Mr. Ryan Hamlin reports

POSABIT ANNOUNCES SARAH MIRSKY-TERRANOVA AS CHIEF COMPLIANCE OFFICER

Posabit Systems Corp. has appointed Sarah Mirsky-Terranova, Esq, as the company's chief compliance officer.

"Sarah's depth of experience and industry knowledge provides our company with a tremendous opportunity to build upon our already-intense focus on compliance," said Ryan Hamlin, co-founder/chief executive officer of Posabit. "We are beyond excited to welcome Sarah and her unique skills into our organization."

"More and more states continue to legalize both recreational and medicinal cannabis use, and to be at the forefront of it is truly exciting," said Ms. Mirsky-Terranova. "In my role, I can help oversee our compliance and regulatory processes and cultivate key relationships as Posabit continues to expand into new states."

Ms. Mirsky-Terranova is a skilled compliance C-suite executive and attorney and boasts extensive experience in managing and advising on in-depth case investigations pertaining to BSA/AML (bank secrecy act/anti-money-laundering), financing and trafficking, sanctions, KYC (know your client), and fraud-related matters. In previous roles, she has managed regulatory reviews and mitigated gaps found in the financial crime investigative/escalation process that could pose a regulatory risk. In her role as chief compliance officer of the company, she will lead the Posabit team in designing, implementing and monitoring processes to comply with all laws and regulations in the fast-changing industry. Most recently, she served as chief compliance officer at Synctera.

About Posabit Systems Corp.

Posabit is a fintech working exclusively within the cannabis industry. The company provides a best-in-class point-of-sale solution and is the leading cashless payment provider for cannabis retailers. The company works tirelessly to build better financial services and transaction methods for merchants. The company brings cutting-edge software and technology to the cannabis industry so that all merchants can have a safe and compliant set of services to solve the problems of a cash-only industry.

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