MJ Holdings, Inc. Announces Preliminary Results of its First Harvest At Its Three-Acre Hybrid Outdoor-Mesh Cultivation Facility in Amargosa
January 22, 2019 at 09:06 am EST
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MJ Holdings, Inc. announced the preliminary results of its first harvest at its three-acre hybrid outdoor-mesh cultivation facility in Amargosa, Nevada. On November 30, 2018, the Company began harvesting more than 7,700 marijuana plants representing thirteen different strains, including the very popular Blue Dream, Chem Dog and Sour Diesel. Having completed the harvest on December 24, 2018, the drying of trim, curing of flower and testing of product is continuing. Initial test results on over 4,000 lbs. of marijuana plant trim have returned a 95% passing rate, among the highest of any grower in Nevada. The Company will utilize some of the remaining trim to produce high potency THC distillate for use in its Highland Brothers Titan Q-Cup quartz based vaping system and will also manufacture Highland Brothers Premium Pre-rolls, which are very popular with visitors to Las Vegas. The company will also market high-end flower products to Las Vegas dispensaries under the Highland Brothers brand. Overall, the company expects to sell more than 6,000 pounds of marijuana products with gross revenues exceeding $6,000,000 during over the next 90 to 120 days.
MJ Holdings, Inc. is a diversified cannabis holding company. The Company is engaged in providing cultivation management, asset and infrastructure development in the Las Vegas market. It is focused on providing a 360-degree spectrum of infrastructure, including cannabis cultivation, production of cannabis related products, management services, dispensaries, and consulting services. The Companyâs subsidiaries include Prescott Management, LLC, which provides day-to-day management and operational oversight to the Companyâs operating subsidiaries; Icon Management, LLC, which provides human resource management (HR) services to the Company and is responsible for all payroll activities and administration of employee benefit plans and programs; Farm Road, LLC, which owns approximately 260 acres of farmland in Amargosa Valley, Nevada; Condo Highrise Management, LLC, which manages the Company owned Trailer Park in Amargosa, Nevada; and Red Earth Holdings, LLC.
MJ HOLDINGS, INC. 
