Mr. Ryan Hamlin reports

POSABIT ENTERS TWO NEW MARKETS, TEXAS AND GEORGIA

Posabit Systems Corp. has launched its point-of-sale and payments solution in two new markets: Texas and Georgia. These are the 17th and 18th states over all where a Posabit solution is active.

"As a company, we remain focused on expanding our geographical reach, and our entry into Texas and Georgia reflects both the hard work of our team and the overall reputation of our point-of-sale solution within the cannabis industry," said Ryan Hamlin, chief executive officer and co-founder of Posabit. "Our ability to serve any and all viable markets is a key proof point in our path towards exponential growth and scalability."

Posabit is now active in 18 states across the country and will aim to enter a handful of additional markets over the remainder of 2022 and beyond.

About Posabit Systems Corp.

Posabit is a financial technology company that delivers unique and innovative payment processing and point-of-sale systems for cash-only businesses. Posabit specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant and user-friendly and utilizes top-of-the-line hardware. Posabit's unique solution provides a safe and transparent environment for merchants while creating a better overall experience for the consumer.

We seek Safe Harbor.