LOS ANGELES--(BUSINESS WIRE)--
MassRoots, Inc. (“MassRoots” or the “Company”) (MSRT), a leading technology platform for the regulated cannabis industry, announced today that it has entered into a Master Service Agreement (“MSA”) with Snipp Interactive, Inc. (“Snipp”) (SPN.V) to power its WeedPass™ Rewards Program.
By utilizing Snipp’s receipt-processing and loyalty program technology, MassRoots aims to transition WeedPass™ to a points-based rewards program for dispensaries and cannabis brands. Pursuant to the agreement, Snipp will assist MassRoots and its partners in creating comprehensive customer acquisition and retention strategies based on the accumulated knowledge and deep expertise it has acquired in designing and launching marketing programs in other highly regulated industries such as pharmaceuticals, alcohol and tobacco.
“By partnering with Snipp, we believe MassRoots can rapidly expand the utility and effectiveness of our WeedPass Rewards Program as we continue to grow our client base of dispensaries and cannabis brands,” stated Mr. Isaac Dietrich, Chief Executive Officer of MassRoots. “We’re excited by the opportunity to work with an industry leader in Snipp to develop a cutting-edge rewards program for the multibillion-dollar cannabis industry.”
“We are energized by the interest shown by MassRoots in our platform and expertise in running customer acquisition and retention programs across multiple industries,” said Mr. Atul Sabharwal, Chief Executive Officer of Snipp. “We look forward to enabling industry-first solutions with MassRoots in states that have regulated the production and sale of cannabis.”
MassRoots, Inc. is a leading technology platform 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 rewards program, WeedPass™, enables consumers to earn tickets to movies, sporting events, and festivals by shopping at participating dispensaries. MassRoots has been covered by CNN, CNBC, Fox Business, Fortune, Forbes, and Reuters. For more information, please visit www.MassRoots.com/Investors and review MassRoots’ filings with the U.S. Securities and Exchange Commission.
Snipp is a global loyalty and promotions company with a singular focus: to develop disruptive engagement platforms that generate insights and drive sales. Our solutions include shopper marketing promotions, loyalty, rewards, rebates and data analytics, all of which are seamlessly integrated to provide a one-stop marketing technology platform. We also provide the services and expertise to design, execute and promote client programs. SnippCheck, our receipt processing engine, is the market leader for receipt-based purchase validation; SnippLoyalty is the only unified loyalty solution in the market for CPG brands. Snipp has powered hundreds of programs for Fortune 1000 brands and world-class agencies and partners. The company is publicly listed on the OTCQB, of the OTC Market in the United States of America under symbol SNIPF, and on the Toronto Stock Venture Exchange (TSX) in Canada under symbol SPN. Snipp was selected to the TSX Venture 50®, an annual ranking of the strongest performing companies on the TSX Venture Exchange, in 2015 and 2016. SNIPP IS RANKED AMONGST THE TOP 500 FASTEST GROWING COMPANIES IN NORTH AMERICA on Deloitte’s 2018 Technology Fast 500™ List, for the third year in a row. Visit the Snipp website at http://www.snipp.com/ for Snipp’s full suite of solutions and examples of Snipp programs.
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.