Leafbuyer Technologies, Inc. (LBUY) (“Leafbuyer”), a leading cannabis technology platform, announced today that its quarterly sales rose 68% in the quarter ending December 31, 2018. The increase reflects the revenue booked in the quarter versus the same quarter of the previous year.
“This announcement of record-setting growth follows the Company’s major industry moves, including the launch of both the Leafbuyer Wallet and Leafbuyer Loyalty, as well as the acquisition of California-based, order-ahead application Greenlight in the last quarter,” said Mark Breen, COO of Leafbuyer. “Our cannabis dispensary and product customers see the exceptional value in the services we offer, and we will continue to diversify our platforms to more thoroughly serve their needs.”
“Our national footprint continues to widen as we promote our services in all legal markets across the United States and Canada,” said Kurt Rossner, CEO of Leafbuyer. “Our revenue grows as the time-saving and valuable benefits we implement continue to evolve and our sales and marketing resources expand.”
Recent legalization efforts in states like New York and New Jersey, if passed, will allow larger populations access to cannabis and provide a monetary boost to the industry. According to Arcview Market Research, the legal cannabis industry will see growth from $9.2 billion in 2017 to roughly $47.3 billion by 2027 in North America.
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.