MJ Holdings has entered into a cultivation management agreement to develop 10 acres with Green Grow Investments Corporation.
Green Grow Investments Corporation expects to build an estimated 260,000 sq. ft. of greenhouses. The first phase is to be completed in the fall of 2021 and is targeted to include cultivation of 100,000 sq. ft. of premium flower.
Paris Balaouras, Founder and Chief Cultivation Officer at the Company, stated: “I’m excited to work with Green Grow Investments Corporation to help them achieve their goal of producing over 30,000 lbs per year for the Nevada market. As a grower, I get to work with some of the best growers in the world in a collaborative campus environment where we all learn and grow together. We are collecting more than 100 different strains of the most interesting cultivars to have seasonal sales contests that will ‘WoW’ the consumer.”
Roger Bloss, CEO commented that “Our model for the 260 acre Farm at Amargosa Valley, in addition to our own cultivation program, is to provide our licensing and land to amazing brands and companies like Green Grow Investments Corporation so that they can fund and build state-of-the-art infrastructure to enable them to manage, grow, and provide the best cannabis. I will be updating shareholders with an executive report this month announcing our goals and specifically highlighting our financial expectations from all these management agreements we have entered, so far. An estimated eight to ten management agreements between both cultivation and production is expected produce a revenue stream that will allow the Company to grow and expand more quickly than the competition.”
For more information:
MJ Holdings
2215 E. Anvil Road, Amargosa Valley, NV 89020
702-879-4440
roger@mjholdingsinc.com
mjholdingsinc.com