With acquisition of CannaRegs, Massroots improves its cannabis technology service

With its recent purchase of CannaRegs, a cash-flow positive CA-based company which tracks changes in cannabis regulations and taxation in California, MassRoots (OTCQB:MSRT) strengthened its positioning as a leading national cannabis technology company.

In the past year, MassRoots bought Odava, a regulatory compliance company (in July 2017), and Whaxy, an on-line ordering and menu service (in December 2016). These two companies now comprise MassRoots Retail, providing cannabis businesses with a one-stop solution for delivering data-driven advertising and promotions to consumers, managing regulatory reporting to state agencies, and streamlining their supply chain management services.

The company plans to integrate their one million MassRoots users into the MassRoots Retail services, allowing consumers to view locally-offered product online, identify the best product via customer reviews, and order it from their mobile phone. It will also allow cannabis businesses to offer customer loyalty and deal programs to customers.

The company plans to expand into states that accept its current technology platform—Franwell’s METRIC system—used for reporting to state regulatory agencies. These include Colorado, Oregon and Alaska—and California in 2018. With over 1000 CA dispensaries that will need to report to state regulatory agencies, the state presents a huge new market for MassRoots. The company will have the technology in place to serve this market with minimal adaptations.

Five of MassRoots’ characteristics could make it well-positioned to succeed in this technology strategy:
– The third largest market share of mobile customers;
– A nationally-known brand name;
– One of the largest databases of value to cannabis businesses, allowing MassRoots to
understand, recommend and deliver high-performing products and strategies for
cannabis dispensaries;
– A top engineering team, capable of designed new products and services quickly;
– Strong access to capital to execute its strategies, with over 25,000 shareholders.

The market has not managed to sustain enthusiasm over the year for MassRoots’ long term strategy. A year ago, it traded at $.40, then rallied up to $1.00 toward the end of 2016, around the time of the Whaxy purchase. Since January 2017, it has slowly declined back to $.39 today.

Source: PR Newswire, DENVER, Sept. 6, 2017

With acquisition of CannaRegs, Massroots improves its cannabis technology service

Cannin Investment Group: Your Hemp Stocks Experts

Cannin.com is your trusted resource for hemp stocks. Our team of financial experts evaluates all emerging hemp stock investing opportunities. We aggregate hundreds of hours of market research to provide tips on the best hemp stocks for 2020.

Use Cannin as your resource for:

Is it too late to invest in hemp stocks? No! This is the perfect time to invest.

Wall Street analysts expect the global cannabis industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in hemp stocks is now.

Are you interested in hemp stocks like GW Pharmaceuticals, Charlotte’s Web, Canopy Growth, or Hemp Inc.?

Are you looking to buy stock in hemp companies or marijuana companies in 2020? Interested in emerging penny hemp stocks? Interested in leveraging the power of algorithmic stock trades to profit from hemp stocks? Looking for the best Canadian cannabis stocks to invest in? We can help.

Predict price movements of hemp stocks several hours in advance with our proprietary algorithmic stock trading software.

+25% Gains in 2020
+49.8% Gains in 2019
Backtested since 2012

At Cannin, we’re so confident you’ll love our algotrading hemp stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.

Profit from the best hemp stocks – we’ll show you how at cannin.com.

Marijuana Stocks, Pot Stocks, Algorithmic Stock Trading, Best Hemp Stocks to Invest In

With acquisition of CannaRegs, Massroots improves its cannabis technology service