Leafbuyer Technologies, Inc. Acquires Leading Cannabis Mobile App

Deal Gives Company a Significant Foothold Within the Nation’s Largest
Cannabis Market, Doubles Customer Base in California, and Expands
Revenue Opportunities in All Markets

DENVER–(BUSINESS WIRE)–$LBUY #DenverLeafbuyer
Technologies, Inc.
(“Leafbuyer or the “Company”) (OTCQB: LBUY), a
premier cannabis technology company, announced today that it has
acquired Greenlight Technologies, a California-based application
development company. The announcement follows a letter of intent
released on September 24, 2018.

The Greenlight mobile application provides cannabis consumers real-time
ordering and loyalty rewards through a native progressive web
application (PWA) that integrates with the local dispensary’s point of
sale system. The acquisition more than doubles Leafbuyer’s client base
in California.

“We look forward to expanding Greenlight’s platform in California and
bringing the technology to other legal cannabis markets, including
Colorado,” said Kurt Rossner, Chairman and CEO of Leafbuyer. “Both the
consumer and client experience will improve with the addition of this
user-friendly technology. With this integration, dispensaries may see
higher customer retention rates since they can easily reward their
consumers with convenient ordering options and loyalty benefits.”

The acquisition adds additional revenue streams to leverage Leafbuyer’s
market penetration. Incorporating Greenlight’s order ahead mobile
platform into Leafbuyer’s bundled package offers a unique,
industry-leading combination. The company projects the deal will be
accretive to earnings within six months.

“With Leafbuyer, we have a great opportunity to realize our vision of
our Loyalty and Mobile Order Ahead products and scale them quickly,”
said Marc Lopez, Greenlight Co-Founder. “Together, Greenlight and
Leafbuyer will accelerate our customers’ digital solutions, enabling
them to have a more rewarding, efficient, and simplified cannabis
experience.”

About Leafbuyer Technologies, Inc.

Leafbuyer.com is one of the most comprehensive online sources for
cannabis deals and information. Leafbuyer works alongside businesses to
showcase their unique products and build a network of loyal patrons.
Leafbuyer’s national network of cannabis deals and information reaches
millions of consumers every month. Leafbuyer is the official cannabis
deals platform of Dope Media, LA Weekly, and Voice Media Group.

About Greenlight Technologies

Greenlight is the leading loyalty rewards and order ahead software in
the cannabis industry, designed to give businesses a competitive edge
and to better retain their customers. Greenlight’s mission is to help
businesses serve more customers, grow their revenue, and increase
patient retention.

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.

Learn more at Leafbuyer.com.

Contacts

Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
andre@leafbuyer.com

Leave a Reply

Sky Optics Media drone video