MJ Holdings to unveil plan for First ever Cannabis Crypto “Fractional Farming Token”
Las Vegas, Nevada, Oct. 05, 2022 (GLOBE NEWSWIRE) -- MJ Holdings Inc. (OTCQB: MJNE), a highly diversified, publicly traded, cannabis holding company, is excited to announce that John Tabacco VP of Digital Asset Strategy will be presenting the details of MJ Holdings’ groundbreaking Digital Asset Tokenization Project at the Web3X Expo on October 10th in Vegas at the Wynn. The company's new project will position MJ Holdings as the global leader in combining cannabis farming and a digital tokenization strategy. “I have been developing first of its kind, Digital Assets since 2015. In my previous role as VP Technology at OVERSTOCK.coms crypto subsidiary Tzero we broke traditional norms using digital asset strategies in the e-commerce space and in the capital markets space. Now, we will combine MJ Holdings’ vast real estate portfolio, 260 acres of growable land at Amargosa Valley, the grow expertise of the MJ team and the unique corporate structure of MJ to merge legalized recreational cannabis and digital assets or utility tokens. For years companies have proposed pie in the sky ideas about tokenizing Marijuana crops, but to date a grand total of zero have successfully demonstrated the resources, capabilities and cannabis know-how to bring together these two emerging growth areas. Crypto and Cannabis.”
The Web3 Expo is being held in Las Vegas Oct 10-13 and Mr. Tabacco is scheduled to unveil the company’s first details of the MJ Fractional Farming Token Affiliate Program.
MJ Founder Paris Balaouras said “MJ has assembled a world class team of professional growers and we have done the hard work of putting together a state of the art world class facility with our 260 acres at Amargosa Valley. Now with John on board we intend to change the game in Tokenizing Cannabis Grow assets and using Blockchain and Digital tokens to streamline our process from grow to sale. I have been in the Cannabis Marijuana game for decades and never before have I seen one company with such a unique collection of resources, assets and professional talent come together in one project. There are still challenges faced by Marijuana growers around the country we believe this first pilot Token Program will be the first step in a massive paradigm shift in space. We are excited to lead the charge.”
MJ Holdings Director of Operations, Al Reasonover added “it had been a four year labor of love curating the Amargosa Farm and getting all the approvals, utilities and critical infrastructure in place to grow best in breed cannabis flower, indoor and outdoor. Now we look forward to combining our state of the art facility and grow expertise with this Ground Breaking Digital Strategy. We look forward to telling the world where MJ is heading at the Web3 Expo next week”
We look forward to sharing our vision for the future of combining cannabis and crypto when I present our forward token strategy at the WEB3X conference in Vegas on October 10, 2022.
About MJ Holdings, Inc.
MJ Holdings Inc. (OTCPK: MJNE) is a highly diversified, publicly traded, cannabis holding company headquartered in the greater Las Vegas area. MJ Holdings currently provides cultivation management, licensing support, production management and asset and infrastructure development.
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 because 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.