sam1933
3 years ago
Leafbuyer Technologies, Inc. Announces Loyalty Integration with the LeafLogix POS System
ntegration Will Enable Leafbuyer to Expand Growth into New Markets
DENVER, CO / ACCESSWIRE / March 31, 2021 /? Leafbuyer Technologies, Inc.?("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading loyalty technology company within the cannabis industry, has joined forces with LeafLogix to provide seamless data flow between both company's platforms. This integration will allow dispensaries who use the LeafLogix POS systems to seamlessly integrate with the Leafbuyer Technology loyalty platform.
This integration will enable dispensary consumers to check loyalty points, redeem rewards, view messages, view deals, and pre-order through a convenient branded dispensary application.
"We are excited about this partnership. We will be able to introduce the entire suite of Leafbuyer technology solutions to LeafLogix clients in markets across the country," said Mark Breen, COO of Leafbuyer.
"Designing technology that enables dispensaries to not only drive new customers through Leafbuyer.com, but also help them retain, communicate and place orders will keep customers more engaged with their brand," said Kurt Rossner CEO of Leafbuyer. "Integration partners are key for our Technology platform and we are thrilled to be working with one of the industry leaders," Rossner continued.
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive technology providers in the cannabis industry. Hundreds of cannabis businesses use the Leafbuyer texting, loyalty platform, and the Custom App solution to engage with current and potential customers.?Leafbuyer.com?is a robust online resource for hundreds of thousands of cannabis consumers across legal cannabis markets.
Learn more at?https://www.tech.leafbuyer.com/
Contact:
Leafbuyer Technologies, Inc.
Vida Almich, +720-427-3927
Cautionary Statement Regarding Forward-Looking Information
Safe Harbor Statement
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.
sam1933
3 years ago
Leafbuyer Technologies, Inc. Announces Results
8:01 AM ET 2/17/21 | Dow Jones
Company Grows Core Revenue While Significantly Reducing Operating Expenses and Achieving Operating Positive Cash Flow
DENVER, CO / ACCESSWIRE / February 17, 2021 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, announced today that revenue increased 13% and operating expenses decreased 51% year-over-year in the six months ending December 31st, 2020, compared to the same period in 2019.
"We are very pleased with our results ending December 31, 2020. The year 2020 was very challenging for many businesses. We were able to achieve our goal of operational positive cash flow while significantly reducing expenses and streamlining our business," said Kurt Rossner, CEO of Leafbuyer. "Simply stated, we were able to do more with less. Going forward, we will continue to advance our platform aggressively as we complete our pivot to a higher margin SaaS product line. We hope to have significant organic growth in 2021, while we continue to seek strategic partners to complement our platform," Rossner added.
The company grew revenue by 13% for the six-month period ending December 31, 2020, when not accounting for one-time trade show booth sales in October and November of 2019. While the Company booked a GAAP loss for the period, the Company realized positive operating cash flow in both months of November and December 2020.
Leafbuyer is working closely with some of the largest POS systems in the industry to further the value proposition to their retail partners. Because of Covid and the necessary steps retail cannabis locations have taken, order ahead and delivery products have experienced high demand.
"We feel well positioned going forward as a true "Canna-tech" solution platform for the growing legal cannabis market," Rossner continued. "We feel that many of the measures we have taken to achieve our goals during a global pandemic will benefit us tremendously as the economy opens and most retail businesses get going again."
Leafbuyer realizes revenue from the sale 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 cannabis consumers through the Leafbuyer.com website and its network partners.
sam1933
3 years ago
$LBUY SECURITY DETAILS
Share Structure
Market Cap
13,482,969
01/27/2021
Authorized Shares
150,000,000
01/28/2021
Outstanding Shares
84,032,218
01/28/2021
Restricted
21,717,682
01/28/2021
Unrestricted
62,314,536
01/28/2021
Held at DTC
60,124,543
01/28/2021
Float
55,581,883
11/12/2019
sam1933
3 years ago
Leafbuyer Technologies Optimizes Site to Include Delivery Businesses
8:00 AM ET 1/20/21 | Dow Jones
Company Will Use Enhanced Features to Grow Delivery Client Base
DENVER, CO / ACCESSWIRE / January 20, 2021 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, announced today the launch of new functionality on Leafbuyer.com to help cannabis delivery businesses connect with cannabis consumers.
