Thursday, July 7, 2022

Penny Stock Spotlight on Leafbuyer Technologies Inc (OTCMKTS:LBUY)

Leafbuyer Technologies Inc (OTCMKTS:LBUY) is trading up +20% today with strong volume. LBUY’s renewed deal with the Cannabist, a cannabis news website, is pushing the recent action.
Traders are betting on the thesis that the deal connected to the respected Denver Post will continue to bring the company notoriety and expand the company’s reach. It is good partnership for the company, but one that still needs to fully color out. That said, these recent deals are strong and will be interesting and useful to cannabis buyers looking to save a buck.
Leafbuyer Technologies Inc (OTCMKTS:LBUY) trumpets itself as a technology-based cannabis marketing company based in Greenwood Village, CO. The company’s website, leafbuyer.com is the most comprehensive online source for cannabis deals and specials,
LBUY 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.
LBUY is now 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.
According to company materials, “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.”
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According to the release, 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.
While we are not knocking the new deal with the Cannabist, it begs the questions what long-term value this has for the stock. Increased exposure does not always turn into sales, so traders and investors should beg that question before totally jumping on the LBUY bandwagon. We believe the stock has an interesting product and a strong partnership network going.
Leafbuyer Technologies Inc (OTCMKTS:LBUY) is on a tear. There is no doubting that and the momentum is legitimate. We believe this stock is worth watching closely because of the news and the company’s strong balance sheet. LBUY has a $125.78M market cap with 58.09M shares out. For continuing coverage on shares of $LBUY stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $LBUY, either long or short, and we have not been compensated for this article.

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