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Marijuana

MassRoots Inc (OTCMKTS:MSRT) Unveils Its Marijuana Initiative Overview

MassRoots Inc (OTCMKTS:MSRT) is a company that provides services to cannabis activists, businesses and consumers through its technology platform. Currently, the company has about 35,000 shareholders. It was today that the business guru disclosed details regarding a recent polling on cannabis legalization.

The state of affairs

One thing that comes out quite clearly is that the major states seem to have taken one side. Most of them indicated great support for the legalization of the product. Some of these states include Michigan, North Dakota, Missouri and Utah.

A new report makes projections about the future. It is the New Frontier Data. The report shows that by 2025 much will have changed. The New Frontier Data indicates that the U.S. regulated cannabis sector showcases significant potential. The report provides an approximate figure of $25 billion. That is a significant increase considering that in 2017 it stood at $8.3 billion.

Isaac Dietrich, the current CEO of MassRoots believes in the power elections portend. According to the official, they help reshape economies, develop new markets and can as well alter the course of history.

Dietrich opined, “We believe if four additional states vote to create regulated cannabis markets in the 2018 elections, it could result in additional subscriber and revenue growth for MassRoots.”

A close outlook

Time pulls along with desirable changes. Many states continue creating as well as making expansions and that implies we might soon witness more regulated markets. The trend goes on and on and the company’s business model aligns to them.

From time to time reports come up about particular states legalization of the product. The company takes advantage of such opportunities quite fast. They step into the scene and get to register new users and business as well. The best part is that it does so at rather minimal costs.

It was also today that the business guru called upon advisors, individuals and institutional investors to watch its presentation. The company says that it is quite an easy process. It just involves logging in to its VirtualInvestorConfrences.com. From there, the user gets to understand everything regarding the shareholder materials and everything else.

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Marijuana

MassRoots Inc (OTCMKTS:MSRT) Loses Directors As It Appoints New Officers

MassRoots Inc (OTCMKTS:MSRT) has announced that some directors have left the firm and that it has appointed new officers to replace those who have departed. Among those who resigned was Steve Osborn. He was the company’s chief technology officer until his resignation.

Jesus Quintero has been appointed MassRoot’s chief financial officer and he will serve as a replacement to Isaac Dietrich, who served as the interim CFO. Quintero is expected to serve in the CFO position for a period of 12 months. His term shall be renewed automatically in the successive years unless Quintero gives a notice in writing indicating unwillingness to renew. This will have to be 90 days before the expiry of the first term.

Written notice

Either party will also be able to terminate the agreement after giving a written notice. On a monthly basis Quintero will be paid a monthly fee of $4,000. He will also get 250,000 common stock shares of the company and these will vest beginning January 10, 2018.

Prior to joining MassRoots Quintero was a financial consultant who worked for various international and domestic firms. This included GAM Distribution Corporation, ATR Wireless Inc and Premier Radiology Services among others. Quintero has also worked as Brazil Interactive Media’s chief financial officer as well as held senior positions in finance at various firms such as Spain’s Telefonica, Globetel Communications Corp, Latin Node and Avnet.  Other firms Quintero has worked at includes advisory firms Deloitte and PriceWaterhouseCoopers. Quintero is registered as a CPA in New York.

Loss of office

The departure and eventual hiring of key personnel at MassRoots coincides with MassRoots its corporate headquarters office. This is after a court ruling where a U.S. District Court judge ordered the premises to be given back to the landlord. Prior to the rulng MassRoots had been served with a notice warning of an eviction in the event that rent arrears were not paid.

According to a property manager and attorney representing the landlord, MassRoots had failed to pay rent for months. Per the notice that MassRoots was served with the amount the company owed the landlord was $39,742 and this rent for the months of September, October, and November last year.

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Marijuana

MassRoots Inc (OTCMKTS:MSRT) Update On Promotional Activity

MassRoots Inc (OTCMKTS:MSRT) reported that OTC Markets Group, Inc. has made the firm aware of promotional activity pertaining the market for its shares. It was informed that the OTC markets have become alert of certain promotional activities regarding MassRoots common stock prompting investors to buy shares.

The firm has been apprised that this promotional activity may have impacted on the market and trading activity for its shares. Until updated by OTC Markets, the firm was uninformed of the promotional activity and stays unaware of the full content and nature of this activity, the parties involved or the scope of the dissemination.

The buzz

MassRoots stated that definitively the firm, its directors, officers, and to the firm’s knowledge, its controlling shareholders or any third party service firms, have not, indirectly or directly, authorized or been associated in any way with the distribution or creation of promotional materials pertaining to the firm and its securities. Further, the firm, its directors, officers, and controlling shareholders, have not purchased or sold the firm’s securities within the previous 90 days.

