POSaBIT Systems Corp CEO Ryan Hamlin joined Steve Darling from Proactive to share exciting news about the company's solutions for dispensary payments and payment processing in the cannabis industry. POSaBIT provides a range of solutions for both point-of-sale and payment needs for dispensaries and cannabis retailers.
Hamlin highlighted that POSaBIT is well-positioned for growth, even in the event of potential changes to legislation by the Federal Government in the United States. The company has been steadily increasing its market share and driving product innovation in a fragmented market. In fact, POSaBIT's market share in Washington State has risen from 5% to 40% within a few years, demonstrating their strong presence and success.
Furthermore, Hamlin shared the company's ambitious goals for the future. POSaBIT aims to reach $2 billion in processing volume over the next 18 months, highlighting their potential for significant growth in transactional value. Additionally, the company aims to onboard 2,000 merchants onto the POSaBIT point-of-sale system within the same timeframe, further expanding their customer base and market reach.
Hamlin also discussed the company's aspirations to uplist to the Nasdaq and the TSX, indicating their focus on achieving greater visibility and market presence. This potential uplisting would further enhance POSaBIT's reputation and attract more investors to support their continued growth.
With its comprehensive payment and POS solutions tailored for the cannabis industry, POSaBIT is well-positioned to capitalize on the expanding market and evolving regulatory landscape.
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