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MassRoots, Inc. (MSRT)

MassRoots, Inc. is one of the largest and most active social networks for the cannabis community. Individuals use the company's app to find smoking friends, share their cannabis experiences, and stay connected with local dispensaries. MassRoots has its headquarters in Denver, Colorado. The company lists on the OTC Markets Group's OTCQB..

The company is affiliated with the top organizations in the cannabis industry. These include the ArcView Group and the National Cannabis Industry Association. MassRoots' main emphasis this year is gaining market share in the State of Colorado. Its intention is on proving its business model in Colorado in 2015 and subsequently expanding to multiple states during 2016.

Businesses can use MassRoots to advertise their goods and services to cannabis consumers. MassRoots starts adding in features, including order ahead, delivery, and the in-app purchase of ancillary products as regulations permit.

MassRoots has an estimated 300-plus dispensaries actively posting on its network. These include the nation's leading dispensaries: Native Roots, MiNDFUL, The Clinic, BuddyBoyBrands, Green Solution, Good Chemistry, Denver Relief, Natural Remedies, as well as Harborside Health Center.

Moreover, MassRoots is partnering and taking an equity position in a full seed-to-sale system. This system is now operating in stealth under the name Flowhub during private beta. The MassRoots and Flowhub development teams are integrating their systems, expanding the services available to MassRoots' users and dispensaries.

Recently, MassRoots reported it closed a private placement of its shares of common stock for gross proceeds of $1,065,500. Thus far, MassRoots has raised gross proceeds totaling $3,350,000 via the sale of its securities.

Mr. Isaac Dietrich, Chief Executive Officer, stated, "In 26 months and with roughly $2 million, MassRoots was able to grow to 420,000 users, change cannabis app policies at the largest corporation in the world, and become one of the first cannabis-related companies to go public through an S-1 Registration Statement. We expect this round of funding will enable us start generating scaleable revenue and grow to 1 million users by early 2016."

MassRoots also recently reported that it has crossed 450,000 users on its platform. It expects its user base will be directly correlated with the amount of advertising revenue it can produce. This month, the company expects to cross a half million users and start generating material revenue.

 

 

 

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