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.
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: Sabrina Mahmud info@mjholdingsinc.com
MJHC
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