01:52:18 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Posabit Systems Corp
Symbol PBIT
Shares Issued 131,902,645
Close 2022-08-30 C$ 0.95
Market Cap C$ 125,307,513
Recent Sedar Documents

Posabit Systems begins trading on OTCQX Best Market

2022-08-31 10:41 ET - News Release

An anonymous director reports

OTC MARKETS GROUP WELCOMES POSABIT SYSTEMS CORPORATION TO OTCQX

Posabit Systems Corp. has qualified to trade on the OTCQX Best Market. Posabit Systems upgraded to OTCQX from the OTCQB Venture Market.

Posabit Systems begins trading today on OTCQX under the symbol POSAF. U.S. investors can find current financial disclosure and real-time level 2 quotes for the company on the OTC Markets website.

The OTCQX Market provides investors with a premium U.S. public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

About Posabit Systems Corp.

Posabit is the leading payments infrastructure provider for the cannabis industry. Founded in 2015, Posabit's mission is to provider compliant, secure and efficient merchant services for the cannabis industry. Well financed and boasting an experienced team, Posabit has forever been a strict adherent to all regulatory guidelines within an ever-changing industry. This steadiness has allowed the company to grow and gain the trust of dispensaries large and small throughout the United States. The company currently processes millions of dollars per month in hundreds of stores across the country. Revenues have doubled every year since Posabit released its solutions to the market. The company is publicly traded, is routinely audited and continues to cultivate strong relationships with banking institutions throughout the United States. Posabit remains focused on hypergrowth within the industry, investing heavily in continued iterations of its current technology, developing new product offerings and the growth of its internal team.

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