MMJ Group Holdings Limited ( ASX:MMJ ) ( OTCMKTS:MMJJF ) ("MMJ") notes that, as part of its active portfolio management approach, it has lodged a notice with the TSX Venture Exchange ("TSX-V") stating its intention to divest up to 5 million of its 48.333 million(see Note below) shares held in Harvest One Cannabis Inc. ( CVE:HVT ) ("Harvest One").The notice is a Canadian regulatory requirement as MMJ's current shareholding of approximately 28% in Harvest One is more than the 20% ownership threshold. Lodgement of the notice permits MMJ to divest the shares at any time at its discretion, either through the TSX-V and/or direct with private buyers, after the expiry of a seven-day notice period.MMJ's CEO Jason Conroy commented that "On completion of the share sale the proceeds are expected to be mostly applied by MMJ to other investment opportunities."Note: On completion of the sale of PhytoTech Therapeutics, MMJ will be issued 8,160,161 Harvest One shares.About MMJ Group Holdings LtdMMJ Group Holdings Ltd (ASX:MMJ) is a global cannabis investment company. MMJ owns a portfolio of minority investments and aims to invest across the full range of emerging cannabis-related sectors including healthcare, technology, infrastructure, logistics, processing, cultivation, equipment and retail. For MMJ's latest investor presentation and news, please visit: http://www.mmjphytotech.com.au/investors/

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Jason Conroy

Chief Executive Officer

T: +61-2-8098-0819

E: info@mmjgh.com.au Investor and Media Enquiries:Jason ConroyChief Executive OfficerT: +61-2-8098-0819E: info@mmjgh.com.au