Leafbuyer Stock Price, News & Analysis

Leafbuyer Technologies, Inc. (OTCQB:LBUY) is a cannabis technology and marketing platform that focuses on connecting cannabis businesses with consumers through digital tools and online resources. The company is described in its news releases as one of the most comprehensive marketing technology providers in the cannabis industry, with hundreds of cannabis businesses using its platforms. Leafbuyer operates in the information sector and is classified under "All Other Telecommunications," reflecting its focus on technology-enabled communication and marketing services for cannabis-related enterprises.

According to multiple company announcements, Leafbuyer generates revenue from the sale of its marketing technology platforms, which are designed to drive cannabis consumers to dispensaries and product companies across the country. These platforms include loyalty programs, texting services, mobile application-based order-ahead capabilities, online ordering, and web application solutions. The company also highlights the use of its technology by cannabis businesses to engage with both current and potential customers.

A central part of Leafbuyer’s business is the Leafbuyer texting and loyalty platform, which is used by hundreds of cannabis businesses. This platform enables businesses to maintain direct communication with their customers and to build repeat engagement. Leafbuyer has also referenced a Custom App solution and a Smart App solution in its press releases, which are used by cannabis businesses to support customer interaction and ordering workflows.

Leafbuyer operates the website Leafbuyer.com, which is described in company materials as a robust online resource for cannabis consumers. Through this site and its network partners, Leafbuyer has created a national network of cannabis deals and information that the company states reaches millions of consumers every month. This network supports the company’s role as a marketing channel between cannabis businesses and consumers, combining technology platforms with online content and deal distribution.

In its news releases, Leafbuyer characterizes itself as a leading cannabis technology company and a leading cannabis technology and marketing platform. The company reports that its growth has been driven by increased sales of loyalty, texting, online ordering, and web application solutions, as well as the development of new technologies, organic growth, and new customer additions. Leafbuyer has also noted that cost reduction measures and bringing technology in-house have contributed to improvements in gross margins and overall financial performance.

Leafbuyer’s communications emphasize that its marketing technology platforms help cannabis businesses navigate a changing industry environment, including new compliance guidelines and registration requirements affecting customer communications. The company has highlighted continued expansion into other markets, the formation of channel partner agreements, and efforts to expand its national footprint as factors that support its growth and market presence.

In addition to its technology and marketing activities, Leafbuyer regularly reports on its financial results through press releases, discussing year-over-year revenue growth, gross margin expansion, and changes in operating expenses, cash balances, and debt levels. These communications often reference the use of non-GAAP financial measures, such as non-GAAP EBITDA and non-GAAP adjusted EBITDA, which the company states are used internally as supplements to GAAP financial information for evaluating operating performance, planning, and other financial purposes.

Leafbuyer is incorporated in Nevada, as disclosed in its SEC filings. The company has described itself in regulatory and news documents as operating through subsidiaries that hold substantially all of the operating assets of its business. In a Form 8-K, Leafbuyer reported an agreement and plan of merger and reorganization involving a newly formed subsidiary, LB Acquisition Corp., and RagingBull.com, LLC, which contemplates a merger transaction and a broader reorganization of the company’s structure.

Under the agreement and plan of merger and reorganization described in the Form 8-K, Leafbuyer outlined a series of related steps, including a proposed merger of LB Acquisition Corp. with and into RagingBull.com, LLC, with RagingBull as the surviving entity; a sale of the company’s Series A Super Voting Preferred Stock to an investor; a consolidation and extension of certain promissory notes into a new convertible promissory note; a sale of LB Media Group LLC, a wholly owned subsidiary that owns substantially all of the operating assets of Leafbuyer’s business, to current management or a new entity; and the use of proceeds from that sale to pay down a portion of the company’s debt to senior lenders.

The same Form 8-K also describes additional contemplated actions, including a proposed name change to “RagingBull.com, Inc.”, a reverse split of the company’s common stock, an issuance of common stock to the equityholders of RagingBull.com, LLC, and a change in the composition of the company’s board and officers to match those of RagingBull prior to the effectiveness of the merger. The filing states that these steps are part of a broader reorganization and that the company intends to file an information statement on Schedule 14C with the SEC and provide notice to shareholders regarding the actions approved by written consent.

Based on the information in the company’s press releases and SEC filings, Leafbuyer’s identity is closely tied to its role as a provider of cannabis-focused marketing technology platforms, its Leafbuyer.com consumer resource and deal network, and its relationships with cannabis businesses that use its texting, loyalty, and app-based solutions. The Form 8-K indicates that the company has entered into a significant reorganization agreement that, if fully implemented, would involve a merger with RagingBull.com, LLC and a change in corporate name, along with the spinoff of a subsidiary holding substantially all of Leafbuyer’s operating assets to current management or a related entity.

Business model and revenue generation

In its public communications, Leafbuyer states that it realizes revenue from the sale of its sophisticated marketing technology platforms. These platforms are designed to drive cannabis consumers to dispensaries and product companies across the country. The company identifies loyalty programs, mobile application-based order-ahead capabilities, texting services, online ordering, and web application solutions as key components of its offerings. By selling access to and use of these platforms to cannabis businesses, Leafbuyer positions itself as a technology partner that helps those businesses attract and retain customers.

Leafbuyer’s press releases repeatedly emphasize that hundreds of cannabis businesses use its texting and loyalty platform and its Custom App or Smart App solutions. The company describes these tools as ways for businesses to engage with both current and potential customers, suggesting that its revenue model is tied to the adoption and continued use of these technology solutions by cannabis operators.

