MassRoots, Inc. (“MassRoots” or the “Company”) (MSRT), a technology platform for the regulated cannabis industry, is pleased to release an updated Corporate Overview Deck and the following shareholder update:
Dear MassRoots Shareholders,
The regulated cannabis industry continues to be one of the most exciting and compelling sectors of the market. With a paradigm shift occurring in state legislatures and a seemingly ever-growing line of commercial products, the opportunities in this burgeoning space continue to grow.
Since launching in 2013, MassRoots has struggled to monetize its mobile application and network, with our advertising-centric strategy not generating the revenue we originally expected. The past few months have been especially frustrating for MassRoots shareholders and as Chief Executive Officer, it is my responsibility to clearly lay out our strategy and key upcoming milestones.