Leafbuyer Technologies, Inc. Launches Blockchain
January 7, 2019
DENVER–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24LBUY&src=ctag” target=”_blank”gt;$LBUYlt;/agt; lt;a href=”https://twitter.com/hashtag/Denver?src=hash” target=”_blank”gt;#Denverlt;/agt;–Leafbuyer
Technologies, Inc. (OTC:LBUY) (“Leafbuyer” or “the Company”)
announced today it launched Phase One of its multiphase blockchain
initiative on December 20, 2018. This first phase integrates with the
Company’s loyalty platform, Leafbuyer Loyalty. This launch creates the
bridge for cannabis consumers to eventually complete monetary
transactions electronically with dispensaries and product companies.
Now, within the Leafbuyer Loyalty application, consumers can choose to
create their own blockchain wallet, called the Leafbuyer Wallet.
Immediately, when a consumer creates a Leafbuyer Wallet account at a
participating dispensary, a link is sent through SMS to their mobile
device. Through this link, the consumer can view their account, track
all transaction history, and see their loyalty points. Leafbuyer Wallet
consumers can visit their account at any time through their smartphone
without needing to be onsite at a participating dispensary.
“This first step in our blockchain initiative lays the groundwork for
Leafbuyer to utilize blockchain and cryptocurrencies in our business
plans,” said Leafbuyer CTO Michael Goerner.
Blockchain allows for a digitized, decentralized, secure environment in
which transactions are made and information is stored in a verifiable,
permanent way. This leading, anti-fraud technology supports Leafbuyer’s
initiative to provide transparency with its customers and consumers.
“The sky is the limit with blockchain,” said Leafbuyer CEO Kurt Rossner.
“The technology will help shape the cannabis industry and open doors to
new revenue possibilities for Leafbuyer. We want to offer the highest
level of transparency with customers, and blockchain will help us
accomplish this goal.”
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.
About Leafbuyer
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.
Contacts
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
andre@leafbuyer.com