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 (POSAF) provides integrated digital solutions for enterprise operations, specializing in cloud computing and software innovation. This page aggregates all official corporate announcements and verified news coverage related to strategic developments, financial updates, and market activities.
Investors and industry professionals will find timely updates on earnings reports, technology partnerships, and product launches, alongside analysis of operational milestones. The curated collection serves as a neutral reference for tracking the company’s progress in digital transformation and enterprise software markets.
Content spans regulatory filings, leadership updates, and operational expansions within key sectors like payment processing and cloud infrastructure. Regular updates ensure stakeholders maintain informed perspectives on POSAF’s North American operations and technological advancements.
Bookmark this page for streamlined access to essential updates about Posabit Systems’ business trajectory. Combine frequent visits with official SEC filings for comprehensive investment research.
POSaBIT Systems Corporation (CSE:PBIT, OTC:POSAF) reported record revenue of $6.3 million for Q3 2021, a 173% increase year-over-year and 29% sequentially. This performance led to a revised full-year 2021 revenue guidance of $19.0 to $20.5 million, reflecting over 158% growth. The company anticipates 2022 revenue between $36.0 to $39.5 million. Despite a net loss of $(6.9 million), attributed to non-cash expenses, POSaBIT continues to expand its merchant base and product offerings, capitalizing on the growing cannabis market.
POSaBIT Systems Corporation (OTC:POSAF) will host a conference call on November 30, 2021, at 4:30 p.m. Eastern Time, to discuss its third quarter 2021 results. The call will be accessible via toll-free and international numbers, accompanied by a live webcast. A replay will be available approximately one hour after the event concludes. POSaBIT specializes in payments infrastructure for the cannabis industry, offering compliant and innovative solutions to cash-only businesses.
POSaBIT Systems Corporation (OTC: POSAF) reports a significant revenue increase for Q3 2021, expecting approximately
POSaBIT Systems Corporation (OTC: POSAF), a leader in cannabis industry payment systems, has been approved as an integrator for Washington State’s new traceability system (CCRS), set to launch in December. Christine Foss, Director of Product at POSaBIT, highlighted the team's efforts to prepare their system for this transition. The company is committed to providing training and support to partners to ensure a smooth implementation. This move positions POSaBIT favorably within the evolving regulatory landscape of the cannabis market.
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) has launched 'Cash Advance', a loan factoring program aimed at cannabis industry retailers. This initiative enables POSaBIT’s merchant partners to quickly obtain loans and pay them back through deductions from in-store processing. CEO Ryan Hamlin highlighted that this service addresses liquidity challenges faced by cannabis retailers, allowing them to scale operations or procure products effectively. The Cash Advance program will begin in Q4 with select beta accounts, followed by a full rollout in early 2022.
POSaBIT Systems Corporation (OTC:POSAF), a leader in cannabis payment solutions, will host a conference call on November 10, 2021, at 4:30 p.m. Eastern Time, to discuss third-quarter 2021 results. Investors can participate via toll-free numbers or join a live webcast. POSaBIT specializes in payment processing for cash-only businesses in the cannabis sector. The company aims to provide compliant and user-friendly payment solutions, enhancing merchant and consumer experiences.
POSaBIT Systems Corporation (OTC: POSAF) has launched the POSaBIT Kiosk, an innovative payment solution for cannabis dispensaries and retailers. This standalone kiosk enables customers to create carts and pay via debit cards in-store or online. CEO Ryan Hamlin described it as a 'game-changing' product, enhancing in-store marketing and order processing. Currently in beta testing, the kiosk will be fully deployed in Q1 2022. POSaBIT focuses on blockchain-enabled payment processing for high-risk industries, offering a compliant and user-friendly solution.
POSaBIT Systems Corporation (OTC: POSAF) has launched 'POSaBIT Connect', a publicly available API designed for third-party integrations, enhancing accessibility to its product suite within the cannabis industry. This initiative aims to facilitate seamless integration for businesses, allowing them to connect to POSaBIT services across various operational aspects such as menus, sales data, and payments. CEO Ryan Hamlin emphasized that this open API represents a significant advancement for the company and the cannabis sector, promoting a user-friendly platform for retailers.
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) announced that CEO Ryan Hamlin will present at the Citigroup FinTech Spotlight Series on Wednesday, October 6, 2021, at 2:00 PM ET. As a leading provider of payments infrastructure in the cannabis sector, POSaBIT focuses on innovative solutions for cash-only businesses. Their technology enhances merchant safety and boosts consumer experience.
For further details, contact Citigroup or James at James@HaydenIR.com.
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.
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