Planet Microcap Podcast | Microcap Investing Strategies

POSaBIT (CSE: PBIT) (OTCQX: POSAF): Payments Infrastructure Provider for the Cannabis Industry

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Sinopsis

My guest on the show today is Ryan Hamlin, Co-Founder and CEO of POSaBIT Systems Corporation (CSE: PBIT) (OTCQX: POSAF). POSaBIT is a financial technology company that delivers payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly and utilizes top-of-the-line hardware. Let's start by saying that the Cannabis industry has been getting, for lack of a better term, wrecked in the last two years. Almost every sector index and indicator, and publicly-traded cannabis company issuer performance are down. Even when we think that some companies are making progress, they've probably announced not-so-great earnings within the last quarter or two. Despite the nuclear winter we're seeing in Cannabis right now (and for the last couple years now), if we're looking at the big picture, whether cannabis is legalized or not, it's without a doubt not g