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Tuesday, November 29, 2022

Stock Spotlight on Leafbuyer Technologies Inc (OTCMKTS: LBUY)

Leafbuyer Technologies Inc (OTCMKTS: LBUY) is an exciting stock that saw a huge rise in late September to highs near $2.50. Since than LBUY has been trading at around $1 per share.

LBUY operates in the booming cannabis space that experienced a significant downturn in October.; According to data published by Forbes, citing Brightfield Group, the global cannabis market is estimated to cross the USD 30 Billion mark by 2021. By end of 2017, the global cannabis market value was estimated at USD 7.7 Billion, in which the U.S. held about 90% of total sales. By 2021, the U.S. is expected to account for only 57% of global cannabis sales. Meanwhile, the global market will continue to mature and is projected to grow at a CAGR of 60%

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.

Earlier this year 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. Due to the acquisition 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.

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In October LBUY announced the implementation of its own, enterprise-level loyalty platform called “Leafbuyer Loyalty”. The program will eventually fully integrate with the company’s much anticipated blockchain and order-ahead initiatives. Leafbuyer Loyalty was built and designed with the latest texting and loyalty trends in mind. What really sets Leafbuyer’s Loyalty apart from all other SMS platforms, is the ability for consumers to sign up directly through the Leafbuyer Network. Combining the reach of the Leafbuyer Network, which reaches millions of cannabis consumers monthly, with the latest in SMS/loyalty, Leafbuyer clients can work with one company to attract new patrons while retaining their current client base.

On November 8 LBUY announced it has acquired Greenlight Technologies, a California-based application development company. The announcement follows a letter of intent released on September 24, 2018. The Greenlight mobile application provides cannabis consumers real-time ordering and loyalty rewards through a native progressive web application (PWA) that integrates with the local dispensary’s point of sale system. The acquisition more than doubles Leafbuyer’s client base in California.

The acquisition adds additional revenue streams to leverage Leafbuyer’s market penetration. Incorporating Greenlight’s order ahead mobile platform into Leafbuyer’s bundled package offers a unique, industry-leading combination. The company projects the deal will be accretive to earnings within six months.

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Currently trading at a $40 million market valuation LBUY had $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 according to their last filing. 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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