This is an exciting day for POSaBIT. We have agreed to acquire Hypur, one of the original cannabis payment solutions providers.

This acquisition grows our leadership in the cannabis payment space. POSaBIT now offers the most payment solutions to the cannabis industry, with multiple PIN solutions, an industry-leading ACH solution, the only fully-integrated payments portal, robust reporting, and reconciliation capabilities.

What is POSaBIT acquiring?

POSaBIT is acquiring Hypur and all of its assets, including Hypur Pay and Hypur Comply.

Does this impact my relationship with POSaBIT or Hypur?

The service you trust will continue uninterrupted. Customers, partners, vendors, employees and community members should not be impacted during this stage. Continue to reach out to your existing contacts.

The acquired companies will continue to operate as usual as we integrate our teams and technologies. Expect to hear news from our team well in advance, as well as opportunities to provide feedback and preview new services.

Why are you acquiring these companies?

This acquisition expands our leadership in the cannabis payments space, doubles down on our commitment to compliance, and expands our payment capabilities and platform. POSaBIT now offers the most payment solutions to the cannabis industry, with multiple PIN solutions, an industry-leading ACH solution, the only fully-integrated payments portal, robust reporting, and reconciliation capabilities.

Where can I learn more?

If you’re a customer, reach out to your customer success manager to learn more. Investors should consult our Investor Relations page. Otherwise, click here to contact our team.

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