https://www.businesswire.com/news/home/20190415005253/en/

LOS ANGELES--(BUSINESS WIRE)--Apr 15, 2019--MassRoots, Inc. ("MassRoots" or the "Company") (OTCQB:MSRT), a technology platform for the regulated cannabis industry, is pleased to release the following update on its planned acquisition of COWA Science Corporation (“COWA”) in a stock-based transaction valued at approximately $5.78 million, dependent upon COWA achieving revenue milestones of $2.5 and $7.5 million (the “Planned Acquisition”). For more information on the Planned Acquisition, please see the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on February 12, 2019.

“As an applied physicist from Texas with a background in the oil and gas industry, I am focused on commercializing technology and metrics that we can measure: revenue and cash-flows generated from operations,” stated Chris Alameddin, Chief Executive Officer of COWA Science Corporation. “We respect the network and the numerous relationships MassRoots has built over the past five years and we believe the synergies between our two companies will result in our achievement of the revenue goals we've set out for the fiscal year 2020. We look forward to closing this transaction as early as this month and then working tirelessly on behalf of MassRoots’ shareholders over the next several years.”