Leafbuyer Technologies Inc. (LBUY)
OTCQB OTCQB Primary Summary
Leafbuyer Technologies, Inc. Announces Record Results: 38% Increase in Quarterly Revenue and 53% Increase in Gross Margins
Financial Highlights: Revenue rose 38% from $1,169,622 to $1,609,473 in the second quarter of fiscal year 2024 Revenue Increase was more than 11X Industry Growth Rate Expanding Profit Margins: Gross Margins increased 53% Year to Year Gross Profit increased 110% from $356,278 to $749,281 in the same period DENVER, CO / ACCESSWIRE / November 20, 2024 / Leafbuyer Technologies Inc . (OTCQB:LBUY) ("Leafbuyer" or "the Company"), a leading cannabis technology and marketing platform, announced today that quarterly revenue rose 38% year over year in the quarter ending September 30, 2024.
Leafbuyer Technologies, Inc. Announces Quarterly Results
16.4% Increase in Year Over Year Revenue Growth and a 9% increase in Gross profit DENVER, CO / ACCESSWIRE / September 20, 2024 / Leafbuyer Technologies Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology company, announced today that revenue grew 16.4% and gross profit increased by 9% in the quarter ending March 31,2024. Leafbuyer's 16.4%% year-over-year revenue growth rate is nearly double the industry's projected compound annual growth rate of 8.5%, according to New Frontier Data.
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Leafbuyer Technologies Inc. Profile
| IT Services Industry | Information Technology Sector | Kurt Rossner CEO | OTCQB Exchange | 52177H100 CUSIP |
| US Country | 12 Employees | - Last Dividend | 15 May 2026 Last Split | - IPO Date |
Overview
Leafbuyer Technologies, Inc., operates primarily through its subsidiary, LB Media Group, LLC, distinguishing itself as a leading provider of online platforms designed to facilitate the discovery of cannabis deals and promotions. Initiated in 2012, the company has established its headquarters in Greenwood Village, Colorado. It offers an invaluable resource for consumers looking to navigate the expansive world of cannabis by providing comprehensive deals and detailed information on various cannabis products and services available in the United States.
Products and Services
Leafbuyer Technologies, Inc. specializes in a range of offerings that cater to both businesses in the cannabis sector and consumers seeking quality cannabis products at discounted rates. These offerings include:
- Online Promotional Platform: A key service offered by Leafbuyer is its online platform that aggregates and showcases various cannabis deals and specials. This platform aims to connect consumers with dispensaries and cannabis products, ensuring users have access to the latest deals and promotional offerings in their area.
- Marketing Solutions for Businesses: Beyond serving the consumer market, Leafbuyer also provides marketing services for cannabis dispensaries and product manufacturers. These services are designed to enhance visibility, drive sales, and foster brand loyalty within the highly competitive cannabis market. By leveraging Leafbuyer's platform, businesses can effectively reach a wider audience and increase their market penetration.
