Leafbuyer Technologies Inc (OTCMKTS:LBUY) Continues to Play the Growth Tune

Leafbuyer Technologies Inc (OTCMKTS:LBUY) Continues to Play the Growth Tune

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Leafbuyer Technologies Inc (OTCMKTS:LBUY) continues to run along in a steady bullish trend since popping onto the OTC scene back in April. LBUY has powered about 300% since then, and the headline flow out of management has no doubt been a big reason why. The latest from the company hit this week in the form of its announcement of a deal to provide a suite of services to Rocky Road Remedies. “With six locations in Colorado, Rocky Road Remedies is one of the leading dispensary chains in Colorado.”

According to the release, Rocky Road Remedies was founded in 2010 and started in Colorado Springs. It has expanded throughout the state ever since. “Rocky Road Remedies lives by the belief of quality of life, while carrying only the finest cannabis products in Colorado,” states Eric Pettibone, Retail Manager of Rocky Road Remedies. “Working with Leafbuyer will help attract and retain new customers in this very competitive environment. We like the fact Leafbuyer provides ROI reporting and statistics on consumer trends, allowing us to see what is working and what needs improvement,” Pettibone added.

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 discussed above, LBUY management has done a very strong job of pushing out to the market a consistent message of potential growth, which investors have been eating up. The latest in this effort is the company’s messaging around a new customer relationship with Rocky Road Remedies.

“We are very pleased to add all of Rocky Road’s stores to our platform and look forward to working with them as they grow in the future. Many of the more sophisticated customers, like Rocky Road Remedies, will enjoy some of our newer technology deployments to help them attract and retain new customers,” said Leafbuyer CEO and Co-Founder, Kurt Rossner.

“We are committed to driving business to our customer base as well as providing the best deals for the consumer in the cannabis industry. As a company that helps consumers find quality and value, we are excited to work with Rocky Road Remedies,” said VP of Business Development and Co-Founder of Leafbuyer, Mark Breen.

We have seen about 37% to the upside over the past month, with a concomitant jump in volume of nearly 20% on an average basis. We highlight this fact mainly because the jump in volume on a rally presents a squeeze risk given the tiny float here (just 12M shares).

At this time, carrying a capital value in the market of $109.8M, LBUY, it should be noted, is a pink sheet player and we were not able to determine whether or not its filings passed through an auditor in good standing and reputation. They claim to have a reserve ($224K) of cash on the books balanced by virtually no total current liabilities. LBUY also suggests it is pulling in trailing 12-month revenues of $232K. In addition, the company is apparently seeing outstanding top line growth, with y/y quarterly revenues growing at 7616.8%. We will update the story again soon as further details emerge. Sign-up for continuing coverage on shares of $LBUY stock, as well as other hot stock picks, get 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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