POSaBIT Systems Corporation POSAF PBIT a cannabis payments and point of sale platform, appointed Chris Baker as chief strategic officer.
“Chris’ extensive experience leading strategic initiatives and teams is a great fit. We could not be more excited to welcome him to the POSaBIT team,” stated Ryan Hamlin, CEO/co-founder of the company. “I have no doubt Chris will provide tremendous strategic support and insight as our organization continues to expand.”
Baker stated: “POSaBIT is an amazing opportunity. The company’s year over year growth has been incredible, and I am impressed by the strong market fit of their products. I am thrilled to join the team and continue to expand the company’s footprint throughout North America.”
In his role as chief strategy officer of the company, Baker will lead strategy with the POSaBIT team, partnering across the business to keep the company ahead in a fast-changing business environment. His career started at IBM Global Services, where he focused on delivering projects and programs across the technology service delivery stack. Most recently, he served as VP of technology and innovation at Genius Avenue, an insuretech/fintech startup.
In connection with his appointment, the company has granted 1 million stock options to Baker pursuant to the terms of the company’s stock option plan. The options are exercisable into common shares of the company at an exercise price of CA$1.10 per share over the next 10 years, with vesting over 4 years, all in accordance with the plan and the policies of the Canadian Securities Exchange.
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