CannabisNews420.com – Cannabis/Marijuana Industry News
This morning, there was plenty of marijuana stock news to go around especially after June 4th. Why do we say this? On June 4th the majority of marijuana stocks saw a dramatic trend reversal, which came after a multi-day downtrend to follow the FDA’s recent hearing. But what one company just announced could be a true game changer…keep reading.
What Was This Big Marijuana Stock News?
Leafbuyer Technologies Inc. (LBUY) announced that it had formally signed a letter of intent to acquire a majority stake in a Las Vegas-based trade show operation, CBD.io. This isn’t just any trade show operation, CBD.io operates one of the largest and most visible expos in the CBD industry according to Leafbuyer (LBUY).
How Big Is CBD.io?
Let’s look at last year’s event: With over 270 vendors and a slew of amazing features, CBD.io attracted buyers from all over the world including several big-box retailers like Costco, Walmart, and GNC!
In fact, according to CBD.io, it even had Netflix come out to get content for their upcoming documentary.
This year they’ve expanded the show to the prime location in South Hall 1 at the Las Vegas Convention Center. With an expected 400 brands, labs, and many other features, this next event could be another blockbuster according to CBD.io.
What Could This Mean For Leafbuyer (LBUY)?
For those just pulling up this company for the first time, Leafbuyer Technologies (LBUY) is no stranger to setting and breaking its own records. Just recently the company announced its quarterly sales increased 70% in the quarter ending March 31, 2019. Not only this but Leafbuyer’s 70% year-over-year growth rate is more than double the industry’s national average of 26.7%, according to Arcview Market Research and BDS Analytics.
That’s just the beginning, though. This record-setting quarter comes right on the heels of Leafbuyer’s (LBUY) record-setting quarter, previous! The company reported that its quarterly sales rose 68% in the quarter ending December 31, 2018. The increase reflects the revenue booked in the quarter versus the same quarter of the previous year. The company also booked a 67% quarterly sales increase in the quarter ending September 30, 2018.
So just to summarize the above, compared to its previous quarters in the years prior, Leafbuyer recorded new revenue milestones. This having been said, Here’s Where This Latest Deal Could Really Come Into Play:
Leafbuyer + CBD.io Combination to Double Company’s Current Revenue Run Rate
In the company’s own words – even after reporting consecutive revenue milestones quarter after quarter – Leafbuyer’s latest deal could end up “Doubling its current Revenue.”
Kurt Rossner, CEO of Leafbuyer said directly, “Last year, CBD.io sold nearly 200 booths, this year we will cross-sell our platform of over 400 clients and look to double that.”
Leafbuyer Technologies Inc. (OTC: LBUY) has not only been called a “game-changer” by NBC but has also been referred to as the “The Priceline of Pot” by TheStreet.com. Priceline provides the best deals on travel. Similarly, Leafbuyer Technologies Inc. (OTC: LBUY) is the most comprehensive online source for cannabis deals and specials. The website, Leafbuyer.com, is helping to connect millions of consumers daily.
The company has also been building key relationships for the better part of the last 5 months:
Feb 12, 2019: Leafbuyer Technologies, Inc. (LBUY) Rapidly Expands to the Oklahoma Medical Cannabis Market
Feb 27, 2019: Leafbuyer Technologies, Inc. (LBUY) Signs 50 Oklahoma Dispensary Clients Within Six Weeks
Mar 21, 2019: Leafbuyer Technologies, Inc. (LBUY) Announces Greenlight Platform Users Reach Nearly 80,000
Mar 27, 2019: Leafbuyer Technologies, Inc. (LBUY) Partners with Oklahoma Gazette
Apr 18, 2019: Leafbuyer Technologies, Inc. (LBUY) Launches West Coast Regional Office
Jun 5, 2019: Leafbuyer Technologies Announces Letter of Intent to Acquire Leading CBD Trade Show
The cannabis industry is exploding, in case you haven’t noticed. Forbes predicts North American marijuana sales could surpass an astonishing $20 Billion by 2021. That is a yearly combined growth rate of 25%. Is 25% a lot? Put it this way, the growth rate of the dot-com era was 22%.
Leafbuyer Technologies Inc. (OTC: LBUY) is pushing and focusing on growth with entries into new markets to offer local deals to more and more American cannabis users. It’s a simple numbers game folks, whoever has the most users will dominate the space.
And like we stated earlier, Leafbuyer is currently the largest cannabis deal website in the United States with over 10 million monthly users and counting. Now it’s about time you got out your pen and added Leafbuyer Technologies Inc. (OTC: LBUY) to the top of your shopping list.
Click Here To Read More: One Of The Hottest Marijuana Stocks To Watch This Summer
Disclaimer: Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Leafbuyer Technologies Inc., Midam is being paid $50,000 for a period of 30 days beginning November 1, 2018, and ending November 30, 2018. Midam has been paid an additional $50,000 and 40,000 common restricted shares of Leafbuyer Technologies, Inc. extending the contract another 30 days ending December 31, 2018. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to January 31, 2019. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to March 1, 2019. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to April 1, 2019. Midam has been compensated an additional $100,000 by Leafbuyer Technologies for a period of coverage from April 12, 2019 to June 12, 2019. We owned 77,000 shares of Leafbuyer Technologies. We may buy or sell additional shares of (LBUY) in the open market at any time (as of 3/29/2019) Midam Ventures no longer owns 77,000 shares of LBUY), including before, during or after the Website and Information, to provide public dissemination of favorable Information about Leafbuyer Technologies Inc. Please Click Here to Read Our Full Disclosure.
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