POSaBIT to Announce First US$10.0+ Million Quarter, up 58%+ Year-Over-Year, Enters New York Market and Has Contracted Merchants in 4 More States to Go Live By Year-End

Oct 18, 2022

POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), the leading provider of point of sale software and payments infrastructure in the cannabis industry, is poised to announce their first ever US$10.0+ million revenue quarter with record revenue of at least US$10.0 million in Q3 2022¹ as compared to revenue of US$6.3 million in Q3 2021, representing an approximately 60% increase year-over-year. The Company expects to announce complete results for the third quarter of 2022 by the end of November.

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