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MassRoots Provides Shareholder Update and Plans for Continued GrowthDENVER, Feb. 14, 2018 /PRNewswire/ -- MassRoots, Inc. ("MassRoots" or the "Company") (OTCQB:MSRT), one of the leading technology platforms for the regulated cannabis industry, is pleased to release the following shareholder update from its Chairman and Chief Executive Officer, Mr. Isaac Dietrich: Fellow MassRoots Shareholders, I'm pleased to report MassRoots has made significant progress the past several weeks in growing the reach of our network, incorporating blockchain technology into our products, and better connecting consumers with cannabis products at their local dispensaries. With a renewed focus on building the best mobile app for cannabis enthusiasts and a fresh infusion of $4.75 million in equity financing, we believe MassRoots is well-positioned to capitalize on emerging cannabis markets in multiple states in countries, which ArcView Market Research projects will reach $24.5 billion by 2021. MassRoots' primary mission is to connect people with the best cannabis products to treat the ailments they're looking to alleviate (i.e., effectiveness for treating conditions such as back-pain or epilepsy). We've found that community-driven reviews are the most effective way to collect this information and with more than one million registered users, MassRoots has one of the largest datasets on cannabis products and strains in the industry. We've identified our main area of improvement -- and we believe the key to improved monetization of our network -- is better presenting this information in easy-to-use formats for consumers to make educated purchasing decisions at their local dispensary. Our next app update aims at solving this problem while incorporating blockchain technology into our business portal to enable more efficient and accurate processes. Much like Amazon's product reviews and Yelp's restaurant reviews, we believe the top 20% of influential consumers will provide the reviews and information that influence the purchasing decisions of the remaining 80% of the population. By dominating the demand-side of the cannabis market, we believe MassRoots can drive significant traffic and purchases to our advertisers and clients. Our goal is for MassRoots to have 1,000 dispensaries and ancillary businesses paying us between $420 - 1,000 per month by the end of 2018. As MassRoots' Founder and largest shareholder, I have routinely used temporary fluctuations in our share price to further accumulate my position in the Company. I have purchased shares on hree occasions since 2015, all at $0.50 per share, while never selling a single share of my holdings. I believe MassRoots is positioned to be a leading technology company in the multi-billion cannabis industry. Within the past five weeks, the Company has successfully raised $4.75 million in equity financing, fully repaid our convertible debt, and further strengthened our capitalization structure to firmly position MassRoots to capitalize on multiple opportunities emerging this year. Over the next several months, California is expected to introduce permanent regulations governing the sale of cannabis for adult-use, Massachusetts is expected to finally begin adult-use sales, and the first medical-cannabis dispensaries are expected to open in Florida. All of these developments present MassRoots a significant opportunity to increase both our user-base and overall revenue. MassRoots continues to partner with some of the leading companies in the cannabis industry. We maintain ownership positions in High Times Holdings Corporation and CannaRegs, Inc., the latter of which continues to impressively scale its clientele and revenues in the California market. We're continuously evaluating opportunities to partner with best-in-class companies in the cannabis space, to further expand our footprint, and create new revenue-generating channels for our business. During the coming weeks, we expect MassRoots to introduce its first blockchain-powered features for cannabis consumers and businesses, continue to grow its clientele of dispensaries and ancillary businesses, and further scale its market-share of cannabis consumers in key markets in the United States and Canada. I am confident that these initiatives position MassRoots to dominate the demand-side of the cannabis market while building significant shareholder value. We greatly appreciate your continued support as we work to create a valuable, long-term enterprise for our shareholders. Regards, Isaac Dietrich About MassRoots Forward-looking Statements
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