POSABIT SYSTEMS CORP by Posabit Systems Corporation Financials - Benzinga

POSABIT SYSTEMS CORP by Posabit Systems Corporation

POSAFOTCQB

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$0.0619

0.0068512.45%

At close: Sep 11, 5:00 PM EST

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POSABIT SYSTEMS CORP by Posabit Systems Corporation Financials

POSABIT SYSTEMS CORP by Posabit Systems Corporation (POSAF) financial statements — income, revenue, gross margin and key metrics.

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This Week In Cannabis: Maryland Opens Lounges, DEA Wavers, Retail Trends Shift And More

Lounges legalized, markets shift, DEA hedges on reform. Catch up on this week's key cannabis news in policy, business and science.

Javier Hasse

Cannabis Fintech POSaBIT Systems Q3 Revenue Plunges Amid Temporary Processing Disruptions, But Gross Profit Margins Surge

Nina Zdinjak

Cannabis Fintech POSaBIT Reports 69% YoY Revenue Drop, Improves Net Loss

Nina Zdinjak

Cannabis Companies High Tide, Posabit, RIV Capital Will Soon Report Earnings: What Investors Need To Know

High Tide Canadian cannabis retail giant High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) will release its financial and operational results for the third quarter ended July 31, 2024, after the market close on Monday, Sept. 16, 2024. Cannabis fintech company POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF) will host a conference call and live webcast on Tuesday, Aug. 27, 2024, at 4:30 pm Eastern Time to discuss the results of the second quarter ended June 30, 2024. RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) will report its financial results for the second quarter and six months ended June 30, 2024, before markets open on Wednesday, Aug. 28, 2024.

Jelena Martinovic

Marijuana Fintech Co. POSaBIT Reports 67% YoY Drop In Q1 Revenue, Renews Focus On Sustainable Profitability And Growth

Cannabis-focused provider of payments infrastructure POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF) announced on Thursday its financial results for the three months ended March 31, 2024.The company reported a 67% year-over-year drop in revenue to $33.8 million in the first quarter. Ryan Hamlin, co-founder and CEO of POSaBIT, said the company faced "market challenges" with its payments business at the end of 2023 and in early 2024.

Jelena Martinovic

POSaBIT's 2023 Revenue Drops 7% YoY, Core Business Grows As It Seeks To List Its Shares On TSX

POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF), a provider of payments infrastructure in the cannabis industry, announced on Tuesday its financial results for the twelve months ended Dec. 31, 2023. "Despite the challenges posed by several industry-wide payment disruptions in 2023, I am proud that we achieved a combined 23% growth in our core payments and point-of-sale business, excluding a one-time licensing fee booked in 2022," Ryan Hamlin, co-founder and CEO of POSaBIT, said. "Our unwavering dedication to supporting our merchants, clients, and providing best-in-class service remains our top priority."

Jelena Martinovic