History Channel Documentary Featuring MassRoots Set to Air on Monday, January 11, 2016
DENVER, Jan. 06, 2016 (GLOBE NEWSWIRE) -- MassRoots, Inc. (OTCQB:MSRT), one of the largest and fastest growing technology platforms for the cannabis industry, is pleased to announce it will be featured in, “The Marijuana Revolution,” a documentary slated to air on the History Channel this coming Monday, January 11, 2016 at 9:00pm EST.
“There has been an enormous change in how this country views cannabis,” reads a description of the documentary on the History Channel’s schedule. “Today, some states allow some form of medical marijuana and four [the recreational use]. This two-hour special will take a 360-degree look at the growing industry that is marijuana. The growers, the smokers, the opponents, the entrepreneurs...it's a deep dive into the history and the current landscape in the ever changing world of marijuana.”
Cannabis Technology Platform MassRoots to Present at CES This Friday, January 8, 2016
MassRoots, Inc., January 4, 2016 8:00 AM GlobeNewswire
DENVER, Jan. 04, 2016 (GLOBE NEWSWIRE) -- MassRoots, Inc. (MSRT), one of the largest and fastest growing technology platforms for the cannabis industry, will be presenting on stage at the Consumer Electronics Show (CES) this Friday, January 8, 2016 as part of the semi-finals for the Extreme Tech Challenge. Through its mobile applications and website, people use MassRoots to share their cannabis experiences, discover the best dispensaries, and stay connected with the legalization movement.
MassRoots’ presentation is expected to cover the following topics:
At least 8 states are expected to have some form of cannabis legalization on the ballot during 2016, including California, Nevada, Massachusetts, and Florida. With more than 675,000 users on its platform, MassRoots is uniquely positioned to help these initiatives pass by organizing legalization events and informing users of key voter registration deadlines. ArcView Market Research projects this year’s elections could cause the regulated cannabis industry to grow from $3.3 billion in 2015 to $10.8 billion by 2019.
In mid-August 2015, MassRoots started generating revenue through advertising, allowing dispensaries and cannabis brands to reach their target consumers. MassRoots CEO Isaac Dietrich will explore the problems faced by cannabis businesses – including advertising bans by Facebook and Google – as well as the catalysts fueling MassRoots’ revenue growth.
MassRoots has submitted an application to uplist to the Nasdaq, with the goal of being one of the first cannabis technology companies listed on a national exchange. With a market capitalization of $51 million and more than 2,000 shareholders as of December 31, 2015, MassRoots currently satisfies many of the Nasdaq’s qualifications and expects to meet the remaining in the near future. However, even if MassRoots meets all the qualifications, there can be no guarantee Nasdaq will accept MassRoots’ application.
“We believe 2016 will be the year cannabis breaks into the mainstream. With close to 40% of the United States population voting on the medicinal or adult-use of cannabis this year, we view this as our golden window of opportunity to establish MassRoots as one of the preeminent technology platforms for the cannabis industry,” stated MassRoots CEO Isaac Dietrich. “Technology and big data have transformed countless industries and we believe the same will hold true for the cannabis sector. We are extremely grateful for the opportunity to share our vision for the cannabis industry at one of the largest gatherings of technology enthusiasts, investors, and media in the world.”
On January 8, 2016 between 2:00 and 4:00pm PST, MassRoots will be presenting on stage at CES to a panel of distinguished judges, media outlets, and technology enthusiasts as part of the semi-finals for the Extreme Tech Challenge. If selected as one of the top 3 finalists, MassRoots will be invited to pitch Sir Richard Branson on Necker Island in early February 2016. For more information, please see the Extreme Tech Challenge’s recent press release and the official CES schedule.
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MassRoots Closes $1 Million Financing Round
DENVER, July 14, 2015 /PRNewswire/ -- MassRoots (OTCQB: MSRT), one of the largest and most active social networks for cannabis consumers with 420,000 users, is pleased to report it has closed a private placement of its shares of common stock for gross proceeds of $1,065,500. To date, MassRoots has raised gross proceeds totaling $3,350,000 through the sale of its securities. For more information, please refer to MassRoots' filings with the U.S. Securities and Exchange Commission at www.sec.gov.
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MassRoots Releases Q2 Earnings Report;
DENVER, July 21, 2015 /PRNewswire/ -- MassRoots, Inc. (OTCQB: MSRT) is pleased to report it has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2015 which will be available on Corporate.MassRoots.com and the Securities and Exchange Commission's website.
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