MassRoots Inc (OTCMKTS:MSRT) has entered into a definitive deal to buy DDDigtal Inc. d.b.a. Whaxy and Cannabuild for over 2.926 million shares and $100,000 cash of company’ common stock. Since introducing earlier in 2016, Whaxy’s menu administration and web ordering platform for licensed cannabis operations has processed more than $5 million in volume in 40,000 unique transactions. This deal is dependent on customary closing conditions.
The management speaks
Isaac Dietrich, the CEO of MassRoots, said that this deal, when closed, will expand company’s products to comprise a comprehensive suite of dispensary software offerings, web marketing, ordering and real-time inventory management meant for cannabis operations.
Zach Marburger, Whaxy CEO and Founder, is an expert strategist whom they have known for quite long and Micah Davidson, the CTO of Whaxy, has engineered leading technology platforms in the industry with a spare budget. They could not be more thrilled to include in the MassRoots team. In the imminent months, the prime focus will be increasing the count of dispensaries using the MassRoots and Whaxy platform.
They could not be more thrilled to be joining MassRoots team, allowing Whaxy’s system to boost its transaction volume, offer new capabilities to their clients, and bring more enterprise value quickly than they would have on their own. MassRoots has hundreds of thousands of consumer associations, hundreds of dispensary customers, a leading development team, and an extensive shareholder base in the market. The synergies between the two firms are strong and together, they are establishing a cannabis technology center.
Whaxy’s platform seamlessly join in with almost every major PoS system utilized dispensaries and will flawlessly link to the MassRoots network, enabling for online ordering, product feedback and live pricing. In the last 6 months, Whaxy has been utilized by some of the major operations in the industry, including GreenHouse, Cresco Labs, Harborside and more.
In the last trading session, the stock price of MassRoots gained more than 7% to close the trading at $0.882.