MJ Harvest (MJHI) Launches Chronic Buds “Milk N Cookies” Edible to the Oklahoma Dispensary Market
Initial Rollout Targets 1000 Dispensaries in the Sooner State
LAS VEGAS, NV June 28, 2021 / MJ Harvest, Inc. (OTCQB:MJHI) announced today completion of initial product samples and packaging of "Milk N Cookies" Chronic Buds, a THC-infused chocolate flavored edible which will be distributed to Oklahoma dispensaries beginning this month. The initial fully packaged samples will target approximately 1,000 dispensaries in Oklahoma through MJHI's affiliate PPK Investment group.
"This unique new product is the first entry of the Chronic THC line in Oklahoma, and we expect more great product concepts and brisk sales resulting from our manufacturing and distribution agreement with Chronic Brands," stated CEO Patrick Bilton.
PPK will produce, manufacture, sell, and market the line in the State of Oklahoma via their manufacturing capability and distribution network to over 1000 dispensaries in the Oklahoma market under an agreement signed May 12, 2021, wherein PPK has the right to sell Chronic Brand's products in Oklahoma. Under the terms of the agreement, Chronic provides marketing support and continued brand development while receiving a percentage of sales revenues generated under the arrangement.
As PPK and Chronic enter new markets, PPK will have the right of first refusal to undertake manufacturing and distribution operations for the Chronic Brand on terms comparable to arrangement in Oklahoma.
MJHI has filed a Regulation A offering with the Securities and Exchange Commission to raise up to $10,000,000. These funds may be used by management to further expand the equity ownership of PPK, build synergies between MJHI and PPK, and expand the business into new and rapidly growing markets. PPK is currently operating in Oklahoma, is in the process of expanding into Arizona and South Dakota and has several other expansion opportunities in various other markets, including California.
LAS VEGAS, NV June 28, 2021 / MJ Harvest, Inc. (OTCQB:MJHI) announced today completion of initial product samples and packaging of "Milk N Cookies" Chronic Buds, a THC-infused chocolate flavored edible which will be distributed to Oklahoma dispensaries beginning this month. The initial fully packaged samples will target approximately 1,000 dispensaries in Oklahoma through MJHI's affiliate PPK Investment group.
"This unique new product is the first entry of the Chronic THC line in Oklahoma, and we expect more great product concepts and brisk sales resulting from our manufacturing and distribution agreement with Chronic Brands," stated CEO Patrick Bilton.
PPK will produce, manufacture, sell, and market the line in the State of Oklahoma via their manufacturing capability and distribution network to over 1000 dispensaries in the Oklahoma market under an agreement signed May 12, 2021, wherein PPK has the right to sell Chronic Brand's products in Oklahoma. Under the terms of the agreement, Chronic provides marketing support and continued brand development while receiving a percentage of sales revenues generated under the arrangement.
As PPK and Chronic enter new markets, PPK will have the right of first refusal to undertake manufacturing and distribution operations for the Chronic Brand on terms comparable to arrangement in Oklahoma.
MJHI has filed a Regulation A offering with the Securities and Exchange Commission to raise up to $10,000,000. These funds may be used by management to further expand the equity ownership of PPK, build synergies between MJHI and PPK, and expand the business into new and rapidly growing markets. PPK is currently operating in Oklahoma, is in the process of expanding into Arizona and South Dakota and has several other expansion opportunities in various other markets, including California.
MJ Harvest Purchases Domain Name MJHI.com to Support Marketing Objectives as MJ Harvest’s Portfolio Company PPK Investment Group Unveils New Products
LAS VEGAS, NV / June 23, 2021 / MJ Harvest, Inc. (OTCQB:MJHI) announced today that it has purchased the domain name MJHI.com which will become an important tool in the company's marketing plan going forward. The corporate name of MJ Harvest Inc. has become synonymous with the letters MJHI not only because of the company's stock symbol, but because investors and consumers are frequently using the acronym of MJHI when conversing with MJ Harvest's corporate officers and directors. As more customers and investors find the company's and PPK's products on the Internet, it has become important to re-brand the company's website at the domain of MJHI.com.
