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.
