On February 25, 2023, Paris Balaouras, the MJ Holdings, Inc.'s Chairman of the Board of Directors, submitted his resignation as Chairman of the Board of Directors effective as of February 25, 2023. Mr. Balaouras' decision to resign is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Tom Valenzuela will act as interim Chairman of the board effective as of February 25, 2023.