Summer is right around the corner and that means it’s time to start bargain shopping! Historically, for the last several years, the entire cannabis market has pulled in during the summer months before eventually rallying back into the fall and winter seasons. This price action has created enormous opportunities for investors over the years. And now we believe this year one previous feature company needs to be at the top of your shopping list.
Leafbuyer Technologies Inc. (OTC: LBUY) has not only been called a “game-changer” by NBC but has also been referred to as the “The Priceline of Pot” by TheStreet.com. Priceline provides the best deals on travel. Similarly, Leafbuyer Technologies Inc. (OTC: LBUY) is the most comprehensive online source for cannabis deals and specials. The website, Leafbuyer.com, is helping to connect millions of consumers daily.
The Future of Cannabis
What Priceline.com did for the global travel industry, Leafbuyer.com could soon do for the thriving cannabis industry. First launched in Colorado, Leafbuyer Technologies Inc. (OTC: LBUY) is poised to be at the center of expansion of the legal marijuana industry and has already saved marijuana users millions of dollars in consumer savings. If they duplicate their proven business model in each state it is not hard to see how this company could become one of the biggest players in the Marijuana Industry.
Many of you are familiar with Groupon, the company that connects its subscribers with local merchants and offers a variety of deals. The company rakes in billions from its deals database. Well, Leafbuyer’s national network of cannabis deals and information already reaches millions of consumers monthly.
But what’s really exciting is the tremendous growth Leafbuyer Technologies Inc. (OTC: LBUY) is already experiencing! This is not some startup with ambitious hopes and dreams. No. Leafbuyer’s growth and market share grab is already very much a reality.
The Company recently announced that quarterly cash sales growth rose 36% year over year in the quarter ending March 31, 2019. Platform enhancements, including blockchain, order ahead, and Leafbuyer Loyalty, as well as a bolstered, specialized, multi-state sales team and diverse product offerings, accounted 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.
This growth has continued into 2019 as well with even more record revenues! Leafbuyer Technologies Inc. (OTC: LBUY) announced its quarterly sales increased 70% in the quarter ending March 31, 2019. The growth reflects the revenue booked in the quarter versus the same quarter of the previous year.
Leafbuyer’s 70% year-over-year growth rate is more than double the industry’s national average of 26.7%, according to Arcview Market Research and BDS Analytics! And in his own words, Kurt Rossner, CEO of Leafbuyer says, “We plan to double our sales and support teams by Fall 2019 to manage the increased demand for our products and services,”
Leafbuyer continues to expand into newly legal, medical and recreational markets across the country as proposed cannabis-friendly legislation is signed into law. They are striving to implement client and consumer acquisition and retention solutions into previously untapped markets to boost bottom line revenue. And the one constant focus continues to be growth.
Leafbuyer Technologies Inc. (OTC: LBUY)’s rapid pursuit of the growth initiative laid out by CEO Kurt Rossner has led to the recent establishment of their first satellite office in Los Angeles, California. The Company’s original headquarters is based in Denver, Colorado.
The Los Angeles satellite office will become the primary regional office for several Western states, including California, Washington, Oregon, Arizona, and Nevada. This shift allows the Company’s national footprint to expand, enabling sales initiatives to be more heavily focused on newly legal Midwestern and Eastern states, including Oklahoma, Michigan, Maryland, Massachusetts, and others. Again, the constant continues to be growth.
Growth and market share are two areas investors should focus heavily on when compiling their summer shopping list. And Leafbuyer seems to have plenty of both. Leafbuyer.com is already the largest cannabis deals network in the United States with nearly 10 million users monthly.
Technology and Cannabis
The key differentiator that will separate the cannabis sector leaders from the rest of the pack will be technology. That’s why it’s important we point out that Leafbuyer Technologies Inc. (OTC: LBUY) is integrating blockchain technology into its Leafbuyer Loyalty program to create a bridge for cannabis consumers to be able to complete monetary transactions electronically with dispensaries and product companies.
Consumers will be able to create their own blockchain wallet, called the Leafbuyer Wallet. Users will be able to link to local dispensaries, view their account and transaction history, and see their loyalty points. See the company press release.
Enhancing its technological edge, Leafbuyer Technologies Inc. (OTC: LBUY) has recently launched a delivery mobile app feature. This will complement its existing mobile application. Dispensaries in states like California, Arizona, Nevada, and Washington can now add delivery to their list of offerings through the Greenlight mobile application.
Consumers can place an order for cannabis products to be delivered from a participating dispensary much the same way a person can order a pizza through a mobile application. And with the market for delivery expected to grow exponentially over the next two years, this could be a well-timed opportunity that Leafbuyer Technologies Inc. (OTC: LBUY) can take advantage of immediately.
“The addition of this new technology will allow us to monetize our consumer base through a fee generated from each transaction,” said Kurt Rossner, CEO of Leafbuyer. “We’ll be able to penetrate thousands of new dispensaries and delivery companies in legal markets by offering this delivery solution. Leafbuyer will not physically deliver the products, rather we will hand off the ‘last mile’ to our delivery and dispensary partners.”
Rapid Market Expansion
The cannabis industry is exploding, in case you haven’t noticed. Forbes predicts North American marijuana sales could surpass an astonishing $20 Billion by 2021. That is a yearly combined growth rate of 25%. Is 25% a lot? Put it this way, the growth rate of the dot-com era was 22%.
Leafbuyer Technologies Inc. (OTC: LBUY) is pushing and focusing on growth with entries into new markets to offer local deals to more and more American cannabis users. It’s a simple numbers game folks, whoever has the most users will dominate the space. And like we stated earlier, Leafbuyer is currently the largest cannabis deal website in the United States with over 10 million monthly users and counting. Now it’s about time you got out your pen and added Leafbuyer Technologies Inc. (OTC: LBUY) to the top of your shopping list.
Disclaimer: Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Leafbuyer Technologies Inc., Midam is being paid $50,000 for a period of 30 days beginning November 1, 2018, and ending November 30, 2018. Midam has been paid an additional $50,000 and 40,000 common restricted shares of Leafbuyer Technologies, Inc. extending the contract another 30 days ending December 31, 2018. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to January 31, 2019. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to March 1, 2019. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to April 1, 2019. Midam has been compensated an additional $100,000 by Leafbuyer Technologies for a period of coverage from April 12, 2019 to June 12, 2019. We owned 77,000 shares of Leafbuyer Technologies. We may buy or sell additional shares of (LBUY) in the open market at any time (as of 3/29/2019) Midam Ventures no longer owns 77,000 shares of LBUY), including before, during or after the Website and Information, to provide public dissemination of favorable Information about Leafbuyer Technologies Inc. Please Click Here to Read Our Full Disclosure.