BYND Cannasoft Entering Production Agreements for its EZ-G Device
25 Gennaio 2024 - 3:00PM
BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN) (CSE: BYND) ("BYND
Cannasoft" or the "Company") announced today that its EZ-G project
team has arrived in Shenzhen, China to sign agreements with two of
the largest manufacturers in the province to begin production of
the EZ-G device and EZ-G Capsules. BYND Cannasoft intends to start
mass production of its EZ-G device and EZ-G capsules after the
Chinese New Year which ends on February 24, 2024. Starting
production of the EZ-G device and EZ-G capsules will allow BYND
Cannasoft to meet its benchmark of starting the sale of the EZ-G
device and EZ-G capsules in the second quarter of 2024, as
announced in the Company’s previous press releases.
As the company announced previously, the EZ-G device includes
the use of Capsules containing various types of substances and oils
that flow in a controlled manner from the Capsules through a
special pump inside the device and from there to the body
tissues.
The production chain will continue by transporting the Capsules
to the US and then transferred to the various filling plants
according to the types of substances required.
BYND Cannasoft previously announced a positive response from
potential customers who registered on its website -
https://easyg-ai.com/ to be first in line to place orders for the
EZ-G devices once they are ready to be delivered. This positive
response reflects the demand for the innovative EZ-G device and
accompanying EZ-G capsules while underscoring the Company's
commitment to delivering its technology to customers.
“This is a significant milestone for BYND Cannasoft as we are
moving from the stage of developing the dream to realizing the
dream in practice,” said Yftah Ben Yaackov, CEO and Director of
BYND Cannasoft. “ I am confident that we will quickly bring to the
market a technological product of the highest level and provide
relief and pleasure to users on one hand and significant value to
our shareholders on the other hand while generating significant
sales and profits”
About BYND Cannasoft Enterprises Inc.
BYND Cannasoft Enterprises is an Israeli-based integrated
software and cannabis company. BYND Cannasoft owns and markets
"Benefit CRM," a proprietary customer relationship management (CRM)
software product enabling small and medium‐sized businesses to
optimize their day‐to‐day business activities such as sales
management, personnel management, marketing, call center
activities, and asset management. Building on our 20 years of
experience in CRM software, BYND Cannasoft is developing an
innovative new CRM platform to serve the needs of the medical
cannabis industry by making it a more organized, accessible, and
price-transparent market. The Cannabis CRM System will include a
Job Management (BENEFIT) and a module system (CANNASOFT) for
managing farms and greenhouses with varied crops. BYND Cannasoft
owns the patent-pending intellectual property for the EZ-G device.
This therapeutic device uses proprietary software to regulate the
flow of low concentrations of CBD oil, hemp seed oil, and other
natural oils into the soft tissues of the female reproductive
system to treat a wide variety of women's health issues. The EZ-G
device includes technological advancements as a sex toy with a more
realistic experience, and the prototype utilizes sensors to
determine what enhances the users' pleasure. The user can control
the device through a Bluetooth app installed on a smartphone or
other portable device. The data will be transmitted and received
from the device to and from the secure cloud using artificial
intelligence (AI). The data is combined with other antonymic user
preferences to improve its operation by increasing sexual
satisfaction.
For Further Information, please refer to the
information available on the Company's website:
www.cannasoft-crm.com, the CSE's website:
www.thecse.com/en/listings/life-sciences/bynd-cannasoft-enterprises-inc and
on SEDAR+: www.sedarplus.ca.
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
dk@atlcp.com
Skype: kugsusa
Cautionary Note Regarding Forward-Looking
Statements
This press release includes certain statements that may be
deemed "forward-looking statements" including statements regarding
the filing of a final Prospectus. All statements in this release,
other than statements of historical facts, that address future
events or developments that the Company expects, are
forward-looking statements including but not limited to intended
business objectives and the expected timelines to accomplish those
objectives. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance, and actual events or developments may differ
materially from those in forward-looking statements. Such
forward-looking statements necessarily involve known and unknown
risks and uncertainties, which may cause the Company's actual
performance and financial results in future periods to differ
materially from any projections of future performance or results
expressed or implied by such forward-looking statements. Such
statements reflect the Company's current views with respect to
future events and are subject to such risks and uncertainties. Many
factors could cause actual results to differ materially from the
statements made, including unanticipated regulatory requests and
delays, final patents approval, future sales and revenues from the
EZ-G device and those factors discussed in filings made by the
Company with the Canadian securities regulatory authorities,
including (without limitation) in the Company's management's
discussion and analysis for the year ended December 31, 2022 and
annual information form dated March 31, 2023, which are available
under the Company's profile at www.sedar.com, and in the Company's
Annual Report on Form 20-F for the year then ended that was filed
with the U.S. Securities and Exchange Commission on April 27, 2023.
Should one or more of these factors occur, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated, or expected. We do not intend and
do not assume any obligation to update these forward‐looking
statements except as required by law. Any such forward-looking
statements represent management's estimates as of the date of this
press release. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation
to do so, even if subsequent events cause our views to change.
Shareholders are cautioned not to put undue reliance on such
forward‐looking statements.
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