Mr. Ryan Hamlin reports

POSABIT GOES LIVE WITH POINT OF SALE IN NEW MEXICO AS RECREATIONAL SALES BEGIN

Posabit Systems Corp. has brought its point-of-sale system to New Mexico, coinciding with the start of recreational cannabis sales in the state on April 1, 2022.

"We are eager to serve this new market and further our expansion as New Mexico becomes the latest state to legalize the sale of recreational cannabis," said Ryan Hamlin, chief executive officer and co-founder of Posabit. "This is a tremendous market, and our point-of-sale has already proven to be an excellent fit for the market's dispensaries."

Posabit expects to go live in roughly 20 New Mexico dispensaries during the first two months of recreational sales.

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, user friendly and utilizes top-of-the-line hardware. Posabit's unique solution provides a safer and transparent environment for merchants while creating a better overall experience for the consumer.

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