POSaBIT to Host Fourth Quarter and FY 2022 Earnings Conference Call

Rhea-AI Summary

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) announced a conference call on April 26, 2023, at 4:30 PM Eastern Time to discuss its fourth quarter and full year results for the period ended December 31, 2022. The company specializes in payment solutions for the cannabis sector and aims to advance cashless transactions in the industry. Investors can join the call via toll-free numbers or through a live webcast accessible via provided links.

The press release contains forward-looking statements about the company's strategy and operational expectations. It highlights potential risks associated with market conditions and regulatory uncertainties that might affect future performance.

Positive

• Focus on expanding cashless payment solutions in the cannabis industry.
• Upcoming conference call to discuss fourth quarter and full year results, indicating transparency with investors.

Negative

• Risks associated with market conditions and regulatory uncertainties may impact business performance.
• Competition from better-financed companies could hinder growth.

TORONTO & SEATTLE--(BUSINESS WIRE)-- POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, will host a conference call and live webcast on April 26, 2023 at 4:30 p.m. eastern time to discuss the results of the fourth quarter and full year ended December 31, 2022.

Conference Call Information
Date: Wednesday, April 26, 2023
Time: 4:30 PM Eastern Time
Participant Numbers: Toll Free: 888-506-0062 International: 973-528-0011 Access Code: 681160
Webcast URL: https://www.webcaster4.com/Webcast/Page/2708/48212

Conference Call Replay Information:
Toll Free: 877-481-4010 International: 919-882-2331 Replay Passcode: 48212
Webcast Replay URL: https://www.webcaster4.com/Webcast/Page/2708/48212

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding our business strategy, product development, timing of product development, events and courses of action. Statements which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, outlook, expectations or intentions regarding the future including words or phrases such as “anticipate,” “objective,” “may,” “will,” “might,” “should,” “could,” “can,” “intend,” “expect,” “believe,” “estimate,” “predict,” “potential,” “plan,” “is designed to” or similar expressions suggesting future outcomes or the negative thereof or similar variations, including the Company’s ability to continue to execute on its commercial agreements with MJ Freeway merchants and the expected synergies related to the Company’s recently announced acquisition of Hypur. 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 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; and our relationships with our customers, distributors and business partners.

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.

About POSaBIT

POSaBIT (CSE: PBIT, OTC: POSAF) is a FinTech, working exclusively within the cannabis industry. We provide a best-in-class Point-of-Sale solution and are the leading cashless payment provider for cannabis retailers. We work tirelessly to build better financial services and transaction methods for merchants. We bring cutting edge software and technology to the cannabis industry so that all merchants can have a safe and compliant set of services to solve the problems of a cash-only industry. For additional information, visit www.posabit.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230418005339/en/

Investor Relations:

Hayden IR

James Carbonara

(646) 755-7412

james@haydenir.com

investors@posabit.com

Media Relations:

Oscar Dahl

855-767-2248

oscar@posabit.com

Management:

Ryan Hamlin

Co-founder and CEO of POSaBIT

855-767-2248

investors@posabit.com

Source: POSaBIT Systems Corporation

FAQ

What date is POSAF's upcoming conference call?

POSAF's upcoming conference call is on April 26, 2023.

What time is the POSAF conference call scheduled for?

The conference call is scheduled for 4:30 PM Eastern Time.

How can I access the POSAF conference call?

You can access the call via toll-free numbers or through a live webcast linked in the press release.

What financial results will POSAF discuss in the conference call?

The call will discuss the fourth quarter and full year results for the period ended December 31, 2022.

What are the risks mentioned in POSAF's press release?

The risks include market conditions, regulatory uncertainties, and competition from better-financed companies.