DENVER--(BUSINESS WIRE)--Leafbuyer Technologies, Inc. (LBUY) (“Leafbuyer” or “the Company”), a leading cannabis technology platform, announced today that its monthly cash sales rose 34% in the month ending August 31, 2019. The increase reflects the cash sales booked in the month versus the same month of the previous year.
“This announcement of record-setting growth follows the Company’s major initiative to bolster its sales teams in both the California and Colorado markets,” said Kurt Rossner, CEO of Leafbuyer. “As we continue to diversify our platforms and prepare for new technological launches, including the revitalized mobile application expected this fall, we’re focusing on specializing our sales force. This has provided outstanding results. We are booking significant increases in new orders in each market we serve and see that growth continuing for the near future. We plan to report our annual results by the end of September.”
“Leafbuyer continues to drive sales and gain customers in promising legal markets across the country,” said Rossner. “Our revenue grows as we continue to provide high-quality, relevant solutions for our product company and dispensary clients.”
Recent legalization efforts in states like Illinois and Missouri allow larger populations access to regulated, legal cannabis and provide a monetary boost to the industry. According to Arcview Market Research, the cannabis industry will see growth from $9.2 billion in 2017 to roughly $47.3 billion by 2027 in North America.
Leafbuyer.com is one of the most comprehensive online sources for cannabis deals and information. Leafbuyer works alongside businesses to showcase their unique products and build a network of loyal patrons through a suite of advanced technology solutions, including texting and loyalty. Leafbuyer's national network of cannabis deals and information reaches millions of consumers every month. Leafbuyer is the official cannabis deals platform of Dope Media, Sensi Magazine, and Voice Media Group.
Learn more at Leafbuyer.com.