MJ Harvest, Inc. announced that it has issued a secured promissory note for gross proceeds of $971,000 on March 28, 2022. The transaction will include participation from individual investor Stephen A. MacDonald. The note is due on June 30, 2022 and is expected to be replaced by a senior convertible secured note which is currently being negotiated.

The new note was structured to allow additional time for the company and the lender to negotiate and document the senior convertible secured debt. The new note is secured by all assets of the company.