POSaBIT Systems Corp (TSE:PBIT) has released an update.
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POSaBIT Systems Corp, a key player in the cannabis payment sector, has announced robust financial results with a 23% revenue growth in 2023, excluding licensing fees. The company’s Point-of-Sale segment witnessed a remarkable 51% increase, solidifying its position in Washington State’s cannabis dispensaries. Additionally, the firm is on track for positive cash flow by Q2 and has named Stephen Gledhill as the new CFO, while also working towards listing on the TSX Venture Exchange.
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