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MJ HOLDINGS COMPLETES FIRST PHASE OF CONSTRUCTION

/EIN News/ -- Las Vegas, NV, July 12, 2018 (GLOBE NEWSWIRE) -- MJ Holdings, Inc. (OTC: MJNE) (the “Company” or “MJ Holdings”) a leader in the Nevada Cannabis market, is pleased to announce the completion of the first phase of construction at its Highland Show-Grow agritourism facility located near the Vegas Strip.

“This marks an important first step in MJ Holdings, growth as a premier cultivator, processor, and developer in the legal cannabis industry.  We continue moving forward with the second phase of construction, which, when completed, will showcase a state of the art 17,000+ square foot cultivation facility in the heart of Las Vegas” the Company’s CEO Paris Balaouras stated.

The Highland Show-Grow has an estimated completion date of December 2018.

About MJ Holdings, Inc.

MJ Holdings Inc. (OTC: MJNE) is a diversified holding company providing services and turn-key branding opportunities to the regulated cannabis industry. Through our subsidiaries we provide cultivation, production, management services and infrastructure sales and development.  Our cultivation operations include management on a 37acre cultivation co-operative, and a state of Nevada issued cultivation license, in Las Vegas; the Highland Show-Grow.  We are also active in identifying and acquiring revenue producing assets and licenses within legalized cannabis markets globally.

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:
Andrew Boutsikakis
President
info@mjholdingsinc.com

Distribution channels: Retail