Subject: MSRT Pays off Convertible Debt and Eyes Votes on Cannabis Initiatives on November Ballots

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MSRT Pays off Convertible Debt and Eyes Votes on Cannabis Initiatives on November Ballots
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Company: MassRoots, Inc. (OTCQB: MSRT)


Price: 0.5749

Change (%): + 0.0549 (10.57)

Volume: 400,161
MSRT Chart

MassRoots' March 2016 Convertible Debt Repaid In Full

DENVER, Oct. 7, 2016 /PRNewswire/ - MassRoots, Inc. (OTCQB:MSRT), one of the leading technology platforms for the cannabis industry, reports that all notes issued pursuant to the Company’s March 2016 offering have been repaid in full and the Company has no further obligations under the notes of that offering.

“We’re excited to have this debt fully repaid and behind us. We expect MassRoots to be cash-flow positive on a monthly basis by the end of the year,” stated MassRoots CEO Isaac Dietrich. “As a technology company, MassRoots can scale and generate revenue in every state with a medical or adult-use cannabis law. The 2016 election cycle has the potential to significantly expand MassRoots’ userbase and revenues.”

Recent polling indicates strong support for cannabis initiatives on the 2016 ballot: California (Recreational 60-36-4), Arizona (Recreational 50-40-10), Maine (Recreational 53-38-9), Massachusetts (Recreational 53-40-7), Nevada (Recreational 57-33-10), Florida (Medical 73-22-5), Arkansas (Medical 49-43-8), North Dakota (Medical - Unknown), and Montana (Expanding Medical Cannabis Law - Unknown).

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