MassRoots has announced an agreement to acquire DDDigital, the company behind online canna-business ordering platform Whaxy and custom application developer Cannabuild, for $100,000 cash and 2,926,830 shares of MassRoots common stock, the company announced in a press release.
Isaac Dietrich, MassRoots CEO, said the company will focus on increasing the number of dispensaries using the MassRoots and Whaxy platforms.
“This acquisition, when completed, will expand MassRoots’ offerings to include a full suite of dispensary software solutions — online ordering, marketing, and real-time inventory management — for cannabis businesses,” he said in the release. “Zach Marburger is a brilliant strategist whom we’ve known for years and Whaxy’s CTO Micah Davidson engineered one of the best technology platforms on the market with a lean budget. We could not be more excited to welcome them to the MassRoots team.”
Marburger, founder and CEO of Whaxy, said that the deal will help build “a cannabis technology powerhouse.”
“We could not be more excited to be joining forces with MassRoots, enabling Whaxy’s system to scale its transaction volume, provide new capabilities to our customers, and add more enterprise value far more rapidly than we would have on our own,” he said.
The deal, subject to customary closing conditions, must still be finalized.
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