MJ Holdings Inc. Board of Directors Appoints Roger Bloss as CEO after Acting CEO and Announces Upcoming Meeting with Government Authorities to Expand On-Farm Culture

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LAS VEGAS, October 26, 2021 (GLOBE NEWSWIRE) – MJ Holdings, Inc. (“MJ Holdings” or the “Company”) (OTCQB: MJNE) announced today that the Board of Directors of the Company has appointed Roger Bloss as Chief Executive Officer, effective immediately. Roger Bloss has served as Interim Managing Director for the past year.

Roger Bloss’s innovative leadership style has called him a pioneer. He brings more than four decades of full-life experience in the hospitality space to the cannabis industry. Mr. Bloss held relevant executive positions at nationally recognized hotel companies and franchisors before founding what became Vantage Hospitality Group, Inc., in 1996. Under his leadership, Bloss took the growth of Vantage from ‘a hotel with more than 1,200 franchisees in less than twenty years. because the company has achieved the status of one of the world’s top 10 hotel companies. In 2006, Vantage was placed eight times in a row on Inc. magazine’s prestigious Inc. 500/5000 list of the fastest growing companies, making Vantage the only hotel company to do so in Inc history. 500/5000.

“I am delighted to continue my journey with MJ Holdings, using what I have learned in the hospitality and entertainment industry, combined with my personal experience in cannabis, health and wellness and in applying this knowledge and experience in my leadership role with MJ. I am so grateful for this opportunity, ”Roger Bloss said in a statement.

In his role as CEO, Bloss is also determined to shape the landscape of the cannabis industry in new and innovative ways. For example, Bloss is eagerly awaiting the development of a plan to create the first cannabis wellness, education and exploration campus of its kind to include a resort-style hospitality option in the whole installation.

Founder and Chairman of the Board of Directors of MJ Holdings, Paris Balauras, said of this appointment: “I am very happy to have Roger as Managing Director. Roger and I work incredibly well as a team, and I have confidence in our ability to create an effective operation that this industry deserves. With Roger’s considerable experience in hospitality and entertainment, we will be able to take MJ Holdings to higher levels and help drive the industry forward in innovative ways.

The announcement comes as MJ Holdings begins activating its latest 260-acre “The Farm” business, located in the Amargosa Valley, Nevada. With the recent company special use permit approval and Nevada CCB passage inspection, MJ Holdings has received legal clearance to develop specialty pods for growing cannabis that are expected to facilitate a deal that could lock in one million square feet of outdoor, indoor and hybrid grow and processing space.

With the approval of Nye County, the company can implement its goals and become one of the largest cannabis cultivation facilities in the United States. MJ Holdings is due to meet with Amargosa Valley officials to seek approval for the further expansion of the project on November 2.

For more information, please contact MJ Holdings directly at (702) 879-4440. For media inquiries contact Raquel Heras at [email protected].

About MJ Holdings:

MJ Holdings Inc. (MJ Holding) (OTCQB: MJNE) is a highly diversified, publicly traded cannabis holding company headquartered in the greater Las Vegas area. MJ Holdings currently provides culture management, licensing support, production management, and asset and infrastructure development. Additionally, MJ Holdings is one of the largest growers of sun-grown cannabis in the state of Nevada and is on its way to becoming one of the largest growers in the United States.

*** The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Since these statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. Words such as “anticipates”, “plans”, “expects”, “intends”, “will”, “potential”, “hope” and similar expressions are intended to identify statements prospective. These forward-looking statements are based on the Company’s current expectations and involve assumptions which may never materialize or may prove to be inaccurate. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements due to various risks and uncertainties. Detailed information regarding factors that could cause actual results to differ materially from the results expressed or implied by the statements in this press release relating to the Company can 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 can be obtained on the SEC’s website at www.sec.gov. The parties do not undertake any obligation to update the forward-looking statements contained in this press release.

Media contact: Raquel Heras
[email protected]
315-235-9673

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