Cannabis Fintech Co. Seeks TSXV Listing As POSaBIT CEO Highlights Potential Benefits
Cannabis payment solutions provider POSaBIT Systems has applied for its common shares to be listed on the TSX Venture Exchange. POSaBIT Systems' CEO and co-founder, Ryan Hamlin, described the application as a continuation of its commitment to increase investment and liquidity options to shareholders. The listing is subject to TSX Venture Exchange review and the fulfilment of all requisite listing and regulatory requirements. The application follows POSaBIT's announcement that it plans to engage in a non-brokered private placement deal of up to 3,107,142 units for gross total proceeds of around CA$870,000 ($652,654). Each unit will be comprised of one common share and 0.88 common share purchase warrants, with each warrant exercisable into one common share in the company at CA$0.40 per warrant share for five years.
