LAS VEGAS, NV, Nov. 06, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- MJ Holdings Inc. (OTCQB: MJNE) (“MJNE” or “Company”), a fast growing leader in the Nevada cannabis market, announced today that its common stock has been approved for uplisting to the OTCQB Venture Market Place, effective immediately.
The OTCQB is considered by the U.S. Securities and Exchange Commission (SEC) as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTCQB has higher financial reporting standards, more robust management certification and stricter compliance requirements; this increased transparency allows the majority of broker-dealers to trade stocks on the OTCQB. Ability to trade on the OTCQB generally leads to improved market liquidity and broader public awareness. The OTCQB is a venture market designed for early-stage and development stage companies.
MJNE’s CEO Paris Balaouras states, “We have worked hard to create a public company that can provide timely and accurate information to our shareholders and potential investors and that continued commitment is recognized by our ability to trade on the OTCQB.”
“We are very happy to now be trading on the OTCQB as we believe it will provide our investors with greater transparency and increased liquidity for our common stock. Ability to trade on this established platform will provide enhanced exposure of our Company among potential institutional investors and high net worth individuals who might otherwise not invest in Pink Sheet companies," Terrence Tierney, the Company’s Chief Administrative Officer, said.
About MJ Holdings, Inc.
MJ Holdings Inc. (OTCQB: 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 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 legalized cannabis markets 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.