RELEASE ALERT: REVENUE GROWTH + OPERATING EXPENSES AT NEUTRAL

Published: Wed, 05/20/20

Fellow shareholder,

I wanted to promptly make you aware of this important press release. Our team has achieved 44% year-over-year growth while operating expenses remain neutral. Please see the full release below for more information.

You are a valuable shareholder partner, and I will strive to keep you informed as we push forward and grow the Leafbuyer organization.

Kurt Rossner

CEO and Chairman of the Board

Leafbuyer Technologies, Inc. Announces Strong Growth

44% Year Over Year Revenue Growth - Operating Expenses Remain Level

Wednesday, May 20, 2020

DENVER, CO / ACCESSWIRE / May 20, 2020 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology platform, announced today that revenue grew 44% year-over-year in the nine months ending March 31, 2020. The growth reflects the revenue booked in the period versus the same period one year ago. Along with increased revenue growth, the Company announced minimal operation expense increases in the same period.

“With year over year revenue increases and controlled operational expenses, we are in an extremely strong position and on pace to meet our cash flow goal this summer,” stated Kurt Rossner, CEO of Leafbuyer. “Our focus on providing our clients with industry-leading texting, loyalty, and online ordering platforms is a major contributor to our success.”

Leafbuyer’s 44% year-over-year growth rate is more than triple the industry’s projected compound annual growth rate of 14%, according to New Frontier Data. Progress is attributed to increased sales and high customer retention.

The Company’s management is forecasting significantly less cash burn for the remainder of 2020.

Due to the social distancing requirements of COVID-19, Leafbuyer has experienced increased demand for its order ahead and delivery solutions. Cannabis dispensaries, which are considered essential businesses in most states, are pursuing online ordering and communication tools to maintain relevancy in a competitive environment.

“Our product offering is highly valuable in the current cannabis industry landscape,” stated Rossner. “We have intentionally concentrated our technical focus over the past year to ensure that our key platforms lead the industry.”

Leafbuyer realizes revenue from the sales of its marketing technology platforms, which drive cannabis consumers to dispensaries and product companies across the country. The Company’s primary solutions include a texting and loyalty application, online ordering platforms, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.