OTCQX:POSAF | Jotup

POSaBIT Announces Anticipated Late Filing of 2023 Annual Filings

Retrieved on:

Monday, April 29, 2024

Technology, Payments, Fintech, Tobacco, Cannabis, Specialty, Professional Services, Software, Retail, Natural Resources, Annual, National Policy, News, OTC, PBIT, National instrument, Bank statement, File

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT") announces today that the Company is anticipating a delay in filing its annual financial statements and accompanying management's discussion and analysis for the year ended December 31, 2023 (the "Annual Filings"), by the filing deadline on April 29, 2024 (the "Filing Deadline"), as required by National Instrument 51-102 – Continuous Disclosure Obligations.

Key Points:

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT") announces today that the Company is anticipating a delay in filing its annual financial statements and accompanying management's discussion and analysis for the year ended December 31, 2023 (the "Annual Filings"), by the filing deadline on April 29, 2024 (the "Filing Deadline"), as required by National Instrument 51-102 – Continuous Disclosure Obligations.
As a result of the expected delay in filing the Annual Filings, the Company's previously announced conference call and live webcast originally scheduled for April 29, 2024 at 4:30 PM ET will be postponed until the Annual Filings are completed.
The Company currently expects to file the Annual Filings no later than May 17, 2024, and will issue a news release announcing completion of such filing at that time.
The Company will comply with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders, until the Annual Filings have been completed.

POSaBIT to Host Fourth Quarter and FY 2023 Earnings Conference Call

Retrieved on:

Tuesday, April 9, 2024

Software, Cannabis, Other Retail, Professional Services, Tobacco, Fintech, Specialty, Payments, Technology, Natural Resources, Retail, Finance, OTC, PBIT

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 29, 2024 at 4:30 PM ET to discuss the results of the fourth quarter and full year ended December 31, 2023.

Key Points:

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 29, 2024 at 4:30 PM ET to discuss the results of the fourth quarter and full year ended December 31, 2023.

POSaBIT Closes Non-Brokered Unit Offering to Fund Convertible Unsecured Note Maturity

Retrieved on:

Saturday, December 30, 2023

In connection with the Offering, each Unit is comprised of one (1) common share in the capital of the Company ("Common Shares") and 0.88 Common Share purchase warrants (each whole warrant, a "Warrant").

Key Points:

In connection with the Offering, each Unit is comprised of one (1) common share in the capital of the Company ("Common Shares") and 0.88 Common Share purchase warrants (each whole warrant, a "Warrant").
On November 13, 2020, the Company announced the close of USD$1,040,000 principal amount of 12% convertible unsecured notes due December 31, 2023 (the “2020 Notes”), convertible into Common Shares at a conversion price of CAD$0.12 per Common Share.
As of the conversion deadline, USD$565,000 principal amount of 2020 Notes did not convert and such notes will be repaid at maturity.
In connection with the Offering, Perga Capital Partners LP ("Perga") purchased 2,857,929 Units, for aggregate gross proceeds of approximately CAD$800,220.

POSaBIT Applies to List Common Shares on the TSXV

Retrieved on:

Friday, December 22, 2023

Software, Cannabis, Other Retail, Professional Services, Tobacco, Fintech, Specialty, Payments, Technology, Natural Resources, Retail, Finance, Entrepreneurship, PBIT, Index, OTC, Indian stock exchange, TSX Venture Exchange, ETF

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT"), a leading provider of payments infrastructure in the cannabis industry, is pleased to announce that it has filed its application to list the Company's common shares (the "Common Shares") on the TSX Venture Exchange (the "TSXV").

Key Points:

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the "Company" or "POSaBIT"), a leading provider of payments infrastructure in the cannabis industry, is pleased to announce that it has filed its application to list the Company's common shares (the "Common Shares") on the TSX Venture Exchange (the "TSXV").
"I am pleased to announce that we have officially filed our application to list on the TSXV,” said Ryan Hamlin, CEO and Co-Founder of POSaBIT.
The listing of the Common Shares on the TSXV remains subject to the review of the TSXV and is contingent on the satisfaction of all listing and regulatory requirements.
There is no assurance that the TSXV will approve the listing application or that the Company will complete the listing on the TSXV as currently proposed.

