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Friday, October 7, 2022

Leafbuyer Technologies Inc (OTCMKTS: LBUY) Back on the Rise

Leafbuyer Technologies Inc (OTCMKTS: LBUY) has made a huge move in recent days running up the charts from the $0.75 range to recent highs well over $2 per share. The stock has transformed into a volume leader and is currently among the top most traded stocks on the OTCBB.

On May 16 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.

“Leafbuyer continues to accelerate revenue growth quarter to quarter. The results reflect our aggressive sales strategy and ongoing efforts to drive more value to our dispensary and product clients. The diversification of our revenue streams continues as we expand our loyalty platform nationwide. We plan to continue aggressively growing our client base with a constant eye for the right acquisition partners,” said Kurt Rossner, CEO of Leafbuyer.

Leafbuyer garners revenue from the sales of its sophisticated marketing technology platforms, which drive cannabis consumers to dispensaries and product companies. The solutions include texting/loyalty, mobile application-based order ahead, blockchain, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.

Leafbuyer Technologies Inc (OTCMKTS: LBUY) bills itself as 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. Leafbuyer is the official cannabis deals platform of Dope Media, LA Weekly, and Voice Media Group.

Founded in 2012, Leafbuyer partners with cannabis dispensaries and product companies across the United States to bring the best legal cannabis deals to consumers. They have also been clouted as the industry’s first one-stop-shop for cannabis advertising, education, and information.

Leafbuyers business plan includes expanding into every state in the U.S. ‐ They have already exceeded every goal we’ve set for ourselves! As soon as a state changes its policy toward medical or recreational legalization, they have team members on the ground making sure consumers have access to exclusive opportunities and that dispensaries have optimized resources to reach and retain customers.

The Company says leafbuyer.com traffic is growing fast recently reporting annual website traffic growth to Leafbuyer.com of 375%. Leafbuyer’s new session numbers also grew nearly 30% from March 2018. The growth comes after the company rolled out its new product directory and added major search functionality to its industry leading cannabis deals database.

Kurt Rossner, Leafbuyer’s CEO, said at the time “We are very pleased with the results since we went public last year. Our major expansion push has been in California and that traffic has increased by 740% year to year and Florida has increased over 800%. As we gain more traffic in a market it is easier for prospects to make the decision to come onto the platform and highlight their brand. A year ago, we had clients in 6 states, we are now in 14 states and growing.”

LBUY announced and LOI to acquire California-based Greenlight Technologies. Greenlight provides cannabis consumers real-time mobile ordering and loyalty rewards through a native application that integrates with the local dispensary’s point of sale system.

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Once the acquisition is complete, Leafbuyer’s customer base in California will more than double. The company expects higher sales in the California market due to the opportunity for cross-selling of the complementary platforms. The company projects that the acquisition will be accretive to earnings within six months.

On September 27 LBUY announced it has entered the final development phases of the industry’s first large-scale platform based on blockchain technology. Final development is expected to be completed in October. A market launch is expected as soon as December 2018.

Blockchain allows for a digitized, decentralized, secure environment in which transactions are made and information is stored in a verifiable, permanent way. This innovative, anti-fraud technology will support Leafbuyer’s transparency with its customers. The launch will help create a bridge for cannabis consumers to eventually complete monetary transactions electronically with dispensaries and product companies.

“This first-of-its-kind blockchain solution offers complete transparency between cannabis businesses and the end consumer, which, we expect, will add significant value to Leafbuyer’s platform. This, in turn, should open more revenue possibilities as we broaden the platform. The possible applications with blockchain technology are extraordinary, and we look forward to implementing this initiative to drive the growth of our company,” said Leafbuyer Chairman and CEO Kurt Rossne.

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Currently trading at a $72 million market valuation LBUY has $175k in the treasury, little debt and growing revenues recently reporting $287,224 in sales for the 3 months ended March 31, 2018 up from $231,504 for the same period last year. Leafbuyer also recent reported a 50% sales increase from 4th Quarter 2017 compared to 4th Quarter 2018. LBUY is an exciting story developing in small caps; leafbuyer.com is the first major cannabis technology platform to combine all three major advertising initiatives for legal dispensaries into one offering, called “The Ultimate Bundle.” The website is also experiencing exponential growth. We will be updating on LBUY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with LBUY.

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Disclosure: we hold no position in LBUY either long or short and we have not been compensated for this article.

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