MassRoots (OTCQB: MSRT) shares climbed 7% Friday morning following the company’s announcement that it has completed its $5.0 million equity offering under its Registration Statement, declared effective by the SEC in August. The company said the offering provides its largest cash on hand in its corporate history and that “these funds are sufficient for the Company to reach cash-flow positive and to scale our commercialization efforts to a much wider audience.”
To view the full press release, visit: http://nnw.fm/m9U7T
MassRoots is one of the largest and most active technology platforms for cannabis consumers, businesses and activists with over 900,000 registered users. It is proud to be affiliated with the leading organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association. MassRoots has been covered by Fox Business, CNBC, Fortune, Denver Post, and The Financial Times. For more information visit: www.MassRoots.com/Investors
NetworkNewsBreak is a rapid summary of a press release that caught the attention of CannabisNewsWire (CNW). CNW provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, CNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge. For more information, visit https://www.CannabisNewsWire.com.
Please see full disclaimers on the CannabisNewsWire website: http://nnw.fm/Disclaimer