DENVER, May 11, 2015 /PRNewswire/ -- MassRoots (OTCQB: MSRT), one of the largest and most active social networks for the cannabis community, is pleased to announce it has crossed 325,000 users who have interacted 110 million times over its network. MassRoots is quickly becoming one of the first national brands in the cannabis industry. In addition to its mobile app, MassRoots has 180,000 followers on Instagram, 90,000 followers on Twitter and 45,000 followers on Facebook.
"Right now, our goal is to capture as much market share of cannabis consumers and businesses as possible. We already have one of the largest communities and social followings in the industry; over the next several months, we're going to extend that lead as much as possible," stated MassRoots CEO Isaac Dietrich. "Specifically, we expect to surpass 500,000 users during Q3 2015 and 1 million users during Q1 2016."
Over the next several weeks, MassRoots expects to release in-app direct messaging, expanded business profiles and new user discovery features; we expect these improvements to our platform will increase user-engagement and accelerate our user growth.
In partnership with CanopyBoulder, Whaxy, and the Cannabis Commodities Exchange, MassRoots will be sponsoring a pitch-off on May 15th and 16th in Boulder, CO. Teams of developers, entrepreneurs and marketers will have 24 hours to generate as much traction as possible for their businesses or projects. The event kicks off at 6:00pm on May 15th at CanopyBoulder's headquarters. More information will be posted on MassRoots' social media channels later today.
"We're always looking for talented, hardworking individuals and teams who are passionate about building awesome software for the cannabis industry," stated MassRoots CTO Stewart Fortier. "If you're interested in joining the MassRoots team, show us what you can do at CanopyBoulder's pitch-off this weekend."
MassRoots will be attending the Marijuana Business Daily Conference on May 19th and conducting a Non-Deal Roadshow on May 20th and 21st. For a complete list of conferences MassRoots will be attending, please visit corporate.massroots.com/calendar.
MassRoots is one of the largest and most active communities of cannabis consumers with 275,000 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 CNN, CNBC, Fortune, BBC, Cannabist and the New York Times. For more information, please visit Corporate.MassRoots.com.
This information does not constitute an offer to sell or a solicitation of an offer to buy securities or assets of MassRoots. All information presented herein with respect to the existing business and the historical operating results of MassRoots and estimates and projections as to future operations are based on materials prepared by the management of MassRoots and involve significant elements of subjective judgment and analysis which may or may not be correct. While the information provided herein is believed to be accurate and reliable, MassRoots makes no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. In furnishing this information, MassRoots reserves the right to amend or replace some or all of the information herein at any time and undertakes no obligation to provide the recipient with access to any additional information. Nothing contained herein is or should be relied upon as a promise or representation as to the future.
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots' advertising business and our related advertising strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Important factors that could cause our actual results to differ materially from those anticipated by the statements made herein include, among others, the success of our advertising initiatives, the continued growth and engagement of our user base, and unforeseen technical or other problems or issues that could affect the performance of our products or our business. Further information on our risk factors is contained in our filings with the SEC, including our Registration Statement on Form S-1 filed with the SEC on August 26, 2014. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Any forward-looking statement made by us herein speaks only as of the date on which it is made. MassRoots undertakes 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.