MJ Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:46 pm EST
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MJ Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.023336 million compared to USD 0.712856 million a year ago. Net income was USD 0.665172 million compared to net loss of USD 2 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.03 a year ago.
For the nine months, sales was USD 0.183215 million compared to USD 0.773462 million a year ago. Net income was USD 1.03 million compared to net loss of USD 3.34 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.04 a year ago.
MJ Holdings, Inc. is a diversified cannabis holding company. The Company is engaged in providing cultivation management, asset and infrastructure development in the Las Vegas market. It is focused on providing a 360-degree spectrum of infrastructure, including cannabis cultivation, production of cannabis related products, management services, dispensaries, and consulting services. The Companyâs subsidiaries include Prescott Management, LLC, which provides day-to-day management and operational oversight to the Companyâs operating subsidiaries; Icon Management, LLC, which provides human resource management (HR) services to the Company and is responsible for all payroll activities and administration of employee benefit plans and programs; Farm Road, LLC, which owns approximately 260 acres of farmland in Amargosa Valley, Nevada; Condo Highrise Management, LLC, which manages the Company owned Trailer Park in Amargosa, Nevada; and Red Earth Holdings, LLC.
MJ HOLDINGS, INC. 
