OTC Markets Group Welcomes POSaBIT Systems Corporation to OTCQX
OTC Markets Group Inc. (OTCM) has announced that POSaBIT Systems Corporation (CSE: PBIT; OTCQX: POSAF) has qualified to trade on the OTCQX Best Market after upgrading from the OTCQB Venture Market. This transition allows POSaBIT to demonstrate its compliance with high financial standards and best practices in corporate governance. The company provides payments infrastructure for the cannabis industry and has seen revenues double each year since launching its services. It now processes millions of dollars monthly across numerous dispensaries.
- POSaBIT upgraded to OTCQX Best Market from OTCQB, indicating enhanced visibility and credibility.
- Revenue has doubled every year since POSaBIT launched its solutions.
- POSaBIT processes millions of dollars in transactions monthly across various dispensaries.
- None.
NEW YORK, Aug. 31, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced POSaBIT Systems Corporation (CSE: PBIT; OTCQX: POSAF), payments infrastructure provider for the cannabis industry, has qualified to trade on the OTCQX® Best Market. POSaBIT Systems Corporation upgraded to OTCQX from the OTCQB® Venture Market.
POSaBIT Systems Corporation begins trading today on OTCQX under the symbol “POSAF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market provides investors with a premium U.S. public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
About POSaBIT Systems Corporation
POSaBIT is the leading payments infrastructure provider for the cannabis industry. Founded in 2015, POSaBIT's mission is to provider compliant, secure, and efficient merchant services for the cannabis industry. Well-funded and boasting an experienced team, POSaBIT has forever been a strict adherent to all regulatory guidelines within an ever-changing industry. This steadiness has allowed the company to grow and gain the trust of dispensaries large and small throughout the United States. The company currently processes millions of dollars per month in hundreds of stores across the country. Revenues have doubled every year since POSaBIT released its solutions to the market. The company is publicly traded, is routinely audited, and continues to cultivate strong relationships with banking institutions throughout the United States. POSaBIT remains focused on hyper-growth within the industry, investing heavily in continued iterations of its current technology, developing new product offerings, and the growth of its internal team.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
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