(NewsDirect)
POSaBIT Systems Corp CEO Ryan Hamlinjoined Steve Darling from Proactive to share exciting news about thecompany's solutions for dispensary payments and payment processingin the cannabis industry. POSaBIT provides a range of solutions forboth point-of-sale and payment needs for dispensaries and cannabisretailers.
Hamlin highlighted thatPOSaBIT is well-positioned for growth, even in the event of potentialchanges to legislation by the Federal Government in the United States.The company has been steadily increasing its market share and drivingproduct innovation in a fragmented market. In fact, POSaBIT'smarket share in Washington State has risen from 5% to 40% within a fewyears, demonstrating their strong presence and success.
Furthermore, Hamlin shared thecompany's ambitious goals for the future. POSaBIT aims to reach $2billion in processing volume over the next 18 months, highlightingtheir potential for significant growth in transactional value.Additionally, the company aims to onboard 2,000 merchants onto thePOSaBIT point-of-sale system within the same timeframe, furtherexpanding their customer base and market reach.
Hamlin also discussed the company'saspirations to uplist to the Nasdaq and the TSX, indicating theirfocus on achieving greater visibility and market presence. Thispotential uplisting would further enhance POSaBIT's reputation andattract more investors to support their continued growth.
Withits comprehensive payment and POS solutions tailored for the cannabisindustry, POSaBIT is well-positioned to capitalize on the expandingmarket and evolving regulatory landscape.
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Proactive Canada
+1 604-688-8158
na-editorial@proactiveinvestors.com
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