DENVER, Aug. 29, 2016 /PRNewswire/ -- MassRoots, Inc. (OTCQB:MSRT) and Flowhub, a point-of-sale and cultivation management platform focused on the cannabis industry, are pleased to provide an update on their platform integration. MassRoots CEO Isaac Dietrich and Flowhub CEO Kyle Sherman will be hosting a Facebook Live demonstration and Q&A today, August 29, 2016, at 3:30pm EDT. To join, please visit MassRoots' Facebook page at 3:30pm EDT today.
Since formally launching in June 2016, Flowhub has facilitated more than 245,000 transactions across dozens of dispensaries in Colorado and Oregon. Through its point-of sale and grow management software, Flowhub automates and streamlines business operations for cannabis dispensaries and cultivators. In May 2015, MassRoots invested in Flowhub's preferred seed round to provide capital for the initial development of the platform.
"There are strong synergies between Flowhub and MassRoots. We are creating a closed-loop system to streamline the most important functions for cannabis businesses and consumers," stated MassRoots CEO Isaac Dietrich. "We believe Flowhub is at a critical inflection point, poised to scale from dozens of dispensary locations using its platform now to hundreds of locations by the end of the year. Within the next few months, we believe a significant percentage of all transactions occurring in the regulated cannabis industry will occur on the MassRoots/Flowhub platform."
"We're not just creating a tool to solve a specific pain-point for businesses; we're engineering the technology platform that could power the entire cannabis industry," stated Flowhub CEO Kyle Sherman. "We've made the transition from the existing legacy systems to Flowhub simple and hassle-free – in some cases taking less than a day. Contact us today for a demo and our software will speak for itself."
MassRoots is one of the largest and most active technology platforms for cannabis consumers, businesses and activists with over 900,000 registered users. It is proud to be affiliated with the leading organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association. MassRoots has been covered by Fox Business, CNBC, Fortune, Denver Post, and The Financial Times. For more information, please visit MassRoots.com/Investors.
Flowhub is one of the most modern and customized seed-to-sale platforms available to cannabis retailers and cultivators today. Built specifically for the industry, Flowhub makes compliance a breeze and is used by some of the largest retailers in the country. Learn more at www.Flowhub.co.
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots' and Flowhub's business, potential partnerships, new features, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time to time. MassRoots and Flowhub undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.
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SOURCE MassRoots, Inc.