MassRoots Partners with Marijuana Industry Group, Lyft and Colorado Department of Transportation to Promote Safe Rides on 4/20
MassRoots, Inc. (OTCQB:MSRT), one of the most active technology platforms for medical cannabis consumers, is proud to announce it has partnered with the Marijuana Industry Group (“MIG”) and Lyft to minimize impaired driving on 4/20 and beyond. Lyft launched a safe rides campaign in partnership with the Colorado Department of Transportation geared at ensuring the tens of thousands of cannabis consumers in Colorado remain cognizant of the safety of all drivers on the road, and MIG and the Colorado Department of Transportation, in collaboration with the Colorado Task Force For Drunk and Impaired Driving, have been working in collaboration for years on the reduction and prevention of impaired driving and have implemented coordinated public awareness and messaging strategies designed to minimize impaired driving.
“The week of 4/20 is the cannabis industry’s holiday season and, in conjunction with the Marijuana Industry Group and Lyft, are proud to have MassRoots promote responsible transportation choices,” stated MassRoots CEO Isaac Dietrich. “We encourage our community of over a million of the world’s most passionate cannabis consumers to take a Lyft home this afternoon, and any time they are impaired.”
This partnership signifies an agreement among a diverse set of stakeholders that public safety is the primary priority during and after the 4/20 festivities. It demonstrates that the cannabis business industry, a cannabis tech company, a rideshare company and government/public interests can work cooperatively to protect the rights of all Colorado residents and visitors, cannabis-consumer or otherwise.
“Today is a chance for us to celebrate the progress of legal cannabis. This day isn’t just about ourselves, it’s about our responsibility as the first taxed and regulated state to demonstrate that legalization and regulation works, for those who don’t yet have this protection. Businesses, activists, advocates, and visitors have an opportunity to be an example as the country, and the world, watch. No matter who you are, or how you celebrate, we all ask that you do it responsibly. And if you consume, plan ahead and don’t drive impaired – today, tomorrow, and beyond,” said Marijuana Industry Group executive director Kristi Kelly. Marijuana Industry Group represents licensed cannabis businesses in Colorado and advocates for policy and regulation to create safe environments for the industry, patients, customers and the community.
About Marijuana Industry Group (MIG)
Marijuana Industry Group (MIG), the leading cannabis trade association for Colorado’s licensed businesses, was founded in 2010 by cannabis business owners and supporters to help craft Colorado’s earliest medical marijuana regulatory framework – which was the world’s first licensed, taxed and regulated model. MIG has cultivated strong relationships at the highest levels of state and local government, allowing for real-time education, access, and advancement of practical policy. As the oldest and largest trade association in the state, MIG represents the interests of, and advocates on behalf of, the rapidly evolving needs of the leaders of regulated marijuana industry in Colorado.
MassRoots is one of the largest technology platforms for the regulated cannabis industry. The company’s mobile apps enables consumers to provide community-driven reviews of cannabis strains and products, enabling consumers to make educated cannabis purchasing decisions. MassRoots is proud to be affiliated with the leading businesses and organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association. For more information, please visit MassRoots.com/Investors.
Lyft was founded in June 2012 by Logan Green and John Zimmer to improve people’s lives with the world’s best transportation. Lyft is the fastest growing rideshare company in the U.S and is available in more than 300 cities. Lyft is preferred by drivers and passengers for its safe and friendly experience, and its commitment to effecting positive change for the future of our cities.
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots’ business, partnerships, new features, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time to time. MassRoots undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.
CanBud Distribution Corporation Closes 2M Second and Final Tranche of its Oversubscribed Private Placement Offering
CanBud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“CanBud” or the “Corporation”) is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement for aggregate gross proceeds of approximately $4,730,000 (the “Offering”).
The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.
Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. (“FCC”), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands
In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
Mergers and acquisitions (M&A) in cannabis space have helped boost the industry to new levels.
Strategic sale of non-core assets by Lobe adds non-dilutive capital and shareholder value
Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce, further to its press release dated February 23, 2021, that it has completed the sale to Ionic Brands Corp. (“Ionic Brands”) of Lobe’s non-core cannabis assets relating to Washington-based Cowlitz County Cannabis Cultivation Inc. (“Cowlitz”) held by Lobe’s subsidiary vendor, Green Star Biosciences Inc. (the “Transaction”).
Seattle Area Grocery Chain Metropolitan Market to Begin Carrying KOIOS and Fit Soda on March 22, 2021
Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.
Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that beginning on Monday, March 22, 2021, Koios’ entire line of canned beverage products will be sold at all locations of Metropolitan Market, an urban format supermarket chain in the Seattle-Tacoma area of Washington State. In Q1 2021, the Company announced multiple placements of its beverage products with regional grocers in markets on the west coast of the United States including Market of Choice in Oregon Jensen’s in Southern California and major natural grocery chain Sprouts Farmers Market which has a substantial west coast presence with over one third of its locations (360+ stores across 23 states) in California as well as Washington State 1 . The Company has also recently announced other developments relating to its expansion efforts being undertaken in 2021 such as an in-house beverage canning facility and distribution agreements with regional and national wholesale partners.