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Thursday, January 27, 2022

Traders Ride the Leafbuyer Technologies Inc (OTCMKTS:LBUY) Roller Coaster

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Shares of Colorado-based Leafbuyer Technologies Inc (OTCMKTS:LBUY) have been riding the roller coaster over the past week, with a monstrous spike higher to close out last week followed by an extension and a sharp pullback thus far this week. The stock is a trader’s haven right now given the powerful two-way action. At this point, shares remain firmly situated between the major moving averages as the company continues to roll out the catalysts.

As a case in point, the company just announced that yearly sales rose 42% in the fiscal year ending June 30th, 2018. According to the release, the increase reflects the cash sales booked in the year versus the previous year. “We ended our fiscal year with very positive sales momentum and have been building on that momentum going into the fall,” said Kurt Rossner, Chairman and CEO.

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 one of 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.

Leafbuyers national network of cannabis deals and information reaches millions of consumers monthly. Leafbuyer 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, “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. 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, LA Weekly, and Voice Media Group.”

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As noted above, LBUY just announced that yearly sales rose 42% in the fiscal year ending June 30th, 2018. In all, recent action has seen 31% added to share values of the company over the past month of action, but that move comes in the context of a larger bearish trend.

Mr. Rossner continued, “Our overall strategy of broadening our platform to become a true comprehensive marketing solution has allowed us to attract many new customers and upsell current ones. The average monthly spend for new customers has increased more than 50% in the last six months as we continue to offer a wider basket of solutions. We have also been investing heavily in development (online ordering, loyalty and block chain) and are starting to see the results in sales numbers.”

Furthermore, the company has registered increased average transaction volume recently, with the past month seeing just shy of 750% beyond its prior sustained average level. This should not be overlooked given the stock’s limited trading float of less than 18M shares.

“We are very excited about what is happening right now in the industry. Canada will be legalizing this month; the US elections are a month away and we are rolling out great product enhancements across our network. Building and broadening the platform while scaling in new markets across the country is our ongoing focus,” said Mark Breen, COO and VP of Sales of Leafbuyer.

Now commanding a market cap of $57.79M, LBUY has a chunk ($196K) of cash on the books, which must be weighed relative to about $1M in total current liabilities. One should also note that debt has been growing over recent quarters. LBUY is pulling in trailing 12-month revenues of $1M. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at 9.6%. You can bet we will update this one again as new information comes into view. 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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