MJ Holdings Shareholder Update OTC Markets:MJNE – GlobeNewswire

Las Vegas, NV, Dec. 11, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — MJ Holdings, Inc. (OTCQB: MJNE) (the “Company”), a leader in the Nevada cannabis market, updates shareholders as their first year as a new company comes to a close. Paris Balaouras CEO of MJ Holdings said this:
As we begin to close in on the anniversary of our first year in business I want to share some insights, updates and my thankfulness for all of your continuing support. As the saying goes “good things come to those who wait.” When we completed our reverse merger last December we knew that we had a lot of hard work and challenges ahead of us. Our initial annual audit proved to be one of those challenges. As a U.S. public company in the cannabis industry, our audit firm conducted a thorough analysis of our company to insure that completely accurate and transparent information would be made available to our shareholders and the general public. This in-depth review took almost seven months to complete and naturally caused you, our valued shareholders, to have some concerns. I want to thank you all for your patience while our annual audit and subsequent quarterly reports were being prepared.In April of this year we entered into an agreement with a licensed operator to manage a three-acre plot at their cultivation facility in the Amargosa Valley of Nevada and we petitioned the State of Nevada to let us conduct a “test” grow of marijuana utilizing a state-of-the-art high tech mesh system. We began erecting the facility in March of this year and received approval from the state in August to move more than 8,000 marijuana plants onto the site. Utilizing the mesh system, first developed in Israel to improve desert farming conditions, that filters out harmful UV light, reduces

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