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MassRoots Launches Dispensary Finder Service Cataloguing Storefronts in Nine States

Oct 18 at 9:11 PM

MassRoots unveils web-and-app-based dispensary finder for its 1M+ users. The service launches with 6,000 entries of every storefront in nine states across the U.S.


DENVER— 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.

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.” .

MassRoots management and Isaac Dietrich will be hosting a shareholder conference call to discuss the Company’s business outlook:

What: MassRoots Business Update and Q&A
Date: Thursday, October 19, 2017
Time: 4:30pm Eastern Daylight Time
Dial-in Number: [phone]
Conference Code: 3694738

Questions for MassRoots’ management may be submitted prior to the call to [e-mail].



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, 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 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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