MJ HOLDINGS INC - MJNE STOCK NEWS

MJ Holdings Inc. (OTCQB: MJNE) announced its first harvest at the Amargosa Valley farm, featuring 1,000 cannabis plants anticipated by year-end. The company focuses on eco-friendly practices, utilizing solar power for heating and lighting, which has exceeded initial expectations. Director of Farm Operations, Tom Valenzuela, emphasized the commitment to quality production despite challenges in cost-effective greenhouse management.

MJ Holdings Inc. (OTCQB: MJNE) announced its Digital Asset Tokenization Project, to be presented by John Tabacco at the Web3X Expo in Las Vegas on October 10th. The project aims to merge cannabis cultivation with digital token strategies, utilizing a 260-acre growable land at Amargosa Valley. This initiative is designed to streamline processes in cannabis production and sales through blockchain technology. The company believes this could lead to significant advancements in the cannabis sector.

MJ Holdings Inc. (OTCQB: MJNE) has announced the appointment of John Tabacco as VP of Digital Asset Strategy. Formerly with Overstock.com’s Tzero, Tabacco aims to integrate digital assets with cannabis products. His extensive experience in crypto and blockchain innovation, including the development of the first federally approved Digital Security ecosystem, positions him as a valuable asset for the company's strategic initiatives. Tabacco emphasizes MJ Holdings’ potential to lead in marrying cannabis with digital assets, aiming to enhance shareholder value through disruptive technologies.

MJ Holdings Inc. (OTCQB: MJNE) has planted its first seeds at the Amargosa Valley farm in Nevada, covering 260 acres, with 100 acres approved for cannabis cultivation. The environmentally friendly farm will initially grow over 4,000 seeds, including the sativa-dominant strain, Amnesia Haze. The project benefits from new technologies like wet walls for temperature control and mesh greenhouses for sunlight management. The cultivation management and infrastructure development efforts aim to position MJ Holdings as a leader in sustainable cannabis production.

MJ Holdings Inc. has announced its new status as "Penny Stock Exempt" as of August 22, 2022, by OTC Markets. This change allows shares to bypass the limitations typically associated with penny stocks, which are defined as those selling below $5. The exemption is expected to facilitate broader brokerage acceptance and trading activity for MJNE shares. The company's chief commercial officer, Paris Balaouras, emphasized that this milestone aligns with the company's strategic goals and enhances shareholder value.

MJ Holdings Inc. has received approval from the NYE County Commission to cultivate marijuana on 21 acres of outdoor land. The firm has already prepared for planting as part of the approval process. Tom Valenzuela, the Director of Construction & Farm Operations, expressed enthusiasm about moving past regulatory hurdles. The company will address challenges such as pests, animals, and high temperatures by utilizing netted mesh domes and an irrigation system to ensure optimal growing conditions. This expansion reflects MJ Holdings' commitment to producing quality cannabis.

MJ Holdings (OTC Pink: MJNE) has announced the acquisition of MJH Research, Inc. as part of its strategy to expand cultivation operations in Florida. The acquisition was finalized on July 11, 2022, following a Common Stock Purchase Agreement signed on July 8, 2022. MJ Holdings issued 7,000,000 shares of its common stock in exchange for 100% of MJH Research's shares. This acquisition aims to enhance the company's capabilities in environmental, social, and governance (ESG) initiatives related to cannabis cultivation.

MJ Holdings (OTCQB: MJNE) has received approval from Amargosa Valley officials for a 5-year plan to develop The Farm, boosting its position in the cannabis cultivation market. This initiative involves a comprehensive network of specialized pods across 100 acres, aiming for 1 million square feet of indoor cultivation. The company anticipates three harvests per year, producing an average of three ounces per plant, with significant contributions from agreements with multiple developers. The project promises community support through job creation and affordable housing for employees.

MJ Holdings has appointed Roger Bloss as Chief Executive Officer, effective immediately. Bloss, who has served as Interim CEO for a year, brings over 40 years of hospitality experience. He aims to revolutionize the cannabis sector by developing a wellness and education campus, alongside the activation of a new 260-acre venture, 'The Farm', in Nevada. The project will facilitate one million square feet of cultivation space, with expansion discussions scheduled for November 2.