MJ Holdings acquires MJH Research

MJ Holdings has acquired MJH Research, a Florida corporation, to expand its cultivation operations.

On July 8, 2022, MJ Holdings entered into a Common Stock Purchase Agreement with MJH Research and Sunstate Futures, LLC, a Florida, limited liability company. Under the terms of the Agreement, the Seller agreed to sell all issued and outstanding shares of common stock of the Company to the Buyer. Considering the purchase of the shares of Common Stock, the Buyer agreed to issue the Seller 7,000,000 shares of its common stock. The transaction closed on July 11, 2022.

Paris Balaouras, Chief Cultivation Officer, noted, "MJ Holdings' acquisition of MJHR is an important and strategic first step into the ESG area. Growing hemp provides an effective and valuable method of carbon reduction, and MJ Holdings believes it can apply its extensive cultivation knowledge to participate and benefit from increasing corporate focus on these ESG initiatives."

Roger Bloss, Chief Executive Officer, added, "We are thrilled to expand the MJ cultivation expertise from our home in Las Vegas to Florida and expect this to be the foundation for future growth."

For more information:
MJ Holdings
Roger Bloss, Chief Executive Officer

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