VANCOUVER, British Columbia, Sept. 23, 2022 (GLOBE NEWSWIRE) — BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) (CSE: BYND) (“BYND” or the “Company”) introduced right this moment that, additional to its information launch of September 19, 2022, it has accomplished the acquisition of all the issued and excellent shares of Zigi Carmel Initiatives & Investments Ltd. (“ZC”) from Carmel Zigdon. Under the phrases of the share buy settlement, the Company issued 7,920,000 widespread shares to the seller. These shares are topic to a maintain interval and will not be traded in Canada earlier than January 23, 2023.
The Company additionally stories that Carmel has been appointed as a director of BYND. Carmel invented the idea for the EZ-G machine again in 2021 and since then has developed it for commercialization. He at the moment manages the web purchasing website ZCRAIV, a web based garments retailer producing revenues within the thousands and thousands of US$ per 12 months.
The following disclosure is the only accountability, and printed on the request, of the seller pursuant to his disclosure obligations underneath National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”).
Carmel Zigdon (the “Acquiror”) has acquired helpful possession and management over 7,920,000 widespread shares of the Company (the “Shares”) at a deemed value per share of $4.735 for a complete deemed value of $37,501,200. The Shares have been acquired on September 22, 2022 pursuant to the Company’s buy of ZC (the “Acquisition”). Immediately following the Acquisition, the Acquiror owned a complete of seven,920,000 Shares representing 20.99% of the Company’s 37,736,810 issued and excellent Shares.
The Shares have been acquired for funding functions. The Acquiror might now and again purchase further securities, eliminate some or all the current or further securities or might proceed to carry the securities of the Company.
A replica of the early warning report back to be filed by the Acquiror pursuant to NI 62-103 could also be obtained from Carmel at +972 54 2141448.
About BYND Cannasoft Enterprises Inc.
BYND is an built-in software program/hashish firm, based mostly 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 equivalent to gross sales administration, personnel administration, advertising, 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 improvement of an progressive new CRM platform, designed particularly to serve the wants of the medical hashish business. This new platform would be the first of its variety for the medical hashish subject and the Company is assured it’ll rework the business right into a extra organized, accessible, and value clear market. Data and knowledge collected by way of the operation of the Cannabis Farm (see beneath) and the merchandise it produces will enable BYND to check its new Cannabis CRM platform and regulate the platform as needed. Additionally, working the Cannabis Farm and promoting medical hashish will herald further income to additional help BYND throughout the preliminary roll‐out years of its hashish CRM platform.
Cannabis Farm
BYND is within the strategy 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 embody the development of 4 cutting-edge greenhouses, housing roughly 2.5 acres of complete rising space. BYND estimates that when absolutely operational its Cannabis farm facility will have the ability to produce 7,500kg of uncooked hashish every year. 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 confer with the data out there 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
BYND Cannasoft Press Release‐ September 23, 2022.
