MassRoots receives $2M in proceeds from warrant exercise
MassRoots, the popular social network for cannabis enthusiasts, said it has received more than $2 million in cash from the exercise of warrants so far in 2017, providing additional financial stability to the once-wobbly Denver company.
“This capital infusion will help us continue building momentum with the success we are having within the rapidly emerging legal cannabis industry,” MassRoots CEO Isaac Dietrich said in a news release. “We can now better focus our attention toward increasing revenue, expanding our market presence and enhancing overall shareholder value.”
The company rode something of a financial roller coaster last year.
MassRoots receives $2M in proceeds from warrant exercise is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs