MassRoots Re-Launches Online Store Focused on High-Margin Products

Rhea-AI Summary

MassRoots, a technology company in the cannabis industry (OTCPink: MSRT), has relaunched its online store featuring products that are expected to yield profit margins exceeding 80%. The initial offerings include branded stickers and cups. Customers can now pay using Bitcoin and Ethereum, with the value recorded at the time of transaction. The company plans to use revenues from sales to alleviate debts, enhance working capital, and fund more content production. MassRoots aims to strengthen its financial stability through these initiatives.

Positive

• Profit margins expected to exceed 80% on product sales.
• Introduction of cryptocurrency payment options (Bitcoin and Ethereum) may attract a broader customer base.
• Revenue from sales will help repay debts and enhance working capital.

Negative

• Dependence on the online store for financial recovery may pose risks if sales do not meet expectations.

MassRoots, Inc. (“MassRoots” or the “Company”) (OTCPink:MSRT), a technology and media company focused on the regulated cannabis industry, is pleased to announce it has re-launched its online store carrying products from which the Company expects to generate profit margins greater than 80% per unit sold – with the initial items being MassRoots stickers and cups. MassRoots’ online store is accessible at www.MassRoots.com.

MassRoots has also enabled customers to pay for products with Bitcoin and Ethereum (“Cryptocurrencies”). The Company records the value of these sales as the market price of the Cryptocurrencies received for payment at the time the transaction occurs. MassRoots may hold up to 20% of its current assets in the form of Cryptocurrencies which it received as payment for products and the Company’s management may effectuate sales of these Cryptocurrencies at its sole discretion.

“We’re asking MassRoots’ supporters to consider purchasing products from our store to help us repay our debts and other liabilities, provide the Company working capital, and fund production of additional content on our YouTube, Instagram, Twitter, and other platforms,” stated MassRoots Chief Executive Officer Isaac Dietrich. “If we are able to generate significant revenue from these products, we believe it has the potential to strengthen our balance sheet and fund the production of additional high-quality, informative content covering the regulated cannabis industry.”

About MassRoots

MassRoots, Inc. (OTCPink: MSRT) is a leading media company focused on the regulated cannabis industry, with a significant following and traffic across its online and social media platforms. MassRoots has been covered by CNBC, CNN, Financial Times, Wall Street Journal, New York Times, Reuters, Associated Press, and Forbes. For more information on MassRoots, please visit MassRootsInvestors.com.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210129005553/en/

FAQ

What is MassRoots' stock symbol?

MassRoots is traded under the stock symbol MSRT.

What products has MassRoots launched?

MassRoots has relaunched its online store with products like stickers and cups.

How does MassRoots plan to repay its debts?

MassRoots aims to use revenue from its online store to repay debts and fund additional projects.

Can customers pay with cryptocurrency at MassRoots' online store?

Yes, customers can pay using Bitcoin and Ethereum.

What are the expected profit margins for MassRoots' products?

MassRoots expects profit margins greater than 80% per unit sold.