MJ Holdings Inc. announces engagement of Mr. John Tabacco as VP of Digital Asset Strategy

Rhea-AI Summary

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.

Positive

• Appointment of John Tabacco as VP of Digital Asset Strategy brings expertise in crypto and blockchain.
• Tabacco's background includes founding roles in digital securities, enhancing MJ Holdings' credibility.
• Strategic focus on combining digital assets with cannabis could position MJ Holdings as a market leader.

Negative

• None.

Las Vegas, Nevada, Sept. 01, 2022 (GLOBE NEWSWIRE) -- MJ Holdings Inc. (OTCQB: MJNE), a highly diversified, publicly traded and penny stock exempt, cannabis holding company, is excited to announce the engagement of Mr. John Tabacco as VP of Digital Asset Strategy.

Al Reasonover, Director of Operations is pleased to welcome John Tabacco, formerly President of Overstock.com Digital Asset subsidiary Tzero, to join MJ Holdings as VP of Digital Asset Strategy. “Mr. Tabacco will lead the Company’s newest initiative developing a corporate strategy to combine a Digital Asset and Cannabis product” says Mr. Reasonover.

John is a globally recognized thought leader, and one of the foremost early adopters, inventors and innovators in the Crypto and Blockchain space. Mr. Tabacco will provide guidance and recommendations in developing and implementing the strategy for future cannabis digital assets and blockchain innovation.

Mr. Tabacco served on the founding team as one of the architects of the Overstock.com crypto blockchain incubator Medici. As a pioneer in digital assets Mr. Tabacco led the team in developing the first Digital Security ecosystem approved under Federal Securities Laws, from its inception. In addition, Mr. Tabacco was part of a group instrumental in inventing and creating patents, that today, are granted. He is recognized by the USPTO as an inventor on granted digital asset and blockchain patents.

John stated, “I have spent 25 years originating, developing, engineering value and selling companies worth in excess of $500M. My track record is to initiate, instigate, disrupt, and exponentially grow shareholder value. I have strategic investments and relationships with many of the global leaders in digital assets and intend to leverage those into disruptive technologies and programs to change the game in cannabis. I have not seen a company better positioned than MJ Holdings to implement an aggressive forward strategy marrying Cannabis and Crypto. Many have talked about bringing Cannabis cultivation and Digital Assets together, but none have accomplished that goal. “MJ has all the components to be first in bringing that goal to fruition” says CCO Paris Balaouras.

John is currently the host and Executive Producer of Wiseguys on Newsmax TV (www.newsmaxtv.com/Shows/Wise-Guys-with-John-Tabacco), where he shares thoughts, insights and visions with distribution to nearly 80 million households on multiple platforms. The unique combination of cutting-edge innovation, expertise in developing and advancing new products combined with a branding campaign to create awareness positions MJ Holdings to become a Global Leader in paradigm changing digital asset excellence. 

About MJ Holdings, Inc.

MJ Holdings Inc. (OTCQB: MJNE) is a highly diversified, publicly traded and penny stock exempt, 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.

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 because 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 Contacts:
Roger Bloss, Chief Executive Officer
roger@mjholdingsinc.com
(702) 879-4440

John Tabacco, VP of Digital Asset Strategy
jt@liquidlunchtv.com
(347) 620-8330

FAQ

What is the significance of John Tabacco's appointment to MJ Holdings as VP of Digital Asset Strategy?

John Tabacco's appointment is significant as he brings extensive experience in crypto and blockchain, which could drive MJ Holdings' strategy to integrate cannabis with digital assets.

How might MJ Holdings benefit from the integration of digital assets and cannabis products?

MJ Holdings could benefit by becoming a leader in the emerging market of cannabis digital assets, potentially increasing shareholder value through innovative product offerings.

What is MJ Holdings' vision for combining cannabis and digital assets?

MJ Holdings aims to leverage digital assets in the cannabis sector to create disruptive technologies and enhance its market position.

What experience does John Tabacco have in the digital asset and cannabis space?

John Tabacco has 25 years of experience in developing and engineering value in companies, particularly noted for his role in digital asset innovations at Overstock.

What is the stock symbol for MJ Holdings?

The stock symbol for MJ Holdings is MJNE.