"By adding the delivery vertical to our platform, we really have a complete 360-degree penetration into the consumer cannabis market. The delivery market has grown significantly during the pandemic and many of our clients have requested this," said Kurt Rossner, CEO of Leafbuyer. "Now, with this website development, we are ensuring that cannabis patients and consumers can easily discover and order from our delivery clients."
The Company launched a new delivery hub on Leafbuyer.com to serve as the central destination for consumers seeking cannabis delivery businesses in their area. After determining the user's location, the delivery hub will help the user evaluate delivery businesses where they can place an online order. Because the Leafbuyer app also has an intuitive delivery ordering experience, this new development on the Leafbuyer website ensures that the entire consumer-facing platform is optimized for cannabis delivery businesses.
One of Leafbuyer's key differentiating factors is its large audience of cannabis patients and consumers. While other technology providers may also provide texting, loyalty, and online ordering solutions, they do not have a wide audience to direct toward their client base. This new functionality will help Leafbuyer appeal to consumers seeking cannabis delivery and will drive a greater ROI for its ongoing delivery clients.
"Several factors convinced us to focus on delivery businesses this year, " Rossner continued. "Colorado, one of our most important markets, is currently implementing delivery, and we want to ensure that Leafbuyer.com is the preferred destination for consumers looking to make a purchase. The global pandemic also dramatically accelerated the growth of delivery in several markets. We anticipate that a sizable portion of consumers will continue having their cannabis delivered after the pandemic is over, so we are positioning ourselves to provide this need."
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive marketing technology providers in the cannabis industry. Hundreds of cannabis businesses use the Leafbuyer texting and loyalty platform and the Custom App solution to engage with current and potential customers. Leafbuyer.com is a robust online resource for cannabis consumers, and the company's partnerships with other websites have created a national network of cannabis deals and information that 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 https://www.Tech.Leafbuyer.com
Contacts
Leafbuyer Technologies, Inc.
Vida Almich, +720-427-3927
vida@leafbuyertech.com
Deetew
4 years ago
"We made a strong pivot at the start of the pandemic, and it is paying off. Exceeding our sales goals is a major focus of the organization," said Kurt Rossner, CEO of Leafbuyer. "By creating the highest quality, technology-driven products and using these innovations to secure new clients, we look to continue this momentum and achieve our goal of profitability in the very near future."
texas_gal
4 years ago
Leafbuyer Technologies, Inc. Announces Record Sales Month for Dispensary Vertical
8:01 AM ET 8/12/20 | Dow Jones
Cannabis Technology Company Records 64% Sales Growth During Pandemic
DENVER, CO / ACCESSWIRE / August 12, 2020 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, announced today that its monthly cash sales rose 64% in the month ending July 31, 2020. The increase reflects dispensary cash sales booked in the month versus the same month of the previous year.
Leafbuyer's development of new technologies, sales and marketing initiatives, and point of sale integrations account for the year-over-year success.
"We made a strong pivot at the start of the pandemic, and it is paying off. Exceeding our sales goals is a major focus of the organization," said Kurt Rossner, CEO of Leafbuyer. "By creating the highest quality, technology-driven products and using these innovations to secure new clients, we look to continue this momentum and achieve our goal of profitability in the very near future."
The Company has made significant progress in recent months by developing advanced Leafbuyer Loyalty "wallet" features, bolstering its texting platform, integrating with major POS companies, and launching new marketing channels designed to enhance Leafbuyer's value proposition and attract more customers.
"I am extremely excited about our direction and the advancements the Leafbuyer team has made over the last year," continued Rossner. "We will continue to execute our strategic initiatives and position Leafbuyer Technologies as a dominant player in the cannabis industry."
To learn more about Leafbuyer, visit Tech.Leafbuyer.com.
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive technology and communication software providers for the cannabis industry. Leafbuyer.com is an all-inclusive online resource 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 Tech.Leafbuyer.com.
