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Leafbuyer Technologies, Inc. Announces 84% Growth in Bookable Loyalty Revenue

Leafbuyer Technologies, Inc. (LBUY) (“Leafbuyer” or “the Company”), a leading cannabis technology company, announced today its Leafbuyer Loyalty platform saw an 84% percent increase in bookable revenue based on client usage during the 6-month period beginning March 2019 through August 2019.

“We’ve seen an average of a 13% compound growth rate per month over the last six months,” said Kurt Rossner, CEO of Leafbuyer. “We’re confident we’ll continue to see increased growth as we scale our sales teams and focus on selling our loyalty platform. The ability to bundle multiple platforms makes the Leafbuyer solution unique to the industry. We are hoping revenue in loyalty alone reach $200,000 per month in 2020.”

The Leafbuyer Loyalty platform allows dispensaries and product company clients across the United States to gather contact information from opted-in consumers who visit their stores and websites. These companies can text their consumers deals and offer loyalty rewards to returning customers.

Leafbuyer Loyalty helps dispensaries and product companies reach consumers directly on their mobile devices. The platform is designed to help Leafbuyer clients facilitate sales and boost customer retention rates.

“Leafbuyer offers one of very few cannabis-centric loyalty programs in the industry,” said Rossner. “Even fewer companies offer other technology solutions, including order ahead, delivery, and web-based platforms, in addition to loyalty.”

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.

View source version on businesswire.com

https://www.businesswire.com/news/home/20190919005251/en/

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