POSABIT SYSTEMS CORP - POSAF STOCK NEWS

POSaBIT Systems Corporation (OTC:POSAF) has entered a partnership with Alpine IQ, enhancing its payments infrastructure in the cannabis sector. This two-way integration streamlines transactions, enabling dispensaries to offer loyalty rewards directly at the point of sale. The collaboration aims to boost sales and customer satisfaction, providing dispensaries with valuable insights into consumer behavior. POSaBIT's CEO, Ryan Hamlin, praised the partnership's potential, while Alpine IQ’s CEO highlighted its importance for retailers seeking growth in competitive markets.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), a leader in cannabis payment solutions, will attend several key conferences, including A.G.P.'s Virtual Fall Consumer Cannabis Conference on October 5, 2021, and the Benzinga Cannabis Capital Conference in New York on October 14, 2021. The company will also participate in the MJBizCon event in Las Vegas from October 19-22, showcasing its innovative payment processing solutions designed for cash-only businesses in the cannabis industry.

POSaBIT Systems Corporation (OTC:POSAF) has announced its entry into the New Mexico cannabis market by partnering with a major retail chain. This marks the company's operation in its 15th state as part of its initiative to expand across the U.S. cannabis sector. CEO Ryan Hamlin expressed enthusiasm for entering New Mexico, recognizing it as an emerging market. POSaBIT specializes in payment processing solutions for cash-only businesses, particularly in high-risk sectors like cannabis, aiming to enhance safety and transparency for merchants and consumers alike.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) announced its participation in Canaccord Genuity's 41st Annual Growth Conference on August 11, 2021. The presentation is scheduled for 4:00-4:25 PM ET and will focus on the company's innovative payment solutions for the cannabis industry. Investors and interested parties can join the webcast here. POSaBIT specializes in blockchain-enabled payment processing, aiming to improve cash-only business operations in emerging markets.

POSaBIT Systems Corporation (OTC:POSAF) has announced its trading on the OTCQB Venture Market, enhancing trading opportunities for U.S. investors. This milestone is vital for the company's growth strategy. POSaBIT is also expecting DTC eligibility soon, which will facilitate electronic clearing and settlement of its shares, thus improving trading efficiency. The OTCQB offers better visibility and compliance standards, which can positively impact investor confidence. POSaBIT continues to trade on the Canadian Securities Exchange under the ticker PBIT.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF) announced a partnership with springbig, enhancing its payment infrastructure in the cannabis industry. This integration offers dispensaries improved loyalty programs, marketing tools, and data insights. CEO Ryan Hamlin emphasized the collaboration as industry-leading, while springbig's CEO Jeffrey Harris noted the partnership fosters deeper consumer-retailer connections. The two companies will also host a free webinar on July 28 to showcase the new integration, which allows seamless loyalty rewards and enhanced marketing capabilities.

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) reported robust financial results for Q2 2021, with revenue soaring 232% to $5.0 million, up from $1.5 million in Q2 2020. Transactional sales reached $87.3 million, a 331% increase, and gross profit climbed 350% to $1.3 million. However, the company recorded a net loss of $878,000, compared to $242,000 in the same quarter last year. POSaBIT expects continued growth, raising its annual revenue guidance to $17.5M-$19M. Plans to expand operations into Canada and additional U.S. states are also underway.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF) will host a conference call on July 22, 2021 at 4:30 p.m. Eastern Time to discuss its second quarter 2021 results. Investors can join the call via toll-free number 888-506-0062 or internationally at 973-528-0011 using entry code 645461. A live webcast will also be available at this link. A replay of the call will be accessible about an hour after the event concludes.

POSaBIT Systems Corporation (CSE: PBIT, OTC:POSAF) announces management's presentation at the LD Micro Virtual Investor Conference, scheduled for June 8, 2021, at 4:30 p.m. ET (Track 4). The company, known for its innovative payment processing and point-of-sale systems targeting cash-only businesses in the cannabis sector, is set to share insights during this event. A live audio webcast will be available, along with an archive of the presentation. For more details, visit ldmicrojune2021.mysequire.com.