MassRoots: A Sustainable Business Model Remains Elusive

MassRoots' results for its quarter ending March 2019 failed to address some of the key pain points for shareholders in recent years. The company continued to generate minuscule revenue, a figure which was in turn entirely dwarfed by cash burn during the quarter.

The results underlie the collapse in shareholder confidence over the last few years. MassRoots continues to struggle to find an actual business model and has pivoted from being a social media company to a dispensary finder, blockchain company, cannabis rewards company, and now to a cannabis logistics and supply chain company with the recently announced acquisition of COWA Science.

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