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 (POSAF) is a FinTech company that focuses on payments infrastructure and Point-of-Sale technology for the cannabis industry. Its news flow provides insight into how a cannabis‑focused financial technology provider reports performance, responds to regulatory developments, and communicates with shareholders.
On this page, readers can review POSaBIT news related to quarterly and annual financial results, where the company reports revenue, gross margin, operating expenses, and non‑IFRS measures such as Adjusted Revenue, Adjusted Gross Profit, and Adjusted EBITDA. These releases often discuss trends in cash balances, operating costs, and the performance of its Point-of-Sale, eCommerce, and menu products.
POSaBIT also issues announcements about earnings conference calls and webcasts, including dates, times, access codes, and replay information. These items are relevant for investors who want to follow management’s commentary on business conditions, product adoption, and strategic priorities within the cannabis payments space.
Another category of POSAF news involves corporate and regulatory developments, such as shareholder meeting results and commentary on changes in cannabis policy, including potential rescheduling at the federal level. In these communications, the company explains how policy shifts may affect tax treatment, banking access, and payment processing for state‑legal cannabis operators.
By following the POSAF news feed, investors and industry observers can track how POSaBIT’s Point-of-Sale and payments infrastructure business evolves, how its financial metrics change over time, and how management views the broader cannabis and FinTech environment.
POSaBIT Systems Corporation (OTC: POSAF) has launched its point of sale solution in the CBD market, now operating in over twenty locations across the U.S. This expansion taps into a booming industry, as CBD sales reached $4.6 billion in 2020, with projections suggesting the market could grow to $15-$20 billion by 2025. CEO Ryan Hamlin expressed enthusiasm about entering this sector and its potential alignment with future cannabis dispensaries. While pursuing CBD opportunities, the company will maintain its primary focus on cannabis dispensaries in legal states.
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) will participate in a fireside chat at the Jefferies Payments & FinTech Summit on March 1, 2022, at 2:10 PM (ET). Investors can register for the webcast through a link provided. Additionally, management will be available for one-on-one meetings at the conference; interested investors should contact their Jefferies representative or email James at Hayden IR. POSaBIT specializes in blockchain-enabled payment processing for cash-only cannabis businesses, offering a compliant and user-friendly solution.
POSaBIT Systems Corporation (OTC: POSAF) anticipates exceeding its FY 2021 revenue guidance, projecting revenue above
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.