{"id":7675,"date":"2017-08-24T14:16:06","date_gmt":"2017-08-24T14:16:06","guid":{"rendered":"http:\/\/www.denverpost.com\/?p=2763223"},"modified":"2017-08-24T14:16:06","modified_gmt":"2017-08-24T14:16:06","slug":"denver-based-cannabis-tech-firm-massroots-to-buy-cannaregs-for-12-million","status":"publish","type":"post","link":"https:\/\/cannitrol.com\/blog\/denver-based-cannabis-tech-firm-massroots-to-buy-cannaregs-for-12-million\/","title":{"rendered":"Denver-based cannabis tech firm MassRoots to buy CannaRegs for $12 million"},"content":{"rendered":"<div id=\"wp_fb_like_button\" style=\"margin:5px 0 5px 5px;float:right;height:100px;\"><script src=\"http:\/\/connect.facebook.net\/en_US\/all.js#xfbml=1\"><\/script><fb:like href=\"https:\/\/cannitrol.com\/blog\/denver-based-cannabis-tech-firm-massroots-to-buy-cannaregs-for-12-million\/\" send=\"true\" layout=\"standard\" width=\"450\" show_faces=\"false\" font=\"arial\" action=\"like\" colorscheme=\"light\"><\/fb:like><\/div><div class=\"media_block\"><\/div>\n<div class=\"row\">\n<div class=\"large-10 large-centered small-12 columns\">\n<div class=\"entry-meta-date\">Published: Aug 23, 2017, 4:30 pm \u2022 Updated: Aug 23, 2017, 4:30 pm<span class=\"single-comments-link\" \/><\/div>\n<p class=\"byline\">By <span class=\"author\"><a class=\"url fn n\" href=\"http:\/\/www.thecannabist.co\/author\/awallace\/\" rel=\"author\">Alicia Wallace<\/a><\/span><em>, The Cannabist Staff<\/em><\/p>\n<p>MassRoots Inc., a Denver-based marijuana tech and social media firm, plans to snap up web-based rules and regulations company CannaRegs Ltd. in a $12 million stock transaction, the companies announced Wednesday.<\/p>\n<p>The deal for Denver\u2019s CannaRegs, which developed a database of cannabis rules and regulations, marks another move by MassRoots to bulk up its software offerings. In the past eight months, MassRoots announced plans to buy Odava Inc., a regulatory compliance and point-of-sale software firm, for $1.75 million, and DDDigital Inc., the company behind cannabis ordering platform Whaxy, for $100,000 in cash and 2.6 million shares of stock.<\/p>\n<p>\u201cThis acquisition expands MassRoots\u2019 compliance offerings, consolidating the most important operations for cannabis businesses into one central platform,\u201d MassRoots CEO Isaac Dietrich said in a news release about the acquisition. \u201cWe expect with MassRoots\u2019 resources and relationships, we can grow the number of businesses utilizing CannaRegs and significantly increase MassRoots\u2019 contractually-obligated monthly recurring revenue.\u201d<\/p>\n<p>The combination could allow for CannaRegs, which has more than $450,000 in contractually obligated annual revenue, to expand deeper into the California market, founder Amanda Ostrowitz said in the announcement. Ostrowitz is expected to continue as an executive at MassRoots, company officials said.<\/p>\n<h3>Watch: Amanda Ostrowitz of CannaRegs on the #CannabistShow<\/h3>\n<p><span class=\"embed-youtube\">[embedded content]<\/span><\/p>\n<div class=\"entry-meta-author\">\n<div class=\"authorimage\"><a class=\"url fn n\" href=\"http:\/\/www.thecannabist.co\/author\/awallace\/\" rel=\"author\"><img src=\"https:\/\/cannitrol.com\/blog\/\/wp-content\/uploads\/2017\/08\/denver-based-cannabis-tech-firm-massroots-to-buy-cannaregs-for-12-million.jpg\" class=\"authormug\" \/><\/a><\/div>\n<p class=\"author-desc\">Alicia Wallace joined The Cannabist in July 2016, covering national marijuana policy and business. In her 14 years as a business news reporter, her coverage has spanned topics such as the economy, natural foods, airlines, biotech, retail,&#8230;<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- .row --> <\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"media_block\"><\/div>\n<p>MassRoots Inc., a Denver-based marijuana tech and social media firm, plans to snap up web-based rules and regulations company CannaRegs Ltd. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5062,6811,77,9,7275,5019,5236,7276,1,3,5219,61,1736],"tags":[5063,6816,2655,7277,5022,5238,7278,5234],"_links":{"self":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/7675"}],"collection":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/comments?post=7675"}],"version-history":[{"count":0,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/7675\/revisions"}],"wp:attachment":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/media?parent=7675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/categories?post=7675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/tags?post=7675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}