Leafbuyer Technologies, Inc. Posts 42% Year on Year Sales Gains
October 1, 2018
Growth Continues as Geographic Footprint Increases and Investments in
Technology Build a Platform with Greater Value
DENVER–(BUSINESS WIRE)–$LBUY #Denver—Leafbuyer
Technologies, Inc. (LBUY) (“Leafbuyer”), a leading cannabis
technology platform, announced that yearly sales rose 42% in the fiscal
year ending June 30th, 2018. The increase reflects the cash sales booked
in the year versus the previous year.
“We ended our fiscal year with very positive sales momentum and have
been building on that momentum going into the fall,” said Kurt Rossner,
Chairman and CEO.
The company reported that sales in new markets have been steadily
increasing as marketing efforts have taken hold and sales staff have
been put in place. “Our overall strategy of broadening our platform to
become a true comprehensive marketing solution has allowed us to attract
many new customers and upsell current ones. The average monthly spend
for new customers has increased more than 50% in the last six months as
we continue to offer a wider basket of solutions. We have also been
investing heavily in development (online ordering, loyalty and block
chain) and are starting to see the results in sales numbers.”
“We are very excited about what is happening right now in the industry.
Canada will be legalizing this month; the US elections are a month away
and we are rolling out great product enhancements across our network.
Building and broadening the platform while scaling in new markets across
the country is our ongoing focus,” said Mark Breen, COO and VP of Sales
of Leafbuyer.
According to Arcview Market Research, the legal cannabis industry will
see growth from $9.2 billion in 2017 to over $47.3 billion by 2027 in
North America alone.
About Leafbuyer Technologies, Inc.:
Leafbuyer.com is one of the most comprehensive online sources for
cannabis deals and information. Leafbuyer works alongside cannabis
businesses to showcase their unique products and build a network of
loyal patrons. The company’s online network reaches millions of
marijuana consumers monthly. Leafbuyer is the official cannabis deals
platform of LA Weekly, Voice Media Group and Dope Media.
Learn more at leafbuyer.com.
Cautionary Statement Regarding Forward-Looking Information
Safe Harbor Statement
This press release may contain forward looking statements which are
based on current expectations, forecasts, and assumptions that involve
risks and uncertainties that could cause actual outcomes and results to
differ materially from those anticipated or expected, including
statements related to the amount and timing of expected revenues and any
payment of dividends on our common and preferred stock, statements
related to our financial performance, expected income, distributions,
and future growth for upcoming quarterly and annual periods. These risks
and uncertainties are further defined in filings and reports by the
Company with the U.S. Securities and Exchange Commission (SEC). Actual
results and the timing of certain events could differ materially from
those projected in the forward-looking statements due to several factors
detailed from time to time in our filings with the Securities and
Exchange Commission. Reference is hereby made to cautionary statements
set forth in the Company’s most recent SEC filings.
Contacts
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
aleonard@leafbuyer.com