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June 2, 2020

POSaBIT

Seattle-based POSaBIT sold its subsidiary DoubleBeam to financial tech company OLB Group. POSaBIT bought DoubleBeam in early 2018 to support its entry into the cannabis point-of-sale market using DoubleBeam's hardware and software capabilities. The sale to OLB was an all-cash deal. Other details were not disclosed. POSaBIT is a financial tech company focused on point-of-sale systems for cash-only businesses, especially those in the cannabis industry.




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