MJ Holdings, Inc. is Pleased to Update Shareholders on its Change in Management and Addition to its Board of Directors – GlobeNewswire

Company finalizing 2019 year-end audit
Las Vegas, NV, Sept. 24, 2020 (GLOBE NEWSWIRE) — MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company, which through its subsidiaries, provides services to the regulated cannabis industry inclusive of cultivation and production management, infrastructure development and sales is pleased to update shareholders on its change in management as well as the addition of David C. Dear as a director.On September 15, 2020, the Company made a series of management changes including the retention of a new executive. The Company’s Chief Executive Officer, Paris Balaouras, assumed the role of Chief Cultivation Officer, wherein he can focus on the cultivation of cannabis; the core business of MJ Holdings. Roger Bloss, a director of the Company, assumed the role of Interim Chief Executive Officer, and the Company retained Bernard Moyle as its Secretary/Treasurer. The Company kindly advises shareholders to review its Current Report on Form 8-K filed with the Securities and Exchange Commission on September 23, 2020 for the full terms of each employee’s new Employment Agreement.Bernard MoyleFrom 1987 to present, Mr. Moyle served as Founder and Chief Operating Officer of Cal-Vegas, Ltd, a hotel management company and its parent company, Thirty-Eight Street, Inc. The former is focused on hotel management and the latter on providing accounting and bookkeeping services. From 1999 to present, Mr. Moyle served as Founder and Chief Operating Officer of VHGI, Inc., f/k/a Vantage Hospitality Group, Inc (“VHGI”). In late 2016, VHGI along with an affiliate, sold its approximately 1,400 franchisee/member Hotel Brands and operations to Red Lion Hotel Corporation (“RLH Corp”), a publicly traded company. Mr. Moyle became an Executive Vice-President and Chief Operating Officer of RLH Corp through the transition and held this post for approximately two years. Mr. Moyle remains a consultant to RLH Corp. Mr. Moyle also serves

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