As previously announced, MJHI, through its growing relationship with PPK Investment Group Inc. ("PPK") is participating in a comprehensive cannabis joint venture agreement with FSST Pharms LLC which is wholly owned by the Flandreau Santee Sioux Tribe of Flandreau, South Dakota. MJHI currently owns 10% of PPK with options to acquire 100% of PPK Investment Group at any time prior to March 31, 2023 provided any increase can then be accomplished in accordance with Oklahoma law.
Patrick Bilton, Chief Executive Officer of MJ Harvest, Inc. stated, "The grassroots communication that we have received from investors and consumers in referring to the company as MJHI made this move an easy decision. There is a multi-decade set of data that indicates that having a stock symbol that directly relates to your corporate name is wise for marketing purposes and this move will build shareholder value. Whether it's General Motors as GM or International Business Machines as IBM, tying your stock symbol to your corporate name makes sense for investors and business. When we found out that the domain name MJHI.com was for sale, we jumped on the opportunity."
MJHI has filed a Regulation A offering with the Securities and Exchange Commission to raise up to $10,000,000. These funds may be used by management to further expand the equity ownership of PPK, build synergies between MJHI and PPK, and expand the business into new and rapidly growing markets. PPK is currently operating in Oklahoma, is in the process of expanding into Arizona and South Dakota and has several other expansion opportunities in various other markets, including California.
This press release contains forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company assumes no obligation to update any forward-looking statement to reflect any event or circumstance that may arise after the date of this release.
As previously announced, MJHI, through its growing relationship with PPK Investment Group Inc. ("PPK") is participating in a comprehensive cannabis joint venture agreement with FSST Pharms LLC which is wholly owned by the Flandreau Santee Sioux Tribe of Flandreau, South Dakota. MJHI currently owns 10% of PPK with options to acquire 100% of PPK Investment Group at any time prior to March 31, 2023 provided any increase can then be accomplished in accordance with Oklahoma law.
Patrick Bilton, Chief Executive Officer of MJ Harvest, Inc. stated, "The grassroots communication that we have received from investors and consumers in referring to the company as MJHI made this move an easy decision. There is a multi-decade set of data that indicates that having a stock symbol that directly relates to your corporate name is wise for marketing purposes and this move will build shareholder value. Whether it's General Motors as GM or International Business Machines as IBM, tying your stock symbol to your corporate name makes sense for investors and business. When we found out that the domain name MJHI.com was for sale, we jumped on the opportunity."
MJHI has filed a Regulation A offering with the Securities and Exchange Commission to raise up to $10,000,000. These funds may be used by management to further expand the equity ownership of PPK, build synergies between MJHI and PPK, and expand the business into new and rapidly growing markets. PPK is currently operating in Oklahoma, is in the process of expanding into Arizona and South Dakota and has several other expansion opportunities in various other markets, including California.
This press release contains forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company assumes no obligation to update any forward-looking statement to reflect any event or circumstance that may arise after the date of this release.
OTCQB: MJHI-MJ Harvest Inc.
MJ Harvest, Inc., a development stage company, develops, acquires, and distributes agricultural and horticultural tools and implements to growers and operators in the hemp and cannabis retail industry. It offers the DeBudder Lids and EDGE brands products, soil and soil additive products, and additional tools and implements used in the cultivation and harvesting of crops through distributors and its websites www.procannagro.com and www.weedfarmsupply.com. The company is based in Las Vegas, Nevada.
MJ Harvest Reg A Filing
PPK Investment Group, Inc. has Entered into a First of Its Kind Cannabis Joint Venture with FSST Pharms, LLC Owned by the Flandreau Santee Sioux Tribe of South Dakota
May 26, 2021-MJ Harvest, Inc. (OTCQB:MJHI) announced today that PPK Investment Group Inc. ("PPK") has entered into a comprehensive cannabis joint venture agreement with FSST Pharms, LLC which is wholly owned by the Flandreau Santee Sioux Tribe ("FSST"). MJHI currently owns 10% of PPK with options to acquire 100% of PPK at any time prior to March 31, 2023 provided any increase can then be accomplished in accordance with Oklahoma law.
FSST is one of 574 Native American Indian tribes recognized by the United States Government. This unprecedented cannabis joint venture immediately creates a burgeoning economic opportunity for PPK and adds to the tribe's already-successful economic development portfolios within the gaming and hospitality industries. The Flandreau Santee Sioux Reservation is situated on over 5,000 acres of land located along and near the Big Sioux River in Moody County, South Dakota. The reservation facilities include the Royal River Entertainment Complex, which is the only legal casino in South Dakota with over 430 gaming devices, a 300-seat entertainment and conference center, a 120-room hotel, an adjacent RV park, plus a full-service restaurant, buffet, snack bar and lounge.
