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POSaBIT to Host Second Quarter 2022 Earnings Conference Call

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TORONTO & SEATTLE–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, will host a conference call and live webcast on August 25, 2022 at 4:30 p.m. eastern time to discuss the results of the second quarter ended June 30, 2022.

Conference Call Information

Date: August 25, 2022

Time: 4:30pm Eastern Time

Toll Free: 888-506-0062

International: 973-528-0011

Entry Code: Participant Access Code: 742426

Live Webcast: https://www.webcaster4.com/Webcast/Page/2708/46302

Conference Call Replay Information:

The replay will be available approximately 1 hour after the completion of the live event.

Toll Free: 877-481-4010

International: 919-882-2331

Replay Passcode: 46302

Replay Webcast: https://www.webcaster4.com/Webcast/Page/2708/46302

About POSaBIT

POSaBIT (CSE: PBIT) is a financial technology company that delivers unique and innovative payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly, and utilizes top-of-the-line hardware. POSaBIT’s unique solution provides a safe and transparent environment for merchants while creating a better overall experience for the consumer. For additional information, visit www.posabit.com.

Contacts

Investor Relations:
investors@posabit.com

Media Relations:
Oscar Dahl

855-767-2248

oscar@posabit.com

Management:
Ryan Hamlin

Co-founder and CEO of POSaBIT

855-767-2248

investors@posabit.com

Hayden IR

James Carbonara

(646) 755-7412

james@haydenir.com

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WM Technology, Inc. Launches Weedmaps for Business, the Fully Integrated Suite of End-to-End SaaS Solutions for Cannabis Retailers and Brands

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IRVINE, Calif.–(BUSINESS WIRE)–$MAPS–WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), the leading marketplace and technology solutions provider to the cannabis industry, today announced the launch of Weedmaps for Business. Formerly WM Business, the Company’s reconfiguration and renaming of its SaaS offerings better reflects the comprehensive B2B and B2C suite of products that affords cannabis retailers and brands of all sizes with fully integrated tools to run their businesses.


“Since 2008, we have been working to build a complete SaaS platform that provides a suite of compliant, data-driven solutions that enables our clients to reach, convert, and retain customers both online and in-store,” said Chris Beals, CEO of WM Technology. “While consumer discovery will always be the key value that we offer to our clients, the Weedmaps model has migrated naturally upstream to power and grow businesses holistically.”

This realignment includes the integration of WM Technology’s recent acquisitions — Sprout, Enlighten, Cannveya, and CannCurrent — and enables the technology company to provide an interconnected suite of logical, end-to-end solutions. With the addition of these companies, WM Technology now supports businesses at every stage in the consumer funnel which enables cannabis businesses to:

  • Strategically reach prospective cannabis customers through Weedmaps’ marketplace via WM Listings, WM Deals and WM Ads, and extend that reach through WM AdSuite.
  • Compliantly manage pick-up, delivery, and inventory in accordance with local regulations through WM Orders and WM Dispatch.
  • Help improve customer experience by creating online ordering functionality on a brand or retailer’s website with WM Store and extend that functionality in-store with kiosks from WM Screens.
  • Foster customer loyalty and re-engage consumers with WM CRM and its integration with the Weedmaps marketplace.
  • Leverage the Weedmaps for Business products in conjunction with any other preferred software solutions via our third party integrations and create a scalable customized workflow with WM Connectors.
  • Make informed marketing and merchandising decisions using performance analytics and consumer and brand insights to promote products to specific consumer groups with WM Insights.

According to Christopher Fenske, Chief Strategy Officer at California-based dispensary Jaderoom, the company has leveraged Weedmaps’ suite of tools to help enable growth from a single delivery operation to a vertically integrated brand in just under two years.

“The biggest hurdle in the cannabis industry right now is connecting all the software seamlessly between your CRM, orders fulfillment, and delivery management system, yet Weedmaps took this challenge head on,” Fenske said. “We started with Weedmaps because we knew the strength of their customer base, and as I look at what we’ve been able to build in less than two years, much of the credit for our success we attribute to Weedmaps.”

The newly structured business offerings from WM Technology are grounded in the company’s long standing industry experience and consumer insights, and are available by monthly subscription.

“Weedmaps was established fourteen years ago with the goal of making cannabis more accessible, and a large part of that is ensuring that cannabis businesses can effectively reach customers using data driven marketing and operational strategies,” said Beals. “We believe our product offerings will help cannabis retailers and brands reach valuable consumers, streamline and simplify their operations extremely efficiently, which is critical in current market conditions.”

To learn more about Weedmaps for Business and the Company’s suite of SaaS solutions, please visit: https://weedmaps.com/business/.

About WM Technology

Founded in 2008, WM Technology operates the leading online cannabis marketplace for consumers together with a comprehensive set of eCommerce and compliance software solutions for cannabis businesses, which are sold to retailers and brands in the U.S. state-legal and Canadian cannabis markets. The Company’s mission is to power a transparent and inclusive global cannabis economy.

The Company’s technology addresses the challenges facing both consumers seeking to understand cannabis products and businesses who serve cannabis users in a legally compliant fashion. Over the past 14 years, the Weedmaps marketplace has become the premier destination for cannabis consumers to discover and browse information regarding cannabis and cannabis products, permitting product discovery and order-ahead for pick-up or delivery by participating retailers. Weedmaps for Business is a set of eCommerce-enablement tools designed to help retailers and brands get the best out of the Weedmaps’ consumer experience, create labor efficiencies, and manage compliance needs.

