Leafbuyer Technologies, Inc. (LBUY) (“Leafbuyer”), a leading cannabis technology platform, announced today that its quarterly sales rose 67% in the quarter ending September 30, 2018. The increase reflects the revenue booked in the quarter versus the same quarter of the previous year.
“Our record growth this quarter is a function of our bolstered national expansion and the higher dollar value we are receiving for our bundled packages,” said Mark Breen, COO of Leafbuyer. “We are seeing a high demand for our loyalty services as well as our customer acquisition platform. We expect to see a significant increase in revenue coming from loyalty and order ahead products from our cannabis dispensary customers.”
“We are pleased with our revenue growth and believe the rate of growth will continue into 2019 as we add sales and marketing resources. We will also be rolling out expansion plans for our new Greenlight acquisition and will continue to increase the expansion of our platform in all legal markets, including Canada,” 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 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.
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