POSaBIT (OTCQB:POSAF) closed Friday up 10.57% at $1.2494 after trading in a range between $1.2900 and $1.1584 during the day. Last month, POSAF stock increased 38.98%, with an average monthly volume of 93.38K shares. POSAF stock gained over 264.26% over the past three months, with an average daily volume of 116.80K.

The POSAF stock has enjoyed a good year over the last 12 months with an increase of over 1503.54% in stock price, reaching a high of $1.3038 with a market capitalization of $144.94M. This month, POSAF is set to participate in several events, leading to a surge in stock price.

POSAF will be participating in what events?

For cash-only businesses, POSaBIT is a payment processing and point-of-sale system provider that delivers unique and innovative solutions. POSAF specializes in supporting compliance, user-friendly, and top-of-the-line hardware solutions for highly complex, high-risk, and emerging industries such as cannabis. POSAF’s solution enables merchants and consumers to operate in a safer and more transparent environment.

In the past week, POSaBIT announced that it will participate in various events this month. This month, POSAF will participate in the following conferences:

  • G.P. Virtual Fall Consumer Cannabis Conference which will take place on October 5, 2021.
  • The LD Micro Main Event will take place in Los Angeles, CA on October 12, 2021, at 1:00pm PT.
  • At 9:50am ET, on October 14, 2021, the Benzinga Cannabis Capital Conference will be held in New York, NY.
  • The MJBizCon in Las Vegas, NV will take place from October 19 to October 22 at Booth C2643.

Last month, POSaBIT entered the booming cannabis market in New Mexico by partnering with one of the largest retail chains in the state. For POSAF, entering a new state is always an exciting experience, as it offers its services to more and more localized markets.

It is another step in POSAF’s initiative to reach every corner of the US cannabis industry, which sees New Mexico as a big up and coming market. It is the 15th state in which POSAF is active, and it plans to aggressively pursue further growth during the rest of this year.

POSaBIT was recently added to the OTCQB Venture Market. The common shares of POSaBIT have been cited on the OTCQB Venture Market on a daily basis since August under the ticker symbol “POSAF”. DET’s Depository Trust Company (“DTC”) has also accepted POSAF’s application for DTC eligibility, and the fund anticipates receiving DTC’s approval promptly.

What it means for POSAF?

POSAF marks a milestone in its history by entering the OTCQB Venture Market. It’s not only great news for POSaBIT’s US-based investors, but it’s a big step forward in continuing to grow and expand. Additionally, POSAF anticipates completing the DTC eligibility process very soon, which should provide shareholders with even greater flexibility.

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