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MassRoots Exploring Re-Launch of its Mobile Applications

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With a significantly improved capital position from its Series X equity financing, MassRoots is exploring plans and potential strategic partners to re-launch its mobile apps

MassRoots, Inc. ("MassRoots" or the "Company") (OTC:MSRT), a technology company focused on the regulated cannabis industry, announced today that it is exploring the re-launch of its mobile applications with an emphasis on community-driven product and strain reviews. The Company recently closed $446,000 in financing through the sale of its Series X Preferred Stock.

"I’m pleased to report that we have significantly improved MassRoots’ capital position over the past several weeks through our Series X equity financing," stated MassRoots Chief Executive Officer Isaac Dietrich. "The need for accurate, reliable product and strain reviews in the cannabis industry is greater than ever – and we believe community-driven reviews have the potential to influence a significant portion of cannabis purchases in the United States. We are in the process of determining the best plan – and potential strategic partners – to re-launch MassRoots’ mobile apps."

MassRoots was featured in a primetime CNN segment after it led a successful effort to reform the App Store’s cannabis policies, was pitched to Shark Tank’s Kevin O’Leary on CNBC, and received an invitation to meet Sir Richard Branson on Necker Island as a top 10 semi-finalist in the Extreme Tech Challenge.

On Thursday, February 25, 2021, MassRoots will be presenting at the Benzinga Cannabis Capital Conference at 2:45pm ET. For more information, please visit: https://www.benzinga.com/events/cannabis/virtual/

About MassRoots

MassRoots, Inc. (OTC Pink: MSRT) is a leading media company focused on the regulated cannabis industry, with a significant following and traffic across its online and social media platforms. MassRoots has been covered by CNBC, CNN, Financial Times, Wall Street Journal, New York Times, Reuters, and the Associated Press. For more information on MassRoots, please visit MassRootsInvestors.com.

Forward-looking Statements
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 may 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 our 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210224005336/en/

Contacts

Isaac Dietrich
Isaac@MassRoots.com