On February 25, 2023, Paris Balaouras, the MJ Holdings, Inc.'s Chief Executive Officer, submitted his resignation as Chief Executive Officer 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. The Company's board of directors will manage the business while a search commences for a replacement Chief Executive Officer.