DENVER, CO / ACCESSWIRE / September 9, 2020 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology platform, announced today a record-breaking month and a 33% usage increase within its texting and loyalty platform through August 2020. The 33% increase reflects text credit volume for January 2020 through August 2020 versus the same 2019 period.
August 2020 also represented the highest month on record for text credit volume for the platform.
“The strong pivot we made at the beginning of the April is having a significant impact on our texting and loyalty platform growth”, said Kurt Rossner, CEO of Leafbuyer. “By rapidly increasing the number of customers on the platform, we have seen substantial growth.”
Leafbuyer earns revenue from Short Message Service (SMS) and Multimedia Service (MMS) credit usage of its customers. A major cause for the year-over-year increases is a 62% increase of average monthly MMS messages sent since the beginning of 2020.
“This growth places Leafbuyer in an extremely strong position to meet our goals,” continued Rossner. “Demand for these communication solutions continues to expand, and we will aggressively onboard new clients in the coming months to accelerate this positive trend.”
The Company provides technology solutions to cannabis dispensaries and product companies which include a custom branded mobile application, texting and loyalty platform, online ordering solutions, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.