Certain statements pertaining to MassRoots made in promotional activity sent to the firm by OTC Markets should be explained. Cannabis is not decriminalized in nine states. These states have enacted laws allowing the cannabis sale under state law, however it remains prohibited under federal law.

MassRoots doesn’t have negligible overhead in Q1 2017, as it recorded losses of over $7.4 million. Fusion and Uber were paying customers of MassRoots in FY2016 but don’t presently have an advertising campaign with company. MassRoots has raised $15 million since it was established via the securities sale and the exercise of warrants and options.

The company considers its revenues could grow significantly as regulated recreational and medicinal cannabis markets start making sales and its number of cannabis patients continues to scale, but is subject to numerous unknown and known risks as stated in its filings with the U.S. SEC.

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Business

MassRoots Inc (OTCMKTS:MSRT) Highlights Recent Operational Achievements

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.

The buzz

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.

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Marijuana

MassRoots Inc (OTCMKTS:MSRT) And MJ Freeway Associate On Live Menu Pricing

MassRoots Inc (OTCMKTS:MSRT) and MJ Freeway, the renowned point-of-sale and compliance supervision platform engrossed in the cannabis industry, reported that MJ Freeway’s API will support live menu pricing for its dispensary customers within the MassRoots platform.

The expert view

Isaac Dietrich, the CEO, reported that MJ Freeway is the undeniably leader in seed-to-sale tracking software and supports almost half of all deals in the legalized cannabis industry. This partnership will allow continuous communications between MJ Freeway’s dispensary customers and MassRoots’ community of cannabis clients. MJ Freeway’s founders, Jessica Billingsley and Amy Poinsett, were two of the first folks the MassRoots CEO came across in the industry back in 2013 and he have the extreme respect for what they have been able to achieve as it’s extremely tough being the pioneers in the space.”

Jessica Billingsley, the COO and Co-Founder of MJ Freeway, reported that as the prevalent technology platform for cannabis operations, they are always looking to extend their capabilities and empower clients to approach more consumers. They have witnessed Dietrich mature MassRoots from a flourishing social platform to a vigorous customer to business pipeline. Collaboration between business clients is high, and they could not be more thrilled to associate with MassRoots on this assignment and deliver even more value to their joint clients.

MJ Freeway® is the renowned software and consulting offering for cannabis operations, processing $5 billion in cannabis sales deals and serving numerous businesses in the U.S., Europe, Australia and Canada. Established in 2010 by a team of career IT and software experts, the product suite is advanced and built from the ground-up mainly for cannabis businesses. The tracking software comprises patent-pending inventory regulation and grow management apps to streamline workflow and improve productivity.

Also, MJ Freeway has Leaf Data systems software offering that allows governments to track cannabis crops from seed-to-sale and confirm patient, product and public safety. MJ Freeway provides professional services and consulting solutions for cannabis businesses.

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Marijuana

MassRoots Inc (OTCMKTS:MSRT) Adds New Community Driven Reviews To Mobile App

MassRoots Inc (OTCMKTS:MSRT) has announced the addition of a products and strain reviews section to its Android and iOS applications. The company stated that the aim of the community driven reviews was to help patients get the best products, for their illness. It should be noted here that MassRoots is accessible in all states with a cannabis law.

The market for cannabis related products and services is set to expand, as a total of nine states would be conducting a vote, on November 8, 2016. The results of the vote would decide whether the particular state needs to take initiatives for the regularization, production and sale of cannabis. Experts believe that an affirmative would mean that the cannabis industry can potentially expand to over $23 billion, by 2020.

MassRoots plans to make use of this opportunity, to accelerate its user growth and drive revenues, by adding new and useful features to its mobile technologies. Isaac Dietrich, the CEO of MSRT, pointed out that there were thousands of vendors out there, in the regulated cannabis industry, which makes it difficult to find the right vendor for a patients particular requirements. He believed that his company’s initiative for community driven reviews can address this problem, in a meaningful way.

In addition to this, MassRoots revealed that it had successfully raised a total of $250,000, during October 2016, with the help of marijuana legalization campaigns, as well as non-profits across the country. Mr. Dietrich announced that the population of these states comprises over 30% of the US population and MSRT was utilizing its community to help these laws pass. He also criticized the marijuana companies that tend to talk about helping the initiatives pass, but never do anything that can actually help. The CEO further claimed that MassRoots has been silently taking action to help a number of cannabis initiatives get past the finish line.

MassRoots Inc (OTCMKTS:MSRT) gained 9.47% in terms of its share value, during the November 7 trading session, to reach a close at $1.04 per share. The stock had a trade volume of 4.88 million.

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