MassRoots Signs Retail Agreement with New Age Brands Subsidiary, We Are Kured
MassRoots will serve as a leading online retailer for We Are Kured's #1 best-selling CBD Pen
LOS ANGELES, Jan. 15, 2019 /PRNewswire/ -- MassRoots, Inc. ("MassRoots" or the "Company") (OTCQB: MSRT), a leading technology and rewards platform, announced today that the Company signed an agreement with New Age Brands (CSE: NF) (OTC: NWGFF) (FSE: ONF) ("New Age Brands") subsidiary, We are Kured, LLC, to serve as a leading online retailer of the Company's #1 best-selling CBD Pen.*
CBD Vaporizer Pens are handheld vaporizers containing cannabinoid oil. CBD has been used to treat patients looking for relief from inflammation, pain, anxiety, psychosis, seizures, spasms, and other conditions without disconcerting feelings of lethargy or dysphoria. The legal CBD marketplace is expected to be valued at more than $20 billion by the year 2022. **
We Are Kured, LLC 's Vaporizer Pen will be the first CBD product to be sold directly through MassRoots' impressive online platform and social media pages. The Company boasts over 1 million total social media followers, a mailing list of more than 750,000 subscribers, and has hundreds of thousands unique monthly visitors on their application and website. The MassRoots application can be downloaded on the Apple App Store and Google Play.
"MassRoots is excited at the opportunity to enter the emerging online CBD retail marketplace," said Mr. Isaac Dietrich, MassRoots' Chief Executive Officer. "We believe that the market for CBD products will continue to escalate in the near-future and our ability to partner with a recognized leader in the industry, such as We Are Kured, will provide a strong strategic advantage. MassRoots anticipates that our vast user base will provide a strong customer base for their top-rated CBD products."
"We Are Kured is extremely pleased to partner with a recognized market leader such as MassRoots," said Mr. Ben Martch, Chief Executive Officer of We Are Kured. "MassRoots possesses an impressive online and social media following of educated CBD consumers. We are confident that MassRoots is the ideal partner for our best-selling vaporizer pen and we look forward to a mutually beneficial relationship."
*Kured's Pineapple Express CBD vape pin was the best-selling CBD product at Native Roots Wellness in December 2018 https://globenewswire.com/news-release/2018/12/19/1669511/0/en/New-Age-Brands-Announces-We-Are-Kured-s-Pineapple-Express-CBD-Vape-Pen-is-1-Selling-Pen-at-Native-Roots-Wellness.html
About New Age Brands
New Age Brands is an innovative Cannabidiol ("CBD") lifestyle Company. Through the Company's wholly owned subsidiaries We are Kured and Drink Fresh Water, the Company's main business activities encompass the development, marketing and distribution of CBD products (including vaporizer pens and beverages) throughout the United States and internationally. In addition, New Age Brands has extensive retail and cultivation land investments in Oregon.
For further information about New Age Brands, please consult the Company's profile on SEDAR at www.sedar.com or visit the Company's website at www.NABrandsInc.com. For further information about We Are Kured, please visit their website at www.wearekured.com.
About MassRoots
MassRoots, Inc. is a leading technology and rewards platform. Powered by more than one million registered users, the Company's mobile apps empower consumers to make educated purchasing decisions through community-driven reviews.
The Company's rewards program, WeedPass™, enables consumers to earn tickets to movies, sporting events, and festivals by shopping at participating dispensaries.
MassRoots has been covered by CNN, CNBC, Fox Business, Fortune, Forbes, and Reuters. For more information, please visit www.MassRoots.com/Investors and review MassRoots' filings with the U.S. Securities and Exchange Commission.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
SOURCE MassRoots, Inc.
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