MJ HARVEST INC - MJHI STOCK NEWS

MJ Harvest, Inc. (MJHI) announced a five-year lease for a manufacturing and distribution facility in Cathedral City, California, with an option to purchase. This strategic location aims to serve the Southern California cannabis market. Concurrently, MJHI acquired manufacturing equipment and cannabis licenses, pending approval from the California Department of Cannabis Control. The company plans to use this facility to expand its brands, including Country Cannabis and Weedsy. The management views this expansion as key to building shareholder value and establishing a vertically integrated operation.

MJ Harvest, Inc. (OTCQB:MJHI) has signed a non-binding Letter of Intent to merge with Cannabis Sativa, Inc. (CBDS). Under the proposed terms, MJHI shareholders will receive 2.7 shares of CBDS for each MJHI share. After the merger, MJHI shareholders would own approximately 72% of the combined entity, which will shift CBDS’s focus from telehealth to cannabis operations. The merger is expected to result in the elimination of around $3.3 million in related party debt. A shareholder meeting is anticipated in mid-July 2022 to approve the merger.

MJ Harvest, Inc. (OTCQB:MJHI) has appointed Jason Roth and Rich Turasky to its Board of Directors, enhancing its leadership as part of ongoing expansion efforts. This announcement follows the resignation of Jerry Cornwell. Roth brings experience from Next Frontier Pharmaceuticals and Mile High Labs, while Turasky has a 30-year background in finance and investment. Both directors are expected to drive growth initiatives. Additionally, a memorandum of understanding with Flight Ventures has been established for advisory services, which may include acquisition referrals.

MJ Harvest, Inc. (MJHI) announced on February 16, 2022, that its subsidiary Country Cannabis Inc. (CCCO) has signed an Asset Purchase Agreement on February 8, 2022, to acquire cannabis and extraction licenses along with equipment for a manufacturing facility in Denver, Colorado. The deal involves issuing 100,000 common shares of MJHI and requires approval from Colorado's Marijuana Enforcement Division and the City of Denver. CCCO will initially operate under existing licenses and will ultimately manage the facility, receiving 85% of net revenue after expenses.

MJ Harvest, Inc. (OTCQB:MJHI) has announced its sponsorship of the 3rd Annual Cowboy Cup Cannabis Show held on December 3-4, 2021, in Oklahoma. Country Cannabis, MJHI's brand, is available in over 1,000 retail locations in the state and aims to expand through new acquisitions and licensing agreements. The event showcased numerous vendors and attracted thousands of medical marijuana patients, enhancing the visibility of Country Cannabis and its affiliated brands. CEO Patrick Bilton emphasized the company's commitment to brand promotion and expansion opportunities beyond Oklahoma.

MJ Harvest, Inc. (MJHI) announced attendance at MJBizCon from October 20-22, 2021, in Las Vegas, where the company will showcase its diversified cannabis product offerings. CEO Patrick Bilton expressed excitement about engaging potential business partners at their booth. The company will be joined by its portfolio company, PPK Investment Group, and notable brands. Newly appointed Director Randy Lanier, a former racing figure with a notable past, will also attend. MJHI currently owns 25% of PPK, with options to acquire up to 100% by March 31, 2023.

MJ Harvest, Inc. (MJHI) announced an agreement to acquire a 10% stake in Blip Holdings, LLC, which develops THC vape products under the BLVK brand. This partnership aims to expand BLVK's distribution into Oklahoma and South Dakota through PPK Investment Group's channels. The initial agreement lasts five years, with a potential royalty of 10% on net sales. The investment, valued at $100,000, will be paid in MJHI stock. This strategy is expected to enhance MJHI's product offerings and distribution capabilities in the cannabis market.

MJ Harvest, Inc. (MJHI) has finalized an agreement with PPK Investment Group to acquire a 10% stake in WDSY, LLC (Weedsy), a cannabis brand in California, for $200,000 in shares. The agreement includes a five-year brand development partnership targeting exclusive product lines in Oklahoma and South Dakota. Additionally, MJHI will pay a 10% royalty on net sales and invest 5% of revenues in marketing Weedsy products. This collaboration aims to leverage PPK's manufacturing expertise and accelerate Weedsy's growth across multiple states.

MJ Harvest, Inc. (OTCQB:MJHI) has successfully acquired assets from AOK Ventures, Inc., a cannabis manufacturer based in Oklahoma, for $2.5 million. This acquisition includes equipment, trademark licenses, and cannabis licenses, funded through MJHI common stock and a note payable. Following this, MJHI's ownership in PPK Investment Group, Inc. has increased to 25%. The deal allows for additional shares based on revenue exceeding projections in the next year. AOK's Sublime brand now exclusively belongs to PPK, which aims to expand cannabis product distribution.