Technologies, Inc. (LBUY) (“Leafbuyer” or “the Company”), a leading
cannabis marketing and technology platform, announced today its
quarterly sales increased 70% in the quarter ending March 31, 2019. The
growth reflects the revenue booked in the quarter versus the same
quarter of the previous year.
Leafbuyer’s 70% year-over-year growth rate is more than double the
industry’s national average of 26.7%, according to Arcview Market
Research and BDS Analytics.
“Leafbuyer continues to accelerate revenue growth quarter to quarter.
The results reflect our aggressive sales strategy and ongoing efforts to
drive more value to our dispensary and product clients. The
diversification of our revenue streams continues as we expand our
loyalty platform nationwide. We plan to continue aggressively growing
our client base with a constant eye for the right acquisition partners,”
said Kurt Rossner, CEO of Leafbuyer.
Leafbuyer garners revenue from the sales of its sophisticated marketing
technology platforms, which drive cannabis consumers to dispensaries and
product companies. The solutions include texting/loyalty, mobile
application-based order ahead, blockchain, and access to millions of
cannabis consumers through the Leafbuyer.com website and its network
“We plan to double our sales and support teams by Fall 2019 to manage
the increased demand for our products and services,” said Rossner.
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.