Leafbuyer Technologies Inc (OTCMKTS:LBUY) Outlines Its Next Moves

Leafbuyer Technologies Inc (OTCMKTS:LBUY) Outlines Its Next Moves

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Leafbuyer Technologies Inc (OTCMKTS:LBUY) is a new flavor of the month on the OTC in the cannabis patch. LBUY has been on a tear of late in response to the launching of the company’s key app asset. The next big catalyst hit last week, when LBUY announced its 2017 sales expansion strategy into West Coast legal cannabis markets. According to the release, “this expansion includes recreational markets in Washington and Oregon and medical markets in California.”

“As Colorado’s largest online cannabis deals network, we believe that we are well positioned to take advantage of the legalization of recreational cannabis in California set to open in 2018. Now is the right time to duplicate the success we have had in Colorado and grow our presence nationally,” said Mark Breen, VP of Business Development.

Leafbuyer Technologies Inc (OTCMKTS:LBUY) trumpets itself as a technology-based cannabis marketing company based in Greenwood Village, CO. The company’s website, leafbuyer.com is the most comprehensive online source for cannabis deals and specials,

LBUY connects consumers with dispensaries. Leafbuyer works alongside businesses to showcase their unique products and build a network of loyal patrons. Leafbuyer’s national network of cannabis deals and information reaches millions of consumers monthly.

LBUY is the official cannabis deals platform of thecannabist.co (owned by the Denver Post) and westword.com. The company also operates one of the largest cannabis-based employment boards in the industry and has partnered with large cannabis content sites that are included in their distribution network.

According to company materials, “The most comprehensive online source for cannabis deals and specials, Leafbuyer.com connects consumers with dispensaries. Leafbuyer works alongside businesses to showcase their unique products and build a network of loyal patrons. Leafbuyer’s national network of cannabis deals and information reaches millions of consumers monthly. Leafbuyer is the official marijuana deals platform of thecannabist.co (owned by the Denver Post) and westword.com.”

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As we discussed above, the stock has been running higher for the most part over the past several weeks. One of the key recent catalysts was the company’s recent announcement of its expansion strategy.

“As markets become recreational, the rules change. Potential consumers increase from a list of patients with a medical marijuana card, to any consumer over the age of 21. Many consumers new to cannabis find it challenging to find accurate information about products, prices and where to find the best deals. As an online resource, Leafbuyer helps the consumer research and find answers to cannabis related questions from the privacy of their mobile phone or desktop,” said Kurt Rossner, CEO. “We are excited about the expansion and have deployed sales teams in each market. We continue to believe that face to face interaction with potential and current clients is the best way to gain their trust.”

According to the release, the number of legal cannabis businesses will continue to explode over the next 5 years. “Gaining a competitive advantage over competition will be one of the biggest hurdles that these companies will face. LBUY will continue to help clients gain that competitive advantage by offering the most robust technology platform in the industry.”

The chart shows 94% during the past month in terms of shareholder gains in the stock. Market participants may want to pay attention to this stock. LBUY has evidenced sudden upward volatility on many prior occasions. What’s more, the company has witnessed a pop in interest, as transaction volume levels have recently pushed just under 590% above its longer run average levels.

Currently trading at a market capitalization of $77.90M, LBUY has virtually no cash on the books, which compares with virtually no total current liabilities. LBUY is pulling in trailing 12-month revenues of $3K. However, the company is seeing declines on the top line on a quarterly y/y basis. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of $LBUY stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $LBUY, either long or short, and we have not been compensated for this article.

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