Mj Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 25, 2021 at 04:39 pm EDT
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MJ Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 209,006 compared to USD 66,914 a year ago. Operating loss was USD 1.903 million compared to USD 579,003 a year ago. Net loss was USD 836,172 compared to USD 630,112 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.1 a year ago. For the half year, sales was USD 516,381 compared to USD 523,072 a year ago. Operating loss was USD 4.499 million compared to USD 1.745 million a year ago. Net income was USD 6.404 million compared to net loss of USD 1.838 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to basic loss per share from continuing operations of USD 0.03 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. 