DENVER, June 9, 2017 /PRNewswire/ -- MassRoots, Inc. (OTCQB: MSRT), a leading technology platform for medical cannabis patients and businesses, and HIGH TIMES, the world's leading cannabis media, events and information business, are pleased to announce that MassRoots made a strategic investment in High Times Holding Corporation, "High Times", the leading voice of the Cannabis Industry, in February 2017.
As disclosed in MassRoots' Quarterly Report on Form 10-Q filed on May 22, 2017, MassRoots has made a strategic equity investment in High Times Holdings Corporation. Over the past forty years, High Times has built an iconic brand and business with innovative and forward-minded strategy at the front of the cannabis legalization movement. High Times maintains a portfolio of high-quality brands, including the Cannabis Cup and High Times Magazine, and a reputation for being at the leading edge of industry trends, information and news.
"Like millions of cannabis consumers around the world, the first cannabis-related publication I ever read was High Times Magazine. We have the utmost respect for the trails High Times has been blazing for more than 40 years and I have no doubt the legalization movement would not be as strong today without their leadership," stated MassRoots Chief Executive Officer Mr. Isaac Dietrich. "We look forward to partnering with High Times to disseminate the most important cannabis legalization information and updates."
"We are pleased to welcome MassRoots as a long-term investor and strategic partner," stated Mr. Adam Levin, CEO of High Times Holdings Corporation. "MassRoots is an innovator with serious technology chops, great leadership and a strong advocate for the industry at large. We welcome them to the High Times family."
MassRoots is one of the largest technology platforms for the regulated cannabis industry. The Company's mobile apps enable consumers to make educated cannabis purchasing decisions through community-driven reviews. 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. For more information, please visit MassRoots.com/Investors.
About HIGH TIMES
For more than 40 years, HIGH TIMES has been the authoritative voice of authentic cannabis culture, including leading the fight for legalization and empowering entrepreneurs in this burgeoning industry. HIGH TIMES' content spans digital, social, video and print platforms, as well as location-based events highlighted by the global Cannabis Cup franchise and the HIGH TIMES Business Summit conference series. Follow @HIGH_TIMES_Mag on Twitter, @hightimesmagazine on Instagram, or Facebook at https://www.facebook.com/HIGHTIMESMag/.
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots' business, potential partnerships, new features, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time to time. MassRoots undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.