Las Vegas, NV, March 19, 2020 — via NEWMEDIAWIRE — MJ Holdings, Inc. , a leader in the Nevada cannabis market, is making every effort and taking all precautions to ensure that our employees and customers remain safe during the current Covid-19 pandemic. Although we already operate in a sterile controlled environment, we have instituted additional sanitation protocols and updated our product handling procedures at our cultivation facility in the Amargosa Valley of Nevada.
With the recent long lines at the majority of Las Vegas cannabis dispensaries we have taken steps to reserve sufficient marijuana product to safely and adequately supply our dispensary customers so that they may continue to provide for their medical marijuana patients. “While Las Vegas is very dependent on tourism, the cannabis industry in the State must continue to be able to serve the needs of the local community,” Company CEO Paris Balaouras stated.
The Company’s sales have picked up dramatically over the past few weeks as it seems that local dispensaries wanted to have additional inventory on hand in case of any potential shutdown. The Company’s President, Terrence Tierney, stated, “We fully expect to close-out the first quarter with strong sales and we anticipate a significant increase in year-over-year quarterly revenues.” The present increase in demand has required us to adjust our cultivation schedule and we have decided to grow as many as 10,000 marijuana plants beginning in early April. This will be followed by our full three-acre grow in June. We are planning on increasing our 2020 grow by at least 30%.
Lastly, we ask everyone to take the necessary steps to remain safe during this worldwide epidemic and wish all who have been infected with this disease a speedy recovery. We are thankful to our shareholders who continue to support us. We hope that we will remain operational throughout this crisis for the benefit of our employees and so that our products can continue to provide relief and a sense of calm to both medical and recreational cannabis users.
About MJ Holdings, Inc.
MJ Holdings Inc. (OTCPK: MJNE) is a diversified holding company providing services to the regulated cannabis industry. Through our subsidiaries we provide cultivation and production, management services as well as infrastructure sales and development. Our cultivation operations include management of a three-acre co-operative for in the Amargosa Valley of Nevada. We currently manage a State of Nevada issued cannabis production license and expect to provide manufacturing and production facilities and resources to third party manufacturers and cultivators as part of our production campus, which is currently under development. We additionally provide management consulting services to state licensed dispensaries. We are also active in identifying and acquiring revenue producing assets and licenses within legalized cannabis markets both nationally and internationally.
The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “plans,” “expects,” “intends,” “will,” “potential,” “hope” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company 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 such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to 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 from the SEC’s website at www.sec.gov. The parties do not undertake any obligation to update forward-looking statements contained in this press release.
拉斯维加斯， NV ，2020年3月19日-通过 NEWMEDAWIRE - MJ 控股公司，内华达州大麻市场的领导者，正在尽一切努力和采取一切预防措施，以确保我们的员工和客户在当前 Covid-19大流行期间保持安全。虽然我们已经在无菌控制的环境中运作，但我们已经在内华达州的 Amargosa 山谷的种植工厂制定了额外的卫生规程并更新了我们的产品处理程序。
过去几周，该公司的销售额大幅增长，因为当地的药房似乎希望在任何可能关闭的情况下有更多的库存。该公司总裁 Terrence Tierney 表示：“我们完全预期第一季度结束时销售强劲，我们预计季度收入将同比大幅增长。”目前需求的增加要求我们调整种植计划，我们决定从4月初开始种植多达1万株大麻。接下来，我们将在六月种植三英亩的土地。我们计划将2020年的增长率至少提高30%。
关于 MJ 控股公司。
MJ Holdings Inc .( OTCPK : MJNE )是一家多元化的控股公司，为受监管的大麻行业提供服务。我们透过附属公司提供培育及生产、管理服务以及基建销售及发展。我们的种植业务包括管理一个三英亩的合作在阿玛戈萨山谷的内华达州。我们目前管理内华达州颁发的大麻生产许可证，并期望作为我们目前正在开发的生产园区的一部分，向第三方制造商和耕种者提供制造和生产设施和资源。此外，我们还为国家特许药房提供管理咨询服务。我们还积极在国内和国际合法化的大麻市场中确定并获得创收资产和许可证。
本新闻稿提供的资料可能包括有关本公司未来事件或未来财务表现的前瞻性陈述。由于此类声明具有风险和不确定性，因此实际结果可能与此类前瞻性声明明示或暗示的结果存在重大差异。诸如“预期”、“计划”、“预期”、“打算”、“将”、“潜在”、“希望”等词语旨在识别前瞻性陈述。这些前瞻性陈述基于公司目前的预期，并涉及可能永远不会实现或可能证明不正确的假设。由于各种风险和不确定性，实际结果和事件发生的时间可能与此类前瞻性陈述中的预期有重大差异。有关可能导致实际结果与本新闻稿中有关公司的声明所表达或暗示的结果存在重大差异的因素的详细信息，可参见公司向证券交易委员会定期提交的文件。包括标题为“风险因素”的章节中描述的因素，其副本可从 SEC 网站 www.sec.gov 获取。双方没有义务更新本新闻稿中的前瞻性声明。