MSRT

MassRoots Inc (OTCMKTS:MSRT) Introduces New Dispensary Finder

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MassRoots Inc (OTCMKTS:MSRT) has been having a rough time. This is a stock that seen an exodus of speculative money in recent months, which raises questions about what may fuel the next big bounce. As far as recent catalysts, the company just announced  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 Inc (OTCMKTS:MSRT) operates a technology platform for the cannabis community in the United States. The company’s mobile network enables users to share cannabis content to connect with the legalization movement. Its network is accessible as a free mobile application through the iOS App Store and the Google Play marketplace and as a Website at massroots.com.

MSRT also operates MassRoots.com/shop, an e-commerce platform that allows visitors to order MassRoots Inc T-shirts, jars, and stickers; and MassRoots for Business, a free online portal for dispensaries to schedule posts, view analytics, and gain insights into followers. MassRoots, Inc. was founded in 2013 and is headquartered in Denver, Colorado.

MSRT is one of the largest and most active technology platforms for cannabis consumers, businesses, and activists with over 1M registered users.

According to company materials, “MassRoots is one of the largest technology platforms for the regulated cannabis industry. The company’s mobile apps enable consumers to provide community-driven reviews of cannabis strains and products, enabling consumers to make educated cannabis purchasing decisions. MassRoots is proud to be affiliated with the leading businesses and organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association.”

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As noted above, shares of the company have been struggling bigtime in recent weeks. But the company hopes that its new Dispensary Finder service will help stoke the speculative flames in the OTC investor crowd.

According to its latest release, 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.

The company notes that dispensaries will apparently be able to claim their stores directly on the MassRoots website. As covered in its materials, 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.

We’ve witnessed a bit more than -30% during the past month in terms of shareholder losses in the name, which compounds largely bearish action over the larger time frame. However, it’s important to not lose sight of the fact that MSRT has a long history of some very dramatic rallies. Moreover, the company has benefitted from a jump in recent trading volume to the tune of approaching 380% over what the stock has registered over the longer term.

At this time, carrying a capital value in the market of $27.3M, MSRT has virtually no cash on the books, which must be weighed relative to virtually no total current liabilities. MSRT is pulling in trailing 12-month revenues of $979K. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 53%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $MSRT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $MSRT, either long or short.