UK Markets open in 7 hrs 11 mins

POSaBIT Preannounces Record Q3 Revenue of $6.36 Million, Up 177%

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Revises Q3 2021 Conference Call Timing

TORONTO & SEATTLE, November 10, 2021--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, today announced certain preliminary financial results for the third quarter ended September 30, 2021.

The company expects total revenue of approximately $6.36 million, up 177% compared with $2.3 million in the third quarter of 2020.

Conference Call

POSaBIT is pleased to report strong revenue. The company is working on allocations between cost of goods and operating expenses. POSaBIT will report the remaining financial items in the coming weeks and announce the revised date for an earnings conference call, anticipated to be on or before November 30, 2021.


POSaBIT (CSE: PBIT) is a financial technology company that delivers unique and innovative blockchain-enabled payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly, and utilizes top-of-the-line hardware. POSaBIT’s unique solution provides a safe and transparent environment for merchants while creating a better overall experience for the consumer. For additional information, visit

View source version on


Investor Relations:

Media Relations:

Oscar Dahl


Ryan Hamlin
Co-founder and CEO of POSaBIT

Hayden IR
James Carbonara
(646) 755-7412

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting