OverviewSuggest Edit

MassRoots is a company that operates a social network for the medical cannabis community. It offers the MassRoots app that enables users to find smoking buddies, share their cannabis experiences with like-minded friends, and stay connected with local dispensaries.
TypePublic
Founded2013
HQDenver, CO, US
Websitemassroots.com
Employee Ratings2.4
Overall CultureB-

Latest Updates

Employees (est.) (Apr 2019)8(+60%)
Revenue (FY, 2019)$23.7 K(+21%)
Share Price (Jan 2021)$0 (-3%)
Cybersecurity ratingCMore

Key People/Management at MassRoots

Isaac Dietrich

Isaac Dietrich

CEO, Chairman
John Dill

John Dill

Content Director
Marcel Lam

Marcel Lam

Director of Sales Operations
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MassRoots Office Locations

MassRoots has an office in Denver
Denver, CO, US (HQ)
2420 17th St #3118
Show all (1)

MassRoots Financials and Metrics

MassRoots Revenue

MassRoots's revenue was reported to be $23.70 k in FY, 2019
USD

Revenue (Q3, 2020)

2.3k

Net income (Q3, 2020)

64.7m

EBIT (Q3, 2020)

(205.9k)

Market capitalization (22-Jan-2021)

14.8m

Closing stock price (22-Jan-2021)

0.0

Cash (30-Sept-2020)

650.0

EV

22.5m
MassRoots's current market capitalization is $14.8 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

701.6k319.2k19.6k23.7k

Revenue growth, %

228%(54%)(94%)

Cost of goods sold

180.4k630.0994.0

Gross profit

521.2k318.6k18.6k
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

134.7k142.9k11.5k1.5k2.2k4.0k4.4k18.4k909.02.3k

Cost of goods sold

3.5k

Gross profit

134.7k142.9k11.5k1.5k2.2k4.0k853.018.4k909.0

Gross profit Margin, %

100%100%100%100%100%100%19%100%100%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

374.5k1.2m29.6k1.1k

Accounts Receivable

3.3k

Prepaid Expenses

16.6k14.0k2.0k

Current Assets

377.8k1.2m43.6k3.1k
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

2.2m31.2k267.3k674.8k15.9k11.2k485.01.7k2.6k850.0650.0650.0

Accounts Receivable

583.085.0167.0

Prepaid Expenses

10.4k551.5k116.4k23.6k27.2k25.3k16.3k

Current Assets

2.2m31.2k277.8k1.2m132.4k34.8k50.8k27.0k19.1k850.0650.0650.0
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(18.0m)(44.4m)(16.0m)(34.3m)

Depreciation and Amortization

19.5k416.3k443.1k45.3k

Accounts Payable

(298.1k)732.0k

Cash From Operating Activities

(6.2m)(8.0m)(6.4m)(1.8m)
Quarterly
USDQ1, 2017Q3, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(7.4m)(26.2m)(19.1m)(5.5m)(8.4m)(12.9m)(1.5m)(2.9m)(26.3m)(32.0m)(112.1m)(47.4m)

Depreciation and Amortization

5.8k21.3k(11.9k)105.8k222.5k335.7k14.0k28.2k42.1k

Accounts Payable

503.9k49.0k62.7k94.2k

Cash From Operating Activities

(2.5m)(7.2m)(5.2m)(3.5m)(4.4m)(5.7m)(286.6k)(832.7k)(1.4m)(109.4k)(492.5k)(717.1k)
USDFY, 2016

Debt/Equity

-1.2 x

Debt/Assets

1.8 x

Financial Leverage

-0.7 x
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MassRoots Operating Metrics

MassRoots's Users was reported to be 1 m in Dec, 2018. MassRoots's Enterprise Customers was reported to be 100 in Feb, 2019.
Apr, 2014Jul, 2015Mar, 2017Oct, 2017Dec, 2018Feb, 2019

Articles

2.70 k

Enterprise Customers

100

Trademarks

4

Users

100 k450 k1 m1 m1 m
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MassRoots Acquisitions / Subsidiaries

Company NameDateDeal Size
COWA ScienceFebruary 13, 2019
WeedPassDecember 07, 2018
Odava, Inc.July 06, 2017
CannaBuildDecember 19, 2016
WhaxyDecember 15, 2016
DDDigital LLC
MassRoots Blockchain Technologies, Inc.
MassRoots Supply Chain, Inc

MassRoots Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

MassRoots Online and Social Media Presence

Embed Graph

MassRoots Company Culture

  • Overall Culture

    B-

    78/100

  • CEO Rating

    D

    63/100

  • Compensation

    A-

    87/100

Learn more on Comparably

MassRoots Blogs

Marijuana Legalization on the Ballot in Arizona

Arizona voters will have a chance to cast a ballot in support of recreational marijuana […] The post Marijuana Legalization on the Ballot in Arizona appeared first on MassRoots.

The Evolution of Kamala Harris’ Views On Marijuana

On Tuesday, presumptive Democratic presidential nominee Joe Biden announced he was selecting Kamala Harris (D-CA) […] The post The Evolution of Kamala Harris’ Views On Marijuana appeared first on MassRoots.

Veteran Derek Harris Freed After Receiving Life Sentence for $30 of Marijuana

After spending nearly a decade behind bars for selling a small amount of marijuana, Derek […] The post Veteran Derek Harris Freed After Receiving Life Sentence for $30 of Marijuana appeared first on MassRoots.

Study: Marijuana Use Trends In The United States

Marijuana use in the States has been steadily on the rise for over a decade. […] The post Study: Marijuana Use Trends In The United States appeared first on MassRoots.

Vermont On The Precipice Of Legalizing Marijuana Sales

Marijuana may be legal in Vermont, but there are no dispensaries slinging pre-rolls and dab […] The post Vermont On The Precipice Of Legalizing Marijuana Sales appeared first on MassRoots.

Disabled Black Veteran Faces Five Years In Prison For Medical Marijuana

Sean Worsley served his country in war-ravaged Iraq by clearing roadside explosives. He returned home […] The post Disabled Black Veteran Faces Five Years In Prison For Medical Marijuana appeared first on MassRoots.
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MassRoots Frequently Asked Questions

  • When was MassRoots founded?

    MassRoots was founded in 2013.

  • Who are MassRoots key executives?

    MassRoots's key executives are Isaac Dietrich, John Dill and Marcel Lam.

  • How many employees does MassRoots have?

    MassRoots has 8 employees.

  • What is MassRoots revenue?

    Latest MassRoots annual revenue is $23.7 k.

  • What is MassRoots revenue per employee?

    Latest MassRoots revenue per employee is $3 k.

  • Who are MassRoots competitors?

    Competitors of MassRoots include Twitter, Geneva and hoplr.

  • Where is MassRoots headquarters?

    MassRoots headquarters is located at 2420 17th St #3118, Denver.

  • Where are MassRoots offices?

    MassRoots has an office in Denver.

  • How many offices does MassRoots have?

    MassRoots has 1 office.