If you want to know what it feels like to ride a roller coaster, just ask a Leafbuyer Technologies Inc (OTCMKTS:LBUY) shareholder. The stock has been all over the map over the past three weeks but now sits basically in the middle of a wide whipsaw range with roots down under $0.70 from late September and branches poking above $2.30. It’s enough to make the head spin.
Which way will it go from here? Well, if the company’s sales are the determining factor, then the answer could come from its latest announcement of booming quarterly sales, with results up 67% in the period ending September 30th, 2018, compared to the same period the previous year. “We recently reported our FY sales results that ended on June 30th with a 42% growth rate. This recent quarter significantly increased that acceleration. The average monthly spend per customer is steadily increasing and we are seeing higher demand for our products in all of the legal states we cover,” said Leafbuyer Chairman and CEO, Kurt Rossner.
Leafbuyer Technologies Inc (OTCMKTS:LBUY), according to corporate communications, is “one of the most comprehensive online sources for cannabis deals and information. Leafbuyer works alongside businesses to showcase their unique products and build a network of loyal patrons. Leafbuyer’s national network of cannabis deals and information reaches millions of consumers every month. Leafbuyer is the official cannabis deals platform of Dope Media, LA Weekly, and Voice Media Group.”
The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!
The company is a technology-based cannabis marketing firm based in Greenwood Village, CO. The company’s website, leafbuyer.com is one of the most comprehensive online source for cannabis deals and specials, Leafbuyer.com connects consumers with dispensaries. Leafbuyer works alongside businesses to showcase their unique products and build a network of loyal patrons.
Leafbuyers national network of cannabis deals and information reaches millions of consumers monthly. Leafbuyer is the official cannabis deals platform of thecannabist.co (owned by the Denver Post) and westword.com.
The company also operates one of the largest cannabis-based employment boards in the industry and has partnered with large cannabis content sites that are included in their distribution network.
Leafbuyer Technologies Inc (OTCMKTS:LBUY) generated sales of $342K, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 19.2% on the top line. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($376K against $1.3M, respectively).
Trying to Push the Squeeze
LBUY, as noted, just declared itself in a top-line boom. It will be interesting to see if shares can follow that lead.
“We continue to make investments in future product development. Leafbuyer delivers solutions that drive more value to our customers. Our new product bundles are being well received by the market. We not only drive consumers to dispensaries, we continue to monetize that relationship month after month,” said Leafbuyer COO, Mark Breen.
Shares of LBUY, as noted above, have been riding the roller coaster over the past month, but mostly upward, rallying roughly 30% in that time on strong overall action. Furthermore, the listing has witnessed a pop in interest, as transaction volume levels have recently pushed nearly 230% over the long run average.
This is particularly important with the stock trading on a float that is tight at just 18.3M shares. It’s something the veterans know to key on: a jump in average daily transaction volume in a stock with a restricted float can unleash fireworks as supply is squeezed in the scramble to buy or cover.
Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!
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