The Tribe has been active in tribal cannabis since 2015 and has a state-of-the-art cultivation facility that it has resumed cannabis cultivation in after the legalization of cannabis in South Dakota in November 2020. The cultivation facility currently houses about 65 strains of cannabis and there are concurrent plans to renovate an existing building to develop a lab, kitchen, packaging, and a dispensary with drive-up service. FSST also has developed a full-line of 2018 Farm Bill Compliant hemp products which is sells under its trade name "Native Nations Cannabis."
Native Americans have a long history of affinities for plants, herbs and other natural resources. In fact, many of the products you see on store shelves are made from naturally sourced plants, herbs, fruits and other naturally occurring plant derivatives grown on Indian reservations. For hundreds of years, American Indians have recognized both the spiritual and healing properties of plants, including cannabis. Industrial hemp and cannabis create potentially large economic opportunities for federal recognized tribes as did the gaming and hospitality industries first recognized almost 5 decades ago.
Federal recognition of the sovereign status of Native American Indian tribes under the Indian Reorganization Act of 1934 (the "Act") allows tribes such as the Flandreau Santee Sioux Tribe to manage their own affairs including their assets, land, and mineral rights. The Act and the ensuing legislation were intended to create a sound economic foundation for the inhabitants of the reservations. Two of the main benefits of federal recognition are exemption from payment of federal taxes and exemption from many federal and state licensing requirements applicable to non-tribal companies. As sovereigns, many tribes have pursued business opportunities in the gaming and tobacco industries. Now, with the growing legalization of marijuana for medicinal and adult use, marijuana provides a new growth area for tribes. FSST is the first tribe to expand into the marijuana industry in South Dakota and the joint venture with PPK is a step toward taking full advantage of this high growth opportunity.
Patrick Bilton, Chief Executive Officer of MJ Harvest, Inc. stated, "We believe this joint venture may be a business and economic game changer for MJ Harvest and all parties involved. It is a winning combination when all parties can benefit, and this joint venture creates many business opportunities for FSST as well as for PPK and MJHI. This joint venture with a federal recognized tribe will provide many advantages to MJHI and PPK as we unveil our business plan."
Mr. Bilton concluded, "The Flandreau Santee Sioux Tribal leaders expect up to 1,000 cannabis customers a day at their operations in South Dakota. This joint venture may create a blueprint for opportunities with other federal recognized tribes as the current joint venture progresses."
PPK grows, harvests, processes and manufactures cannabis products under the Country Cannabis brand name in Oklahoma. As a result of the joint venture, PPK will expand the Country Cannabis brand into South Dakota while the JV will assist the tribe in expanding its Native Nations brand into Oklahoma. The joint venture's goals are to create an immediate cross marketing opportunity for both companies to Oklahoma residents and cannabis customers in South Dakota. PPK will provide the tribe with its proprietary methods to ensure adequate quantities of biomass are available for both partners while efficiently increasing both processing and manufacturing capabilities."
MJHI is currently preparing initial filing documents on a Regulation A offering to be filed with the Securities and Exchange Commission to raise up to $7,500,000 to further expand the equity ownership of PPK, build synergies between MJHI and PPK, and expand the business into new and rapidly growing markets. PPK is currently operating in Oklahoma, is in the process of expanding into Arizona and South Dakota and has several other expansion opportunities in various other markets, including California.
This press release contains forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company assumes no obligation to update any forward-looking statement to reflect any event or circumstance that may arise after the date of this release.
FSST is one of 574 Native American Indian tribes recognized by the United States Government. This unprecedented cannabis joint venture immediately creates a burgeoning economic opportunity for PPK and adds to the tribe's already-successful economic development portfolios within the gaming and hospitality industries. The Flandreau Santee Sioux Reservation is situated on over 5,000 acres of land located along and near the Big Sioux River in Moody County, South Dakota. The reservation facilities include the Royal River Entertainment Complex, which is the only legal casino in South Dakota with over 430 gaming devices, a 300-seat entertainment and conference center, a 120-room hotel, an adjacent RV park, plus a full-service restaurant, buffet, snack bar and lounge.
