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POSaBIT Partners With Last Mile Delivery Management Company To Extend Payment Services For Cannabis Customers
Tuesday, November 29, 2022 - 12:02pm | 412POSaBIT Systems Corporation (OTCQX: POSAF) (CSE:PBIT) entered into a partnership and product integration with Onfleet, a 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...
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POSaBIT Continues Expansion, Goes Live With Cannabis Point Of Sale System In Vermont
Monday, November 28, 2022 - 11:49am | 389POSaBIT Systems Corporation (OTCQX: POSAF) (CSE:PBIT) 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...
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POSaBIT Releases POSaBIT 2.0, Their Next-Generation Cannabis Point Of Sale Platform
Tuesday, November 15, 2022 - 12:06pm | 335POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF), the premier cannabis point of sale and payments platform, has unveiled POSaBIT 2.0. “The release of POSaBIT 2.0 provides our users with an improved experience; simple as that,” stated Ryan Hamlin, co-founder and CEO of POSaBIT....
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POSaBIT Hits Record Revenue Of $10M In Q3, Enters New York Market
Tuesday, October 18, 2022 - 9:52am | 328POSaBIT Systems Corporation (OTCQX: POSAF) (CSE:PBIT), announced record revenue of at least $10.0 million in Q3 2022 as compared to revenue of $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...
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POSaBIT Enters Recreational Cannabis Market In Illinois
Tuesday, September 20, 2022 - 8:17am | 349POSaBIT Systems Corporation (OTCQX: POSAF) (CSE:PBIT) 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 also revealed that...
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POSaBIT Secures $3.63M Private Offering, Aiming To Reach 8 More States
Tuesday, June 21, 2022 - 8:44am | 489POSaBIT Systems Corporation (OTCQB: POSAF) (CSE:PBIT) the leading provider of payments infrastructure in the cannabis industry, secured a non-brokered private placement of 5.86 million units of the company, at a premium to market subscription price of CA$0.80 per unit, for aggregate gross proceeds...
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POSaBIT Q1 2022 Strong Revenue Growth, Reafirms 2022 Revenue Guidance
Friday, May 27, 2022 - 9:41am | 428POSaBIT Systems Corporation (OTCQB: POSAF) (CSE:PBIT) total revenue for Q1 2022 was $6.4 million, up 79% compared with $3.5 million in the first quarter of 2021. Q1 2022 Financial Highlights Transactional sales for payment services totaled $103 million, up 61% compared with $64.0 million in the...
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POSaBIT Reports Net Loss Of $10.6M, Revenue Of $21.3M Grew 172% In 2021
Friday, April 29, 2022 - 8:44am | 694POSaBIT Systems Corporation (OTCQB: POSAF) (CSE:PBIT), released its financial results for the three and 12-months ended December 31, 2021. Full Year 2021 Financial Highlights Net loss was $(10.6) million, inclusive of a $(9.7) million, non-cash change in fair value of derivative liabilities,...
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POSaBIT Enters Two New Markets, Texas And Georgia
Tuesday, March 22, 2022 - 8:19am | 177Provider of point of sale software and payments infrastructure in the cannabis industry, POSaBIT Systems Corporation (OTCQB: POSAF) (CSE:PBIT) has launched their point of sale and payments solution in two new markets: Texas and Georgia. These are the seventeenth and eighteenth states overall...
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POSaBIT Launches Point Of Sale For Cannabis Retailers In West Virginia
Tuesday, March 15, 2022 - 2:06pm | 186POSaBIT Systems Corporation (OTC: POSAF)(CSE:PBIT) provider of point of sale software and payments infrastructure in the cannabis industry, entred into the West Virginia medical cannabis market where they are now live with their point of sale solution. “We have made it a priority to...
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POSaBIT Enters CBD Point Of Sale Market
Tuesday, March 8, 2022 - 10:15am | 311POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF) has entered the CBD market with their point of sale solution. POSaBIT is now live in over twenty brick and mortar CBD locations nationwide, opening up thousands of new market opportunities for the company. “We are incredibly excited to...
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Cannabis Fintech Company POSaBit: Q3 Revenue Improves 173% To $6.3M, Raises Full-Year Guidance
Wednesday, December 1, 2021 - 9:19am | 554Cannabis-focused financial technology company POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF) reported its third-quarter financial results on Tuesday with revenue of $6.3 million, up by 173% from $2.3 million in the same period year ago. The Toronto and Seattle-based company noted that...
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Cannabis Dispensary Roundup: POSaBIT, Parallel, STIIIZY
Monday, October 25, 2021 - 5:19pm | 570POSaBIT Debuts In-Store Payment Kiosk For Dispensaries Cannabis-focused financial technology company POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF) unveiled last Wednesday the POSaBIT Kiosk, a versatile and standalone hardware option for dispensaries and retailers. The Seattle-based company...
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Fintech Co. POSaBit Teams Up With Springbig To Create POS Loyalty Program For Cannabis Dispensaries
Tuesday, July 27, 2021 - 8:27am | 447Cannabis-focused financial technology company POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF) confirmed Monday it is teaming up with a provider of CRM software for cannabis dispensaries and brands springbig. Through this partnership, the duo will create a new...
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Cannabis Fintech Company POSaBIT Reports 232% YoY Spike In Q2 Revenue, Raises 2021 Guidance
Friday, July 23, 2021 - 11:46am | 357Cannabis-focused financial technology company POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF) announced Thursday that its total revenue amounted to $5 million in the second quarter of 2021, representing a 232% year-over-year increase. The Toronto-headquartered company also reported that...