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Financial Highlights:
- Profitable: Net Income of $95,397 in Q2 from a Net loss of $1,373,858 in the prior year
- Revenue rose 45% from $923,829 to $1,341,750 in the second quarter of fiscal year 2022
- Gross Profit increased 174% from $261,770 to $716,146 in the same period
- Operating Expenses decreased 23% from $750,675 to $579,978
Denver, CO – February 15, 2023 – Leafbuyer Technologies (OTCQB: LBUY) (“Leafbuyer” or “the Company”) a leading cannabis technology and marketing platform, announced today that quarterly revenue rose 45% year over year in the quarter ending December 31, 2021. The company also announced that it achieved profitability for the quarter.
The financial data reflects the GAAP revenue booked in the quarter versus the same quarter of the previous year.
Kurt Rossner, Chief Executive Officer of Leafbuyer, stated, “We achieved the best quarter in the Company’s existence, even though we streamlined costs and automated many systems. Our growth was significantly higher than the industry average and we are now one of the few publicly traded cannabis marketing firms that are profitable.
Our goal is to continue this growth and increase earnings as we build industry leading products. We look to launch some significant updates and enhancements to our platform in 2023 as we continue to scale nationally”.
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.
Learn more at http://www.tech.leafbuyer.com/
Contact:
Leafbuyer Technologies, Inc.
Vida Almich 720.427.3927
vida@leafbuyertech.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.
Combination to Double Company’s Current Revenue
Denver, CO – June 5, 2019 – Leafbuyer Technologies, Inc. (OTCQB:LBUY) (“Leafbuyer” or “the Company”) announced today a non-binding letter of intent to acquire majority stake in Las Vegas-based trade show operation CBD.io. CBD.io operates one of the largest and most visible expos in the CBD and vape industries.
The agreement additionally includes an ownership stake in an e-commerce website for wholesale and retail CBD products. Additional terms of the deal were not disclosed.
CBD is the common name for Cannabidiol, a prevalent, non-psychoactive cannabinoid found in cannabis. Preliminary research shows CBD may help relieve pain, anxiety, and other ailments.
“CBD has become a pop culture phenomenon, and trade shows are a lucrative and unsaturated sector of the industry,” said Kurt Rossner, CEO of Leafbuyer. “CBD.io is a profitable company and has a proven financial model that will increase Leafbuyer’s top line and be a powerful driver for earnings. The significant advantage of this acquisition is the ability for Leafbuyer to drive tremendous brand exposure to another fast-growing segment of the industry. Last year, CBD.io sold nearly 200 booths, this year we will cross sell our platform of over 400 clients and look to double that. We will be uniquely positioned to offer a true 360 solution to customers. Our product clients can access millions of consumers through digital and in-person methods to spread brand awareness and increase profits.”
The acquisition would double Leafbuyer’s current revenue run rate.
“In 2018, CBD.io hosted one of the largest and most successful hemp and CBD industry expos in the United States. We’re expanding this year to focus on more speakers and educational series, host nearly double the booths, and bring more value to our trade show clients,” said CBD.io CEO Robb Hackett. “CBD is a hot commodity in the United States, as well as other countries around the world. With Leafbuyer, we have our sights set on locations for trade show expansion in both Europe and Asia in 2020.”
The next CBD.io trade show will be held at the Las Vegas Convention Center on November 22-23, 2019.
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.
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.
Company’s Growth Rate Accelerates to 70% Year Over Year
Denver, CO – May 16, 2019 – Leafbuyer Technologies, Inc. (OTCQB: LBUY) (“Leafbuyer” or “the Company”), a leading cannabis marketing and technology platform, announced today its quarterly sales increased 70% in the quarter ending March 31, 2019. The growth reflects the revenue booked in the quarter versus the same quarter of the previous year.
Leafbuyer’s 70% year-over-year growth rate is more than double the industry’s national average of 26.7%, according to Arcview Market Research and BDS Analytics.
“Leafbuyer continues to accelerate revenue growth quarter to quarter. The results reflect our aggressive sales strategy and ongoing efforts to drive more value to our dispensary and product clients. The diversification of our revenue streams continues as we expand our loyalty platform nationwide. We plan to continue aggressively growing our client base with a constant eye for the right acquisition partners,” said Kurt Rossner, CEO of Leafbuyer.
Leafbuyer garners revenue from the sales of its sophisticated marketing technology platforms, which drive cannabis consumers to dispensaries and product companies. The solutions include texting/loyalty, mobile application-based order ahead, blockchain, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.
“We plan to double our sales and support teams by Fall 2019 to manage the increased demand for our products and services,” said Rossner.
