MassRoots Signs Agreement with Snipp Interactive, Inc. to Power its WeedPass Rewards Program

5 Mar by Vitaliy Dadalyan

MassRoots Signs Agreement with Snipp Interactive, Inc. to Power its WeedPass Rewards Program

LOS ANGELES–(BUSINESS WIRE)–MassRoots, Inc. (“MassRoots” or the “Company”) (OTCQB:MSRT), a leading
technology platform for the regulated cannabis industry, announced today
that it has entered into a Master Service Agreement (“MSA”) with Snipp
Interactive, Inc. (“Snipp”) (TSXV: SPN) to power its WeedPass™ Rewards
Program.

By utilizing Snipp’s receipt-processing and loyalty program technology,
MassRoots aims to transition WeedPass™ to a points-based rewards program
for dispensaries and cannabis brands. Pursuant to the agreement,
Snipp will assist MassRoots and its partners in creating comprehensive
customer acquisition and retention strategies based on the
accumulated knowledge and deep expertise it has acquired in designing
and launching marketing programs in other highly regulated industries
such as pharmaceuticals, alcohol and tobacco.

“By partnering with Snipp, we believe MassRoots can rapidly expand the
utility and effectiveness of our WeedPass Rewards Program as we continue
to grow our client base of dispensaries and cannabis brands,” stated Mr.
Isaac Dietrich, Chief Executive Officer of MassRoots. “We’re excited by
the opportunity to work with an industry leader in Snipp to develop a
cutting-edge rewards program for the multibillion-dollar cannabis
industry.”

“We are energized by the interest shown by MassRoots in our platform and
expertise in running customer acquisition and retention programs
across multiple industries,” said Mr. Atul Sabharwal, Chief Executive
Officer of Snipp. “We look forward to enabling industry-first solutions
with MassRoots in states that have regulated the production and sale of
cannabis.”

About MassRoots

MassRoots, Inc. is a leading technology platform for the regulated
cannabis industry. Powered by more than one million registered users,
the Company’s mobile apps empower consumers to make educated cannabis
purchasing decisions through community-driven reviews. Its rewards
program, WeedPass™, enables consumers to earn tickets to movies,
sporting events, and festivals by shopping at participating
dispensaries. MassRoots has been covered by CNN, CNBC, Fox Business,
Fortune, Forbes, and Reuters. For more information, please visit www.MassRoots.com/Investors and
review MassRoots’ filings with the U.S. Securities and Exchange
Commission.

About Snipp

Snipp is a global loyalty and promotions company with a singular focus:
to develop disruptive engagement platforms that generate insights and
drive sales. Our solutions include shopper marketing promotions,
loyalty, rewards, rebates and data analytics, all of which are
seamlessly integrated to provide a one-stop marketing technology
platform. We also provide the services and expertise to design, execute
and promote client programs. SnippCheck, our receipt processing engine,
is the market leader for receipt-based purchase validation; SnippLoyalty
is the only unified loyalty solution in the market for
CPG brands. Snipp has powered hundreds of programs for Fortune 1000
brands and world-class agencies and partners. The company is publicly
listed on the OTCQB, of the OTC Market in the United States of America
under symbol SNIPF, and on the Toronto Stock Venture Exchange (TSX) in
Canada under symbol SPN. Snipp was selected to the TSX Venture 50®, an
annual ranking of the strongest performing companies on the TSX Venture
Exchange, in 2015 and 2016. SNIPP IS RANKED AMONGST THE TOP 500 FASTEST
GROWING COMPANIES IN NORTH AMERICA on Deloitte’s 2018 Technology Fast
500™ List, for the third year in a row. Visit the Snipp website at http://www.snipp.com/ for Snipp’s
full suite of solutions and examples of Snipp programs.

Forward-Looking Statements

This press release contains certain forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements are identified by the
use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,”
“expect,” “may,” “continue,” “predict,” “potential,” “project” and
similar expressions that are intended to identify forward-looking
statements. All forward-looking statements speak only as of the date of
this press release. You should not place undue reliance on these
forward-looking statements. Although we believe that our plans,
objectives, expectations and intentions reflected in or suggested by the
forward-looking statements are reasonable, we can give no assurance that
these plans, objectives, expectations or intentions will be achieved.
Forward-looking statements involve significant risks and uncertainties
(some of which are beyond our control) and assumptions that could cause
actual results to differ materially from historical experience and
present expectations or projections. Actual results to differ materially
from those in the forward-looking statements and the trading price for
our common stock may fluctuate significantly. Forward-looking statements
also are affected by the risk factors described in the Company’s filings
with the U.S. Securities and Exchange Commission. Except as required by
law, we undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements are
made or to reflect the occurrence of unanticipated events.

Contacts

Investor Contact:
[email protected]
1-866-976-4784

MassRoots Contact:
Isaac Dietrich
Chief Executive
Officer
[email protected]
310.935.0239