Technologies, Inc. (OTCMKTS: LBUY) (“Leafbuyer” or “the Company”) a
leading cannabis technology and marketing platform, announced today that
quarterly cash sales growth rose 36% year over year in the quarter
ending March 31, 2019. The increase reflects the cash sales booked in
the quarter versus the same quarter of the previous year.
Platform enhancements, including blockchain, order ahead, and Leafbuyer
Loyalty, as well as a bolstered, specialized, multi-state sales team and
diverse product offerings, account for the year over year success.
“This growth provides momentum and a solid foundation for 2019. As we
increase our national footprint and expand our industry leading
platform, we’re forecasting significant sales gains through the
remainder of the year,” said Kurt Rossner, CEO of Leafbuyer.
Leafbuyer continues to expand into newly legal, medical and recreational
markets across the country as proposed cannabis-friendly legislation is
signed into law. The company strives to implement client and consumer
acquisition and retention solutions into previously untapped markets to
boost bottom line revenue.
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.