MJ Holdings takes in $1.62 million through private placement of shares

Company offers 1,615,000 of its common shares at $1.00 apiece in deal

By Devika Patel

Knoxville, Tenn., April 10 - MJ Holdings, Inc. concluded a $1.62 million private placement of stock on April 9, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company sold 1,615,000 common shares at $1.00 per share. The price per share is an 81.82% discount to the closing share price on April 8, $5.50.

The Miami company acquires and leases real estate to licensed marijuana operators.

Issuer:	MJ Holdings, Inc.
Issue:	Common stock
Amount:	$1,615,000
Shares:	1,615,000
Price:	$1.00
Warrants:	No
Settlement date:	April 9
Stock symbol:	OTCBB: MJNE
Stock price:	$5.50 at close April 8
Market capitalization:	$34.09 million

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