Articles from POSaBIT Systems Corporation

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three months ended March 31, 2025.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on May 30, 2025 at 4:30 PM ET to discuss the results of the first quarter ended March 31, 2025.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and twelve months ended December 31, 2024.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on April 24, 2025 at 4:30 PM ET to discuss the results of the fourth quarter and full year ended December 31, 2024.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), a leading provider of point of sale and payments infrastructure in the cannabis industry, is proud to announce that it now processes over 85% of all point of sale cannabis transactions in Washington State. This milestone underscores POSaBIT's commitment to delivering innovative, secure, and feature-rich solutions to cannabis retailers.​

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three months ended September 30, 2024.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on November 26, 2024 at 4:30 PM ET to discuss the results of the third quarter ended September 30, 2024.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), a leading provider of point of sale software and payments infrastructure in the cannabis industry, has completed work on fully integrating Metrc Connect reporting in their industry leading Point of Sale system for all states that utilize the track and trace system.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments and point-of-sale infrastructure in the cannabis industry, today announced its financial results for the three months ended June 30, 2024.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on August 27, 2024 at 4:30 PM ET to discuss the results of the second quarter ended June 30, 2024.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three months ended March 31, 2024.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on June 13, 2024 at 4:30 PM ET to discuss the results of the first quarter ended March 31, 2024.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT"), announces today that the Company is anticipating a delay in filing its interim financial statements and accompanying management's discussion and analysis for the three months ended March 31, 2024 (the "Q1 Interim Filings"), by the filing deadline on May 30, 2024 (the "Filing Deadline"), as required by National Instrument 51-102 – Continuous Disclosure Obligations.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and twelve months ended December 31, 2023.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will report fourth quarter and full year ended December 31, 2023 financial results on May 14, 2024 before the market open. The Company will host a conference call and live webcast at 4:30 PM ET.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT") announces today that the Company is anticipating a delay in filing its annual financial statements and accompanying management's discussion and analysis for the year ended December 31, 2023 (the "Annual Filings"), by the filing deadline on April 29, 2024 (the "Filing Deadline"), as required by National Instrument 51-102 – Continuous Disclosure Obligations. As a result of the expected delay in filing the Annual Filings, the Company's previously announced conference call and live webcast originally scheduled for April 29, 2024 at 4:30 PM ET will be postponed until the Annual Filings are completed.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on April 29, 2024 at 4:30 PM ET to discuss the results of the fourth quarter and full year ended December 31, 2023.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT"), a leading provider of payments infrastructure in the cannabis industry, is pleased to announce that, further to its previous press release dated December 21, 2023, it has closed a non-brokered private placement of 3,107,142 units of the Company (the "Units"), at a price of CAD$0.28 per Unit, for aggregate gross proceeds of approximately CAD$870,000 or USD$650,000 (the "Offering") to fund the repayment of certain convertible promissory notes at maturity.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT"), a leading provider of payments infrastructure in the cannabis industry, is pleased to announce that it has filed its application to list the Company's common shares (the "Common Shares") on the TSX Venture Exchange (the "TSXV").

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT"), a leading provider of payments infrastructure in the cannabis industry, is pleased to announce that it intends to complete a non-brokered private placement of up to 3,107,142 units of the Company (the "Units"), at a price of $0.28 per Unit, for aggregate gross proceeds of up to approximately CAD$870,000 or USD$650,000 (the "Offering") to fund the repayment of certain convertible promissory notes at maturity. The Units have been priced at the closing price of the Company’s common shares (“Common Shares”) on the Canadian Securities Exchange on December 20, 2023.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and nine months ended September 30, 2023.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on November 30, 2023 at 4:30 PM ET to discuss the results of the third quarter ended September 30, 2023.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced it ranked 132nd on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. POSaBIT grew revenue 1,092% from fiscal years 2019 to 2022.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today provided an update on its PIN debit processing solution. Recently, there has been an industry-wide decrease in debit acceptance rates caused, in part, by the removal of certain payment rails. As a result, industry-wide PIN debit acceptance rates have declined to an unacceptable level of approximately 30-40%. While the Company is optimistic that acceptance rates will be restored to historical levels of 90%+ in the near-term, there is no set timetable for such restoration and there can be no assurance that such historical acceptance rates will be restored.

POSaBIT Systems Corporation (the "Company" or "POSaBIT") (CSE: PBIT; OTC: POSAF), a leading provider of point-of-sale software and financial technology, is excited to announce the full launch of POSaBIT POS 2.0, the next-generation of the Company's ground-breaking point-of-sale system. After receiving positive feedback during its beta phase, the Company is confident that POSaBIT POS 2.0 will redefine the customer experience across the cannabis industry.

POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and six months ended June 30, 2023.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on August 24, 2023 at 4:30 p.m. eastern time to discuss the results of the second quarter ended June 30, 2023.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three months ended March 31, 2023.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “ Company ” or “ POSaBIT ”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on May 31, 2023 at 4:30 p.m. eastern time to discuss the results of the first quarter ended March 31, 2023.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and 12 months ended December 31, 2022.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on April 26, 2023 at 4:30 p.m. eastern time to discuss the results of the fourth quarter and full year ended December 31, 2022.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced the receipt of a notice of termination (the “Notice”) from Akerna Corp. (“Akerna”) in connection with the Company’s previously announced definitive agreement to acquire MJ Platform, Leaf Data Systems and Ample Organics (the “Acquired Companies”). The Notice states that Akerna has determined that a third party proposal for the Acquired Companies (the “Alternative Offer”) is reasonably likely to result in a superior offer under the definitive agreement.

POSaBIT Systems Corporation (“POSaBIT” or the “Company”) (CSE: PBIT, OTC: POSAF), a premier point-of-sale and payments provider for the cannabis industry, today announced it has acquired certain assets from Hypur Inc. (“Hypur”), effective April 1, 2023, in a cash and equity transaction valued at up to US$7.5 million, implying a purchase price multiple of 1.4x 2022 revenue.1

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a premier point-of-sale and payments provider for the cannabis industry, today provided financial guidance for 2023.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the premier point-of-sale and payments provider for the cannabis industry, today announced that management will participate in a fireside chat at the 35th Annual Roth Conference on Monday, March 13, 2023 at 5:00 pm ET / 2:00 pm PT. Investors can view the webcast at the following link: https://wsw.com/webcast/roth46/posaf/1982415.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of payments infrastructure in the cannabis industry, is proud to name Sarah Mirsky-Terranova, Esq., as the company’s Chief Compliance Officer.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (“POSaBIT” or the “Company”), the premier cannabis payments and point of sale platform, is proud to name Chris Baker to the company’s newly-created Chief Strategic Officer role.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced it has signed a definitive agreement to acquire MJ Platform, Leaf Data Systems and Ample Organics (collectively, the “Acquired Companies”) from Akerna Corp. (Nasdaq: KERN) for US$4 million in an all-cash transaction (the “Acquisition”).

POSaBIT Systems Corporation (“POSaBIT” or the “Company”) (CSE: PBIT, OTC: POSAF), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and nine months ended September 30, 2022.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the premier cannabis point of sale and payments platform, today announced a partnership and product integration with Onfleet, the leading last mile delivery management software platform. The integration extends the POSaBIT payments and point-of-sale technologies into the Onfleet platform to streamline processes and improve efficiency for cannabis customers.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the premier cannabis point of sale and payments platform, has gone live with their point of sale system in the Vermont market. While POSaBIT is able to take payments in any state, the unique regulatory requirements of each state mean that the point of sale system is extensively customized for each market. Vermont marks the 21st state that is active with POSaBIT’s dispensary solutions. This is a continuation of the company’s focus on eastward expansion into emerging markets; Vermont’s first recreational cannabis store only opened October 1st of this year.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, today announced it will be presenting at the Benchmark Company’s 11th Annual Discovery One-on-One Investor Conference to be held Thursday, December 1st, 2022 at the New York Athletic Club in New York City.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, will host a conference call and live webcast on November 29, 2022 at 4:30 p.m. eastern time to discuss the results of the third quarter ended September 30, 2022.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), the leading provider of point of sale software and payments infrastructure in the cannabis industry, is poised to announce their first ever US$10.0+ million revenue quarter with record revenue of at least US$10.0 million in Q3 20221 as compared to revenue of US$6.3 million in Q3 2021, representing an approximately 60% increase year-over-year. The Company expects to announce complete results for the third quarter of 2022 by the end of November.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, has entered the recreational cannabis market in Illinois. This marks the twentieth state in which POSaBIT’s solutions are currently active, and the fourth new state the company has entered this calendar year. POSaBIT is also pleased to announce that August was another record payments revenue month for the company, marking the continuation of an upward trend seen throughout 2022.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, announced today that it has qualified to trade on the OTCQX® Best Market and begins trading today on OTCQX under the symbol “POSAF.” POSaBIT’s common shares will continue to also trade on the Canadian Stock Exchange under the symbol “PBIT”.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three months ended June 30, 2022.

POSaBIT Systems Corporation (“POSaBIT” or the “Corporation”) is pleased to announce the effectiveness of a software license agreement signed after market close on August 22, 2022 (the “License Agreement”) pursuant to which POSaBIT has granted a non-exclusive, worldwide license to a large Cannabis technology partner (the “Licensee”) to commercialize the Corporation’s point-of-sale technology (the “Licensed Property”).

