MassRoots (MSRT) Boots CEO Isaac Dietrich.

 

In a stunning coup, the MassRoots‘ board of directors has voted to oust Chief Executive Officer Isaac Dietrich and install Vice President Scott Kveton as the new CEO, while the new President Amanda Ostrowitz is out of the country. Dietrich has been losing the support of the board as the company burned through cash, while revenues continued to drop.

Dietrich had been making small acquisitions to shift the company from its roots as the “Facebook” of cannabis to a compliance and cannabis tech company. One of the companies he acquired, Odava, brought Kveton into the company this past July as the new Director of Business Development. Then Dietrich agreed to acquire the legal compliance company CannaRegs for

Dietrich had been making small acquisitions to shift the company from its roots as the “Facebook” of cannabis to a compliance and cannabis tech company. One of the companies he acquired, Odava, brought Kveton into the company this past July as the new Director of Business Development. Then Dietrich agreed to acquire the legal compliance company CannaRegs for…

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