Geometry Dash APK Hill Climb Racing APK
39.2 F
New York
Monday, January 17, 2022

Leafbuyer Technologies Inc (OTCMKTS:LBUY) Shares Rip Off Recent Lows

Must read

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Healthier Choices Management Corp (OTCMKTS:HCMC) Heats Up: WallStreetBets at it Again

At the mid-point of the trading week, it is often prundent for investors to take stock of the market and take a...

Is Enzolytics Inc (OTCMKTS:ENZC) Making All The Right Moves in 2021

When a stock makes massive gains over a reasonable period of time, then it is necessary for investors to perhaps looking into...

Shares of Leafbuyer Technologies Inc (OTCMKTS:LBUY) have been breaking higher in recent action, popping above the 50-day moving average midway through last week, and closing the week above the $0.20 level for the first time since early August. The stock is likely to have powerful overhead resistance following its dramatic decline at the end of July and in early August correlated with its S-1 filing.

Coloring the fresh action off the lows, the company just announced its quarterly cash sales increased 27% in the quarter ending September 30, 2019. According to the release, “the growth reflects cash sales in the quarter versus the same quarter of the previous year. Leafbuyer’s 27% growth rate continues to reflect higher than the industry average of 24%, a statistic published through a report by Arcview and BDS Analytics released June 20, 2019.”

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.”

Find out when $LBUY reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, LBUY just announced its quarterly cash sales increased 27% in the quarter ending September 30, 2019.

“Year over year, Leafbuyer continues to accelerate its cash sales. To achieve this, we execute aggressive sales strategies based on daily, weekly, and monthly goals,” said Kurt Rossner, CEO. “We plan to expand our client base while maintaining diligence in identifying key acquisition partners.”

Recent action has seen 86% piled on for shareholders of the company during the trailing week. In addition, the listing has seen interest climb, with an increase in recent trading volume of 66% over the long run average.

“While some of our competitors cut personnel, we successfully doubled our sales and support teams to manage the increased demand for our products and services,” said Rossner.

Currently trading at a market capitalization of $16M, LBUY has a bankroll ($182K) of cash on the books, which stands against about $3.3M 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 $1.8M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 44.1%. We will update the story again soon as developments transpire. 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.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service