Leafbuyer Stock Price, News & Analysis

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.

Leafbuyer Technologies (OTCQB:LBUY), a cannabis technology leader, is launching its new Smart Technology platform, its largest product launch to date. This includes the Smart App, a customizable mobile solution designed for cannabis dispensaries and delivery services, which aims to enhance customer loyalty and business optimization. Additional products like an Analytics Dashboard and a LIVE deals feature are also in development. With these innovations, Leafbuyer is positioning itself to attract new clients and ensure long-term partnerships.

Leafbuyer Technologies (OTCQB:LBUY) announced a new integration with Greenbits, enhancing loyalty data synchronization for cannabis retail businesses. This integration enables clients to access advanced features, making the Leafbuyer texting and loyalty platform more appealing. Dispensaries can now run a seamless points-per-spend loyalty program with minimal effort. The integration positions Leafbuyer to expand its market reach and attract new clients, as it rolls out these features to shared clients of both platforms.

Leafbuyer Technologies (OTCQB:LBUY) announces a strategic integration with Treez, a leading POS platform for cannabis businesses. This partnership enables automated loyalty sign-ups and transaction data synchronization, streamlining customer acquisition for dispensaries. Shared clients can now access remote sign-ups through the Leafbuyer Loyalty app, enhancing customer data collection. Additionally, sales data from Treez will automatically sync with loyalty profiles, improving loyalty program efficiency. This integration is set to roll out immediately, positioning Leafbuyer for growth in competitive markets.

Leafbuyer Technologies (OTCQB:LBUY) reported a 41% increase in annual revenue for the fiscal year ending June 30, 2020, significantly outperforming the cannabis industry average of 14%. Gross profit rose 52%, while operational expenses decreased 18%. The company enjoyed a 116% rise in new customers on its texting platform and a 179% increase in texting credit usage. Their average annual revenue growth rate over the last two years stands at 50%. Leafbuyer anticipates continued growth through new technologies and market expansion.

Leafbuyer Technologies (OTCQB:LBUY) reported a 32% increase in collected billings from June to August 2020 compared to the previous three months. This growth rate significantly outpaces the cannabis industry's average of 14%. The rise is attributed to high customer retention and recurring revenue from the dispensary sector. CEO Kurt Rossner expressed optimism for continued growth, citing successful initiatives aimed at enhancing collections. The company generates revenue from its texting and loyalty app, online ordering platform, and website services.

Leafbuyer Technologies, Inc. (OTCQB:LBUY) reported a 33% year-over-year increase in its texting and loyalty platform usage by August 2020, reaching record volumes for text credits. This growth is attributed to a strong shift in strategy initiated in April, leading to a 62% rise in average monthly MMS messages. The company aims to aggressively onboard new clients to further capitalize on the expanding demand for its services. Leafbuyer provides technology solutions for cannabis businesses, enhancing their communication and customer engagement.