POSaBIT Systems announces launch of POSaBIT Brands platform

POSaBIT Systems (POSAF) Corporation announced the launch of POSaBIT Brands, a new software platform built specifically for cannabis producers and processors. POSaBIT Brands marks the Company’s first major expansion beyond cannabis retail. Historically, POSaBIT has focused on serving dispensaries through its point of sale, payments, eCommerce and loyalty solutions. With the introduction of POSaBIT Brands, POSaBIT is now able to serve the other half of the $35B+ cannabis industry’s supply chain: the brands, producers and processors who manufacture and distribute products. POSaBIT Brands provides cannabis producers and processors with a centralized platform to manage and grow their business. The product leverages new AI technology and includes real-time sales and inventory reporting, business intelligence tools, a centralized product catalog, vendor managed inventory, order building, data mapping, B2B ACH payments, and a robust suite of custom reports.