Zitat:"DENVER, Oct. 21, 2016 /PRNewswire/ -- MassRoots, Inc. (OTCQB: MSRT), one of the leading technology platforms for the cannabis industry, is pleased to announce it has completed a $5.0 million equity offering under its Registration Statement, declared effective by the Securities and Exchange Commission on August 11, 2016. There will be no further sales in this offering. MassRoots' Founder and largest shareholder, Mr. Isaac Dietrich, led the round with participation from former MyPoints.com CEO, Mr. Steve Markowitz, Aphria, The Delavaco Group, and several family offices......"Management believes that these funds are sufficient for the Company to reach cash-flow positive and to scale our commercialization efforts to a much wider audience," stated MassRoots CEO Isaac Dietrich. "We are confident that the current political climate coupled with increasing demand in regulated cannabis markets presents a tremendous growth opportunity for MassRoots. Going forward, MassRoots will remain focused on introducing new monetization channels within our mobile applications while exploring strategic partnerships to expand our platform's capabilities." ENDE Zitat
Source:www.prnewswire.com/news-releases/...y-financing-300349056.html
The equity offering has given MassRoots its largest cash on hand in its corporate history as it continues to grow its user base. Further, during the 2016 election cycle, 9 states with more than 30% of the United States population will be voting on regulating the sale of cannabis for medicinal or recreational use. The company anticipates that the passage of any combination of these initiatives has the potential to significantly accelerate MassRoots' user and revenue growth.