VANCOUVER, British Columbia, Sept. 30, 2022 (GLOBE NEWSWIRE) — BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) (CSE: BYND) (“BYND” or the “Company”) is happy to announce that it has agreed to boost as much as CAD$649,500 from sure buyers by means of a non-brokered non-public placement. Specifically, the Company has agreed to concern as much as 150,000 frequent shares at a difficulty worth of $4.33 per share (the “Private Placement”).
The Private Placement is scheduled to shut previous to the tip of October and is conditional upon receipt of all essential regulatory approvals. As required by the buyers, the proceeds from the Private Placement can be utilized to pay for public relations, investor relations and business advertising and marketing prices.
No finder’s charge can be payable in reference to the Private Placement. Pursuant to Canadian securities legal guidelines, all frequent shares that are issued pursuant to the Private Placement, can be topic to a maintain interval of 4 months plus sooner or later from the date of closing of the Private Placement. The frequent shares are anticipated to be supplied to buyers positioned in Israel solely. No securities can be supplied or bought within the United States or to U.S. buyers.
Mr. Yftah Ben Yaackov, the BYND’s CEO famous that “This Private Placement will allow us to invest in marketing and public relations, an area we have barely invested in since our listing on the CSE back in April 2021, it will increase visibility of our Company worldwide and will help create real value for our shareholders and the Company”.
About BYND Cannasoft Enterprises Inc.
BYND is an built-in software program/hashish firm, primarily based in Israel.
CRM Software
BYND owns and markets a proprietary buyer relationship administration (CRM) software program product, often known as “Benefit CRM”. BYND’s Benefit CRM software program permits small and medium‐sized companies to optimize their day‐to‐day business actions similar to gross sales administration, personnel administration, advertising and marketing, name heart actions and asset administration. BYND’s next-generation Benefit CRM platform is now prepared for BETA testing.
Cannabis CRM
Building on its 20 years of expertise in CRM software program, BYND has just lately begun growth of an revolutionary new CRM platform, designed particularly to serve the wants of the medical hashish trade. This new platform would be the first of its sort for the medical hashish subject and the Company is assured it can rework the trade right into a extra organized, accessible, and worth clear market. Data and knowledge collected via the operation of the Cannabis Farm (see beneath) and the merchandise it produces will enable BYND to check its new Cannabis CRM platform and modify the platform as essential. Additionally, working the Cannabis Farm and promoting medical hashish will herald further income to additional assist BYND through the preliminary roll‐out years of its hashish CRM platform.
Cannabis Farm
BYND is within the means of securing approval for the switch of a major rising license for rising medical hashish in Israel and intends to assemble a 3.7 acre farm facility close to Ashkelon Israel, to develop medical hashish. The Company’s plans embrace the development of 4 cutting-edge greenhouses, housing roughly 2.5 acres of whole rising space. BYND estimates that after totally operational its Cannabis farm facility will have the ability to produce 7,500kg of uncooked hashish annually. BYND additionally intends to work with strategic companions to develop and market new, proprietary cannabis-infused merchandise on the market all through Israel and for export. For Further Information please consult with the data obtainable on the Company’s web site: www.cannasoft‐ crm.com, the CSE’s web site: www.thecse.com/en/listings/life‐sciences/bynd‐cannasoft‐enterprises‐inc and on SEDAR: www.sedar.com.
Gabi Kabazo
Chief Financial Officer
Tel: (604) 833‐6820
e‐mail: ir@cannasoft‐crm.com
For Media and Investor Relations, please contact:
David L. Kugelman
(866) 692-6847 Toll Free – U.S. & Canada
(404) 281-8556 Mobile and WhatsApp
[email protected]
Skype: kugsusa
Cautionary Note Regarding Forward‐Looking Statements
This Press Release comprises ahead‐trying statements that contain dangers and uncertainties, which can trigger precise outcomes to vary materially from the statements made. When used on this doc, the phrases “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and related expressions are meant to establish ahead‐trying statements. In this information launch, these statements embrace, with out limitation, the anticipated completion of the Private Placement and the meant use of proceeds from the Private Placement. Such statements replicate our present views with respect to future occasions and are topic to such dangers and uncertainties. Many components might trigger our precise outcomes to vary materially from the statements made together with, with out limitation, the Company’s receipt of subscriptions beneath the Private Placement and current business situations on the time of its meant use of the online proceeds from the Private Placement, along with these components mentioned in filings made by us with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. Should a number of of those dangers and uncertainties, similar to forex and rate of interest fluctuations, elevated competitors, and normal financial and market components, happen or ought to assumptions underlying the forward-looking statements show incorrect, precise outcomes could range materially from these described herein as meant, deliberate, anticipated, or anticipated. We don’t intend and don’t assume any obligation to replace these ahead‐trying statements, besides as required by regulation. Shareholders are cautioned to not put undue reliance on such ahead‐trying statements.
Neither the U.S. Securities and Exchange Commission nor the CSE has reviewed, permitted or disapproved the content material of this press launch.
