‘Instagram of indica’ hungry for more investment

massroots

A social media website hailing itself as the “Instagram of indica” is setting its sights on $3 million in venture capital.

Denver-based MassRoots, a marijuana-themed social media website, is $320,000 into its sixth capital raise since 2013, according to SEC documents. It’s raised a combined $5 million-plus in those raises. It filed the most recent raise Wednesday.

Founded in 2013, MassRoots made national headlines in 2014 when Apple removed its app from the Apple Store on the same day Oregon, Alaska and Washington, D.C., voted to legalize recreational cannabis. MassRoots appealed Apple’s decision and returned to the online app marketplace last February.

MassRoots is a social media site that enables users to share pictures of cannabis, along with information about their pot, such as its strain, where they purchased it and its cost.

SEC documents list MassRoots’ revenue as less than $1 million.

In another press release, the company announced that it applied in August 2015 for inclusion in the Nasdaq Capital Markets exchange.

MassRoots did not return a request for comment by press time.

massroots

A social media website hailing itself as the “Instagram of indica” is setting its sights on $3 million in venture capital.

Denver-based MassRoots, a marijuana-themed social media website, is $320,000 into its sixth capital raise since 2013, according to SEC documents. It’s raised a combined $5 million-plus in those raises. It filed the most recent raise Wednesday.

Founded in 2013, MassRoots made national headlines in 2014 when Apple removed its app from the Apple Store on the same day Oregon, Alaska and Washington, D.C., voted to legalize recreational cannabis. MassRoots appealed Apple’s decision and returned to the online app marketplace last February.

MassRoots is a social media site that enables users to share pictures of cannabis, along with information about their pot, such as its strain, where they purchased it and its cost.

SEC documents list MassRoots’ revenue as less than $1 million.

In another press release, the company announced that it applied in August 2015 for inclusion in the Nasdaq Capital Markets exchange.

MassRoots did not return a request for comment by press time.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Cannabis

Editor's Picks

Leave a Reply

Your email address will not be published. Required fields are marked *