The Tribe has been active in tribal cannabis since 2015 and has a state-of-the-art cultivation facility that it has resumed cannabis cultivation in after the legalization of cannabis in South Dakota in November 2020. The cultivation facility currently houses about 65 strains of cannabis and there are concurrent plans to renovate an existing building to develop a lab, kitchen, packaging, and a dispensary with drive-up service. FSST also has developed a full-line of 2018 Farm Bill Compliant hemp products which is sells under its trade name "Native Nations Cannabis."
Native Americans have a long history of affinities for plants, herbs and other natural resources. In fact, many of the products you see on store shelves are made from naturally sourced plants, herbs, fruits and other naturally occurring plant derivatives grown on Indian reservations. For hundreds of years, American Indians have recognized both the spiritual and healing properties of plants, including cannabis. Industrial hemp and cannabis create potentially large economic opportunities for federal recognized tribes as did the gaming and hospitality industries first recognized almost 5 decades ago.
Federal recognition of the sovereign status of Native American Indian tribes under the Indian Reorganization Act of 1934 (the "Act") allows tribes such as the Flandreau Santee Sioux Tribe to manage their own affairs including their assets, land, and mineral rights. The Act and the ensuing legislation were intended to create a sound economic foundation for the inhabitants of the reservations. Two of the main benefits of federal recognition are exemption from payment of federal taxes and exemption from many federal and state licensing requirements applicable to non-tribal companies. As sovereigns, many tribes have pursued business opportunities in the gaming and tobacco industries. Now, with the growing legalization of marijuana for medicinal and adult use, marijuana provides a new growth area for tribes. FSST is the first tribe to expand into the marijuana industry in South Dakota and the joint venture with PPK is a step toward taking full advantage of this high growth opportunity.
Patrick Bilton, Chief Executive Officer of MJ Harvest, Inc. stated, "We believe this joint venture may be a business and economic game changer for MJ Harvest and all parties involved. It is a winning combination when all parties can benefit, and this joint venture creates many business opportunities for FSST as well as for PPK and MJHI. This joint venture with a federal recognized tribe will provide many advantages to MJHI and PPK as we unveil our business plan."
Mr. Bilton concluded, "The Flandreau Santee Sioux Tribal leaders expect up to 1,000 cannabis customers a day at their operations in South Dakota. This joint venture may create a blueprint for opportunities with other federal recognized tribes as the current joint venture progresses."
PPK grows, harvests, processes and manufactures cannabis products under the Country Cannabis brand name in Oklahoma. As a result of the joint venture, PPK will expand the Country Cannabis brand into South Dakota while the JV will assist the tribe in expanding its Native Nations brand into Oklahoma. The joint venture's goals are to create an immediate cross marketing opportunity for both companies to Oklahoma residents and cannabis customers in South Dakota. PPK will provide the tribe with its proprietary methods to ensure adequate quantities of biomass are available for both partners while efficiently increasing both processing and manufacturing capabilities."
MJHI is currently preparing initial filing documents on a Regulation A offering to be filed with the Securities and Exchange Commission to raise up to $7,500,000 to further expand the equity ownership of PPK, build synergies between MJHI and PPK, and expand the business into new and rapidly growing markets. PPK is currently operating in Oklahoma, is in the process of expanding into Arizona and South Dakota and has several other expansion opportunities in various other markets, including California.
This press release contains forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company assumes no obligation to update any forward-looking statement to reflect any event or circumstance that may arise after the date of this release.
MJ Harvest, Inc. Converts Its Convertible Loan to PPK Investment Group Into Equity and Makes Additional Investment Into PPK
May 19, 2021 / MJ Harvest, Inc. (OTCQB:MJHI) announced that it has converted its loan to PPK Investment Group, Inc. ('PPK') into a 6.2% interest in PPK, and has supplemented the original investment with purchase of an additional 3.8% of PPK paid for with 1,520,000 shares of MJHI common stock. MJ Harvest's total investment into PPK now sits at 10% and MJHI has an option to increase ownership up to 100% at any time prior to March 31, 2023 provided any increase can then be accomplished in accordance with Oklahoma law.
