LEAFBUYER TECHNOLOGIES - LBUY STOCK NEWS

Leafbuyer Technologies (OTCQB:LBUY) achieved record sales in August 2021, marking the highest monthly sales total in the company's history. The surge is attributed to strong demand and an expanded product offering, alongside the addition of over 100 new clients in the past four months. CEO Kurt Rossner expressed optimism about the company's growth trajectory and upcoming enhancements to its platform, aiming for continued above-market growth. Leafbuyer continues to be a key player in the cannabis technology sector, providing marketing solutions for cannabis businesses.

Leafbuyer Technologies (OTCQB:LBUY) has announced the launch of a new mobile app product called CANNALERT to enhance communication between cannabis dispensaries and consumers. This app integrates online ordering, messaging, deal alerts, and loyalty programs, ensuring nearly 100% message delivery via push notifications, which avoids SMS costs and legal challenges. CEO Kurt Rossner anticipates full deployment within 60 days, believing the app will drive ROI by providing reliable marketing communication for dispensaries.

Leafbuyer Technologies (OTCQB:LBUY) reported a robust financial performance for the quarter ending March 31, 2021, with revenues increasing by 17% year-over-year. The company also significantly reduced operating expenses by 43%, achieving its first profitable quarter as a public entity with over $100,000 in profits compared to a loss exceeding $1 million in the prior year. The shift towards a SaaS model has enhanced efficiency and recurring revenue streams, fueling further growth and innovation in its product offerings.

Leafbuyer Technologies has announced an integration with LeafLogix, enhancing its loyalty technology platform for dispensaries. This partnership allows dispensaries using LeafLogix POS systems to integrate seamlessly with Leafbuyer's technology, enabling features like loyalty point checks, reward redemptions, and pre-order capabilities through a branded app. COO Mark Breen emphasized the potential for growth in new markets, while CEO Kurt Rossner highlighted the importance of such partnerships for customer engagement. The integration aims to enhance consumer experiences in the cannabis market.

Leafbuyer Technologies (OTCQB:LBUY) reported a 13% increase in revenue and a 51% decrease in operating expenses for the six months ending December 31, 2020, compared to the same period in 2019. The company achieved operating positive cash flow in November and December 2020 despite a GAAP loss. CEO Kurt Rossner highlighted the shift towards a higher margin SaaS product line, aiming for organic growth in 2021 while partnering with major POS systems in the cannabis sector. The demand for order-ahead and delivery services remains strong amid pandemic-related changes.

Leafbuyer Technologies (OTCQB:LBUY) has achieved positive operational cash flow, a rare milestone in the cannabis industry. For the quarter ending September 30, 2020, revenue rose by 33%, while operating expenses decreased by 51% year-over-year. The company attributes its growth to strategic market targeting post-2020 elections and the launch of a new Smart Technology product line. CEO Kurt Rossner expressed optimism for future growth, emphasizing the potential from ongoing initiatives and market opportunities.

Leafbuyer Technologies, Inc. (OTCQB:LBUY) is expanding into newly legalized cannabis markets in states like New Jersey and Arizona. Following the 2020 elections, these states could generate over $2.5 billion in annual cannabis sales by 2024. Leafbuyer aims to target dispensaries in these markets, leveraging its expertise and existing products. The company plans to capitalize on Arizona's established medical program and New Jersey's growing recreational market, setting the stage for future growth in additional states, potentially leading to $6 billion in new business opportunities.

Leafbuyer Technologies (OTCQB:LBUY) reported a 33% increase in revenue and a 51% decrease in operating expenses for the quarter ending September 30, 2020, compared to the previous year. This revenue growth significantly surpasses the industry's projected 14% CAGR. The company's expansion in the cannabis market, particularly through its Loyalty and online ordering platforms, has contributed to its success. Leafbuyer anticipates becoming cash flow positive by the end of 2020.