[May 17, 2018] |
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Leafbuyer Technologies, Inc. Books 42% Growth in Latest Quarter
Leafbuyer
Technologies, Inc. (LBUY) ("Leafbuyer"), a leading cannabis
technology platform, announced that quarterly sales rose 42% in the
quarter ending March 31st, 2018. The increase reflects the
cash sales booked in the quarter versus the same quarter of the previous
year.
"Our growth in California is steadily increasing as we deploy marketing
dollars and manpower there," said Mark Breen, VP of Business
Development. The company reported that sales in the East Coast markets
are also increasing as more states become established. "We are focused
on Colorado and West Coast markets right now, but we have been
pleasantly surprised by growth in states like Maryland and Florida. We
plan to double our sales team, to nearly 20, by the end of the year. Our
platform enhancements and rollout will be in place soon and that should
allow our sales team to drive even more value to our customers," added
Mr. Breen.
"Our current growth is due to our expanded presence nationally. The site
traffic has increased by over 200% in the past year and our brand
awareness in markets outsid Colorado is increasing. We now have
customers in 14 states and our sales team is deployed in 5 states. Our
plan is to open regional sales offices in Southern California, Seattle
and possibly the Bay Area in the next 12 months. Expansion plans for
Canada are also in the works and we are very excited about their pending
national legalization this summer," said Kurt Rossner, CEO of Leafbuyer.
According to Arcview Market Research, the legal cannabis industry will
see growth from $9.2 billion in 2017 to over $47 billion by 2027 in
North America.
About Leafbuyer Technologies, Inc.:
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
monthly. Leafbuyer is the official cannabis deals platform of LA
Weekly, Voice
Media Group and Dope
Media.
Learn more at leafbuyer.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180517005794/en/
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