CannaGrowth.com | Board at marijuana social media giant MassRoots ousts CEO
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Board at marijuana social media giant MassRoots ousts CEO

16 Oct Board at marijuana social media giant MassRoots ousts CEO

The board of directors at MassRoots, the cannabis-focused technology and social media giant, has fired CEO and founder Isaac Dietrich amid financial difficulties plaguing the Denver company. The move was first reported by Benzinga. MassRoots has been suffering from a high cash-burn rate and declining revenues. Dietrich repotedly knew the vote was coming and spent last weekend trying to persuade MassRoots’ shareholders to fire the board. But the board was able to oust Dietrich first, Forbes reported. The board named vice president Scott Kveton as the new CEO. Kveton was director of business development at Odava, a ... Board at marijuana social media giant MassRoots ousts CEO is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The post Board at marijuana social media giant MassRoots ousts CEO appeared first on InvestinCannabis.com.

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