Company plans to expand its WeedPass rewards program to San Francisco and Phoenix markets in early 2019
LOS ANGELES, Dec. 27, 2018 /PRNewswire/ -- MassRoots, Inc. ("MassRoots" or the "Company") (MSRT), a leading technology and rewards platform, announced today that the Company's WeedPass™ rewards system has gained adoption by more than 140 dispensary locations since launching in August 2018. MassRoots is continuing to expand the diversity of rewards offered by WeedPass, as well as the markets in which it's available.
MassRoots currently offers its WeedPass rewards program to regulated dispensaries in Denver and Los Angeles, with plans to expand to the San Francisco and Phoenix markets in early 2019. After an introductory free-trial period, the Company charges listing fees to participating dispensaries for its WeedPass rewards program as well as exposure to its community of one million registered users. MassRoots believes its platform can help drive sales to dispensaries in every regulated market in the United States.
"Management is extremely pleased with the rapid adoption and expansion of our newly implemented WeedPass™ rewards system," stated Mr. Isaac Dietrich, MassRoots' Chief Executive Officer. "The Company has made noteworthy progress in expanding its client-base of dispensaries and increasing its overall monthly revenue. I am confident that the Company is well-positioned to scale to several hundred paying dispensary clients by early 2019 and become a leading advertising channel for licensed retailers."
For more information, please visit www.WeedPass.com and review MassRoots' filings with the U.S. Securities and Exchange Commission.
MassRoots, Inc. is a leading technology and rewards platform. Powered by more than one million registered users, the Company's mobile apps empower consumers to make educated purchasing decisions through community-driven reviews.
The Company's 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.
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.
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