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Thursday, January 21, 2021

MassRoots Inc (OTCMKTS:MSRT) Attracting Top-Tier Talent

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MassRoots Inc (OTCMKTS:MSRT) is a penny player in the tech wing of the cannabis patch. MassRoots stock has been one of our clear points of interest in the space given its somewhat precarious balance sheet, but also the extremely strong revenue growth we have started to witness. It’s a legitimate winner of late from a fundamental standpoint. The company has also recently made a move to further step up the quality level on the biz dev side by picking up Dan Droller as VP of Business Development.

“Mr. Droller epitomizes the caliber of top-tier talent entering the regulated cannabis industry and has been instrumental in attracting similar high-profile hires to our company,” stated MassRoots CEO Mr. Isaac Dietrich. “We are thrilled to welcome Mr. Droller to the MassRoots team and look forward to his guidance in developing new revenue streams and partnerships to take MassRoots and the entire cannabis industry to the next 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 enable 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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According to the recent release, Mr. Droller’s primary role at MSRT will be to “evaluate and execute on new partnerships, mergers, and acquisitions.”

He was formerly Director of Business Development at Chartboost, which is a leading mobile game business engine where he managed Business Development, Sales and Account Management teams. Mr. Droller holds a Bachelor of Arts from Harvard University in Neurobiology and a Master of Business Administration from Yale School of Management. He has held roles at Deloitte Consulting, Credo Mobile and Music for America.

“I look forward to driving the growth, engagement and monetization of one of the leading consumer-facing platforms in the regulated cannabis industry,” stated MassRoots Vice President of Business Development Mr. Dan Droller. “MassRoots has an incredible opportunity to dominate several facets of the multi-billion dollar cannabis market and create immense value for our partners, our users and our shareholders as we execute on our strategic business initiatives.”

Traders will note 14% added to share values of the name over the past month of action. The situation may be worth watching. MSRT is a stock who’s past is littered with sudden rips. What’s more, MassRoots stock has registered increased average transaction volume recently, with the past month seeing 100% over the long run average.

It pays to take note of this fact due to the relatively small float size in MassRoots stock (about 27M shares). One is wise to respect the dynamic this may create — a jump in average daily transaction volume in a stock with a restricted float can unleash fireworks as supply is squeezed.

Currently trading at a market capitalization of $67.5M, MSRT has a stash ($127K) of cash on the books, which compares with about $768K in total current liabilities. MSRT is pulling in trailing 12-month revenues of $945K. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 243.1%. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of MassRoots stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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