DENVER: MassRoots has re-launched its online store carrying products from which the Company expects to generate profit margins greater than 80% per unit sold – with the initial items being MassRoots stickers and cups.
MassRoots has also enabled customers to pay for products with Bitcoin and Ethereum (Cryptocurrencies).
The Company records the value of these sales as the market price of the Cryptocurrencies received for payment at the time the transaction occurs.
MassRoots may hold up to 20% of its current assets in the form of Cryptocurrencies which it received as payment for products and the Company’s management may effectuate sales of these Cryptocurrencies at its sole discretion.
“We’re asking MassRoots’ supporters to consider purchasing products from our store to help us repay our debts and other liabilities, provide the Company working capital, and fund production of additional content on our YouTube, Instagram, Twitter, and other platforms,” stated MassRoots Chief Executive Officer Isaac Dietrich.
“If we are able to generate significant revenue from these products, we believe it has the potential to strengthen our balance sheet and fund the production of additional high-quality, informative content covering the regulated cannabis industry.”
MassRoots Inc. is a technology and media company focused on the regulated cannabis industry. www.MassRootsInvestors.com