Leafbuyer Technologies, Inc. Books November Sales with 53% Year Over Year Growth - 9x Industry average
Cannabis Technology Company Notches Another Record Month. Cash Sales for November Totaled $444,000 vs $290,000 in 2021DENVER, CO / ACCESSWIRE / December 6, 2022 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading …
Cannabis Technology Company Notches Another Record Month. Cash Sales for November Totaled $444,000 vs $290,000 in 2021
DENVER, CO / ACCESSWIRE / December 6, 2022 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, announced today that its monthly cash sales rose 53% in the month ending November 30, 2022. The increase reflects cash sales booked in the month versus the same month of the previous year.
"The sales results for November are a positive indication of where we are in the market right now," Kurt Rossner, said Chief Executive Officer of Leafbuyer. "Our home state of Colorado has seen historic declines in retail cannabis sales in the last year. According to Forbes Magazine (Oct 2, 2022), retail cannabis sales in the U.S. will grow about 6% this year. To be growing at a rate of nearly 9 times the retail market is a testament to our focus of delivering value to our customers. We continue to develop innovative solutions that have a significant ROI impact for our clients. The end of year is also looking strong for us both from a revenue perspective and overall financial progress. We are working on several projects for 2023 that we hope will help the company continue very significant growth through next year," Rossner added.
Learn more at tech.leafbuyer.com
About Leafbuyer Technologies, Inc.
Leafbuyer Technologies is one of the most comprehensive marketing technology providers in the cannabis industry. Hundreds of cannabis businesses use the Leafbuyer texting and loyalty platform and
the Custom App solution to engage with current and potential customers. Leafbuyer.com is a robust online resource for
cannabis consumers, and the company's partnerships with other websites have created a national network of cannabis deals and information that reaches millions of consumers every month.
CONTACT:
Vida Almich
Email: vida@leafbuyertech.com
Phone: (720) 427 3927
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Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the Company's business strategy, product development and industry trends. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.