POSaBIT Announces Non-Brokered Unit Offering to Fund Convertible Unsecured Note Maturity

Retrieved on:

Thursday, December 21, 2023

In connection with the Offering, each Unit will be comprised of one (1) Common Share and 0.88 Common Share purchase warrants (each whole warrant, a "Warrant").

Key Points:

In connection with the Offering, each Unit will be comprised of one (1) Common Share and 0.88 Common Share purchase warrants (each whole warrant, a "Warrant").
On November 13, 2020, the Company announced the close of USD$1,040,000 principal amount of 12% convertible unsecured notes due December 31, 2023 (the “2020 Notes”), convertible into Common Shares at a conversion price of CAD$0.12 per Common Share.
As of the conversion deadline, USD$565,000 principal amount of 2020 Notes did not convert and such notes will be repaid at maturity.
The purchasers of the Units and the extent of such participation were not finalized until shortly prior to the completion of the Offering.

POSaBIT Reports Third Quarter 2023 Financial Results

Retrieved on:

Thursday, November 30, 2023

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and nine months ended September 30, 2023.

Key Points:

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced its financial results for the three and nine months ended September 30, 2023.
While our initial focus was on existing POSaBIT merchants, we have continued to sign up new merchants, increasing our market share.
On November 29, 2023, POSaBIT amended its previously announced credit agreement (the “Credit Facility”) with Perga Capital Partners, LP (“Perga”).
POSaBIT also agreed to extend the expiry date of all outstanding warrants held by Perga (the “Warrants”) by two years.

POSaBIT to Host Third Quarter 2023 Earnings Conference Call

Retrieved on:

Monday, November 20, 2023

Professional Services, Payments, Cannabis, Technology, Natural Resources, Software, Fintech, PBIT, CSE, OTC, Mobile phone

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 November 30, 2023 at 4:30 PM ET to discuss the results of the third quarter ended September 30, 2023.

Key Points:

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 November 30, 2023 at 4:30 PM ET to discuss the results of the third quarter ended September 30, 2023.

POSaBIT Ranked Number 132 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™

Retrieved on:

Wednesday, November 15, 2023

Technology, Payments, Finance, Fintech, Other Technology, Cannabis, Professional Services, Software, Natural Resources, PBIT, CSE, Creativity, Deloitte Technology Fast 500, Telecommunications, Perseverance, Partnership, OTC, Face

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced it ranked 132nd on the Deloitte Technology Fast 500 ™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year.

Key Points:

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today announced it ranked 132nd on the Deloitte Technology Fast 500 ™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year.
POSaBIT grew revenue 1,092% from fiscal years 2019 to 2022.
POSaBIT Chief Executive Officer Ryan Hamlin credits the industry-leading product platform and relentless focus on customers with the company’s 1,092% revenue growth.
Hamlin commented, “I’m incredibly proud of the work our team has done over the last year in partnership with our customers and the cannabis community.

POSaBIT Provides Update on PIN Debit Processing

Retrieved on:

Thursday, October 12, 2023

Software, Cannabis, Other Retail, Professional Services, Hardware, Fintech, Specialty, Payments, Technology, Natural Resources, Retail, Finance, PBIT, PIN, OTC, CSE, Bank, Online shopping

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today provided an update on its PIN debit processing solution.

Key Points:

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of payments infrastructure in the cannabis industry, today provided an update on its PIN debit processing solution.
Recently, there has been an industry-wide decrease in debit acceptance rates caused, in part, by the removal of certain payment rails.
As a result, industry-wide PIN debit acceptance rates have declined to an unacceptable level of approximately 30-40%.
Due to these events today, the Company is currently working with its customers to discuss alternatives, including the option to migrate to the Company’s other offered payment solutions to minimize impacts to in-store payment processing.

POSaBIT to Host Second Quarter 2023 Earnings Conference Call

Retrieved on:

Tuesday, August 15, 2023

Data Management, Technology, Professional Services, Cannabis, Security, Natural Resources, Software, Networks, Internet, Fintech, Finance, CSE, PBIT, OTC, Tourism, Mobile phone

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 August 24, 2023 at 4:30 p.m. eastern time to discuss the results of the second quarter ended June 30, 2023.

Key Points:

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 August 24, 2023 at 4:30 p.m. eastern time to discuss the results of the second quarter ended June 30, 2023.