Marijuana payment technology company POSaBit seeks to list its shares on the TSX Venture Exchange (TSXV), moving away from the Canadian Securities Exchange (CSE). CEO, Ryan Hamlin, views this move as part of the company’s commitment to shareholders and aims to expose POSaBIT to a larger market of investors in the US, Canada, and abroad. In addition to the listing announcement, POSaBit closed a non-brokered offering of units to raise CAD 870,000 (approximately $650,000) to fund debt repayment on convertible notes due at the end of 2023.
Marijuana Fintech Company POSaBit to Move to TSXV, Raises Funds to Pay Debt
