Leafbuyer Technologies, Inc. Gives Update on Loyalty Growth

Rhea-AI Summary

Leafbuyer Technologies (OTCQB:LBUY) reported significant growth in its loyalty program, achieving 92% growth in traffic and 165% increase in loyalty signups from January to September 2021. CEO Kurt Rossner emphasized the loyalty product line as core to business success, with enhancements planned for the platform. The company provides marketing technology solutions that drive cannabis consumers to dispensaries and product companies nationwide, strengthening its position in the cannabis industry.

Positive

• 92% growth in traffic over the last five months.
• 165% increase in loyalty signups from January to September 2021.
• Loyalty product line is now the core product offering.
• Plans for enhancements to the loyalty platform to drive future revenue.

Negative

• None.

Company Announces 92% Traffic Growth in the Last Five-Months and 165% Growth in Loyalty Signups This Year

DENVER, CO / ACCESSWIRE / October 20, 2021 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, announced an update of 92% growth to its loyalty growth plan over the past five months.

"The fastest growing segment of our business has seen accelerating growth. Texting signups are up 165% from January 2021 to September 2021," said Kurt Rossner, CEO of Leafbuyer Technologies. "Our loyalty product line has become our core product over the last year and it is very encouraging to see continued growth. Our loyalty product line (texting via MMS, SMS, and PUSH) has grown over 92% in the last five months alone. We plan to add some significant enhancements to the platform soon and look to build on the foundation that has been created. We are currently testing new additions that we hope to release and monetize in the coming months," Rossner added.

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.

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 Smart 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 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.

View source version on accesswire.com:
https://www.accesswire.com/668849/Leafbuyer-Technologies-Inc-Gives-Update-on-Loyalty-Growth

FAQ

What recent growth has Leafbuyer Technologies (LBUY) reported in its loyalty program?

Leafbuyer reported a 92% increase in traffic and a 165% rise in loyalty signups from January to September 2021.

What does Leafbuyer Technologies (LBUY) focus on in its business model?

Leafbuyer focuses on providing marketing technology solutions to drive cannabis consumers to dispensaries and product companies.

What are the planned enhancements for Leafbuyer's loyalty platform?

Leafbuyer plans to introduce significant enhancements to its loyalty platform in the coming months as part of its growth strategy.

How has Leafbuyer Technologies (LBUY) positioned itself in the cannabis industry?

Leafbuyer is a leading cannabis technology provider with a focus on loyalty programs, mobile applications, and consumer engagement.