CONTACT:
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
aleonard@leafbuyer.com
SOURCE: Leafbuyer Technologies, Inc.
View source version on accesswire.com:
https://www.accesswire.com/601269/Leafbuyer-Technologies-Inc-Announces-Record-Sales-Month-for-Dispensary-Vertical
> Dow Jones Newswires
August 12, 2020 08:01 ET (12:01 GMT)
tchalla
4 years ago
sorry. dilution here:
During the year ended June 30, 2019, the Company entered into several promissory notes with various investors of the Company with a face value of $960,000 in exchange for a total of $900,000 cash payments (“the Notes”). The Notes have a beneficial conversion feature valued at $839,378, which is recorded as a discount. The total discount on the Notes will be amortized over the life of the Notes and recorded as interest expense. The notes have an interest rate of 7% and have an eighteen-month term with no payment required for the initial six months; after six months, the Company will repay the investors interest and principle in twelve equal installments. The principle and interest of the note is convertible into the Company’s common stock at a purchase price of $0.75 per common share at any time after the Original Issue Date. If the Company defaults on the Notes, the interest is increased to 15% and at the investors’ option, the principle and interest can be converted into the Company common stock at a 20% discount to the then current market price. As of March 31, 2020, $533,000 of the Notes have been fully extinguished as $402,000 of debt repayment and the issuance of common stock valued at $131,000. The remaining principal of $390,125 is due August 2020. The unamortized discounts to the note as of March 31, 2020 are $196,277.
During the quarter ended March 31, 2020, the Company entered into a promissory note with a face value of $600,000 in exchange for a total of $565,000 cash payments. The total discount the Note will be amortized over the life of the Note and recorded as interest expense. The note has an interest rate of 8% and matures on December 1, 2020.
During the quarter ended March 31, 2020 the Company entered into a promissory note with a face value of $50,000. The note has an interest rate of 8% and matures on January 1, 2021.
texas_gal
4 years ago
Leafbuyer Technologies, Inc. Announces Loyalty Integration with Cova POS
8:01 AM ET 8/6/20 | Dow Jones
DENVER, CO / ACCESSWIRE / August 6, 2020 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading technology company within the cannabis industry, and Cova, an award-winning point of sale and inventory management platform for dispensaries, announced today an integration that populates customer loyalty profiles with transaction information. The integration enables new features for dispensaries that use both Leafbuyer Loyalty, the Company's texting and loyalty platform, and Cova.
"This new integration provides significant value to clients of Leafbuyer and Cova," said Kurt Rossner, CEO of Leafbuyer. "Dispensaries that use both platforms will now have access to advanced features in the new Leafbuyer Loyalty web app. These features will lead to increased growth of our loyalty platform in markets like Oklahoma where Cova is a dominant player."
"Good loyalty programs build trust, and they work best when they're built on reliable data," stated Gary Cohen, CEO of Cova. "Connecting these two high-tech platforms helps dispensaries get accurate, reliable information to better leverage the customer retention tools at their disposal. It gives them the flexibility to provide a more personalized shopping experience."
The integration has two main benefits. First, Leafbuyer Loyalty will automatically pull sales data from Cova, syncing customers' purchase data with their loyalty profiles. Loyalty systems generally operate on a points-per-visit or points-per-spend basis. While the latter is most effective, it is typically time-intensive and prone to user error. With this integration, dispensaries can seamlessly run a points-per-spend loyalty program with no extra effort required. Once a customer "checks in" at the dispensary and makes a purchase, the purchase details are linked with the Leafbuyer Loyalty account.
The second benefit relates to the Leafbuyer Loyalty "wallet" feature. Dispensaries that use Leafbuyer Loyalty can offer their customers digital "wallets" which show transaction history, current loyalty points, and a messaging center through a web app interface. The new integration enables Leafbuyer Loyalty to pull exact purchase information, giving the wallet a more robust and detailed purchase history.
"We look forward to rolling out the enhanced features to all shared clients of Cova and Leafbuyer Loyalty while also using the integration to secure new dispensary clients," continued Rossner. "Automating these technologies improves client satisfaction rates that will bolster bottom line revenue and operational efficiencies."