WM Technology holds a strong belief in the power of cannabis and the importance of enabling safe, legal access to consumers worldwide. Since inception, WM Technology has worked tirelessly, not only to become the most comprehensive platform for consumers, but to build the software solutions that power businesses compliantly in the space, to advocate for legalization, social equity, and licensing in many jurisdictions, and to facilitate further learning through partnering with subject matter experts on providing detailed, accurate information about the plant.

Headquartered in Irvine, California, WM Technology supports remote work for all eligible employees. Visit us at www.weedmaps.com.

Contacts

Media Relations:
Travis Rexroad, Corporate Communications

press@weedmaps.com

Investor Relations:
investors@weedmaps.com

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Flora Growth Sets First Half 2022 Conference Call for August 15, 2022, at 4:30 p.m. ET

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FORT LAUDERDALE, Fla. & TORONTO–(BUSINESS WIRE)–Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, will host its first half 2022 earnings call via webcast on Monday, August 15, 2022, at 4:30 p.m. ET. The Company’s results will be reported in a press release prior to the call.

During the webcast, Flora management will deliver financial and operational results for the six months ended June 30, 2022, in addition to comments on the Company’s 2022 commercial operations, house of brands and life sciences strategies. Following the presentation, Flora will open the floor to analysts, media and investors in a Q&A format.

Live Audio Webcast Details

Date: Monday, August 15, 2022

Time: 4:30 p.m. Eastern time

Webcast Link: https://www.floragrowth.com/flgc-h1-2022-earnings-call/

The live webcast will be available online through the above participant link and will be archived and available on the Company’s website within approximately 24 hours. If any member of the investment community needs access to a phone dial-in, please email flora@cmwmedia.com and one will be provided.

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands delivering the most compelling customer experiences in the world, one community at a time. As the operator of one of the most extensive outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its commercial, house of brands, and life sciences divisions. Visit www.floragrowth.com or follow @floragrowthcorp on social media for more information.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains ‘‘forward-looking statements,’’ as defined by federal securities laws. Forward-looking statements reflect Flora’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in Flora’s Annual Report on Form 20-F filed with the SEC on May 9, 2022, as such factors may be updated from time to time in Flora’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Flora’s filings with the SEC. While forward-looking statements reflect Flora’s good faith beliefs, they are not guarantees of future performance. Flora disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Flora (or to third parties making the forward-looking statements).

Contacts

Investor Relations:
Sean Mansouri

ir@floragrowth.com

Public Relations:
Cassandra Dowell

+1 (858) 221-8001

flora@cmwmedia.com

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Komplyd Closes Seed Round of Financing

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API-First Platform Offers Cannabis Companies Protective Guardrails, Democratizes Compliance Across the Industry

SAN JOSE, Calif.–(BUSINESS WIRE)–Komplyd, an automated platform that allows cannabis companies to establish and maintain compliance across multiple jurisdictions with a single API integration, announced today the closing of an oversubscribed funding round for an undisclosed amount. Komplyd will use the proceeds from the financing, co-led by Poseidon and Achari Ventures to execute on its national expansion strategy.

Komplyd’s platform allows the smallest operator to access and use the same tools as the largest MSO, to minimize the impact compliance has on their business. Komplyd views the complexity of cannabis regulations as a data problem. Built on a common data model, Komplyd provides protective guardrails and automated workflows across multiple states, counties and local municipalities through its AI-driven compliance engine.

Rose Elliott and her co-founder, Audrey Fernandez-Elliott, are no strangers to building data-driven solutions in highly regulated industries. Elliott previously led engineering teams at Tenable and PayPal. Fernandez-Elliott was responsible for complex M&A integrations and global expansion initiatives at PayPal, Apple, and Fitbit.

“Regulatory compliance is one of the main barriers to entry and expansion for companies operating in the cannabis industry,” said Elliott. “The Komplyd platform not only provides a common data model and universal API, but also a dynamic rules engine ensuring cannabis businesses are working within the guidelines defined by the states and locales in which they operate.”

Komplyd also announced the appointment of three Board Directors, including Patrick Rea of Poseidon Garden Ventures, Vikas Desai of Achari Ventures, and Tushar Shah, an expert in compliance and risk management technology whose prior roles included CTO/SVP of Platforms at PayPal and SVP of Technology at Bank of America.

“We are proud to partner with Komplyd as it unveils a truly remarkable solution for the cannabis industry,” said Rea. “Komplyd gives flight to cannabis businesses that wish to expand outside of their home states while remaining compliant in the new states they enter. And for those tired of ‘Compliance Cleanup’ fees to lawyers and consultants, Komplyd provides a cost-effective, stable and reliable solution in their home states. This is a game changer for every cannabis business that does its own compliance, and every cannabis tech company that supports them.”

About Komplyd

Founded January 1, 2020, Komplyd is the first API first compliance as a service platform serving the cannabis industry. Drawing from a team of seasoned technology professionals who are passionate about the health and wellness benefits of cannabis, Komplyd is an easy and cost-effective way for companies to integrate multi-jurisdiction regulatory compliance features into their applications through a single integration. Komplyd’s platform is architected for scalability, availability, performance and security. Learn more about the next generation of cannabis compliance technology at komplyd.com.

Contacts

Audrey Fernandez-Elliott

Komplyd, Inc.

audrey@komplyd.com
415.225.4199

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