DENVER--(BUSINESS WIRE)--MassRoots, Inc. ("MassRoots" or the "Company") (OTC:MSRT), a technology company focused on the regulated cannabis industry, announced today that it is exploring the re-launch of its mobile applications with an emphasis on community-driven product and strain reviews. The Company recently closed $446,000 in financing through the sale of its Series X Preferred Stock.
“I’m pleased to report that we have significantly improved MassRoots’ capital position over the past several weeks through our Series X equity financing,” stated MassRoots Chief Executive Officer Isaac Dietrich. “The need for accurate, reliable product and strain reviews in the cannabis industry is greater than ever – and we believe community-driven reviews have the potential to influence a significant portion of cannabis purchases in the United States. We are in the process of determining the best plan – and potential strategic partners – to re-launch MassRoots’ mobile apps.”
MassRoots was featured in a primetime CNN segment after it led a successful effort to reform the App Store’s cannabis policies, was pitched to Shark Tank’s Kevin O’Leary on CNBC, and received an invitation to meet Sir Richard Branson on Necker Island as a top 10 semi-finalist in the Extreme Tech Challenge.
On Thursday, February 25, 2021, MassRoots will be presenting at the Benzinga Cannabis Capital Conference at 2:45pm ET. For more information, please visit: https://www.benzinga.com/events/cannabis/virtual/
MassRoots, Inc. (OTC Pink: MSRT) is a leading media company focused on the regulated cannabis industry, with a significant following and traffic across its online and social media platforms. MassRoots has been covered by CNBC, CNN, Financial Times, Wall Street Journal, New York Times, Reuters, and the Associated Press. For more information on MassRoots, please visit MassRootsInvestors.com.
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