DENVER, Jan.11, 2017 /PRNewswire/ -- MassRoots, Inc. (OTCQB: MSRT), one of the leading technology platforms for the cannabis industry, is pleased to announce it has received over $2.0 million in cash proceeds from the exercise of warrants so far in 2017. This gives MassRoots its strongest cash position in corporate history as it continues to capitalize on the expanding regulated cannabis market.
"Management is pleased with the exceptional support that MassRoots has received from our investors," stated Mr. Isaac Dietrich, Chief Executive Officer of MassRoots. "This capital infusion will help us continue building momentum with the success we are having within the rapidly emerging legal cannabis industry. Going forward, we can now better focus our attention towards increasing revenue, expanding our market presence and enhancing overall shareholder value."
MassRoots is one of the largest technology platforms for the regulated cannabis industry. The company's mobile apps enable consumers to provide community-driven reviews of cannabis strains and products, enabling consumers to make educated cannabis purchasing decisions. MassRoots is proud to be affiliated with the leading businesses and organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association. For more information, please visit MassRoots.com/Investors.
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots' 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 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.
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SOURCE MassRoots, Inc.