DENVER, Oct. 18, 2017 /PRNewswire/ -- MassRoots, Inc.
(OTCQB:MSRT), one of the leading technology platforms for the cannabis industry, announced today the release of its new
Dispensary Finder service with 6,000 entries
that catalogue all medical, recreational and delivery-based dispensaries in nine states.
"We want to deliver a great experience for users looking to find marijuana where it's legal," said newly appointed MassRoots
interim CEO Scott Kveton. "Unlike Weedmaps and Leafly, our web-and-app-based tool lists every
storefront regardless of whether they are paying us to be displayed."
MassRoots launched its Dispensary Finder service together with Sweet Leaf, a leading medical and recreational dispensary chain with over 20 locations in Colorado, California and Oregon with
headquarters in Denver, as Dispensary Finder's first promoted customer.
"MassRoots continues to be the thought leader in cannabis space, providing consumers with the easy to use tools to truly
connect with their favorite cannabis brands. Their new Dispensary Finder, in turn, enables us as large cannabis brands to connect
on a much deeper level with our consumer, through a platform that doesn't limit how we engage," said SweetLeaf owner and CEO
Matthew Aiken.
Dispensaries will be able to claim their stores directly on the MassRoots website. After MassRoots verifies the claim,
dispensaries will be able to update their information and connect with consumers through the Dispensary Finder portal. Additional
features and exposure will be available to dispensaries for a fee.
"Dispensary Finder is the latest addition to MassRoots' tools that connect consumers to credible cannabis information. Our app
and web-based products provide strain reviews, product information, 2700 articles of cannabis knowledge and now an easy way to
help find your favorite cannabis brand at over 6,000 dispensaries across the U.S.," said Kveton.
Earlier this year, MassRoots' acquired ordering and point-of-sale systems Whaxy and Odava in an ongoing effort to help
consumers learn about legal cannabis. Future integrations between these tools are anticipated to connect the cannabis consumer
experience from seed to sale.
The 6,000 entries available at launch include all dispensaries in Washington, Oregon, California, Arizona, Colorado, Wisconsin, Michigan,
New Hampshire and Massachusetts, with additional states
expected to come on board by the end of the year. Dispensary finder can be accessed at https://www.massroots.com/dispensaries/
Kveton was appointed interim CEO this week as part of a planned transition for MassRoots' founder and former CEO, Isaac Dietrich, who remains an active member of the Company's board of directors. In addition, Steven Osborn was appointed CTO. "Recreational cannabis sales begin in California in less than 90 days. With a high concentration of users in the Los
Angeles and San Francisco markets, we believe MassRoots is in a unique position to
capitalize on what ArcView Market Research expects to be the most rapidly growing cannabis market in the world," stated Dietrich.
"With Scott and Steven's strong track record in SaaS-based business models, we believe the implementation of California's recreational cannabis law could have a significant impact on MassRoots' revenue and user
growth."
About MassRoots
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. Its compliance and point-of-sale system, MassRoots Retail, enables cannabis-related businesses to
streamline their retail operations and manage compliance reporting to state regulators. With a significant market share of
medical cannabis patients in certain markets and more than 25,000 shareholders, the Company believes it is uniquely positioned to
best serve the needs of the cannabis industry. For more information, please visit MassRoots.com/Investors and MassRoots, Inc.'s filings with the U.S.
Securities and Exchange Commission.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform
Act of 1995. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "potential,"
"continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," "encouraged" and similar expressions and
include statements regarding the Company continuing to be a thought leader in the cannabis space, additional states coming on
board the Company's new Dispensary Finder service by the end of the year, expected future integrations between Whaxy and Odava
connecting the cannabis consumer experience from seed to sale, the Company being in a unique position to capitalize on the
implementation of California's recreational cannabis law, the expected growth of the cannabis
market in California, the potential impact of the implementation of California's recreational cannabis law on the Company's' revenue and user growth, and the Company being
uniquely positioned to best serve the needs of the cannabis industry. The forward-looking statements are based on management's
expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of
which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions
from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ
materially from current expectations include, among others, our ability to act as a thought leader in the cannabis space, our
ability to add additional states to Dispensary Finder service by the end of the year, our ability to connect the cannabis
consumer experience from seed to sale by integrating the Whaxy and Odava tools, our ability to capitalize on the implementation
of California's recreational cannabis law, the ability of the cannabis industry to expand the
regulated cannabis market in California, our ability to increase revenues and users as a result
of the implementation of California's recreational cannabis law, our ability to best serve the
needs of the cannabis industry, our ability to execute our business strategy, the on-going effects of the enactment of
legislation relating to the production of and the commercialization of cannabis products and the other factors described in our
filings with the SEC. The information in this release is provided only as of the date of this release, and we undertake no
obligation to update any forward-looking statements contained in this release based on new information, future events, or
otherwise, except as required by law.
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SOURCE MassRoots, Inc.