{"id":18011,"date":"2017-07-26T09:27:54","date_gmt":"2017-07-26T17:27:54","guid":{"rendered":"http:\/\/cannabiscultivatornews.com\/home\/index.php\/2017\/07\/26\/cannabis-social-media-platform-massroots-raises-1-2-million\/"},"modified":"2017-07-27T00:42:23","modified_gmt":"2017-07-27T08:42:23","slug":"cannabis-social-media-platform-massroots-raises-1-2-million","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2017\/07\/26\/cannabis-social-media-platform-massroots-raises-1-2-million\/","title":{"rendered":"Cannabis social media platform MassRoots raises $1.2 million"},"content":{"rendered":"<\/p>\n<p>MassRoots \u2013 a popular marijuana-focused social media platform based in Denver \u2013 <a href=\"http:\/\/www.prnewswire.com\/news-releases\/massroots-announces-closing-of-12-million-equity-financing-300492633.html\" target=\"_blank\" rel=\"noopener\">has closed a\u00a0$1,217,000\u00a0private placement<\/a> of common stock and warrants.<\/p>\n<p>The transaction follows the company\u2019s late-May report in a financial filing that it was <a href=\"https:\/\/mjbizdaily.com\/cannabis-social-media-site-massroots-posts-loss-running-low-capital\/\" target=\"_blank\" rel=\"noopener\">running low on capital<\/a> and would need to raise $5 million in the next year to stay in business.<\/p>\n<p>Chairman Isaac Dietrich \u2013 the only MassRoots shareholder with stakes greater than 5% \u2013 participated in the offering with unidentified \u201caccredited investors\u201d that include \u201cfamily offices and high net worth individuals,\u201d the company said in a news release.<\/p>\n<p>The company<\/p>\n<p> &#8230;<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/mjbizdaily.com\/cannabis-social-media-platform-massroots-raises-1-2-million\/\">Cannabis social media platform MassRoots raises $1.2 million<\/a> is a post from: <a href=\"http:\/\/mjbizdaily.com\">Marijuana Business Daily: Financial, Legal &amp; Cannabusiness news for cannabis entrepreneurs<\/a><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nRead More: <a href=\"https:\/\/mjbizdaily.com\/cannabis-social-media-platform-massroots-raises-1-2-million\/\" target=\"_blank\">Cannabis social media platform MassRoots raises .2 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MassRoots \u2013 a popular marijuana-focused social media platform based in Denver \u2013 has closed a\u00a0$1,217,000\u00a0private placement of common stock and warrants. The transaction follows the company\u2019s late-May report in a financial filing that it was running low on capital and would need to raise $5 million in the next year<span class=\"more-link\"><a href=\"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2017\/07\/26\/cannabis-social-media-platform-massroots-raises-1-2-million\/\">Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,858,32,859],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/18011"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=18011"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/18011\/revisions"}],"predecessor-version":[{"id":18012,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/18011\/revisions\/18012"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=18011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=18011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=18011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}