PPK Investment Group, Inc. announced that it expects to receive $0.62 million in funding from MJ Harvest, Inc.
March 21, 2021
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PPK Investment Group, Inc announced a securities purchase agreement to issue convertible note for gross proceeds of $620,000 on March 22, 2021. The transaction will include participation from MJ Harvest, Inc. (OTCPK:MJHI). The convertible note bears interest at 6% per annum and is due on September 1, 2021. The conversion feature of the note provides that investor may convert the note to acquire a 6.2% interest in the company. Upon conversion, investor will also have the right to acquire an additional 3.8% interest in the company(10% in total) for payment of $380,000 by issuance of restricted common stock of investor priced at $0.25 per share or 1,520,000 shares. The note may not be prepaid.
MJ Harvest, Inc. develops, acquires, and distributes agricultural and horticultural tools and implements for sale primarily to growers and operators in the hemp and cannabis retail industry. The Company owns 100% of G4 Products LLC, (G4), which owns intellectual property for a patented manual Debudder product line marketed under the Original 420 Brand as the Debudder Bucket Lid and Edge (Debudder). The Company also owns 100% of AgroExports LLC (Agro), which serves as the domestic and international distribution arm for sales of agricultural and horticultural tools and implements. It operates a sales portal Website, www.procannagro.com, for online sales of its products. It has acquired manufacturing equipment and two cannabis licenses for a cannabis manufacturing and distribution business in Cathedral City, California, CCCA. It has also expanded its focus to include a minority investment interest in PPK Investment Group, Inc., a vertically integrated cannabis company in Oklahoma.
MJ HARVEST, INC. 
