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Leafbuyer Technologies Achieves 43% Year-Over-Year Sales Growth

December 18, 2017

 

DENVER--(BUSINESS WIRE)--Leafbuyer Technologies, Inc. (LBUY) (“Leafbuyer”), a leading cannabis technology platform, announced an increase of 43% in sales growth, year-over-year, from November 2016 to November 2017. Leafbuyer’s monthly sales revenue also grew 25% from October 2017 to November 2017. As solid contributing factors to this growth, Leafbuyer added more than 100 new clients since April, doubled its staff since July, and launched its new text messaging client loyalty platform.

 

“We are thrilled about the momentum we are building with new and existing clients. To see such tremendous growth year-over-year and month-to-month, tells us we are on the right path,” said Mark Breen, VP of Business Development. “We have been staffing up over the last few months which is leading to positive gains in additional states, including California, Oregon and Washington.”

 

Leafbuyer’s proprietary approach to its consumer loyalty program also led to a significant increase in new customers. New and existing clients can grow and retain their customer base with Leafbuyer’s texting service. Consumers can also sign up for a dispensary’s loyalty program right from the Leafbuyer site, which is something no other loyalty program can provide.

 

“Our team’s drive and dedication to our clients, as well as our innovation, have been key drivers to our success. We hope to continue this momentum as we head into 2018, when California starts allowing adult-use dispensaries,” said CEO Kurt Rossner. “Our plans are to build on our existing suite of products and expand the capability our clients have into key customer information. By driving more value to our customer, we should be able to garner higher price points and expand our operating margins,” Rossner added.

 

About Leafbuyer Technologies, Inc.:

 

Leafbuyer is one of the most comprehensive online sources for searchable cannabis deals, specials and menu’s, Leafbuyer.com connects consumers with dispensaries. 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 monthly. Leafbuyer is the official marijuana deals platform of thecannabist.co (owned by The Denver Post) Voice Media Group and Grasscity.

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