Hypur

POSaBIT Systems Corporation (OTCQX: POSAF) (CSE:PBIT) has acquired certain assets from Hypur Inc., effective April 1, 2023, in a cash and equity transaction valued at up to $7.5 million, implying a purchase price multiple of 1.4x 2022 revenue. Hypur is a provider of compliant, sustainable payment...

For years, some if not most cannabis retailers have been obliged to employ a workaround to function within the restrictive system. Now, that is no longer an option.  Marijuana merchants have been relying on cashless ATMs to bypass limitations on the types of sales payment...

Aeropay and Flyhi entered into a strategic partnership bringing contactless, cashless cannabis delivery payments to businesses and consumers in Denver, CO. The partnership includes integration of Aeropay's digital and compliant payment solutions into Flyhi's on-demand home delivery service...

The burgeoning recreational marijuana industry – illegal at the federal level yet legal for adults in some 18 U.S. states and Washington DC – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status of the cannabis plant.  The biggest problem?...

This week, the Benzinga Cannabis Hour presents a jam-packed show with a timely slate of finance pros. Tune in at 4 p.m. Thursday, Jan. 21, for: Hypur CRO Tyler Beuerlein Merida Capital partner Daisy Mellet Measure Eight CEO Justin Ort Hypur, a fintech firm specializing in contactless...

Financial services company Plaid, known for powering account verification for some of the world’s biggest financial apps like Venmo and Robinhood, was recently acquired by Visa Inc (NYSE: V). Considering Visa currently does not allow cannabis payments processing, cannabis-focused digital...

Payment processing company Hypur is announcing Thursday a new partnership with leading credit union GFA Federal Credit Union, Benzinga has learned. The goal of the partnership is to provide consumers with digital, contactless payments for in-store cannabis orders, including curbside pickup...

At the Benzinga virtual Cannabis Capital Conference on Tuesday, a panel of finance experts discussed common myths about banking in the cannabis industry and the types of financing challenges that still exist for U.S. cannabis companies. Transparency Is Key: Edith Farrell, BSA Officer at Union Bank...

As numerous reports have shown over the past few years, women are wildly underrepresented in the cannabis industry’s executive level. In fact, data has shown less than 30% of C-Suite positions in the industry are occupied by females. Seeking to help remediate this situation is Scottsdale...

Helix Technologies Inc. (OTC: HLIX), a provider of an operating services platform for the cannabis industry, posted first-quarter revenue of $4.6 million Monday, a 35% year-over-year increase. The Greenwood Village, Colorado-based company said its gross profit rose by 58%...

Dutchie, a company operating an online cannabis marketplace offering home deliveries, recently started processing Visa (NYSE: V) and Mastercard (NYSE: MA) payments in Canada. Now, the Oregon-based company is launching a payments option for U.S. customers. Dutchie is officially partnering with Hypur...

In March, California cannabis producer and retailer Caliva terminated its partnership with delivery platform Eaze.  Since then, the company has focused on improving its self-managed delivery service. A new partnership with cashless payment service Hypur allows Caliva to accept electronic...

Visa Inc (NYSE: V) or Mastercard Inc (NYSE: MA)-enabled payments are not the saving grace for the cannabis industry, as consumers still prefer other payment methods, according to a new nationwide cannabis consumer payment preference survey conducted by payment and banking platform Hypur....

WAYV, the VC-backed company launched by Eaze’s founder Keith McCarty, and finance and compliance tech company Hypur have partnered up to launch a “credit card-like” B2B technology solution for the cannabis industry. The payments solution, aimed at the entire cannabis supply chain...

Tyler Beuerlein of fintech company Hypur explains the complex and confounding banking, compliance and tax issues facing the cannabis industry today, from what’s permissible in the payment landscape, debit and credit rail networks, and if the cryptocurrency model fits within the industry....