Zinger Key Points
- POSaBIT is advancing in the cannabis payment sector by seeking a TSXV listing to attract more investors and improve trading liquidity.
- Their dedication to secure transactions and community values drives their industry impact.
Since its inception in 2015, POSaBIT POSAF has distinguished itself as a frontrunner in providing payment and point-of-sale solutions specifically designed for the cannabis industry.
Catering to over 500 locations across 23 states, the company has experienced remarkable advancement, notably with the Hypur acquisition contributing to this progression.
POSaBIT addresses the cash-dependent nature of the cannabis market by offering secure, compliant digital payment alternatives.
POSaBIT’s Stock Exchange Aspirations
The company synonymous with payment infrastructure in the cannabis retail space, revealed in December its plans to widen its investor appeal, sharing its ambition to have its common shares listed on the TSX Venture Exchange (TSXV).
This initiative aims to broaden POSaBIT’s visibility among investors in the U.S., Canada, and elsewhere. “This is the natural continuation of our plan and commitment to our shareholders,” POSaBIT CEO and co-founder Ryan Hamlin said in a press release. The move is anticipated to enhance trading liquidity and potentially lead to inclusion in various indexes and ETFs. The realization of this goal is subject to the approval and regulatory standards of the TSXV.
Core Values and Future Directions
At the heart of POSaBIT’s operations are the principles of community engagement, customer satisfaction, and industry contribution. The company prides itself on fostering an environment of open dialogue, mutual trust, teamwork, and ethical conduct. These guiding principles are evident in every facet of POSaBIT’s operations, from product development to customer service.
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