MassRoots founder, Isaac Dietrich, has found a way to regain control of the company he founded. In an 8k filing with the Securities and Exchange Commission, it was confirmed that CEO Scott Kveton has resigned. The filing also confirmed that all other board members are no longer with the company.
Tag Archives: Filing
On June 12, 2017, the MedMen Opportunity Fund, a California-based private equity fund focused on the legal marijuana industry, filed Form D with the United States Securities and Exchange Commission, indicating that it had raised approximately $60 million of its $100 million offering.
On Nov. 21, 2016, Kaya Holdings (OTCQB:KAYS), whose subsidiary Kaya Shack opened its first cannabis dispensary in Portland, Oregon, in 2014, announced that it had filed its third quarterly report of 2016, reporting a 700% year-over-year revenue increase.
On June 14, 2016, Burn Entertainment Corporation (OTC: BTVN), also known as BurnTV, a cannabis multimedia firm, announced a $2 million equity purchase agreement with Kodiak Capital Group, an institutional investor based in Newport Beach, California.
Medical-marijuana startup LeafLine Labs has begun an effort to raise $21 million, according to a regulatory filing.
On Jan. 20, 2016, Vireo Health, a medical marijuana holding company, filed Form D with the Securities and Exchange Commission, notifying the SEC of its exempt offering and sale of securities valued at $31.5 million under Rule 506(c).
On Nov. 24, 2015, CannLabs closed its Denver laboratory and laid off as many as 15 people. Some question the company’s future viability. So what happened?
The marijuana industry has faced another setback in its quest to gain access to basic banking services. According to the Associated Press, the Federal Reserve said in a court filing that it does not intend on accepting any money from businesses connected to the sale of marijuana.
MassRoots, which will begin trading on or around April 9, 2015, under the ticker MSRT, is set to be the first public cannabis company with a revenue model and a customer acquisition strategy built entirely around social media platforms.
Electrum Partners’ Leslie Bocskor along with his partner Gordon Katz have filed paperwork with the SEC to launch a cannabis-related hedge fund. Placement agents are aiming to raise $25 million.
There are many early-stage companies with an eye on cannabis that are entering the publicly-traded space these days. We wanted to give you a brief overview of some of the companies that are likely to offer public securities for the first time in 2015.
Most quarterly updates have been released for cannabis stocks, outside of companies posting annual filings and delayed PINKs.
Denver-based MassRoots is a distinct first mover into what could become a valuable corner of the social media ecosystem—a community by, of, and for cannabis enthusiasts.