About Leafbuyer
Leafbuyer.com is one of the most comprehensive online sources for cannabis deals and information. Leafbuyer works alongside cannabis businesses to showcase their unique products and build a network of loyal patrons. The Company’s online network reaches millions of marijuana consumers every month. Leafbuyer is the official cannabis deals platform of LA Weekly, Voice Media Group, Dope Media, Grasscity, and The Stranger.
Learn more at 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.
Contacts
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
aleonard@leafbuyer.com
Company also Names Regional Director
Denver, CO – April 23, 2019 – Leafbuyer Technologies, Inc. (OTCQB: LBUY) (“Leafbuyer” or “the Company”), a leading cannabis technology platform, announced today the rollout of its cutting edge delivery technology to complement its order ahead mobile application.
This week’s preliminary beta launch includes dispensaries in California and other states with legal cannabis delivery laws. Dispensaries in states like California, Arizona, Nevada, and Washington can now add delivery to their list of offerings through the Greenlight mobile application. Consumers can place an order for cannabis products to be delivered from a participating dispensary much the same way a person can order a pizza through a mobile application. The market for delivery is expected to exponentially grow in the next two years.
“The addition of this new technology will allow us to monetize our consumer base through a fee generated from each transaction,” said Kurt Rossner, CEO of Leafbuyer. “We’ll be able to penetrate thousands of new dispensaries and delivery companies in legal markets by offering this delivery solution. Leafbuyer will not physically deliver the products, rather we will hand off the ‘last mile’ to our delivery and dispensary partners.”
The implementation of delivery and other regional initiatives will fall under the purview of recently-appointed West Coast Regional Director of Sales, Scott Tretsky.
With more than 15 years of sales and management experience in the software and services fields and a relentless plan-and-execute mentality, Scott has a proven track record of starting up and building successful sales and account management organizations.
“Scott’s hands-on approach to building and scaling sales teams will be instrumental as our plan for 2019 is to focus on the continued sales execution of West Coast markets while doubling the salesforce by this fall,” said Mark Breen, COO of Leafbuyer.
A full-scale rollout of the delivery technology to all legal markets where delivery is available is expected in May.
About Leafbuyer
Leafbuyer.com is one of the most comprehensive online sources for cannabis deals and information. Leafbuyer works alongside cannabis businesses to showcase their unique products and build a network of loyal patrons. The Company’s online network reaches millions of marijuana consumers every month. Leafbuyer is the official cannabis deals platform of LA Weekly, Voice Media Group, Dope Media, Grasscity, and The Stranger.
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.
Denver, CO – April 18, 2019 – Leafbuyer Technologies, Inc. (OTCQB: LBUY) (“Leafbuyer” or “the Company”) a leading cannabis technology and marketing platform, announced today the establishment of the Company’s first satellite office in Los Angeles, California. The initiative is in addition to the Company’s original headquarters based in Denver, Colorado.
The Los Angeles satellite office will become the primary regional office for several Western states, including California, Washington, Oregon, Arizona, and Nevada. This shift allows the Company’s national footprint to expand, enabling sales initiatives to be more heavily focused on newly legal Midwestern and Eastern states, including Oklahoma, Michigan, Maryland, Massachusetts, and others.
“California is now a mature recreational and medical cannabis market, which makes this the opportune time to establish a secondary operation in the southern part of this industry-leading state,” said Kurt Rossner, CEO of Leafbuyer.
Company founders have officially hired a key director to spearhead the sales-centric operation in Los Angeles. The director’s name and credentials have not yet been disclosed.
With the help of California-based leadership, Leafbuyer plans to double the number of national sales representatives by Fall 2019.
About Leafbuyer
Leafbuyer Technologies is a multi-platform cannabis technology company connecting consumers with dispensaries and product companies through online, loyalty, print, and in-person initiatives. Leafbuyer.com, known as the “Priceline of Pot”, promotes its clients’ deals and information through its cannabis media network, which reaches millions of consumers every month. Leafbuyer is the official cannabis deals platform of LA Weekly, Voice Media Group, Dope Media, Grasscity, and The Stranger.
Learn more at 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.
Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
aleonard@leafbuyer.com
Source: Leafbuyer Technologies, Inc.
About Leafbuyer Technologies
LEAFBUYER TECHNOLOGIES, INC. IS THE LARGEST CANNABIS DEALS NETWORK IN THE NATION.
Founded in 2012, we partner with cannabis dispensaries and product companies across the United States to bring the best legal cannabis deals to consumers. We’ve also been clouted as the industry’s first one-stop-shop for cannabis advertising, education, and information.
Our business plan includes expanding into every state in the U.S. ‐ We’ve exceeded every goal we’ve set for ourselves! As soon as a state changes its policy toward medical or recreational legalization, we 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.
Source: https://www.leafbuyer.com/
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