Loading...

loading icon

MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger

by / No Comments / 0 View / October 17, 2017

By Omar Sacirbey

By Omar Sacirbey

Turmoil and uncertainty are swirling around MassRoots, the once high-flying canna-centric social media and tech firm, after the company’s board reportedly fired founder and CEO Isaac Dietrich.

The news already has triggered fallout for MassRoots: The Denver company’s planned $12 million acquisition of tech company CannaRegs has been scrapped.

“With the tumultuous nature of what’s going on over there, we can’t stay in this agreement,” said Amanda Ostrowitz, CEO of CannaRegs, which provides services that help marijuana companies stay on top of ever-changing industry regulations. “I’m a business owner and I have to

MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

…read more

Via: MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger