MassRoots Inc (OTCMKTS:MSRT) is a penny stock on a derivative basis in the cannabis patch. The company is essentially a technology platform for what we might call “the cannabis community”. The stock has been performing well, overall, but is seeing some of the same sell-the-news action that most of the marijuana-related space has been suffering from in the wake of the landmark November 8 vote.
As with most plays in this group, the stock was strapped to a rocket from September to early November, and then came plummeting back down to Earth from November 9 through the end of the month. Now, we are going to see how the market sifts through the group and picks out the favorites. MSRT has actually found a nice bid in the past 10 days, rising about 20% since digging its heels in around the $0.60 level.
MassRoots Inc (OTCMKTS:MSRT) trumpets itself as a company that operates a technology platform for the cannabis community in the United States. The company’s mobile network enables users to share cannabis content to connect with the legalization movement. Its network is accessible as a free mobile application through the iOS App Store and the Google Play marketplace and as a Website at massroots.com.
The company also operates MassRoots.com/shop, an e-commerce platform that allows visitors to order MassRoots Inc T-shirts, jars, and stickers; and MassRoots for Business, a free online portal for dispensaries to schedule posts, view analytics, and gain insights into followers. MassRoots, Inc. was founded in 2013 and is headquartered in Denver, Colorado.
MSRT is one of the largest and most active technology platforms for cannabis consumers, businesses, and activists with over 900,000 registered users.
According to company materials, “MassRoots is one of the largest technology platforms for the regulated cannabis industry. The company’s mobile apps enables consumers to provide community-driven reviews of cannabis strains and products, enabling consumers to make educated cannabis purchasing decisions. MassRoots is proud to be affiliated with the leading businesses and organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association.”
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As noted above, MSRT has started to show some positive signals on the tape. In that time, we haven’t had many new catalysts, but we did see the company announce it will be presenting at the 9th annual LD Micro Main Event on Wednesday, December 7 at 11:00 AM PST / 2:00 PM EST at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. MassRoots CEO Isaac Dietrich will be presenting and fielding questions from attendees. The presentation may be accessed via a webcast starting at 2:00 PM EST on December 7, 2016 through this link.
This will lump MassRoots CEO Isaac Dietrich in with other key leaders in the space. He will speak on LD Micro’s panel, “Cannabis Investments – The Next Five Years,” along with Derek Peterson, CEO of TerraTech, Inc., Nick Kovacevich, CEO of Kush Bottles, Inc., and Leslie Bocksor, CEO of Electrum Partners, LLC. Marc Ross, Partner at Sichenzia Ross Ference Kesner LLP, will be moderating the panel.
One thing that MSRT will want to talk about wherever they go is the company’s recent financial data. MassRoots Inc is making real money, with trailing revs already coming in at $796.51k over the past 12 months. In addition, the company is starting to see major topline growth, with quarterly y/y revs increasing at a revolutionary 23053%. If we start to consider this type of momentum as prefatory to the expanding pie phenomenon inherent in the legal shifts we are seeing, then the story gets even more interesting.
Traders will about note 6% during the past week in terms of shareholder gains in the listing, a rally that has pushed up against longer standing distributive pressure in the stock. Market participants may want to pay attention to this stock. MSRT has a history of dramatic rallies. Furthermore, the stock has seen an influx in interest of late, with the stock’s recent average trading volume running greater than 160% over the long run average.
Currently trading at a market capitalization of $49.6M, MSRT has a decent store ($126.62k) of cash on the books, in a pool of total assets approaching $530K, which stands against an appreciable load ($976.70k) of total accumulated debt.
This isn’t a amazing balance sheet. But the recent growth on the top line means that it isn’t all that much of problem either. The space is seeing a ton of growth, so it’s a good context. And the company has been executing. But management will need to really keep the ball rolling. We will look forward to updating this exciting play again soon. For continuing coverage on shares of $MSRT stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!