Associated tags: Well, Cannabis, Professional Services, PBIT, Payments, Natural Resources, Fintech, Software, CSE, OTC, Retail, Finance, Tobacco, Sale, Specialty, Other Retail
Locations: UNITED STATES
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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.
Software,
Cannabis,
Other Retail,
Professional Services,
Tobacco,
Fintech,
Specialty,
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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.
Retrieved on:
Saturday, December 30, 2023
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Security (finance) 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.
Retrieved on:
Friday, December 22, 2023
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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.
Retrieved on:
Thursday, December 21, 2023
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Nature,
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Security (finance) 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.
Retrieved on:
Thursday, November 30, 2023
Software,
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Professional Services,
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Perga 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.
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.
Retrieved on:
Wednesday, November 15, 2023
Technology,
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Professional Services,
Software,
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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.
Retrieved on:
Thursday, October 12, 2023
Software,
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Other Retail,
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Hardware,
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Specialty,
Payments,
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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.
Retrieved on:
Thursday, September 7, 2023
Software,
Online Retail,
Professional Services,
Business,
Fintech,
Data Management,
Specialty,
Payments,
Electronic Commerce,
Apps,
Applications,
Technology,
Retail,
The Company,
POS,
CSE,
PBIT,
Sale,
Online shopping,
Cryptocurrency After receiving positive feedback during its beta phase, the Company is confident that POSaBIT POS 2.0 will redefine the customer experience across the cannabis industry.
Key Points:
- After receiving positive feedback during its beta phase, the Company is confident that POSaBIT POS 2.0 will redefine the customer experience across the cannabis industry.
- POSaBIT POS 2.0 brings forth new and advanced features that elevate the already robust capabilities of the previous iteration.
- Ryan Hamlin, CEO of POSaBIT, states, "We are extremely proud to introduce POSaBIT POS 2.0 to the marketplace.
- POSaBIT POS 2.0 not only meets but surpasses industry standards, and we're excited to roll this out to our clients."