POSaBIT Systems Corporation(POSAF) (CSE:PBIT) (OTCQX:POSAF), a leading provider of payments infrastructure in the cannabis industry, announced its financial results on Tuesday afternoon for the three and nine months ended September 30, 2022.

"The third quarter was very strong with a 26% sequential increase in revenue, making it the first time we have had a $10+ million quarter. We continue to expand our commercial footprint and announced several strategic new partnerships this quarter that validates the strength of our platform," saidRyan Hamlin, CEO and co-founder of POSaBIT.

3Q/2022 Financial Highlights Includes

• Total revenue was $10.3 million, up 62% compared with $6.4 million in the...