Leafbuyer Technologies, Inc. Growth Rate Accelerates 67% Year-on-Year Sales Gains
DENVER--(BUSINESS WIRE)--Oct 4, 2018--Leafbuyer Technologies, Inc. (LBUY) (“Leafbuyer”), a leading cannabis technology platform, announced quarterly sales results rose 67% in the period ending September 30th, 2018, compared to the same period the previous year.
“We recently reported our FY sales results that ended on June 30 th with a 42% growth rate. This recent quarter significantly increased that acceleration. The average monthly spend per customer is steadily increasing and we are seeing higher demand for our products in all of the legal states we cover,” said Leafbuyer Chairman and CEO, Kurt Rossner.
Leafbuyer is one of the largest dispensary deals networks in the country. In addition, the company has ramped up expansion with a consumer loyalty platform, online pre-ordering, and reservations.
“We continue to make investments in future product development. Leafbuyer delivers solutions that drive more value to our customers. Our new product bundles are being well received by the market. We not only drive consumers to dispensaries, we continue to monetize that relationship month after month,” said Leafbuyer COO, Mark Breen.
According to Arcview Market Research, the legal cannabis industry will see growth from $9.2 billion in 2017 to over $47.3 billion by 2027 in North America alone.
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.
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181004005223/en/
CONTACT: Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
KEYWORD: UNITED STATES NORTH AMERICA COLORADO
INDUSTRY KEYWORD: HEALTH ALTERNATIVE MEDICINE NATURAL RESOURCES OTHER NATURAL RESOURCES
SOURCE: Leafbuyer Technologies, Inc.
Copyright Business Wire 2018.
PUB: 10/04/2018 08:00 AM/DISC: 10/04/2018 08:01 AM