DENVER, CO / ACCESSWIRE / October 22, 2019 / Leafbuyer Technologies, Inc. (OTCQB:LBUY) ("Leafbuyer" or "the Company"), a leading cannabis marketing and technology platform, announced today its quarterly cash sales increased 27% in the quarter ending September 30, 2019. The growth reflects cash sales in the quarter versus the same quarter of the previous year.
Leafbuyer's 27% growth rate continues to reflect higher than the industry average of 24%, a statistic published through a report by Arcview and BDS Analytics released June 20, 2019.
"Year over year, Leafbuyer continues to accelerate its cash sales. To achieve this, we execute aggressive sales strategies based on daily, weekly, and monthly goals," said Kurt Rossner, CEO. "We plan to expand our client base while maintaining diligence in identifying key acquisition partners."
Through newly developed technologies, including a new and improved, cohesive mobile application expected this fall, Leafbuyer continues to drive cannabis consumers to dispensaries and product companies across the country. The Company also attributes the continuous growth to increased sales of its loyalty and rewards platform Leafbuyer Loyalty.
"While some of our competitors cut personnel, we successfully doubled our sales and support teams to manage the increased demand for our products and services," said Rossner.
As detailed in a release on August 22, 2019, the Company now has a clear path to profitability and is forecasting to achieve this goal within the first half of 2020.
Leafbuyer.com is 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 through a suite of advanced technology solutions, including texting and loyalty. 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, Sensi Magazine, and Voice Media Group.
Learn more at Leafbuyer.com.
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
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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.
SOURCE: Leafbuyer Technologies Inc.