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 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 , 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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