LOS ANGELES, Sept. 27, 2018 /PRNewswire/ -- MassRoots, Inc. ("MassRoots" or the "Company") (OTCQB: MSRT), one of the leading technology platforms for the regulated cannabis industry, is pleased to announce it has launched the WeedPass rewards program for cannabis consumers. The key features of the rewards program are as follows:
- WeedPass purchases rewards such as concert, movie or sports tickets in bulk for approximately $5 to $10 per ticket.
- WeedPass distributes these concert, movie or sports tickets to participating dispensaries to reward consumers for spending a particular amount at the dispensary, currently $50 to $75.
- WeedPass charges dispensaries a listing fee of approximately $15 to $20 per ticket to list the reward offering on its platform.
- Consumers can claim the rewards directly at the dispensary by spending a particular amount, currently $50 to $75.
MassRoots has been beta-testing the WeedPass Rewards Program since August 2018, and the program currently has subscribed dozens of participating dispensaries. WeedPass is currently available in the California and Colorado markets, and the Company intends to expand the program to every state which has a regulated cannabis market.
"As of this point, we have done three event promotions with MassRoots, and so far they have delivered exactly what they said they would," stated Ms. Shannon Marie, Marketing Director for Kushism, a licensed dispensary in Los Angeles, California. "The turnaround time for responses and accessibility for client services has been some of the best this industry has had to offer, and providing a much needed product, reasonably and successfully. I'm optimistic about the future of marijuana industry promotions, and am pleased that a media company out there finally understands not only what is legal, but even the nuances of this industry that benefits not only the company, but the dispensaries they partner with, and most importantly the customers who keep this industry alive."
For more information on WeedPass, please see the WeedPass Overview Deck released on September 27, 2018.
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. With a significant market share of medical cannabis patients in certain markets and more than 35,000 shareholders, the Company believes it is uniquely positioned to best serve the needs of the cannabis industry. For more information, please visit www.MassRoots.com/Investors and review MassRoots' filings with the U.S. Securities and Exchange Commission.
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
SOURCE MassRoots, Inc.