POSaBIT is the Overwhelming Cannabis Point of Sale Solution of Choice in Washington State, Processing Over 85% of all Cannabis transactions

SEATTLE--(BUSINESS WIRE)--POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), a leading provider of point of sale and payments infrastructure in the cannabis industry, is proud to announce that it now processes over 85% of all point of sale cannabis transactions in Washington State. This milestone underscores POSaBIT's commitment to delivering innovative, secure, and feature-rich solutions to cannabis retailers.​

"Reaching this level of market penetration in our home state is a testament to the dedication of our team and the trust our clients place in us," said Ryan Hamlin, CEO and Co-Founder of POSaBIT. "Our mission has always been to provide seamless and compliant solutions that empower cannabis retailers to operate efficiently and securely. We are honored to support the multi-billion dollar cannabis market in Washington State, with our point of sale now processing the vast majority of all industry sales. As POSaBIT enters its 10th year of doing business, we look forward to continuing our growth both locally and nationally."​

“As a group owning and operating multiple dispensaries in Washington State, having a reliable POS is critical. Even more importantly, we need a partner we can trust and who will support us. POSaBIT has been just that - the product is great and the support is amazing. I would highly recommend POSaBIT to any dispensary,” said Brian Jennings, Co-Owner, Zips Cannabis.

Established in 2015, POSaBIT has grown to serve over 500 locations across 20+ states. With the launch of their ecommerce menus in 2024, POSaBIT’s point of sale product suite now provides dispensaries with an exceptional all-in-one tech solution. Their home state of Washington was one of the first two legal markets in the US and remains one of, if not the, most stable cannabis economies in the country.

ABOUT POSABIT

POSaBIT (CSE: PBIT, OTC: POSAF) is a FinTech, working exclusively within the cannabis industry. We provide a best-in-class point of sale solution and are the leading cashless payment provider for cannabis retailers. We work tirelessly to build better financial services and transaction methods for merchants. We bring cutting-edge software and technology to the cannabis industry so that all merchants can have a safe and compliant set of services to solve the problems of a cash-only industry.

Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.

For additional information, visit www.posabit.com.