POSaBIT goes live with outlet in New Mexico as recreational sales begin
SEATTLE–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading payment infrastructure provider in the cannabis industry, introduced its point-of-sale system in New Mexico, coinciding with the start of sales of recreational cannabis in the state on April 1.
“We look forward to serving this new market and continuing our expansion as New Mexico becomes the latest state to legalize the sale of recreational cannabis,” said Ryan Hamlin, CEO/Co-Founder of POSaBIT. “It’s a great market, and our outlet has already proven to be a great choice for dispensaries in the market.
POSaBIT plans to go live in approximately 20 New Mexico dispensaries during the first two months of recreational sales.
POSaBIT (CSE: PBIT) is a fintech company that provides unique and innovative point-of-sale and payment processing systems for cash-only businesses. POSaBIT specializes in solving pain points for complex, high-risk emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly, and uses premium hardware. POSaBIT’s unique solution provides a more secure and transparent environment for merchants while creating a better overall consumer experience. For more information, visit: www.posabit.com.
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Important factors that could cause actual results to differ materially from POSaBIT’s expectations include consumer sentiment toward POSaBIT’s products and blockchain/cryptocurrency exchange technology generally, litigation, global economic climate , loss of key employees and consultants, additional funding requirements, changes in laws, technological failures, competition and counterparties’ failure to meet their contractual obligations.
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