POSaBIT Systems Corporation (POSAF) (CSE: PBIT) (OTCQX: POSAF), a leading provider of payments infrastructure in the cannabis industry, announced its financial results on Tuesday afternoon for the three and nine months ended September 30, 2022.
POSaBIT Systems Corporation (OTCQX: POSAF) (CSE:PBIT), announced record revenue of at least $10.0 million in Q3 2022 as compared to revenue of $6.3 million in Q3 2021, representing an approximately 60% increase year-over-year.
POSaBIT Systems Corporation (OTCQX: POSAF) (CSE:PBIT) has entered the recreational cannabis market in Illinois. This marks the twentieth state in which POSaBIT’s solutions are currently active, and the fourth new state the company has entered this calendar year.
POSaBIT Systems Corporation (OTCQB: POSAF) signed a software license agreement on August 22, 2022 pursuant to which POSaBIT has granted a non-exclusive, worldwide license to a large cannabis technology partner to commercialize the corporation’
POSaBIT Systems Corporation (OTCQB: POSAF) (CSE:PBIT) the leading provider of payments infrastructure in the cannabis industry, secured a non-brokered private placement of 5.86 million units of the company, at a premium to market subscription price of CA$0.
POSaBIT Systems Corporation (OTCQB: POSAF) (CSE:PBIT), released its financial results for the three and 12-months ended December 31, 2021.
Full Year 2021 Financial Highlights