MassRoots reports net loss of $44 million in 2017
More than $22 million of those losses were the value of stock-based compensation to former employees, board members and business consultants.
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MassRoots now headquartered in Denver co-working space, repaying its debt obligations, CEO tells shareholders
The firm is also eyeing a listing on the Canadian stock market and has a “renewed focus on fundamentals,” Founder and CEO Isaac Dietrich said during a shareholder update call.
MassRoots loses headquarters following eviction proceedings
The uncontested court ruling — MassRoots representatives were not present for the hearing — came nearly a month after a notice was taped to MassRoots’ offices warning eviction if past rent due wasn’t paid.
With Isaac Dietrich back at helm, MassRoots dismisses lawsuit against him
The dismissal comes a week after the company’s board of directors and interim chief executive resigned, and the 25-year-old founder was reappointed CEO and his trio of recommended board members were installed.
MassRoots facing eviction from its Denver headquarters
If the firm doesn’t pay rent totaling $39,742 by Thursday, it will be evicted from the office that has served as its headquarters, according to a notice posted by the property manager.
Ousted MassRoots CEO reclaims helm of marijuana tech firm
MassRoots Inc. on Thursday disclosed the reappointment of Isaac Dietrich as chief executive and the replacement of three board members.
Cannabis tech firms MassRoots, New Frontier team up on consumer data
MassRoots, the marijuana social media and tech company recently in tumult, entered into a technology-sharing arrangement with New Frontier Data, a cannabis market research and analytics firm, the companies announced early Wednesday.
MassRoots founder initiates proxy battle to overthrow marijuana firm’s board, leadership
“I strongly believe that the board must be reconstituted to ensure that the interests of the shareholders are appropriately represented,” Dietrich wrote in the SEC filing.
MassRoots sues founder, former CEO, alleging “serious misconduct”
The cannabis tech firm fired Isaac Dietrich for alleged ‘serious misconduct’ including claims of sex, drugs and misuse of funds, according to a new lawsuit obtained by The Cannabist.
MassRoots officials: “Right team and right plan” in place for growth
New CEO Scott Kveton expressed optimism that the company would be able to continue operating beyond the current quarter during a conference call with investors.
MassRoots quarterly revenue tanks
The company will need to raise at least $2.5 million by year’s end to continue to fund operations, officials disclosed in a regulatory filing made Tuesday with the SEC.
MassRoots shake-up: In wake of abrupt CEO switch, deal to acquire CannaRegs gets nixed
MassRoots Inc. went through a massive transition this week. In a span of two days, the Denver-based marijuana tech and social media firm no longer had its founder at the helm and no longer had an acquisition valued at $12 million on the docket.
Marijuana tech firm MassRoots to buy CannaRegs for $12 million
MassRoots Inc., a Denver-based marijuana tech and social media firm, plans to snap up web-based rules and regulations company CannaRegs Ltd.
Marijuana tech firm MassRoots clears debt defaults, continues cost-cutting
Cannabis tech company MassRoots has cured its previously disclosed default, and its executives have taken paycuts, the company said Friday.
Embattled weed tech company MassRoots cuts jobs amid debt default
MassRoots Inc. has cut more than 40 percent of its workforce and recently defaulted on debt payments, the Denver-based firm disclosed.
Not messing around: MassRoots names a top dog in the tech industry as new CTO
MassRoots Inc., the Denver-based social network for the cannabis industry, has tapped a former Autodesk and Salesforce executive as its chief technology officer.
MassRoots: Bid to join Nasdaq denied
The Nasdaq has spurned MassRoots Inc.’s bid to have its shares listed on the exchange, company officials for the Denver-based operator of a marijuana social network said Tuesday.
Marijuana social network MassRoots makes a big move for Nasdaq market
MassRoots, a Denver-based social network for marijuana enthusiasts, has filed plans for a secondary stock offering — shares it hopes to be able to list on the Nasdaq exchange.
MassRoots cannabis social network dissed at Consumer Electronics Show
The Colorado-based cannabis social network MassRoots has caused a stir at the CES in Las Vegas: Dell declines to send judge to competition for tech companies vying to pitch billionaire Richard Branson.
MassRoots marijuana social network files for Nasdaq listing
MassRoots, a Denver-based operator of a cannabis-centric social network, is eyeing a listing on the Nasdaq exchange. MassRoots (OTCQB: MSRT) filed an application for its shares to be listed on the Nasdaq Capital Market, officials announced Monday.
MassRoots marijuana social network integrating seed-to-sale system
MassRoots Inc., a Denver-based marijuana-centric social media network, has acquired an equity stake in a seed-to-sale company with plans to integrate the cannabis-tracking software in the coming weeks, officials announced Sunday. MassRoots is partnering with Denver startup Flowhub, which currently is in private beta.
Pot app MassRoots is back in Apple’s App Store after getting kicked out
Three months after the marijuana social media site known as MassRoots was kicked out of Apple’s App Store, it’s back. Here’s how that happened.
Canadian medical marijuana firm begins sell-off of U.S. cannabis assets
The decision comes amid increasing questions around how Canadian Securities Administrators and the Toronto Stock Exchange may view public companies with operations in the United States, where marijuana is federally illegal.
Congressmen query Sessions over reported cannabis research obstruction
A bipartisan group of lawmakers sent a letter Wednesday to Attorney General Jeff Sessions expressing concern about a reported move by the Justice Department to halt marijuana research.
State lawmakers group endorses descheduling of cannabis with eye on banking
An independent national organization that supports state legislatures has again voiced its support for federal descheduling of cannabis.
