Leafbuyer Technologies, Inc. (“Leafbuyer” or the “Company”) (OTCQB:LBUY), a provider of marketing and technology solutions for businesses in the cannabis and other similar industries, has noted the continued unusually high trading volume and decline in share price since July 31, 2019 on the OTCQB. Leafbuyer confirms that it is not aware of any material undisclosed information relating to the Company that may be contributing to the recent increase in trading volume and decrease in market price.
Kurt Rossner, CEO of Leafbuyer Technologies stated, “We continue to expand and execute our business plan of growth. The company recently raised substantial capital to execute this plan and we have completed the final components of hiring a seasoned senior management team. I am as optimistic about our prospects as I have ever been. The three founders have not sold a share of stock in the company since we went public over two years ago”.
On July 31, 2019 the Company’s Form S-1, filed with the Securities and Exchange Commission, became effective. This registration was related to the securities purchase agreements disclosed on July 5, 2019.
The Company has no further updates to provide at this date, nor does the Company have any direct knowledge that this Form S-1 becoming effective was directly correlated to the high trading volume and decline in market price. The Company has no further positive or negative information which would explain the recent trading volume and share price fluctuations. The Company has provided, and will continue to provide, complete disclosure and updates with respect to any events affecting the business of Leafbuyer as they occur.
About Leafbuyer Technologies:
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. Leafbuyer’s national network of cannabis deals and information reaches millions of consumers every month.
Learn more at Leafbuyer.com.
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.