DENVER, CO / ACCESSWIRE / December 9, 2020 / Leafbuyer Technologies, Inc. ("Leafbuyer" or "the Company") (OTCQB:LBUY), a leading cannabis technology platform, announced today that it is has achieved positive cash flow on an operational basis. By growing monthly revenue and decreasing expenditures, the Company has reached a notable milestone that remains rare in the burgeoning cannabis
industry.
“Over the past year, we have been building momentum and positioning Leafbuyer to become cash flow positive from operations,” stated Kurt Rossner, CEO of Leafbuyer. “I am extremely proud to report that we have achieved this milestone in the month of November 2020. As we look ahead, I anticipate continued growth over the coming year as we increase recurring revenue, keep costs in check and pursue multiple
acquisition opportunities.”
Recent Momentum Highlights:
“The initiatives we instituted a year ago and the adjustments we made during the pandemic are paying off,” continued Rossner. “Creating the highest-quality technologies and providing exemplary customer service are the keys to our recurring revenue model and our profitability. Even though we have achieved an important goal, there is still enormous opportunity for Leafbuyer to grow in the coming
years.”
About Leafbuyer Technologies
Leafbuyer realizes revenue from the sale of its sophisticated marketing technology platforms, which drive cannabis consumers to dispensaries and product companies across the country. The solutions include loyalty programs, mobile application-based order ahead, and access to millions of cannabis consumers through the Leafbuyer.com website and its network partners.
