Leafbuyer Technologies, Inc. (LBUY) (“Leafbuyer” or “the Company”) a leading cannabis technology and marketing platform, announced today that quarterly cash sales growth rose 36% year over year in the quarter ending March 31, 2019. The increase reflects the cash sales booked in the quarter versus the same quarter of the previous year.
Platform enhancements, including blockchain, order ahead, and Leafbuyer Loyalty, as well as a bolstered, specialized, multi-state sales team and diverse product offerings, account for the year over year success.
“This growth provides momentum and a solid foundation for 2019. As we increase our national footprint and expand our industry-leading platform, we’re forecasting significant sales gains through the remainder of the year,” said Kurt Rossner, CEO of Leafbuyer.
Leafbuyer continues to expand into newly legal, medical and recreational markets across the country as proposed cannabis-friendly legislation is signed into law. The company strives to implement client and consumer acquisition and retention solutions into previously untapped markets to boost bottom line revenue.
Leafbuyer Technologies is a multi-platform cannabis technology company connecting consumers with dispensaries and product companies through online, loyalty, print, and in-person initiatives. Leafbuyer.com, known as the “Priceline of Pot”, promotes its clients’ deals and information through its cannabis media network, which reaches millions of 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.
Cautionary Statement Regarding Forward-Looking Information
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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.
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