Business
Leafbuyer Technologies, Inc. Introduces Timeline for Cash Flow from Operations, Expectations of Profitability, and Reaffirms Substantial Revenue Growth
Leafbuyer Technologies, Inc. Introduces Timeline for Cash Flow from Operations, Expectations of Profitability, and Reaffirms Substantial Revenue Growth.
About this update from Leafbuyer Technologies, Inc.
[{"type":"text","content":"\nLeafbuyer Technologies, Inc. (“Leafbuyer” or “the Company”) (OTCQB:LBUY) announced today that sustained, quarterly profitability is projected in 2020 through strategic development in new markets, client base expansion, and the increased sales of technology solutions, including texting and loyalty.\n\n\n“Our path to profitability and cash flow from operations has been clearly defined. We’re excited to announce that through consistent revenue growth and technological advancements, we expect Leafbuyer to be cash flow positive in the first half of 2020 and profitable on a quarterly basis by the end of 2020,” said Kurt Rossner, CEO of Leafbuyer.\n\n\nThe Company’s new satellite office in Los Angeles, California, exceeded sales goals a month ahead of schedule and continues to accelerate in the Southern California and West Coast markets.\n\n\nLeafbuyer’s revenue continues to grow at more than double the industry average of 24%, according to an Arcview Market Research and BDS Analytics report released June 20, 2019.\n\n\n“Through market expansion across the country and recent event attendance in three states, including Washington, Michigan, and Oklahoma, we’re adding thousands of people to our texting and email lists to increase the value for our clients and facilitate sales,” said Rossner. “Executing growth strategy continues to be Leafbuyer’s number one priority.”\n\n\nLeafbuyer has issued approximately 30,000,000 shares of common stock since the registration statements filed with the Securities Exchange Commission became effective on July 30, 2019 and currently has approximately 78,195,000 shares of common stock outstanding.\n\n\nLeafbuyer’s management team is increasing its scheduled communication with investors to ensure that more timely information is provided to the investment community.\n\n\n“We look forward to communicating with investors and reporting our year-end numbers in the second half of September,” said Rossner.\n\n\nAbout Leafbuyer Technologies, Inc.\n\n\nLeafbuyer.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 in...