MassRoots Issues 2018 Annual Shareholder Letter
MassRoots is one of the Leading Technology Platforms for the Cannabis Industry
MassRoots’ revamped dispensary portal is expected to enter private beta testing with several of the nation’s top dispensaries in the coming weeks. Through this service, dispensaries will have access to a wide-array of marketing channels, utilities, and analytics to better connect with the millions of cannabis consumers in regulated markets as well as access insightful data on their local audience.
Our near-term business objective is to have 1,000 dispensaries and ancillary businesses, such as vaporizer companies, paying us between $420 to $1,000 per month by the end of 2018, which we believe will enable our business to generate positive cash flows on a monthly basis. ArcView Market Research estimates there are currently about 1,700 dispensary locations in the United States. This number is estimated to grow to 2,500 dispensaries over the next 18 months.
The MassRoots Social Platform is One of the Largest Communities of Cannabis Enthusiasts
Powered by more than one million registered users, MassRoots enables consumers to rate products and strains based on their efficacy (i.e., effectiveness for treating ailments such back-pain or epilepsy) and then presents this information in easy-to-use formats for consumers to make educated purchasing decisions at their local dispensary. Businesses are able to leverage MassRoots by strategically advertising to consumers based on their preferences and tendencies. MassRoots is available in both the Apple App Store and Google Play Store.
MassRoots Blockchain Technologies, Inc.
We formed MassRoots Blockchain Technologies, Inc. (“MassRoots Blockchain”) in December 2017 to explore how blockchain technology can be implemented in the cannabis industry. We plan to utilize digital instruments as a form of reward-based currency within the MassRoots platform to encourage high-quality reviews, including reviews of new products, as well as incentivizing user-growth and stimulating our platform’s overall activity. Initially, we intend to have our online platform, which includes the MassRoots App and MassRoots Business Portal, provide a closed-loop ecosystem and network incentives to provide a healthy microeconomy for our digital instruments. Users may earn digital instruments on the MassRoots platform by writing high-quality reviews on cannabis strains and products and then may use such digital instruments to purchase upgrades on the MassRoots App, to purchase products on the MassRoots online store and as a way for industry participants, including dispensaries, to pay for advertisements on the MassRoots network.
More information on our digital instrument is available on www.MassRootsBlockchain.com and the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 filed on April 17, 2018.
MassRoots’ Corporate Overview (April 2018)
Expanding Marijuana Markets
We believe we have one of the best models to profit off of the growing trend of cannabis regulation. Because we are not involved in the production or sale of cannabis, we do not have to build grow facilities, open retail stores, or have a physical presence in the state in order to generate revenue. At the same time, our revenue model is not tied to the success of a particular location, brand or ballot initiative — we believe we will have a significant percentage of all dispensaries and brands on our application, making MassRoots a technology platform for the entire cannabis industry.
Disclaimer
This information does not constitute an offer to sell or a solicitation of an offer to buy securities or assets of MassRoots. All information presented herein with respect to the existing business and the historical operating results of MassRoots and estimates and projections as to future operations are based on materials prepared by the management of MassRoots and involve significant elements of subjective judgment and analysis which may or may not be correct. While the information provided herein is believed to be accurate and reliable, MassRoots makes no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. In furnishing this information, MassRoots reserves the right to amend or replace some or all of the information herein at any time and undertakes no obligation to provide the recipient with access to any additional information. Nothing contained herein is or should be relied upon as a promise or representation as to the future.
This information includes certain statements, estimates and projections provided by MassRoots with respect to its anticipated future performance. Such statements, estimates and projections constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause actual results to be materially different from those contemplated by the forward-looking statements. MassRoots undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. No representations or warranties are made as to the accuracy of such forward-looking statements or whether any of the projections included herein will be realized.
