Benzinga - by Abbey Higginbotham, Benzinga Staff Writer.
Since its inception in 2015, POSaBIT (OTC:POSAF) has distinguished itself as a frontrunner in providing payment and point-of-sale solutions specifically designed for the cannabis industry.
Catering to over 500 locations across 23 states, the company has experienced remarkable advancement, notably with the Hypur acquisition contributing to this progression.
POSaBIT addresses the cash-dependent nature of the cannabis market by offering secure, compliant digital payment alternatives.
POSaBIT’s Stock Exchange Aspirations The company synonymous with payment infrastructure in the cannabis retail space, revealed in December its plans to widen its investor appeal, sharing its ambition to have its common shares listed on the TSX Venture Exchange (TSXV).
This initiative aims to broaden POSaBIT’s visibility among investors in the U.S., Canada, and elsewhere. “This is the natural continuation of our plan and commitment to our shareholders,” POSaBIT CEO and co-founder Ryan Hamlin said in a press release. The move is anticipated to enhance trading liquidity and potentially lead to inclusion in various indexes and ETFs. The realization of this goal is subject to the approval and regulatory standards of the TSXV.
Core Values and Future Directions At the heart of POSaBIT’s operations are the principles of community engagement, customer satisfaction, and industry contribution. The company prides itself on fostering an environment of open dialogue, mutual trust, teamwork, and ethical conduct. These guiding principles are evident in every facet of POSaBIT’s operations, from product development to customer service.
The Benzinga Cannabis Capital Conference is returning to Florida in a new venue in Hollywood on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn, and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars — this conference is the go-to event of the year for the cannabis world. Get your tickets now on bzcannabis.com – Prices will increase very soon!
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