Leafbuyer Technologies: A Cannabis Tech Powerhouse on the Rise

Leafbuyer Technologies (OTCQB:LBUY) has been making waves in the cannabis industry, reporting record-breaking financial results for the second quarter of fiscal year 2024. The company's revenue surged by 38% year-over-year, reaching $1,609,473, and its gross margins expanded by a remarkable 53%. This impressive growth has positioned Leafbuyer Technologies as a leading cannabis technology and marketing platform, outpacing industry growth by more than 11 times.

CEO Kurt Rossner attributed the company's success to its ability to gain market share across all segments and the positive market reaction to its product offerings. The cost-reduction measures implemented last year have not only helped the company increase its margins but have also positioned it well for future margin expansions. Despite the revenue growth, selling expenses decreased by 10%, indicating the company's commitment to maintaining profitability while expanding its market share.

Leafbuyer Technologies' comprehensive marketing technology platform enables cannabis businesses to engage with current and potential customers through texting and loyalty programs, as well as a custom app solution. The company's online resource, Leafbuyer.com, serves as a robust platform for cannabis consumers, and its partnerships with other websites have created a national network of cannabis deals and information that reaches millions of consumers every month.



As the cannabis industry continues to grow and evolve, Leafbuyer Technologies' strong financial performance and innovative approach to marketing and technology position it as a key player in the market. The company's ability to adapt to the changing landscape and implement effective cost-reduction measures has driven its revenue increase and margin expansion, making it an attractive investment opportunity for those looking to capitalize on the cannabis industry's growth potential.

Investors seeking exposure to the cannabis industry should consider Leafbuyer Technologies as a promising addition to their portfolios. The company's impressive financial performance, innovative platform, and commitment to cost reduction initiatives make it an attractive investment opportunity in the rapidly growing cannabis market. As the cannabis industry continues to gain acceptance and expand, Leafbuyer Technologies is well-positioned to capitalize on the growing demand for cannabis technology and marketing solutions.