Role of Leafbuyer.com and partner network

The company describes Leafbuyer.com as a robust online resource for cannabis consumers. According to Leafbuyer’s own statements, the website, together with partnerships with other websites, forms a national network of cannabis deals and information. This network is said to reach millions of consumers every month. For cannabis businesses, this network functions as a marketing channel, allowing them to present deals and information to a large audience of consumers who use Leafbuyer.com and its partner sites to find cannabis-related offers and content.

By combining its technology platforms with this online network, Leafbuyer positions itself as a bridge between cannabis businesses and consumers, using digital tools and content distribution to support marketing and customer acquisition efforts in the cannabis industry.

Corporate developments and reorganization plans

In a Form 8-K filed with the SEC, Leafbuyer Technologies, Inc. reported that on November 10, 2025 it entered into an agreement and plan of merger and reorganization with LB Acquisition Corp., RagingBull.com, LLC, and the equityholders of RagingBull.com, LLC. The agreement contemplates a merger in which LB Acquisition Corp., a newly formed wholly owned Delaware subsidiary of Leafbuyer, will merge with and into RagingBull.com, LLC, with RagingBull as the surviving entity.

The same filing outlines several related transactions, including a sale of all outstanding Series A Super Voting Preferred Stock to an investor, a consolidation and extension of certain promissory notes into a new convertible note, a spinoff of LB Media Group LLC (which owns substantially all of the operating assets of Leafbuyer’s business) to current management or a new entity controlled by them, and the assumption of certain debt by that entity. The filing further describes a planned name change of Leafbuyer Technologies, Inc. to “RagingBull.com, Inc.,” a reverse stock split, an issuance of common stock to the RagingBull equityholders, and a changeover of management and the board of directors to those of RagingBull prior to the effectiveness of the merger.

The Form 8-K states that prior to the effectiveness of the merger and related steps, the company will file an information statement on Schedule 14C with the SEC and provide notice of the actions approved by a consenting majority of the company’s capital stock and by unanimous consent of the board of directors, including independent directors. These steps are collectively referred to in the filing as a reorganization.

Use of non-GAAP financial measures

Across multiple press releases, Leafbuyer discusses its use of non-GAAP financial measures, including non-GAAP EBITDA and non-GAAP adjusted EBITDA. The company states that it uses these measures internally as supplements to GAAP financial information to evaluate operating performance, for financial planning, to establish operational goals, for compensation plans, to measure debt service capability, for capital expenditure planning, and to determine working capital needs. Leafbuyer notes that these non-GAAP measures are not defined by GAAP and may not be comparable to similarly titled measures used by other companies, and that they should be considered in addition to, and not as substitutes for, GAAP measures such as net income or net loss and cash flows.

Frequently Asked Questions about Leafbuyer Technologies, Inc.

• What does Leafbuyer Technologies, Inc. do?
  Leafbuyer Technologies, Inc. describes itself as a cannabis technology and marketing platform. The company states that it provides marketing technology platforms, including texting, loyalty, online ordering, and web application solutions, that help drive cannabis consumers to dispensaries and product companies.
• How does Leafbuyer generate revenue?
  According to the company’s press releases, Leafbuyer realizes revenue from the sale of its sophisticated marketing technology platforms. These platforms include loyalty programs, mobile application-based order ahead, texting services, online ordering, and web application solutions used by cannabis businesses.
• What is the Leafbuyer texting and loyalty platform?
  Leafbuyer reports that hundreds of cannabis businesses use its texting and loyalty platform. This platform is used by businesses to engage with current and potential customers, supporting communication and repeat engagement through text-based marketing and loyalty program features.
• What is Leafbuyer.com?
  The company describes Leafbuyer.com as a robust online resource for cannabis consumers. Through Leafbuyer.com and partnerships with other websites, Leafbuyer has created a national network of cannabis deals and information that it states reaches millions of consumers every month.
• Who uses Leafbuyer’s technology solutions?
  Leafbuyer’s public statements indicate that hundreds of cannabis businesses use its texting and loyalty platform and its Custom App or Smart App solutions. These businesses use Leafbuyer’s technology to engage with their customers and to support marketing and ordering functions.
• What industry does Leafbuyer operate in?
  Leafbuyer operates in the cannabis technology and marketing space and is classified in the information sector under "All Other Telecommunications." Its activities focus on technology-enabled marketing and communication services for cannabis-related businesses and consumers.
• What is the significance of Leafbuyer’s partnerships with other websites?
  Leafbuyer states that its partnerships with other websites have created a national network of cannabis deals and information. This network, together with Leafbuyer.com, is described as reaching millions of consumers every month, providing cannabis businesses with broader exposure to potential customers.
• What corporate reorganization has Leafbuyer reported?
  In a Form 8-K, Leafbuyer reported entering into an agreement and plan of merger and reorganization with LB Acquisition Corp. and RagingBull.com, LLC. The agreement contemplates a merger with RagingBull.com, LLC as the surviving entity, along with related transactions such as a spinoff of LB Media Group LLC, a proposed name change to “RagingBull.com, Inc.,” a reverse stock split, an issuance of common stock to RagingBull equityholders, and a management changeover, all as part of a broader reorganization.
• What is LB Media Group LLC in relation to Leafbuyer?
  According to the Form 8-K, LB Media Group LLC is a wholly owned subsidiary of Leafbuyer that owns substantially all of the operating assets of the company’s business. The agreement and plan of merger and reorganization contemplates the sale of LB Media Group LLC to current management or a new entity formed and controlled by current management, with that entity assuming certain debt.
• How does Leafbuyer use non-GAAP financial measures?
  Leafbuyer’s press releases explain that the company uses non-GAAP financial measures such as non-GAAP EBITDA and non-GAAP adjusted EBITDA internally as supplements to GAAP financial information. These measures are used for evaluating operating performance, financial planning, setting operational goals, compensation plans, measuring debt service capability, capital expenditure planning, and determining working capital needs, and are presented alongside GAAP measures.