Company's Growth Rate Accelerates 27% Year Over Year
DENVER, CO / ACCESSWIRE / November 13, 2019 / Leafbuyer Technologies, Inc. (OTCQB:LBUY) ("Leafbuyer" or "the Company"), a leading cannabis marketing and technology platform, announced its quarterly sales increased 27% in the quarter ending September 30, 2019. The growth reflects the revenue booked in the quarter versus the same quarter of the previous year.
"Leafbuyer continues to accelerate revenue growth quarter to quarter. The results reflect our dedication to our clients and strong demand for our products," said Kurt Rossner, CEO of Leafbuyer. "We have a lot of exciting things happening within the company. Looking forward, we are very optimistic about our continued growth. All of the deferred revenue from trade show sales will be realized in the quarter ending December 31, 2019."
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. The announcement follows an October 22, 2019, release publishing the Company's cash sales growth for the same quarter.
Leafbuyer realizes revenue from the sales of its sophisticated marketing technology platforms, which drive cannabis consumers to dispensaries and product companies across the country. The solutions include loyalty programs, mobile application-based order ahead, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners, as well as additional marketing channels.
About Leafbuyer Technologies, Inc.
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. 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
Cautionary Statement Regarding Forward-Looking Information
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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.