LAS VEGAS, NV, March 19, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE
MJ Holdings, Inc. (OTCQB: MJNE) (“MJH” or “Company”), a leader in the Nevada cannabis market, proposes to increase its number of directors to a total of three and will continue to expand the board as the company grows. MJH is proud to nominate Roger J. Bloss to the Company’s Board of Directors, and a vote of the shareholders will take place on April 1, 2019 to confirm Roger’s election.
Mr. Bloss, President of MJH’s Alternative Hospitality division, invested $1,000,000 in the Company’s initial round of funding in 2018. Roger has more than 40 years of experience in the hospitality industry and has served in executive positions with several major hotel franchise companies including as a founder of Vantage Hospitality Group in 1996.
MJH’s CEO and Chairman, Paris Balaouras, stated, “I have worked with Roger for over a year developing the first generation of cannabis centric hotels and consumption lounges. He has been a tremendous supporter of our Company and his vast experience will bring true value to our Board of Directors. We look forwarding to officially welcoming Roger aboard.”
Mr. Bloss will join Mr. Balaouras on the MJH Board of Directors, and the Company expects to announce an additional proposed board member in the coming weeks.
“I am honored to be nominated to the Board of Directors of MJ Holdings, Inc. As President of the Company’s hospitality division, I will lead the development of our canna-tourism brand of hotels and lounges,” Mr. Bloss said.
A look into our initial concept can be seen at https://news.weedmaps.com/2019/03/hotelier-plans-to-open-marijuana-friendly-lodging-in-coachella-valley/.
About MJ Holdings, Inc.
MJ Holdings, Inc. (OTCQB: MJNE) is a diversified publicly traded holding company providing management and consulting services to the regulated cannabis industry. Through our subsidiaries we provide cultivation and production management services and infrastructure development. Our management operations include a three-acre outdoor marijuana cultivation facility in the Amargosa Valley of Nevada, as well as a fully licensed indoor agritourism facility located in the city of Las Vegas known as the Highland Show-Grow. 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.
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