Item 4.01 Change in Registrant’s Certifying Accountant
(i)
On October 10, 2018, Paritz & Company, P.A. ("Paritz"),
the independent registered public accounting firm of MJ Holdings, Inc. (the "Company"), announced its resignation effective
on the same date. As a result, the Company's Board of Directors engaged Prager Metis CPAs, LLC (“Prager”) to serve
as the Company's independent registered public accounting firm effective October 10, 2018.
On December 21, 2018 Prager, the independent registered public accounting
firm of the Company advised the Company of its resignation effective on the same date.
On February 15, 2019 the Company’s Board of Directors engaged
Marcum, LLP (“Marcum”) as its independent registered public accounting firm.
On October 21, 2019 the Company dismissed Marcum as the Company’s
independent registered public accounting firm. As a result, the Company's Board of Directors engaged Sadler, Gibb & Associates,
LLC (“Sadler Gibb”) to serve as the Company's independent registered public accounting firm effective October 21, 2019.
(ii)
The reports of Marcum on the financial statements
of the Company as of and for the fiscal year ended December 31, 2018 contained no adverse opinion or disclaimer of opinion and
were not qualified or modified as to uncertainty, audit scope, or accounting principles, except that the audit reports on the financial
statements of the Company for the fiscal year ended December 31, 2018 contained an uncertainty about the Company’s ability
to continue as a going concern.
The reports of Paritz on the financial statements
of the Company as of and for the fiscal year ended December 31, 2017 contained no adverse opinion or disclaimer of opinion and
were not qualified or modified as to uncertainty, audit scope, or accounting principles, except that the audit reports on the financial
statements of the Company for the fiscal year ended December 31, 2017 contained an uncertainty about the Company’s ability
to continue as a going concern.
(iii)
During the Company's fiscal year ended December
31, 2018 and the subsequent interim period from January 1, 2019 to the date of this report, and in connection with the audit of
the Company's financial statements for such period, there were no disagreements (as such term is defined in Item 304 of Regulation
S-K) between the Company and Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreements, if not resolved to the satisfaction of Marcum, would have caused Marcum to make reference
to the subject matter of such disagreements in connection with its audit reports on the Company's financial statements.
During the Company's fiscal year ended December
31, 2017 and the subsequent interim period from January 1, 2018 to the date of this report, and in connection with the audit of
the Company's financial statements for such period, there were no disagreements between the Company and Paritz on any matter of
accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not
resolved to the satisfaction of Paritz, would have caused Paritz to make reference to the subject matter of such disagreements
in connection with its audit reports on the Company's financial statements.
(iv)
During the Company's fiscal years ended December
31, 2018 and 2017 and the subsequent interim period from January 1, 2019 to the date of this report, there were no reportable events
within the meaning of Item 304(a)(1)(v) of Regulation S-K, except for the following:
1) Marcum advised the Company that
there were material weaknesses in the Company’s internal control over financial reporting.
(v)
During the Company's fiscal year December 31,
2018 and 2017 and the subsequent interim period from January 1, 2019 to the date of this report, the Company did not consult with
Sadler Gibb regarding any of the matters set forth in Items 304(a)(2)(i) and (ii) of Regulation S-K.
(vi)
The Company has provided Marcum with a copy
of the disclosures in this report and has requested that Marcum furnish it with a letter addressed to the Securities and Exchange
Commission stating whether or not Marcum agrees with the statements in this Item 4.01. A copy of this letter is filed as Exhibit
16.1 to this report.
The Company has provided Paritz with a copy
of the disclosures in this report and has requested that Paritz furnish it with a letter addressed to the Securities and Exchange
Commission stating whether or not Paritz agrees with the statements in this Item 4.01. A copy of this letter is filed as Exhibit
16.2 to this report.
The Company has provided Prager with a copy
of the disclosures in this report and has requested that Prager furnish it with a letter addressed to the Securities and Exchange
Commission stating whether or not Prager agrees with the statements in this Item 4.01. A copy of this letter is filed as Exhibit
16.3. to this report.