MJ Holdings Profile
MJ Holdings, Inc. operates as a cannabis holding company that provides cultivation management, asset and infrastructure development -concentrated in the Las Vegas market.
The company intends to grow its business through joint ventures with existing companies possessing complementary subject matter expertise, acquisition of existing companies and through the development of new opportunities.
In 2019, the company entered into a Licensing Agreement (the Agreement) with Highland Brothers, LLC (HB) an entity controlled by the company’s former Chief Executive Officer and current director. Under the terms of the Agreement, HB granted the company an exclusive license to use any and all branding materials of HB, including, without limitation, its name, logo, and any and all intellectual property rights. In consideration of the license, the company agreed to compensate HB seven percent (7%) of the net sales generated by the company for any products utilizing and/or integrating property rights, brands or logos of HB commencing in 2020.
On March 8, 2019, the company entered into a fifteen-year Suite License Agreement (the Agreement) with LV Stadium Events Company, LLC (LV Stadium) for the lease of a suite within the multipurpose stadium (the Stadium) constructed in Clark County, Nevada that is intended to be the home stadium for the Raiders National Football League team. The company operates a marijuana business in the state of Nevada.
Subsidiaries
Prescott Management, LLC: Prescott Management is a wholly owned subsidiary of the company that provides day-to-day management and operational oversight to its operating subsidiaries.
Icon Management, LLC (Icon): Icon is a wholly owned subsidiary of the company that provides Human Resource Management (HR) services to the company. Icon is responsible for all payroll activities and administration of employee benefit plans and programs.
Farm Road, LLC: Farm Road, LLC is a wholly owned subsidiary of the company that owns 260 acres of farmland in Amargosa, NV. The company acquired all of the membership interests of Farm Road in 2019.
Condo Highrise Management, LLC: Condo Highrise Management LLC is a wholly owned subsidiary of the company that manages the company owned Trailer Park in Amargosa, Nevada.
Alternative Hospitality, Inc.: Alternative Hospitality, Inc. is a Nevada corporation. The company owns fifty-one percent (51%) of the company and the remaining forty-nine percent (49%) is owned by TVK, LLC, a Florida limited liability company.
Q-Brands, LLC (Q-Brands): Q-Brands is a wholly owned subsidiary of the company. Q-Brands is responsible for the development and marketing of the Highland Brothers brand of cannabis products.
MJH Research, Inc.: MJH Research Inc. is a Florida corporation whose operations center around providing consulting services for growing techniques, management and cultivation of crops, as well as licensing support, production and asset and infrastructure development.
