Leafbuyer Technologies, Inc. Books Strong 67% Growth in Latest Quarter
November 19, 2018
Expansion of Platform and New Technologies Fuel Growth
DENVER–(BUSINESS WIRE)–$LBUY #Denver—Leafbuyer
Technologies, Inc. (LBUY) (“Leafbuyer”), a leading cannabis
technology platform, announced today that its quarterly sales rose 67%
in the quarter ending September 30, 2018. The increase reflects the
revenue booked in the quarter versus the same quarter of the previous
year.
“Our record growth this quarter is a function of our bolstered national
expansion and the higher dollar value we are receiving for our bundled
packages,” said Mark Breen, COO of Leafbuyer. “We are seeing a high
demand for our loyalty services as well as our customer acquisition
platform. We expect to see a significant increase in revenue coming from
loyalty and order ahead products from our cannabis dispensary customers.”
“We are pleased with our revenue growth and believe the rate of growth
will continue into 2019 as we add sales and marketing resources. We will
also be rolling out expansion plans for our new Greenlight acquisition
and will continue to increase the expansion of our platform in all legal
markets, including Canada,” said Kurt Rossner, CEO of Leafbuyer.
According to Arcview Market Research, the legal cannabis industry will
see growth from $9.2 billion in 2017 to over $47 billion by 2027 in
North America.
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 every
month. Leafbuyer is the official cannabis deals platform of LA
Weekly, Voice Media Group, Dope Media, Grasscity and The Stranger.
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