MJ Harvest Qualified as Fully Reporting, Form 10 Goes Effective

Rhea-AI Summary

MJ Harvest, Inc. (OTCQB:MJHI) has successfully registered its Common Stock in accordance with the U.S. Securities Exchange Act of 1934. On March 19, 2021, the SEC completed its review of MJHI's Form 10 Registration Statement, changing the company's status from voluntary to mandatory filer. This transition will enhance transparency for investors as MJHI commits to regular reporting through Forms 10-K, 10-Q, and 8-K. CEO Patrick Bilton expressed optimism about the added transparency this new status provides to investors.

Positive

• MJHI is now a mandatory filer, enhancing its reporting and transparency.
• Increased investor trust and confidence due to regular financial disclosures.

Negative

• None.

LAS VEGAS, NV / ACCESSWIRE / March 23, 2021 / MJ Harvest, Inc. (OTCQB:MJHI) ("MJHI") announced today that MJHI has registered its Common Stock in accordance with the rules of the United States Securities Exchange Act of 1934 (the "Exchange Act"). The United States Securities and Exchange Commission (the "SEC") notified MJHI on March 19, 2021 that they have completed their review of the Company's Form 10 Registration Statement.

The completion of the Form 10 changes the status of the Company from voluntary filer to mandatory filer of reports under the Exchange Act. MJHI will continue to make public information on Company business on Forms 10-K, 10-Q, and 8-K, and will now also be subject to annual reporting obligations related to proxies, shareholder actions, and stock ownership rules.

CEO Patrick Bilton stated, "We look forward to the added transparency afforded to our investors by our status as a full reporting company under the Exchange Act."

Forward-Looking Statements:
This press release contains forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company assumes no obligation to update any forward-looking statement to reflect any event or circumstance that may arise after the date of this release.

CONTACT:

MJ Harvest, Inc.
9205 West Russell Rd., Ste. 240
Las Vegas, NV 89148
Telephone: 954.519.3115
Tcktsllc@earthlink.net
@HARVESTMJ

SOURCE: MJ Harvest, Inc.

View source version on accesswire.com:
https://www.accesswire.com/636985/MJ-Harvest-Qualified-as-Fully-Reporting-Form-10-Goes-Effective

FAQ

What recent announcement did MJ Harvest, Inc. (MJHI) make on March 23, 2021?

MJ Harvest, Inc. announced that it has registered its Common Stock and is now a mandatory filer under the U.S. Securities Exchange Act of 1934.

How does the new reporting status affect MJHI's investors?

The new status allows MJHI to provide greater transparency through regular reporting on Forms 10-K, 10-Q, and 8-K.

What is the significance of MJHI completing its Form 10 Registration Statement?

Completing the Form 10 registration changes MJHI’s status and adds obligations for annual reporting, which can increase investor confidence.

Who is the CEO of MJ Harvest, Inc. and what did he say about the new reporting status?

CEO Patrick Bilton expressed that they look forward to the added transparency for investors due to the company’s new status as a full reporting entity.