Leafbuyer Technologies, Inc. (OTC Pink: LBUY) is engaged as a cannabis technology company. Shares of the cannabis company are down 13.30%, through afternoon trading on Friday, August 25, 2017. Over the past month, Leafbuyer Technologies, Inc. has seen average daily volume of 228,361 shares. However, volume of 730,653 shares or dollar volume of $2.29 million, has already exchanged hands on Friday.
Shares of Leafbuyer Technologies, Inc. are facing pressure today, after the company announced it has renewed its partnership with The Denver Post’s Cannabist, a marijuana news platform. Here is the full press release detailing of the renewed partnership:
Leafbuyer Technologies, Inc. Press Release:
DENVER–(BUSINESS WIRE)– Leafbuyer Technologies, Inc. (OTC: LBUY) (“Leafbuyer”), a leading cannabis technology platform, announced today that it has renewed its partnership with the Cannabist, a marijuana news website from the award-winning Denver Post, and will continue as its official deals partner.
Kurt Rossner, CEO and co-founder of Leafbuyer, commented: “We are very pleased to renew this significant partnership. Being the official deals platform for the Cannabist has expanded our reach to consumers all over the country. Millions of cannabis consumers each month read the Cannabist for their great industry news. We believe having the right partnerships with established industry heavyweights will help expand Leafbuyer’s brand nationally. We expect 2018 will be a watershed year in this industry and we are excited to grow with the Cannabist.”
Leafbuyer hosts a “Deals Widget” on every page of the Cannabist’s website. The widget allows consumers to search Leafbuyer’s database of cannabis deals in their area without leaving the Cannabist’s website.
“We are hopeful the Cannabist’s strong presence in the Western US will help us broaden our reach in the soon to be legal recreational state of California – which should be a huge benefit for us,” stated Mark Breen, VP of Sales and co-founder of Leafbuyer. The Cannabist platform will be included in the premium subscription for Leafbuyer customers. “Clients using the premium subscription increase their exposure significantly to out of state consumers and tourists,” Mr. Breen also stated.
Both companies have established strong brands in Colorado and are now pushing into markets in Washington, Oregon, California, Arizona, Nevada and Michigan. Both firms value this partnership since it delivers better content and information to the consumer.
About Leafbuyer Technologies, Inc.:
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. Leafbuyer’s national network of cannabis deals and information reaches millions of consumers monthly. Leafbuyer is the official marijuana deals platform of thecannabist.co (owned by The Denver Post) and westword.com.