Perga Capital Partners

POSaBIT Systems Reports Financial Performance In Q3 2023, Shows Resilience In Cannabis Payment Industry

POSaBIT Systems Corporation (CSE: PBIT) (OTC: POSAF), a provider of payments infrastructure in the cannabis industry, has released its financial results for the third quarter of 2023, ending September 30, 2023.

POSaBIT Acquires This Company To Become One-Stop Shop For All Payment And Bank Compliance Needs For Cannabis Dispensaries

POSaBIT Systems Corporation (OTCQX: POSAF) (CSE:PBIT) has acquired certain assets from Hypur Inc., effective April 1, 2023, in a cash and equity transaction valued at up to $7.5 million, implying a purchase price multiple of 1.4x 2022 revenue.