Posabit Systems - POSAF STOCK NEWS

Welcome to our dedicated page for Posabit Systems news (Ticker: POSAF), a resource for investors and traders seeking the latest updates and insights on Posabit Systems stock.

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.

04/29/2024 07:02 AM

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POSaBIT Announces Anticipated Late Filing of 2023 Annual Filings

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POSaBIT Systems , trading as PBIT on the CSE and POSAF on the OTC, is expecting a delay in filing its 2023 annual financial statements by April 29, 2024, due to a change in auditors. The company aims to complete the filings by May 17, 2024, and has applied for a management cease trade order (MCTO) until then. The delay will postpone a scheduled conference call and webcast.

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04/09/2024 07:05 AM

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POSaBIT to Host Fourth Quarter and FY 2023 Earnings Conference Call

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POSaBIT Systems to host conference call and webcast to discuss Q4 and full-year results for 2023.

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5.19%

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12/29/2023 07:35 PM

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POSaBIT Closes Non-Brokered Unit Offering to Fund Convertible Unsecured Note Maturity

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POSaBIT Systems Corporation (PBIT) closed a non-brokered private placement of 3,107,142 units at a price of CAD$0.28 per unit, raising approximately CAD$870,000 or USD$650,000 to repay convertible promissory notes. Perga Capital Partners LP purchased 2,857,929 units, providing aggregate gross proceeds of approximately CAD$800,220. The offering includes 3,107,142 common shares and 2,734,284 warrants, subject to a four-month hold period. The related party transaction is exempt from formal valuation and minority shareholder approval requirements.

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12/22/2023 07:00 AM

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POSaBIT Applies to List Common Shares on the TSXV

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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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7.5%

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12/21/2023 05:30 PM

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POSaBIT Announces Non-Brokered Unit Offering to Fund Convertible Unsecured Note Maturity

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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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7.5%

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11/30/2023 04:00 PM

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POSaBIT Reports Third Quarter 2023 Financial Results

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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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28%

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11/20/2023 08:50 AM

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POSaBIT to Host Third Quarter 2023 Earnings Conference Call

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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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11/15/2023 08:57 AM

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POSaBIT Ranked Number 132 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™

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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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10/11/2023 07:03 PM

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POSaBIT Provides Update on PIN Debit Processing

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POSaBIT provides update on PIN debit processing solution

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09/07/2023 08:15 AM

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POSaBIT Announces Highly Anticipated Full Launch of POSaBIT POS 2.0, Setting a New Standard for Point-of-Sale Technology

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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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FAQ

What is the current stock price of Posabit Systems (POSAF)?

The current stock price of Posabit Systems (POSAF) is $0.0615 as of February 25, 2025.

What is the market cap of Posabit Systems (POSAF)?

The market cap of Posabit Systems (POSAF) is approximately 10.2M.

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.