MassRoots Signs Agreement with Snipp Interactive, Inc. to Power its WeedPass Rewards Program
05 Marzo 2019 - 7:37AM
Business Wire
MassRoots, Inc. (“MassRoots” or the “Company”) (OTCQB:MSRT), a
leading technology platform for the regulated cannabis industry,
announced today that it has entered into a Master Service Agreement
(“MSA”) with Snipp Interactive, Inc. (“Snipp”) (TSXV: SPN) to power
its WeedPass™ Rewards Program.
By utilizing Snipp’s receipt-processing and loyalty program
technology, MassRoots aims to transition WeedPass™ to a
points-based rewards program for dispensaries and cannabis brands.
Pursuant to the agreement, Snipp will assist MassRoots and its
partners in creating comprehensive customer acquisition and
retention strategies based on the accumulated knowledge and
deep expertise it has acquired in designing and
launching marketing programs in other highly regulated
industries such as pharmaceuticals, alcohol and tobacco.
“By partnering with Snipp, we believe MassRoots can rapidly
expand the utility and effectiveness of our WeedPass Rewards
Program as we continue to grow our client base of dispensaries and
cannabis brands,” stated Mr. Isaac Dietrich, Chief Executive
Officer of MassRoots. “We’re excited by the opportunity to work
with an industry leader in Snipp to develop a cutting-edge rewards
program for the multibillion-dollar cannabis industry.”
“We are energized by the interest shown by MassRoots in our
platform and expertise in running customer acquisition and
retention programs across multiple industries,” said Mr.
Atul Sabharwal, Chief Executive Officer of Snipp. “We
look forward to enabling industry-first solutions
with MassRoots in states that have regulated the production
and sale of cannabis.”
About MassRoots
MassRoots, Inc. is a leading technology platform for the
regulated cannabis industry. Powered by more than one million
registered users, the Company’s mobile apps empower consumers to
make educated cannabis purchasing decisions through
community-driven reviews. Its 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.
About Snipp
Snipp is a global loyalty and promotions company with a
singular focus: to develop disruptive engagement platforms that
generate insights and drive sales. Our solutions include
shopper marketing promotions, loyalty, rewards, rebates and data
analytics, all of which are seamlessly integrated to provide
a one-stop marketing technology platform. We also provide the
services and expertise to design, execute and promote client
programs. SnippCheck, our receipt processing engine, is the
market leader for receipt-based purchase validation; SnippLoyalty
is the only unified loyalty solution in the market for
CPG brands. Snipp has powered hundreds of programs
for Fortune 1000 brands and world-class agencies and
partners. The company is publicly listed on the OTCQB, of
the OTC Market in the United States of America under symbol
SNIPF, and on the Toronto Stock Venture Exchange (TSX) in Canada
under symbol SPN. Snipp was selected to the
TSX Venture 50®, an annual ranking of the strongest performing
companies on the TSX Venture Exchange, in 2015 and
2016. SNIPP IS RANKED AMONGST THE TOP 500 FASTEST
GROWING COMPANIES IN NORTH AMERICA on Deloitte’s 2018 Technology
Fast 500™ List, for the third year in a row. Visit
the Snipp website
at http://www.snipp.com/ for Snipp’s full suite
of solutions and examples of Snipp programs.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190305005200/en/
Investor Contact:ir@massroots.com1-866-976-4784
MassRoots Contact:Isaac DietrichChief Executive
OfficerIsaac@MassRoots.com310.935.0239
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