$MJNE - NEWS! - Shareholder update. https://ww
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Our grow team will plant 100 acres of hemp that should yield about 10,000 kilos of CBD isolate with a wholesale value in excess of $40,000,000. Our belief in the future cultivation of hemp for the production of high quality CBD distillate and isolate is so strong that we are securing rights to cultivate up to an additional 2,000 acres in 2020.
As we continue to look forward to 2019 we are preparing to expand both domestically and internationally, MJ International Research Company, Ltd., a wholly owned subsidiary of MJ Holdings, Inc., will be headquartered in Dublin, Ireland. We will launch our entry into the European marketplace, initially cultivating 10 acres of medical marijuana, utilizing our proven mesh system for distribution in Greece and export to Germany, Poland and other EU countries as the use of medical marijuana becomes legal.
We believe the markets will react positively to our quarterly earnings and our plans for growth in 2019.