MJ Holdings Clarifies The Timing Of The Sale Of Its Healthier Choices Management Corp. Common Stock

MJ Holdings clarifies its previous press release dated May 25, 2021 to explain the sale of its HCMC common stock was completed in February 2021.

Las Vegas, NV, May 25, 2021 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (OTC Pink: MJNE) a diversified holding company, which through its subsidiaries, provides cultivation and production services to the regulated cannabis industry, clarified that it sold shares of Healthier Choices Management Corp. common stock in February of 2021 and it has not engaged in any recent market transactions in the HCMC stock.

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. The Company is in the process of acquiring State of Nevada issued cannabis cultivation and production licenses. In addition to its proprietary cultivation and production, the Company plans to engage with third party management service entities to cultivate cannabis on land owned by the Company at The Farm in the Amargosa Valley, NV.

SAFE HARBOR

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.

Company Contact:Roger Bloss, Interim-CEO[email protected](805) 796-6663

Media Contact:Raquel Heras, NisonCo PR[email protected](877) 647-6626

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