MassRoots, Inc. (“MassRoots” or the “Company”) (OTCQB:MSRT), one of the leading technology platforms for the regulated cannabis industry, today announced all notes issued pursuant to the Company’s August 2017 debt offering have been retired and the Company has no further obligations under the notes of that offering. More information is available on the Company’s Current Report on Form 8-K filed on January 17, 2018.
“We’re excited to have this convertible debt fully retired as we continue to strengthen MassRoots’ balance sheet and drive shareholder value,” stated MassRoots Chief Executive Officer Mr. Isaac Dietrich. “With California’s recreational cannabis market recently coming online and our expansion into blockchain technology, we believe MassRoots is well positioned to deliver growth in 2018.”
Powered by more than one million registered users, MassRoots enables consumers to rate products and strains based on their efficacy (i.e., effectiveness for treating ailments such back-pain or epilepsy) and then presents this information in easy-to-use formats for consumers to make educated purchasing decisions at their local dispensary. Businesses are able to leverage MassRoots by strategically advertising to consumers based on their preferences and tendencies. More information on MassRoots’ blockchain expansion is available at www.MassRootsBlockchain.com.
MassRoots, Inc. is one of the leading technology platforms for the regulated cannabis industry. Powered by more than one million registered users, the Company’s mobile apps empower consumers to make educated cannabis purchasing decisions through community-driven reviews. Its compliance and point-of-sale system, MassRoots Retail, enables cannabis-related businesses to streamline their retail operations and manage compliance reporting to state regulators. With a significant market share of medical cannabis patients in certain markets and more than 25,000 shareholders, the Company believes it is uniquely positioned to best serve the needs of the cannabis industry. For more information, please visit MassRoots.com/Investors and review MassRoots’s filings with the U.S. Securities and Exchange Commission.
Source: PR Newswire