ACCESS Newswire
22 Oct 2019, 17:31 GMT+10
DENVER, CO / ACCESSWIRE / October 22, 2019 / Leafbuyer Technologies, Inc. (OTCQB:LBUY) ('Leafbuyer' or 'the Company'), a leading cannabis marketing and technology platform, announced today its quarterly cash sales increased 27% in the quarter ending September 30, 2019. The growth reflects cash sales in the quarter versus the same quarter of the previous year.
Leafbuyer's 27% growth rate continues to reflect higher than the industry average of 24%, a statistic published through a report by Arcview and BDS Analytics released June 20, 2019.
'Year over year, Leafbuyer continues to accelerate its cash sales. To achieve this, we execute aggressive sales strategies based on daily, weekly, and monthly goals,' said Kurt Rossner, CEO. 'We plan to expand our client base while maintaining diligence in identifying key acquisition partners.'
Through newly developed technologies, including a new and improved, cohesive mobile application expected this fall, Leafbuyer continues to drive cannabis consumers to dispensaries and product companies across the country. The Company also attributes the continuous growth to increased sales of its loyalty and rewards platform Leafbuyer Loyalty.
'While some of our competitors cut personnel, we successfully doubled our sales and support teams to manage the increased demand for our products and services,' said Rossner.
As detailed in a release on August 22, 2019, the Company now has a clear path to profitability and is forecasting to achieve this goal within the first half of 2020.
About Leafbuyer
Leafbuyer.com is one of the most comprehensive online sources for cannabis deals and information. Leafbuyer works alongside businesses to showcase their unique products and build a network of loyal patrons through a suite of advanced technology solutions, including texting and loyalty. Leafbuyer's national network of cannabis deals and information reaches millions of consumers every month. Leafbuyer is the official cannabis deals platform of Dope Media, Sensi Magazine, and Voice Media Group.
Learn more at Leafbuyer.com.
Contacts
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
[email protected]
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.
SOURCE: Leafbuyer Technologies Inc.
Get a daily dose of Boston Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Boston Star.
More InformationREDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
(Photo credit: Neville E. Guard-Imagn Images) Willy Adames drove in three runs with a triple and a home run, Dominic Smith added...
(Photo credit: David Butler II-Imagn Images) Ceddanne Rafaela hit a walk-off, two-run home run in the bottom of the ninth inning...
(Photo credit: David Butler II-Imagn Images) Boston Red Sox starting pitcher Hunter Dobbins exited Friday night's game against the...
(Photo credit: Brad Penner-Imagn Images) New York Yankees left-hander Carlos Rodon was named to the American League All-Star team...
(Photo credit: Geoff Burke-Imagn Images) Boston Legacy FC signed striker Aissata Traore to a three-year contract through the 2028...