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POSABIT SYSTEMS CORP (POSAF) is a leading provider of point of sale (POS) solutions for the cannabis industry. The company offers a comprehensive suite of products that streamline operations, improve customer experience, and ensure compliance with state regulations. POSABIT's innovative technology allows dispensaries to process transactions securely, track inventory in real-time, and generate detailed reports for business analysis. With a strong focus on customer satisfaction and industry expertise, POSABIT SYSTEMS CORP continues to expand its market presence and drive growth in the rapidly evolving cannabis sector.
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POSaBIT Systems Corporation (PBIT) has filed an application to list its common shares on the TSX Venture Exchange, aiming to expand its market exposure and improve trading liquidity. The company's CEO, Ryan Hamlin, expressed optimism about the potential benefits for shareholders and the possibility of inclusion in indexes and ETFs.
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POSaBIT Systems Corporation (PBIT) plans to complete a non-brokered private placement of up to 3,107,142 units to fund the repayment of convertible promissory notes, with gross proceeds of approximately CAD$870,000 or USD$650,000. The offering includes the issuance of 3.1 million common shares and 2.7 million warrants, partially offset by the cancellation of 3.85 million warrants previously issued to Perga Capital Partners LP. The company also announced the close of USD$1,040,000 principal amount of 12% convertible unsecured notes due December 31, 2023, with USD$565,000 principal amount not converting and to be repaid at maturity.
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POSaBIT Systems Corporation (PBIT) Announces Return to 75% of Pre-Disruption Transaction Processing Volume, Cost Reduction Program, and Intention to List on TSXV
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POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) 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. Investors can join the call to gain insights into the company's performance and future prospects.
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POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) has achieved an impressive 1,092% revenue growth from fiscal years 2019 to 2022. This growth has been attributed to the company's industry-leading product platform and relentless focus on customer satisfaction. The company's CEO, Ryan Hamlin, expressed pride in the team's work and highlighted their partnership with customers and the cannabis community as crucial factors in their success. The company ranked 132nd on the Deloitte Technology Fast 500™, showcasing its rapid growth and innovation in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors in North America.
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POSaBIT provides update on PIN debit processing solution
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POSaBIT Systems Corporation announces full launch of POSaBIT POS 2.0, a next-generation point-of-sale system with enhanced features and integrations.
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POSaBIT Systems Corporation reports Q2 2023 financial results with revenue of $13.5 million, up 65% YoY and 52% organic growth. Reaffirms FY 2023 revenue guidance of $58.5-$61.5 million, representing growth of over 62% at the midpoint compared to FY 2022.
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POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) 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.
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FAQ
What is the current stock price of POSABIT SYSTEMS (POSAF)?
The current stock price of POSABIT SYSTEMS (POSAF) is $0.09315 as of October 15, 2024.
What is the market cap of POSABIT SYSTEMS (POSAF)?
The market cap of POSABIT SYSTEMS (POSAF) is approximately 13.3M.
What does POSABIT SYSTEMS CORP specialize in?
POSABIT SYSTEMS CORP specializes in providing point of sale solutions for the cannabis industry.
How does POSABIT's technology benefit dispensaries?
POSABIT's technology allows dispensaries to process transactions securely, track inventory in real-time, and generate detailed reports for business analysis.
POSABIT SYSTEMS CORP
OTC:POSAF
POSAF Rankings
POSAF Stock Data
13.29M
101.21M
35.98%
0.02%
Software - Application
Technology
United States of America
Bellevue