MassRoots pays off March debt of nearly $1M

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MassRoots, the publicly traded cannabis-centric social media site, said Friday it has repaid its creditors after disclosing last month it had missed nearly $1 million in payments that were due to holders of its convertible notes.

“We’re excited to have this debt fully repaid and behind us. We expect MassRoots will be cash-flow positive on a monthly basis by the end of the year,” MassRoots CEO Isaac Dietrich said in a news release filed with the Securities and Exchange Commission.

The Denver company said last month it had missed some $966,000 in payments due on six-month convertible

MassRoots pays off March debt of nearly $1M is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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