To learn more about Leafbuyer, visit Tech.Leafbuyer.com. To learn more or request a demo of Cova, visit CovaSoftware.com.
About Cova
Cova is an award-winning dispensary POS and Inventory Management platform designed to streamline cannabis retail. A compliance-first company, Cova meets all seed-to-sale system requirements in every market served, and constantly adapts to changing laws and regulations to make compliance simple for owners and employees. Cova offers an intuitive, user-friendly design and lightning-fast transaction time. Its robust technology platform currently powers more than 1000 cannabis stores of all sizes and verticals, with virtually no downtime, even on 4/20, making it the most reliable cannabis POS system available. Headquartered in Denver, CO and Vancouver, BC, Cova's team spans Canada and the US. Learn more at CovaSoftware.com.
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive technology and communication software providers for the cannabis industry. Leafbuyer.com is an all-inclusive online resource 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 Tech.Leafbuyer.com.
CONTACT:
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
aleonard@leafbuyer.com
SOURCE: Leafbuyer Technologies, Inc.
View source version on accesswire.com:
https://www.accesswire.com/600532/Leafbuyer-Technologies-Inc-Announces-Loyalty-Integration-with-Cova-POS
> Dow Jones Newswires
August 06, 2020 08:01 ET (12:01 GMT)
texas_gal
4 years ago
Leafbuyer Technologies, Inc. Announces Significant Enhancements to Loyalty Wallet for Dispensaries
8:00 AM ET 7/15/20 | Dow Jones
Related Quotes
12:11 PM ET 7/17/20
Symbol Last % Chg
LBUY
0.08 -1.92%
Real time quote.
Improvements to Enhance Deliverability and Communications Needed During Pandemic and Lockdowns
DENVER, CO / ACCESSWIRE / July 15, 2020 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology platform, announced today upgrades to its loyalty wallet solution for dispensaries. The result is an innovative software solution, increasing Leafbuyer client's text message deliverability rates and offering considerably more features to the end consumer.
"Greater deliverability and an improved consumer experience are anticipated to increase demand for our loyalty platform," said Kurt Rossner, CEO of Leafbuyer. "We anticipate this demand could boost revenue up to 25% and help us hit our profitability goals ahead of schedule."
The Leafbuyer loyalty web app features a branded wallet that gives cannabis consumers access to their purchase history and earned loyalty rewards. The software development includes several notable additions. The new Message Center will ensure that dispensaries' marketing messages of any length are delivered to their customers. In addition, each consumer will be able to scroll through the entire message history and update their preferences via a customized Consumer Preference Center.
"This technology provides an exceptional marketing ROI for our customers, " continued Rossner. "Enterprise dispensary brands are seeking control over their brand presentation and need communication solutions beyond SMS and MMS. The new features will serve these needs and help Leafbuyer appeal to more multi-state operators."
Leafbuyer realizes revenue from the sales of its texting and loyalty application, online ordering platform, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive technology and communication software providers for the cannabis industry. Leafbuyer.com is an all-inclusive online resource 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
Contacts
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
aleonard@leafbuyer.com
Cautionary Statement Regarding Forward-Looking Information
Safe Harbor Statement
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.
View source version on accesswire.com:
https://www.accesswire.com/597498/Leafbuyer-Technologies-Inc-Announces-Significant-Enhancements-to-Loyalty-Wallet-for-Dispensaries
> Dow Jones Newswires
July 15, 2020 08:00 ET (12:00 GMT)
texas_gal
4 years ago
Leafbuyer Technologies, Inc. Reports Substantial Growth in Oklahoma
8:00 AM ET 6/30/20 | Dow Jones
Related Quotes
12:11 PM ET 7/17/20
Symbol Last % Chg
LBUY
0.08 -1.92%
Real time quote.
Booked Sales in Oklahoma Increases 43% Quarter Over Quarter
DENVER, CO / ACCESSWIRE / June 30, 2020 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology platform, announced today its booked sales in Oklahoma has seen a 43% increase for the quarter ending June 30, 2020 compared to the previous quarter.
