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MassRoots Inc (OTCMKTS:MSRT) Issues 2018 Annual Shareholder Letter

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MassRoots Inc (OTCMKTS:MSRT) has issued its 2018 Annual Shareholder Letter highlighting on its recent developments as well as its plans for the next financial year.

Short term programs for the future

In the letter, the company said that it is position itself so as to reap the benefits that will come with growth and expansion in key market like Nevada and California. The company has announced that it will be working to increase its market share of its dispensaries using its upgraded business portal.

Additionally, over the coming weeks, the company has announced that it will be expanding its strategic partnerships with some of the leading and fast-moving brands in the industry. MassRoots Inc has announced that it will be launching its digital instrument, which will be issued by Technologies, Inc, the company’s wholly-owned subsidiary. The company says that the instrument will be aimed at attracting and encouraging key behaviors within its platform like high-quality reviews of cannabis strains.

The management of MassRoots is of belief that the new instrument will act like an incentive to boost user growth has well as increase the level of activity on the platform. Additionally, the management also hopes that the instrument will one day be used by other businesses in the cannabis space to develop customer royalty programs so as to award customers for buying certain products or attaining certain order or spending levels.

Recent updates

The company introduced an improved mobile app on Google and Apple devices. According to the company, the app will act as a firm foundation for new utilities and features including the recently launched digital instrument.

Additionally, the company successfully raised $942,500 in convertible instruments which was used for the development and launch of MassRoots Blockchain Technologies, Inc.

MassRoots earned proceeds of around $4.75 million from the sale of its common stock in the first quarter of 2018. The company also managed to retire all its outstanding debts convertible into common stock.

The company appointed Graham Farrar to its Board of Directors in a move aimed at strengthening its board. Farrar is an experienced software as well as California cannabis industry expert.

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