Cannabis tech firm MassRoots to acquire logistics business COWA Science for $5.8M

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Marijuana technology firm MassRoots – which has been struggling financially – said it agreed to acquire COWA Science, a cannabis-focused logistics and supply chain firm, in a stock deal valued at $5.8 million.

MassRoots CEO Isaac Dietrich said in a news release the company “is confident” the acquisition “will increase overall revenues and expand our market presence, with the goal of generating positive cash-flows from operations.”

According to the release, COWA generated unaudited revenue of approximately $1.5 million in fiscal year 2018

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