PPK, doing business as Country Cannabis, is a Wilburton, Oklahoma-based grower, harvester, extractor, producer, wholesaler and retailer of cannabis-based products. The company's brands include The Alchemist and Transcendence Edibles, among others. Country Cannabis focuses on the healing properties of marijuana for patients that are seeking out alternative therapies and/or conjunctive therapies to conventional medicine.
The definitive agreement also grants MJHI an option to acquire the real estate that Country Cannabis utilizes in its operations from an affiliated company. MJHI is working with PPK to structure further investment in compliance with Oklahoma cannabis licensing requirements on a timeline that provides the capital PPK needs for its continuing expansion into new markets. Additional investment in PPK, if any, will be on the same terms as the initial investment.
MJHI is now working directly with PPK to grow and develop its business. Patrick Bilton, CEO of MJHI, was instrumental in establishing a contract manufacturing and distribution relationship with International Brands Group (IBG) for distribution of the Chronic Brand of products in Oklahoma, with options to expand that relationship to other markets as PPK grows.
Patrick Bilton, Chief Executive Officer of MJ, Harvest Inc. noted 'This is one of several manufacturing and distribution opportunities MJHI is bringing to PPK as we work hand in hand with Clinton Pyatt, CEO of PPK, to grow the business, expand the footprint and build brand recognition for Country Cannabis.'
MJ Harvest first announced its initial loan to PPK Investment Group on March 30, 2021. As announced at that time, MJHI was establishing a relationship with PPK through the loan agreement. The goal was to expand the relationship to a larger ownership interest in accordance with Oklahoma law so that, over time, MJHI and PPK can effectively combine and grow their respective businesses. Today's news is a continuance of that plan.
MJHI is currently completing initial filing documents on a Regulation A offering to be filed with the Securities and Exchange Commission to raise up to $7,500,000 to further expand the equity ownership of PPK, build synergies between MJHI and PPK, and expand the business into new and rapidly growing markets. PPK is currently operating in Oklahoma, is in the process of expanding into Arizona, and has several other expansion opportunities in various other markets, including California.
This press release contains forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company assumes no obligation to update any forward-looking statement to reflect any event or circumstance that may arise after the date of this release.
PPK, doing business as Country Cannabis, is a Wilburton, Oklahoma-based grower, harvester, extractor, producer, wholesaler and retailer of cannabis-based products. The company's brands include The Alchemist and Transcendence Edibles, among others. Country Cannabis focuses on the healing properties of marijuana for patients that are seeking out alternative therapies and/or conjunctive therapies to conventional medicine.
The definitive agreement also grants MJHI an option to acquire the real estate that Country Cannabis utilizes in its operations from an affiliated company. MJHI is working with PPK to structure further investment in compliance with Oklahoma cannabis licensing requirements on a timeline that provides the capital PPK needs for its continuing expansion into new markets. Additional investment in PPK, if any, will be on the same terms as the initial investment.
MJHI is now working directly with PPK to grow and develop its business. Patrick Bilton, CEO of MJHI, was instrumental in establishing a contract manufacturing and distribution relationship with International Brands Group (IBG) for distribution of the Chronic Brand of products in Oklahoma, with options to expand that relationship to other markets as PPK grows.
Patrick Bilton, Chief Executive Officer of MJ, Harvest Inc. noted 'This is one of several manufacturing and distribution opportunities MJHI is bringing to PPK as we work hand in hand with Clinton Pyatt, CEO of PPK, to grow the business, expand the footprint and build brand recognition for Country Cannabis.'
MJ Harvest first announced its initial loan to PPK Investment Group on March 30, 2021. As announced at that time, MJHI was establishing a relationship with PPK through the loan agreement. The goal was to expand the relationship to a larger ownership interest in accordance with Oklahoma law so that, over time, MJHI and PPK can effectively combine and grow their respective businesses. Today's news is a continuance of that plan.
MJHI is currently completing initial filing documents on a Regulation A offering to be filed with the Securities and Exchange Commission to raise up to $7,500,000 to further expand the equity ownership of PPK, build synergies between MJHI and PPK, and expand the business into new and rapidly growing markets. PPK is currently operating in Oklahoma, is in the process of expanding into Arizona, and has several other expansion opportunities in various other markets, including California.
This press release contains forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company assumes no obligation to update any forward-looking statement to reflect any event or circumstance that may arise after the date of this release.
