2022-07-14 | PIN:MJNE | Press release
Las Vegas, NV, July 14, 2022 (GLOBE NEWSWIRE) — MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company that, through its subsidiaries, provides services to the regulated cannabis industry, including cultivation and production management, infrastructure development and sales, is pleased to inform shareholders that it has acquired MJH Research, Inc, a Florida company, to expand its cultivation operations.
On July 8, 2022, MJ Holdings, Inc. (the “Purchaser”) entered into a common stock purchase agreement (the “Agreement”) with MJH Research, Inc. (the “Company”) and Sunstate Futures , LLC (the “Seller”), a Florida limited liability company. Under the terms of the agreement, the seller has agreed to sell all of the issued and outstanding common shares (100,000 shares) (the “common shares” CloseCurlyDoubleQuote;) of the company to the buyer. In consideration for the purchase of the common shares, the purchaser has agreed to issue to the seller 7,000,000 common shares. The transaction closed on July 11, 2022.
About MJH Research, Inc.
The operations of MJH Research, Inc. (MJHR) are focused on providing advisory services for cultivation techniques, crop management and cultivation, as well as licensing support, production and development of assets and infrastructure.
MJHR is focused on assisting clients in the successful development and execution of their environmental, social and governance (ESG) initiatives in operational production. MJHR applies a consultative approach that provides clients with the flexibility to integrate and incorporate their existing assets to achieve these goals.
MJHR believes that incorporating sustainable practices into global corporate governance strategies is not only good for the environment but also good for business. Mitigation of carbon, sequestered by sustainable agricultural processes, continues to be an increasingly important part of the overall global effort to meet United Nations emission reduction targets. As such, MJHR dedicates its research funds, experience, and management to help companies successfully act on these efforts.
Paris Balaouras, Chief Culture Officer, said: “The acquisition of MJHR by MJ Holdings is an important and strategic first step in the ESG field. Hemp cultivation provides an effective and valuable method of reducing carbon emissions, and MJ Holdings believes it can apply its extensive cultivation knowledge to participate in and benefit from the growing corporate focus on these ESG initiatives.”
Roger Bloss, Managing Director, added, “We are excited to extend the expertise of MJ culture from our home in Las Vegas to Florida, and hope this will be the foundation for our future growth.”
About MJ Holdings, Inc.
MJ Holdings Inc. (OTCPK: MJNE) is a highly diversified, publicly traded 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.
Information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because these statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. Words such as “anticipates”, “plans”, “expects”, “intends”, “will”, “potential”, “hopes” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company’s current expectations 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 these forward-looking statements due to various risks and uncertainties. Detailed information regarding factors that could cause actual results to differ materially from the results expressed or implied by statements in this press release about 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 on the SEC’s website at www.sec.gov. The parties undertake no obligation to update any forward-looking statements contained in this press release.
Roger Bloss, Managing Director