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POSaBIT Systems Corporation develops financial technology for the cannabis industry, with products spanning point-of-sale software, cashless payment processing, eCommerce menus, loyalty tools and related merchant services. The company serves cannabis retailers and has expanded its software offering with POSaBIT Brands, an AI-driven portal for producers and processors that includes sales and inventory reporting, business intelligence, product catalog, vendor-managed inventory, order-building, data mapping, B2B ACH payments and custom reports.
POSaBIT news commonly covers quarterly and annual financial results, earnings conference calls, adjusted revenue and gross profit metrics, profitability measures, cash position updates, product launches and cannabis regulatory developments that affect payment acceptance and licensed operators.
POSaBIT Systems (POSAF) amended its outstanding $4.75 million loan with Perga Capital Partners, changing the repayment schedule, maturity date and interest rate. Under the new terms, POSaBIT will repay $2 million of principal over the next 18 months.
After this accelerated paydown, the remaining balance’s maturity is extended from March 31, 2028 to March 31, 2030, with monthly principal and interest payments over the final 24 months. The interest rate is reduced from 12% to 10% initially, then to 9% starting January 1, 2027 through maturity. The company expects this to improve its debt profile, lower ongoing loan costs and preserve financial flexibility, and it retains the option to make additional early principal payments. The amendment is a related party transaction under MI 61-101 but is exempt from formal valuation and minority approval requirements.
POSaBIT (OTC: POSAF, CSE: PBIT) reported second quarter 2026 results for the period ended June 30, 2026. Reported revenue was $2.25 million, down 15% year over year, while gross profit rose 11% to $2.04 million, lifting gross margin to 91% from 70% as cost of goods sold declined.
Operating costs increased 37% to $2.24 million, resulting in an operating loss versus operating income a year earlier, and a net loss of roughly $0.3 million. Adjusted metrics showed stronger performance: Adjusted Revenue was $3.41 million, Adjusted Gross Profit $3.20 million with a 93.8% margin, and Adjusted EBITDA $1.08 million. Point of Sale revenue grew 64% year over year, and cash and cash equivalents increased 34% sequentially to $3.34 million.
POSaBIT Systems (CSE: PBIT, OTC: POSAF) will host its second quarter 2026 earnings conference call and live webcast on August 20, 2026 at 4:30 PM ET to discuss results for the quarter ended June 30, 2026 and answer pre-submitted investor questions.
POSaBIT (CSE:PBIT, OTC:POSAF) reported results of its July 2, 2026 annual and special shareholder meeting. Shareholders approved all resolutions, including setting the board at three directors, electing Ryan Hamlin, Michael Apker and Bruce Jaffe, reappointing McGovern Hurley LLP as auditor, and authorizing a future common share consolidation ratio to be set by the board.
POSaBIT (OTC:POSAF) reported Q1 2026 results, featuring Adjusted EBITDA of about $970,000 and a 42% increase in cash to $2.5 million.
Revenue was $2.13 million (down 25% year over year), while gross profit rose 29% to $1.95 million with a 92% margin and a narrowed net loss of $291,480.
POSaBIT (OTC:POSAF, CSE:PBIT) will host a first quarter 2026 earnings conference call and live webcast on May 27, 2026 at 4:30 PM ET. Investors can submit questions by email before 12:00 PM ET the same day.
The call offers toll-free and international dial-in options, along with a webcast and replay for later access.
POSaBIT (OTC: POSAF) reported 2025 results showing Adjusted EBITDA of $2,548,278, cash and cash equivalents of approximately $1.8M (up 76% YoY) and Adjusted Revenue of $14,127,246. Reported revenue was $10,004,101 and reported net loss was $(1,996,568).
The company launched POSaBIT Brands in early 2026, expanding into producers and processors and reporting an adjusted gross profit margin of 80.4%.
POSaBIT (OTC: POSAF) launched POSaBIT Brands, an AI-driven platform for cannabis producers and processors, marking its first expansion beyond retail on April 21, 2026. The platform offers real-time sales and inventory reporting, vendor managed inventory (VMI), a centralized product catalog, B2B ACH payments, and business intelligence tools.
POSaBIT says POSaBIT Brands opens access to roughly 50% of the $35B+ cannabis supply chain and aims to connect brands and retailers with live data to reduce out-of-stocks and streamline ordering.
POSaBIT (OTC: POSAF) will host a fourth quarter and full-year 2025 earnings conference call and live webcast on April 22, 2026 at 4:30 PM ET. Investors may submit questions by 12:00 PM ET on April 22, 2026 to investors@posabit.com; top aggregated questions will be answered by the CEO.
Dial-in, participant code, webcast URL, and replay details are provided for live attendance and on-demand replay approximately one hour after the event.
POSaBIT (OTC: POSAF) welcomed the federal decision to reschedule cannabis from Schedule I to Schedule III, calling it a major industry inflection point on December 18, 2025. The company highlighted that rescheduling would eliminate the application of IRS tax code 280E to state-legal cannabis businesses, allowing ordinary business deductions for dispensaries and potentially improving profitability and cash flow. POSaBIT said rescheduling could also broaden access to banking and card-based payment solutions, reducing operational workarounds and increasing revenue potential for payment providers. POSaBIT noted rescheduling is not full legalization but represents a step toward a more consistent federal framework and reaffirmed its commitment to invest in payment and point-of-sale solutions for dispensaries.