Leafbuyer Technologies Inc. (OTCMKTS:LBUY) Plans To Acquire Trade Show CBD.io

Leafbuyer Technologies Inc. (OTCMKTS:LBUY) Plans To Acquire Trade Show CBD.io

Technologies Inc. (OTCMKTS:LBUY)
has announced the signing of a non-binding letter of intent for the
acquisition of majority interest in CBD.io a trade show operation based in Las
Vegas. CBD.io runs one of the biggest and most evident expos in the Vape and
CBD industries.

to leverage CBD.io’s financial model for profitability

The agreement also includes an ownership interest
in an e-commerce platform for the retail and wholesale sale of CBD. CBD is a
non-psychoactive cannabinoid that is prevalent in cannabis that research has
shown can help in relieving anxiety, pain as well as other ailments.

Leafbuyer Technologies CEO Kurt Rossner
said that CBD is growing to become a widespread phenomenon in pop culture whose
trade indicates that the industry is productive and still unsaturated. He added
that that CBD.io is a company that is profitable and has demonstrated that its
financial model can increase the company’s top line and thus help in growing
Leafbuyer’s earnings.

Rossner said that the upside of the
acquisition is the capability for Leafbuyer gaining incredible brand exposure
from one of the fastest growing segments in the cannabis industry. In 2019
CBD.io sold close to 200 booths, and in 2019 the company plans to cross-sell
the platform to more than 400 clients a figure they will expect to double.

positioned to offer clients more value

The CEO asserted that the company is well
positioned to offer its customers a true 360 solution. Leafbuyer’s product
clients can get access to millions of potential consumers through the in-person
and digital methods to whom they can create brand awareness and thus increase

CBD.io CEO Robb Hackett stated that last
year the company hosted one of the biggest and most successful CBD and hemp
industry expos in the US. He added that in 2019, the company is expanding its
reach with a focus on educational series and more speakers as well as host
almost double the booths and offer clients more value in the trade shows. Currently,
CBD is a hot product in the US and focus in now to expand trade shows to Asia
and Europe by 2020.

Published at Tue, 11 Jun 2019 12:01:41 +0000

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