MJ Holdings, Inc.: insider trades · United States · SEC (Form 4)

About MJ Holdings, Inc.

MJ Holdings, Inc. (ticker: MJNE) is a U.S.-based cannabis holding company with shares quoted on the OTC market rather than on the NYSE or NASDAQ at this stage; recent SEC materials indicate that quotations for the stock have been on OTC Link ATS’s Expert Market. The company is organized in the United States, and its filings place the headquarters in the Las Vegas/Henderson, Nevada area. For investors, MJNE should be viewed as a very small-cap, locally anchored operator with a business footprint concentrated in Nevada, especially the Las Vegas market. ([sec.gov](https://www.sec.gov/files/litigation/admin/2025/34-103925.pdf)) Operationally, MJ Holdings has historically described itself as a diversified cannabis holding company providing cultivation management, licensing support, production management, asset development, and infrastructure development. The business model is centered on services and project execution within the regulated cannabis ecosystem rather than on a broad consumer brand platform. Earlier SEC filings also describe a broader ambition to build a 360-degree cannabis infrastructure platform spanning cultivation, production, dispensaries, and consulting services. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1456857/000121390019020407/f10k2018_mjholdings.htm)) The company’s roots go back to its earlier corporate incarnation before being renamed MJ Holdings, Inc. Management historically positioned the company as a Nevada-first concept: prove the model profitably in the rapidly growing Las Vegas market, then replicate it in other states through partnerships, acquisitions, and new launches. SEC filings also reference development efforts around branded product rollouts, including Highland Brothers, aimed at broader U.S. and international markets in earlier strategic commentary. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1456857/000121390019020407/f10k2018_mjholdings.htm?utm_source=openai)) From a competitive standpoint, MJ Holdings sits in the fragmented microcap cannabis services space, where operators face intense competition, regulatory complexity, capital constraints, and execution risk. Its niche positioning may provide local operating familiarity in Nevada, but it also leaves the company exposed to concentration risk and limits scalability versus larger multi-state cannabis platforms. In market terms, MJNE is more of a special-situation, high-risk microcap than a diversified institutional-quality operator. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1456857/000121390019020407/f10k2018_mjholdings.htm)) The most important recent development is regulatory rather than commercial. In September 2025, the SEC said MJ Holdings had not filed periodic reports since its Form 10-Q for the period ended September 30, 2023, and initiated administrative proceedings under Exchange Act Section 12(j). That is a major red flag for transparency, filing compliance, and ongoing listing/quotation stability. For investors following Form 4 insider transactions, this matters because insider activity is occurring against a backdrop of limited current periodic disclosure. ([sec.gov](https://www.sec.gov/files/litigation/admin/2025/34-103925.pdf)) In summary, MJ Holdings, Inc. is a U.S. cannabis microcap with a Nevada-centric operating history, OTC quotation status, and a profile defined as much by SEC compliance risk and information scarcity as by its underlying operating model. ([sec.gov](https://www.sec.gov/files/litigation/admin/2025/34-103925.pdf))