Leafbuyer Technologies, Inc. Books 42% Growth in Latest Quarter
DENVER--(BUSINESS WIRE)--May 17, 2018--Leafbuyer Technologies, Inc. (LBUY) (“Leafbuyer”), a leading cannabis technology platform, announced that quarterly sales rose 42% in the quarter ending March 31 st, 2018. The increase reflects the cash sales booked in the quarter versus the same quarter of the previous year.
“Our growth in California is steadily increasing as we deploy marketing dollars and manpower there,” said Mark Breen, VP of Business Development. The company reported that sales in the East Coast markets are also increasing as more states become established. “We are focused on Colorado and West Coast markets right now, but we have been pleasantly surprised by growth in states like Maryland and Florida. We plan to double our sales team, to nearly 20, by the end of the year. Our platform enhancements and rollout will be in place soon and that should allow our sales team to drive even more value to our customers,” added Mr. Breen.
“Our current growth is due to our expanded presence nationally. The site traffic has increased by over 200% in the past year and our brand awareness in markets outside Colorado is increasing. We now have customers in 14 states and our sales team is deployed in 5 states. Our plan is to open regional sales offices in Southern California, Seattle and possibly the Bay Area in the next 12 months. Expansion plans for Canada are also in the works and we are very excited about their pending national legalization this summer,” 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 monthly. Leafbuyer is the official cannabis deals platform of LA Weekly, Voice Media Group and Dope Media.
Learn more at leafbuyer.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005794/en/
CONTACT: Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
KEYWORD: UNITED STATES NORTH AMERICA COLORADO
INDUSTRY KEYWORD: TECHNOLOGY INTERNET HEALTH ALTERNATIVE MEDICINE
SOURCE: Leafbuyer Technologies, Inc.
Copyright Business Wire 2018.
PUB: 05/17/2018 09:30 AM/DISC: 05/17/2018 09:30 AM