Social network MassRoots files for Nasdaq listing
MassRoots, a Denver-based operator of a cannabis-centric social network, is eyeing a listing on the Nasdaq exchange.
MassRoots (OTCQB: MSRT) filed an application for its shares to be listed on the Nasdaq Capital Market, officials announced Monday.
Moving to a tier of a major exchange from the over-the-counter market could bring further legitimacy to the burgeoning legal marijuana industry as well as bolster the company’s stature in the eyes of potential investors, officials said in a statement.
“We believe that uplisting to a national exchange like the Nasdaq would enable MassRoots to attract a broader range of institutional investors, increase share liquidity and help shift the paradigm about investing in the regulated marijuana market,” Isaac Dietrich, MassRoots chief executive officer, said in a statement.
Dietrich said via e-mail that the uplisting could be a multi-week process that presents several unknown variables — including whether the company would be successful...
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