"We're extremely pleased with the success in Oklahoma and we will continue to focus our marketing and sales efforts toward our texting, loyalty, and online ordering platforms," said Kurt Rossner, CEO of Leafbuyer. "This progress provides huge momentum and sets a solid foundation for the remainder of 2020."
As Oklahoma medical marijuana sales skyrocket, the Company continues to diversify its revenue streams through the advancement of its technology solutions and through executing its emerging market strategies.
"The development of our technologies along with increased texting and loyalty sales account for our quarter over quarter success," stated Rossner. "With over 2000 dispensary licenses in the state of Oklahoma, it is important we establish market share and offer the highest-quality technology solutions in the industry."
Leafbuyer realizes revenue from the sales of its texting and loyalty application, online ordering platform, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive technology and communication software providers for the cannabis industry. Leafbuyer.com is an all-inclusive online resource 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
CONTACTS:
Leafbuyer Technologies, Inc.
Andre Leonard
+720-432-5593
aleonard@leafbuyer.com
Cautionary Statement Regarding Forward-Looking Information
Safe Harbor Statement
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.
View source version on accesswire.com:
https://www.accesswire.com/595716/Leafbuyer-Technologies-Inc-Reports-Substantial-Growth-in-Oklahoma
> Dow Jones Newswires
June 30, 2020 08:00 ET (12:00 GMT)
texas_gal
4 years ago
Leafbuyer Technologies, Inc. Provides Update on Operating Financial Performance
8:00 AM ET 6/24/20 | Dow Jones
Projected to Become Operational Cash Flow Positive Within the Next Quarter
DENVER, CO / ACCESSWIRE / June 24, 2020 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology platform, announced today an update regarding the company's progress to becoming cash flow positive on an operational basis. Company management is forecasting it could achieve a cash flow positive position within the next quarter. This financial progression is attributed to increasing monthly recurring revenue and neutral expenditures.
"As our revenue continues to accelerate, we are on track to become operational cash flow positive in the next quarter," stated Kurt Rossner, CEO of Leafbuyer.
Leafbuyer Technologies recently experienced 44% revenue growth and the Company's management is forecasting accelerated revenues for the remainder of 2020.
"I am pleased that we are very close to achieving this milestone. Since Fall 2019, we have been positioning Leafbuyer to become cash positive and steadily building momentum. I am excited about the opportunities this creates to scale revenue and generate cash flow. We will continue our focus on providing our clients with the highest-quality technologies in the cannabis industry." stated Rossner. "
Leafbuyer realizes revenue from the sales of its texting and loyalty application, online ordering platform, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.
Gaining Momentum: Leafbuyer Building Value for Shareholders
-- The Company experienced a record quarter in the quarter ending March 31,
2020.
-- The Leafbuyer enterprise texting tool is on pace for 63% quarter to
quarter growth as a result of new sales and client upgrades.
-- The development team rolled out a comprehensive cannabis mobile
application as well as a web application ordering solution that allows
dispensaries to offer pickup and delivery options from their own
websites.
-- The Leafbuyer sales team secured long-term contracts with powerhouse
dispensary chains like Terrapin and Lightshade.
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive technology and communication software providers for the cannabis industry. Leafbuyer.com is an all-inclusive online resource 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
Contacts:
Leafbuyer Technologies, Inc.
Andre Leonard
+720-432-5593
aleonard@leafbuyer.com
Cautionary Statement Regarding Forward-Looking Information
Safe Harbor Statement
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.
View source version on accesswire.com:
https://www.accesswire.com/595025/Leafbuyer-Technologies-Inc-Provides-Update-on-Operating-Financial-Performance
> Dow Jones Newswires
June 24, 2020 08:00 ET (12:00 GMT)
texas_gal
4 years ago
Leafbuyer Technologies, Inc. Reports Massive SMS Platform Growth
8:01 AM ET 6/18/20 | Dow Jones
63% Quarter to Quarter Texting Growth
DENVER, CO / ACCESSWIRE / June 18, 2020 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology platform, is experiencing substantial usage increases within its texting and loyalty platform. Text credit volume is on pace to grow 63% for the quarter ending June 30, 2020 versus the previous quarter. The increase is a direct result of new sales and client upgrades on the platform. In response to the global pandemic, the company pivoted in March of 2020, which has contributed to the high demand.
