MassRoots Board Ousts CEO

The Board of Directors at MassRoots (OTC: MSRT), which includes Terry Fitch, Tripp Keber and Ean Seeb, moved today to terminate founder and CEO Isaac Dietrich from his role as Chairman and CEO, though the company hasn’t yet made an official announcement. Dietrich, who took the company public in 2015, remains the largest single shareholder, with almost 18mm shares. It’s not clear what the management shake-up means for the pending CannaRegs deal, with the company intending to acquire the regulatory software service provider for 30mm shares valued at $12mm at the time of the announcement in August. We will report back further details as the story develops.

Breaking News by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

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