8-K
filed March 22, 2024, 7:59 PM ET
CIK 0001456857
other material
confidence high
sentiment negative
materiality 0.80
MJ Holdings terminates CEO, appoints new directors, sells cannabis assets to Black Sheep 710
MJ Holdings, Inc.
- John Gorst terminated as CEO and board member effective Nov 16, 2023; no disagreement cited.
- Benjawn (Nancy) Tran and Gioong Ho appointed to board effective Nov 16, 2023.
- Tom Valenzuela resigned as board member effective March 5, 2024; no disagreement cited.
- Former CFO Jim Kelly retained to assist with asset liquidation and corporate restructuring.
- Asset sale agreement with Black Sheep 710 Consulting to sell cannabis assets and transfer promissory note for 'The Farm', effective Feb 6, 2024.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Gorst was terminated as Chief Executive Officer at MJ Holdings, Inc..
- Action
- terminated
- Role
- Chief Executive Officer
Exact text from the filing
On November 16, 2023, John Gorst was terminated as CEO and as a Board Member.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Benjawn (Nancy) Tran was appointed as Director at MJ Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 16, 2023, MJ Holdings Inc.’s board of directors appointed Benjawn (Nancy)Tran and Gioong Ho to the board of directors, effective November 16, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gioong Ho was appointed as Director at MJ Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On November 16, 2023, MJ Holdings Inc.’s board of directors appointed Benjawn (Nancy)Tran and Gioong Ho to the board of directors, effective November 16, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tom Valenzuela resigned as Director at MJ Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
on March 5, 2024, Tom Valenzuela submitted his resignation effective as of March 5, 2024.
View on SEC.gov
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