POSaBIT Announces Sarah Mirsky-Terranova as Chief Compliance Officer
POSaBIT Systems Corporation (OTC: POSAF) has appointed Sarah Mirsky-Terranova as its new Chief Compliance Officer. With extensive experience in compliance and regulatory processes, she aims to enhance the company's focus on compliance as it expands in the cannabis industry. POSaBIT, a leading cashless payment provider for cannabis retailers, sees this appointment as pivotal for navigating complex regulations and fostering relationships in newly legalized markets. CEO Ryan Hamlin expressed excitement over her joining, emphasizing the importance of compliance in a fast-evolving industry.
- Appointment of Sarah Mirsky-Terranova as Chief Compliance Officer, indicating a strategic focus on compliance.
- Mirsky-Terranova's extensive experience in compliance could strengthen POSaBIT's regulatory standing.
- POSaBIT's position as a leading cashless payment provider aligns with expanding cannabis legalization.
- None.
“Sarah’s depth of experience and industry knowledge provides our company with a tremendous opportunity to build upon our already intense focus on compliance,” said
“More and more states continue to legalize both recreational and medicinal cannabis use, and to be at the forefront of it is truly exciting,” said
Sarah is a skilled compliance C-suite executive and attorney, and boasts extensive experience in managing and advising on in-depth case investigations pertaining to BSA/AML, financing and trafficking, sanctions, KYC, and fraud-related matters. In previous roles, she has managed regulatory reviews and mitigated gaps found in the financial crime investigative/escalation process that could pose a regulatory risk. In her role as Chief Compliance Officer of the Company, she will lead the
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Cautionary Note Regarding Forward-Looking Information and Statements
This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to, business, economic and capital market conditions; the ability to manage our operating expenses, which may adversely affect our financial condition; our ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; market conditions and the demand and pricing for our products; our relationships with our customers, distributors and business partners; our ability to successfully define, design and release new products in a timely manner that meet our customers’ needs; our ability to attract, retain and motivate qualified personnel; competition in our industry; our ability to maintain technological leadership; our ability to manage risks inherent in foreign operations; the impact of technology changes on our products and industry; our failure to develop new and innovative products; our ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect our business; our ability to manage working capital; and our dependence on key personnel.
Important factors that could cause actual results to differ materially from POSaBIT’s expectations include consumer sentiment towards POSaBIT’s products, litigation, global economic climate, loss of key employees and consultants, additional funding requirements, changes in laws, technology failures, competition, and failure of counterparties to perform their contractual obligations.
Neither we nor any of our representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither we nor any of our representatives shall have any liability whatsoever, under contract, tort, trust or otherwise resulting from the use of the information in this news release or for omissions from the information in this news release.
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