEGINNING - DON'T MISS OUT!!!
GREAT NEWS JUST NOW OUT ABOUT MJNE - JUST THE BEGINNING!!
MJNE IS UP AGAIN - JUST THE BEGINNING - DON'T MISS OUT!!
YOU SNOOZE - YOU LOSE - MJNE IS GOING UP - JUST THE BEGINNING!!
GOING UP - $1.00 COMING SOON - DON'T MISS OUT!!
MJ Holdings Nets in Excess of $6,400,000 on Sale of Healthier Choices Management Corp.
May 24, 2021 10:14 ET | Source: MJ Holdings, Inc.
https://www.globenewswire.com/news-release/2021/05/24/2234834/0/en/MJ-Holdings-Nets-in-Excess-of-6-400-000-on-Sale-of-Healthier-Choices-Management-Corp.html
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-CEO
roger@mjholdingsinc.com
(805) 796-6663
Media Contact:
Raquel Heras, NisonCo PR
raquel@nisonco.com
(877) 647-6626
HUGE NEWS JUST NOW OUT ABOUT MJNE - JUST THE BEGINNING!!
MJNE IS BECOMING PROFITABLE - GET READY FOR A MAJOR STOCK PRICE MOVE UPWARDS!!
Yep - don't look now but MJNE IS GOING UP - JUST THE BEGINNING!!
Enjoying owning the stock very much. Despite possibly being down a little (I went nuts at the top) but combined with my cheepies etc, I'm pretty close to even at these levels.
NICE STRONG CLOSE TODAY - LOOKS LIKE THIS COULD BE THE START OF A VERY NICE UPWARDS TREND - Enjoy your evening my friend.
The story has yet to be told. Many positives coming our way!
You must be fairly new to the company’s interest. Their filings and financials have been in the gutter for a long time, hence the opportunity for these prices. The company hasn’t realized a great deal of revenues because they were previously growing under the $curlf licenses with acres cultivation. Paris is a founding father of acres cultivation in which it was sold to curaleaf for 71 million dollars. As part of that agreement $mjne was able to trial run their Crauvo System in the desert until 2026. Mj Holdings just this year excited the contract because they have their own 4 cultivation and production licenses to grow under where they will realize 100% of the products revenue on their 260 acre plot, even if grown by a different subsidiary. They have literally not only switched places with curaleaf, they are expanding the operation from 3 acres to 15 acres minimum, depending on contracts as much as 20 plus acres this grow season. $MJNE is the lowest cost to grow second to no one. They now have their own water rights, land, and are producing superior products via sun light. Their desert growth eliminates mold and pest problems as well. There is no competition to them as a wholesaler that will be able to match their quality and price. To top all this general information, if you thoroughly read the 10k you would see that Mj Holdings liquidated their marketable asset in February. They held 1.5 billion shares of a company called $HCMC in which they terminated a contract from a botched q cup deal. This move by the C-Suite secured some where between 7-10 million dollars in debt free capital for them to fund the 260 acre farm start up. Mjne is not only almost debt free, they are a hop skip and a jump away from harvesting 60-85k pounds of dried product by November.
Just a cursory review of the 10-K doesn't look good at all. Revenue is down. How is that possible in the MJ space in this day and age? FN 15 reads like the company has absolutely no idea what it is doing. No wonder they got a going concern. This thing is lucky to be above $0.50.
I TOLD YOU NO MORE CHEAPIES - $1.00 SOON (PROBABLY TOMORROW) - DON'T MISS OUT!!
LAST CHANCE FOR CHEAPIES - DON'T MISS OUT!!
MJ HOLDINGS ENTERED INTO A SECOND CULTIVATION MANAGEMENT AND SALES AGREEMENT
04/13/2021 | 09:53am EDT
https://www.marketscreener.com/quote/stock/MJ-HOLDINGS-INC-120796862/news/MJ-HOLDINGS-ENTERED-INTO-A-SECOND-CULTIVATION-MANAGEMENT-AND-SALES-AGREEMENT-32955707/
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
Oh don't worry I am totally relaxed but if you knew how many shares of MJNE that I have and how much money I will soon be making it would be hard for you to relax.
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