POSaBIT Systems PBIT.CN · CAD

Its shares trade on Canadian Securities Exchange under the ticker PBIT.CN. It has been listed since 8 April 2019. In the fiscal year to 31 December 2024, it reported revenue of $15.3m and a net loss of $5.7m. At that date it held total assets of $8.6m and shareholders' equity of $458,900.

POSaBIT Systems Corp. is a financial technology company, which engages in the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The company is headquartered in Kirkland, Washington. The company went IPO on 2019-04-08. The firm is engaged in delivering blockchain-enabled payment processing and point-of-sale systems for cash-only businesses. The Company’s point of sale systems is specifically designed to suit the needs of cannabis retailers and hospitality service providers. Its systems are also integrated with various features, such as integrated online ordering, creating customer profiles and favorites. The company also offers customer purchase history, custom discounts, debit payments and product details to the users.

Figures and description from our data supplier, not checked against the company's own report.

• Mr. Ryan HamlinChairman of the Board, Chief Executive Officer, Co-Founder, since 2019$579,000
• Mr. Stephen GledhillChief Financial Officer, Corporate Secretary$79,000
• Mr. Michael SinnwellChief Product Officer$315,000
• Mr. Michael ApkerIndependent Director$96,000
• Mr. Bruce JaffeIndependent Director$114,000

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