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
This post is from Marijuana Business Daily. We encourage our readers to continue reading the full article from the original source here.