secwatch.observer — SEC 8-K summary
======================================

Issuer:     MJ Holdings, Inc. (—)
CIK:        0001456857
Form:       8-K
Filed at:   2024-03-22T23:59:59+00:00
Accession:  0001493152-24-010840
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456857/000149315224010840/0001493152-24-010840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456857/000149315224010840/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010840

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer