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.
Before this cannabis stock news is here, it’s published to subscribers on 420 Investor.