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Leafbuyer Technologies Reports Revenue Growth More Than Double Than The Industry Average.

Byline: Nina Zdinjak

Leafbuyer Technologies, Inc. (OTC: LBUY) reported 59% higher revenue in the fiscal year that ended June 30, compared to the previous year.

The increase represents more than double than the industry average, the company said, referring to an Arcview and BDS Analytics report that claims the current industry growth average is 24%.

"We have spent the last fiscal year optimizing our platforms to outpace our competitors and offer unrivaled technology solutions for the cannabis industry," Kurt Rossner, CEO of Leafbuyer said in a statement. "Our sales team continues to execute Leafbuyer's strategy and is continuing its momentum heading into fall."

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Per the press release, Leafbuyer Technologies broadened its national footprint over the last year, reaching states such as Oklahoma and California, among others. This has helped the company attain a bigger audience and to create customized sales initiatives.

In addition, the company said it has enriched its marketing platform by adding texting and loyalty products.

"Loyalty has been the fastest growing segment of our company, and we look forward to continued that growth in 2020," said Rossner.

Price Action

Leafbuyer Technologies' shares closed Tuesday's market session at 15 cents per share.

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Author:Nina Zdinjak
Publication:Benzinga.com
Date:Sep 25, 2019
Words:292
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