---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010840"
form_type: "8-K"
ticker: null
cik: "0001456857"
company_name: "MJ Holdings, Inc."
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:00:53.986848+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MJ Holdings terminates CEO, appoints new directors, sells cannabis assets to Black Sheep 710

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-010840
- form_type: 8-K
- cik: 0001456857
- company_name: MJ Holdings, Inc.
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1456857/000149315224010840/0001493152-24-010840-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1456857/000149315224010840/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010840
- JSON: https://secwatch.observer/filing/0001493152-24-010840.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010840.txt

## Key facts
- Executive change
  John Gorst was terminated as Chief Executive Officer at MJ Holdings, Inc..
  - Action: terminated
  - Role: Chief Executive Officer
  source text: On November 16, 2023, John Gorst was terminated as CEO and as a Board Member.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1456857/000149315224010840/0001493152-24-010840-index.htm
- Executive change
  Benjawn (Nancy) Tran was appointed as Director at MJ Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1456857/000149315224010840/0001493152-24-010840-index.htm
- Executive change
  Gioong Ho was appointed as Director at MJ Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1456857/000149315224010840/0001493152-24-010840-index.htm
- Executive change
  Tom Valenzuela resigned as Director at MJ Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: on March 5, 2024, Tom Valenzuela submitted his resignation effective as of March 5, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1456857/000149315224010840/0001493152-24-010840-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.