"We are continuing to make significant strides to achieve our revenue goals," said Kurt Rossner, CEO of Leafbuyer. "Increased usage of our texting and loyalty platform is a leading indicator of our escalating monthly recurring revenue and positions us to meet our cash flow goals."
"We are providing our clients with the highest-quality marketing technologies in the cannabis industry. Demand for these products continues to accelerate," stated Rossner. "We're forecasting this trend will gain momentum, leading to significant recurring revenue gains by the end of 2020."
Leafbuyer realizes revenue from the sales of its marketing technology platforms, which drive cannabis consumers to dispensaries and product companies across the country. The Company's primary solutions include a texting and loyalty application, an online ordering platform, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive technology and communication software providers for the cannabis industry. Leafbuyer.com is an all-inclusive online resource 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
Contacts
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
aleonard@leafbuyer.com
Cautionary Statement Regarding Forward-Looking Information
Safe Harbor Statement
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.
View source version on accesswire.com:
https://www.accesswire.com/594319/Leafbuyer-Technologies-Inc-Reports-Massive-SMS-Platform-Growth
> Dow Jones Newswires
June 18, 2020 08:01 ET (12:01 GMT)
texas_gal
4 years ago
Leafbuyer Technologies, Inc. Announces Strong Growth
8:00 AM ET 5/20/20 | Dow Jones
44% Year Over Year Revenue Growth - Operating Expenses Remain Level
DENVER, CO / ACCESSWIRE / May 20, 2020 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology platform, announced today that revenue grew 44% year-over-year in the nine months ending March 31, 2020. The growth reflects the revenue booked in the period versus the same period one year ago. Along with increased revenue growth, the Company announced minimal operation expense increases in the same period.
"With year over year revenue increases and controlled operational expenses, we are in an extremely strong position and on pace to meet our cash flow goal this summer," stated Kurt Rossner, CEO of Leafbuyer. "Our focus on providing our clients with industry-leading texting, loyalty, and online ordering platforms is a major contributor to our success."
Leafbuyer's 44% year-over-year growth rate is more than triple the industry's projected compound annual growth rate of 14%, according to New Frontier Data. Progress is attributed to increased sales and high customer retention.
The Company's management is forecasting significantly less cash burn for the remainder of 2020.
Due to the social distancing requirements of COVID-19, Leafbuyer has experienced increased demand for its order ahead and delivery solutions. Cannabis dispensaries, which are considered essential businesses in most states, are pursuing online ordering and communication tools to maintain relevancy in a competitive environment.
"Our product offering is highly valuable in the current cannabis industry landscape," stated Rossner. "We have intentionally concentrated our technical focus over the past year to ensure that our key platforms lead the industry."
Leafbuyer realizes revenue from the sales of its marketing technology platforms, which drive cannabis consumers to dispensaries and product companies across the country. The Company's primary solutions include a texting and loyalty application, online ordering platforms, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive technology and communication software providers for the cannabis industry. Leafbuyer.com is an all-inclusive online resource 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
Contacts:
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
aleonard@leafbuyer.com
Cautionary Statement Regarding Forward-Looking Information
Safe Harbor Statement
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.
View source version on accesswire.com:
https://www.accesswire.com/590627/Leafbuyer-Technologies-Inc-Announces-Strong-Growth
> Dow Jones Newswires
May 20, 2020 08:00 ET (12:00 GMT)
INEEDMONEY
4 years ago
Share Structure
Market Cap Market Cap
5,536,888
03/19/2020
Authorized Shares
150,000,000
02/24/2020
Outstanding Shares
80,244,752
02/24/2020
Restricted
22,986,701
02/24/2020
Unrestricted
57,258,051
02/24/2020
Held at DTC
55,173,305
02/24/2020
Float
55,581,883
11/12/2019
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