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, will host a conference call and live webcast on August 25, 2022 at 4:30 p.m. eastern time to discuss the results of the second quarter ended June 30, 2022.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (“POSaBIT” or the “Company”), the leading provider of payments infrastructure in the cannabis industry, announced today a non-brokered private placement of 5,861,941 units of the Company (the “Units”), at a premium to market subscription price of CAD$0.80 per Unit, for aggregate gross proceeds of approximately CAD$4.7 million (the “Offering”). Pursuant to the Offering, 4,500,000 Units will be issued to existing investors of the Company (the “Existing Investors”) who will, concurrently with the closing of the Offering, exercise 600,063 previously issued Common Share (as defined herein) purchase warrants for additional gross proceeds to the Company of CAD$0.2 million. The Offering is expected to close imminently.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of payments infrastructure in the cannabis industry, today announced a company record for both transactions processed and total merchants utilizing POSaBIT solutions in the month of May.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of payments infrastructure in the cannabis industry, has announced they will be presenting on the cannabis technology panel at the Jefferies 2022 Cannabis Summit on June 2 in New York City, and participating in one-on-one meetings.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three months ended March 31, 2022.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of payments infrastructure in the cannabis industry, today announced the appointment of Julie Solomon, Ph.D. as the company’s Chief Revenue Officer. Ms. Solomon joins POSaBIT from Synctera, a leading FinTech banking provider, where she served as the company’s Chief Revenue Officer.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, will host a conference call and live webcast on May 26, 2022 at 4:30 p.m. eastern time to discuss the results of the first quarter ended March 31, 2022.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, announced today that technical issues on its earnings call, for the fourth quarter and full year ended December 31, 2021, restricted the ability to ask questions.

POSaBIT Systems Corporation (“POSaBIT” or the “Company”) (CSE: PBIT, OTC:POSAF), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and 12-months ended December 31, 2021.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of payments infrastructure in the cannabis industry, has brought its point of sale system to New Mexico, coinciding with the start of recreational cannabis sales in the state on April 1.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, has launched their point of sale and payments solution in two new markets: Texas and Georgia. These are the seventeenth and eighteenth states overall where a POSaBIT solution is active.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, is proud to announce their entry into the West Virginia medical cannabis market, where they are now live with their point of sale solution.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, announced today that management will participate in a fireside chat at the Jefferies Payments & FinTech Summit on Tuesday, March 1, 2022 at 2:10 PM (ET). Investors can register to view the webcast at the following link: https://wsw.com/webcast/jeff225/posaf/2000628

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, today provided an update on its business.

POSaBIT Systems Corporation (CSE:PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three months ended September 30, 2021.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on November 30, 2021 at 4:30 p.m. eastern time to discuss the results of the third quarter 2021.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, today announced certain preliminary financial results for the third quarter ended September 30, 2021.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, has officially been accepted as an approved integrator for CCRS, Washington State’s new state traceability system, which is scheduled to go live in early December.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of payments infrastructure in the cannabis industry, has announced “Cash Advance”, a new loan factoring program for the cannabis industry. The Cash Advance platform will allow POSaBIT’s payments merchants to secure a loan from the company quickly and without hassle, and subsequently repay the loan through payout deductions from the company’s in-store processing.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on November 10, 2021 at 4:30 p.m. Eastern Time to discuss the results of the third quarter 2021.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, has unveiled the POSaBIT Kiosk, a versatile and standalone hardware option for dispensaries and retailers. The POSaBIT Kiosk allows customers to build out their carts, either in-store or online, and pay for their orders with a debit card directly from the kiosk.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, has announced the release of “POSaBIT Connect”, their publicly available API that allows 3rd party integrations of all kinds to gain access to the ever-expanding POSaBIT product suite.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, announced today that Ryan Hamlin, CEO and Co-Founder, will be presenting in the Citigroup FinTech Spotlight Series on Wednesday, October 6, 2021 at 2:00pm ET.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, is excited to announce a deep integration partnership with Alpine IQ, the leading data and marketing solutions provider for cannabis retailers. This two-way integration at the point of sale allows for a frictionless experience for customers and dispensaries. It also provides dispensaries a 360° program, enabling them to cultivate unmatched guest loyalty and drive incremental sales.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, will be participating in these upcoming conferences:

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF), the leading provider of payments infrastructure in the cannabis industry, is proud to announce their entry into the burgeoning New Mexico cannabis market, partnering with one of the largest retail chains in the state.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of payments infrastructure in the cannabis industry, today announced that management will present at: