Welcome to our dedicated page for Leafbuyer news (Ticker: LBUY), a resource for investors and traders seeking the latest updates and insights on Leafbuyer stock.
Leafbuyer Technologies, Inc. reports company developments tied to its cannabis marketing technology platform for dispensaries and cannabis brands. Recurring updates cover quarterly and annual operating results, revenue from loyalty, texting, online ordering and web application solutions, and customer acquisition tools used across legal cannabis markets in the United States.
Company news also discusses Leafbuyer.com, network partnerships for cannabis deals and information, cost controls, gross profit trends, and messaging-compliance changes affecting SMS and MMS marketing. Updates often connect operating performance with the company’s restructuring of its messaging platform for FCC 10DLC compliance and the continued commercialization of its Custom App, loyalty and order-ahead products.
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.
Leafbuyer Technologies (OTCQB:LBUY) has announced a significant integration with BLAZE, enhancing the functionality of its Leafbuyer Loyalty program. This integration enables automated loyalty sign-ups and transaction data synchronization, which streamlines customer registration for dispensaries and improves the efficiency of loyalty programs. The new features are expected to facilitate Leafbuyer’s expansion in the California market, capitalizing on BLAZE's strong presence. Customers will soon benefit from a seamless points-per-spend system and an enhanced digital wallet feature for detailed purchase histories.
Leafbuyer Technologies (OTCQB:LBUY) reported a remarkable 64% increase in monthly cash sales as of July 31, 2020, compared to the same month last year. This growth is attributed to the company's strategic pivot during the pandemic, alongside advancements in technology, marketing initiatives, and point of sale integrations. CEO Kurt Rossner expressed optimism about the company's direction, emphasizing ongoing efforts to enhance their product offerings and achieve profitability. Leafbuyer aims to position itself as a leading player in the cannabis industry through innovation and customer engagement.