Leafbuyer Technologies, Inc. Growth Rate Accelerates 67% Year-on-Year Sales Gains
October 4, 2018
Sales Growth for the Quarter Ended September 30th
Shows Growth Accelerating Across All Product Lines
DENVER–(BUSINESS WIRE)–$LBUY #Denver—Leafbuyer
Technologies, Inc. (LBUY) (“Leafbuyer”), a leading cannabis
technology platform, announced quarterly sales results rose 67% in the
period ending September 30th, 2018, compared to the same period the
previous year.
“We recently reported our FY sales results that ended on June 30th
with a 42% growth rate. This recent quarter significantly increased that
acceleration. The average monthly spend per customer is steadily
increasing and we are seeing higher demand for our products in all of
the legal states we cover,” said Leafbuyer Chairman and CEO, Kurt
Rossner.
Leafbuyer is one of the largest dispensary deals networks in the
country. In addition, the company has ramped up expansion with a
consumer loyalty platform, online pre-ordering, and reservations.
“We continue to make investments in future product development.
Leafbuyer delivers solutions that drive more value to our customers. Our
new product bundles are being well received by the market. We not only
drive consumers to dispensaries, we continue to monetize that
relationship month after month,” said Leafbuyer COO, Mark Breen.
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