LAS VEGAS, NV, Nov. 02, 2018 (GLOBE NEWSWIRE) --
via NEWMEDIAWIRE -- MJ Holdings Inc. (OTC Pink: MJNE) (“MJNE” or “Company”), a fast growing leader in the Nevada cannabis market, has licensed the Highland Brothers brand of cannabis products and will be introducing the new lineup to dispensaries at a launch event to be held on November 4th. The Company will be utilizing a quartz based, patented cannabis and CBD delivery system, the Q-Cup, to market the Highland Brothers brand. The Q-Cup comes as a pre-filled cannabis dispensing unit that allows the user to experience more efficient and better tasting product delivery while still having the convenience of a disposable cup. Highland Brothers will be the first brand to use this revolutionary product that delivers an enhanced user experience while still creating greater value to the consumer.
In August of this year MJNE entered into an exclusive distribution agreement with the designer and patent holder of the Q-Cup, Healthier Choices Management Corp. (OTC Pink: HCMC) for the entire state of Nevada.
The marketing of this quartz-based cannabis delivery technology will be done through Focus Distribution’s network of dispensaries. Focus, a leading distributor throughout the state of Nevada, currently distributes to every dispensary in Nevada.
“We believe that using the Q-Cup technology to introduce the first iconic Nevada cannabis brand, Highland Brothers, will set us apart from our competitors,” Paris Balaouras, the Company’s CEO, said.
Consumers can expect to pay between $8 and $10 per Q-Cup, each of which will deliver an average of 8-10 doses. At approximately $1 per dose, this delivery system creates a tremendous value for the cannabis concentrate consumer.
About MJ Holdings, Inc.
MJ Holdings Inc. (OTC:MJNE) is a diversified 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 cultivation operations include management of a 37-acre outdoor Nevada cultivation facility, 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 the legalized cannabis markets both nationally and internationally.
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.