MassRoots Inc (OTCMKTS:MSRT) is a renowned name in the cannabis industry. Recently, the firm released an update pertaining to the legal cannabis marketplace as well on company’s achievements. The company reported that so far in 2017, it has raised over $2.9 million in warrant exercises, nearly close from the exercise of the $0.90 warrants of firm’s warrants. This development offers company its strongest cash position in its entire history.
Isaac Dietrich, the CEO of MassRoots, reported that the main goal is expanding firm’s market share to 25% to 35% of cannabis clients in regulated cannabis industries during 2017. By growing the cannabis purchasing decisions made on the company platform, they can get increased volume and traffic to preferred dispensary partners.
MassRoots has devoted immense hours in the past year establishing a strong foundation of business partners and loyal users. Such an extensive base helps them to capitalize on the rapidly advancing authorized cannabis industry.
In addition to noting significant upgrades to mobile applications and aligning with market leaders, the company has closed key hires in an attempt to capitalize from rapidly evolving political climate. MassRoots anticipate this entire set up will aid revenue growth, expand user-base, and help increase overall shareholder value. The company anticipates recall in Google Play and the presentation of display ads on its Android apps in the coming period. This will act as a strong revenue source for the company.
Earlier in January, MassRoots closed its acquisition transaction of DDDigtal, d.b.a. “Whaxy,” which is an online menu management and order-ahead platform. Since releasing in May 2016, Whaxy’s platform has processed volume of more than $7 million across 60,000 unique trades. It added Tom Angell as the Senior Political Correspondent last month.
In the last trading session, the stock price of MassRoots closed flat at $0.825.