POSaBIT Archives

StaffAugust 24, 2023

The Daily Hit is a recap of the top financial news stories for Aug. 24, 2023. On The Site High Times Names Fifth CEO in 5 Years Despite a looming deadline with its lender ExWorks, High Times named Shaun Jarvis as interim chief executive officer. The financially troubled cannabis media company saw the departure of CEO Paul Henderson, […]

Adam JacksonApril 27, 2023

The company will try to grow its business organically by adding new merchants and boosting same-store sales.

StaffApril 3, 2023

The Daily Hit is a recap of the top financial news stories for April 3, 2023. On the Site New York Adds Another 99 Cannabis Retailers, Bringing Total Licensed to 165 New York marijuana regulators on Monday awarded another 99 conditional adult use retail dispensary permits to applicants, bringing the total of marijuana shop permits […]

Adam JacksonApril 3, 2023

The deal adds a cannabis bank compliance platform to POSaBIT's offerings.

StaffMarch 21, 2023

The Daily Hit is a recap of the top financial news stories for March 21, 2023. On the Site New York Cannabis Store Adds Potency Disclaimers to Some Products One of the five licensed and legal marijuana retailers in New York state just added THC potency disclaimers to a range of its products due to flaws […]

Debra BorchardtMarch 21, 2023

Former cannabis company Akerna (Nasdaq: KERN) reported its unaudited financial results for the fourth quarter, which ended Dec. 31, 2022. Akerna is attempting to sell off its cannabis assets and has plans to merge with Gryphon Digital Mining. Akerna reported that its software revenue fell 24% to $2.8 million for the fourth quarter and the total revenue […]

Adam JacksonJanuary 30, 2023

One of the OG's of cannabis tech turns to crypto mining.

StaffJuly 15, 2020

Cannabis technology company POSaBIT Systems Corporation (CSE: PBIT) reported rising revenue for the first quarter of 2020 and said it expects to meet its prior forecast for revenue of $8 million for the year of 2020. Total revenue for the quarter ending March was $972,000, up 5% compared with $897,000 in the first quarter of 2019. […]

StaffApril 8, 2019

Seattle-based fintech company, POSaBIT began trading this morning on the CSE under the ticker PBIT. The company that serves cannabis retailers by delivering bitcoin-enabled payment processing and point-of-sale systems, with built-in compliance features customized to the state each retailer operates in. POSaBIT has enhanced its payment service offering by developing incremental features to sell and accept […]

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

In other news

The Daily Hit: January 4, 2024

Connecticut Attorney General Tells Unlicensed Cannabis Events Company to Stop

Testing Concerns Lead to Quarantine for 70% of Mississippi MMJ Goods

Tag: POSaBIT

The Daily Hit: August 24, 2023

POSaBIT Aims for $60M in Revenue in 2023

Daily Hit: April 3, 2023

POSaBIT Buys Banking Compliance Firm for $7.5 Million

Daily Hit: March 21, 2023

Akerna Wraps Up 2022 With Losses, Exits Cannabis

Akerna Taps Out of the Cannabis Biz

POSaBIT Forecasts Profitability To Be Reached In Third Quarter As Revenues Rise

POSaBIT Begins Trading on the CSE

The Daily Hit - TEST TEST TEST

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

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