POSABIT Overview and FY 2021 Results

DIGITAL PAYMENT PENETRATION: LOW BUT RISING APPROXIMATELY 70% OF ALL DISPENSARIES ACROSS THE COUNTRY REMAIN EXCLUSIVELY CASH ONLY. CARD PAYMENTS HAVE BECOME INCREASINGLY ACCEPTED IN THE INDUSTRY AND OFTEN PREFERRED FOR SAFETY. STORES THAT USE DIGITAL PAYMENTS SEE STEADILY INCREASING ADOPTION RATES OVER TIME. WHEN STORES BEGIN TAKING DIGITAL PAYMENTS, THEY ALMOST NEVER REVERT TO CASH-ONLY. POSABIT 16

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