Vancouver, BC, Jul 15, 2024 – (NewMediaWire) – – BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN) (“BYND” or the “Company”), an built-in software program firm, offered its CEO’s periodic replace for the 12 months 2024.
With the Firm’s entry into the final stretch earlier than the anticipated begin of gross sales of the EZ-G gadget, it has labored over the previous 12 months to consolidate its strategic exercise within the subject of feminine wellness, significantly within the FemTech subject.
The worldwide FemTech market dimension is valued at USD 45.75 billion in 2022. It’s estimated to achieve USD 139.51 billion by 2031, rising at a CAGR of 13.12% throughout the forecast interval (2023-2031). Not directly, ladies considerably affect the enlargement of the healthcare business. Girls represent fifty % of healthcare customers worldwide. Roughly ninety % of ladies are the first healthcare decision-makers of their houses. Moreover, ladies are 75% extra doubtless than males to make the most of digital healthcare instruments. 80% of healthcare suppliers are feminine, with the preponderance being nurses. Girls’s participation in numerous sectors selling healthcare can affect the adoption of FemTech options.
With such an exponentially evolving subject in thoughts, we’re consistently working to carry the Firm’s flagship product to market within the coming months in addition to develop further merchandise primarily based on the Firm’s patented expertise – the good launch expertise system.
As a part of the change and deepening its technique within the subject, the Firm is planning adjustments throughout 2024, embody adjustments within the company subject in addition to within the subject of visibility and branding.
On the similar time, the Firm intends to showcase its expertise and merchandise in a quantity tradeshows within the US within the subject of ladies’s wellness and expertise.
Progressive Product Line-Up
BYND strives to redefine skincare with its good beauty face gadget, using good launch expertise alongside interchangeable serum capsules. This innovation permits customers to seamlessly transition between therapies, catering to quite a lot of pores and skin wants. The combination of LED mild remedy and mild vibrations ensures optimum serum absorption, making each skincare routine a wise and customized expertise.
Within the hair wellness area, BYND’s proprietary expertise has given rise to an modern hair development brush, designed to optimize hair therapy. By combining LED mild remedy, light vibrations, and important nutrient capsules, this brush goals to foster a perfect surroundings for hair development, guaranteeing complete care for each hair follicle.
Venturing into ladies’s sports activities, BYND improvement of a muscle ache reduction regulator illustrates the corporate’s dedication to enhancing athletic efficiency and restoration. This wearable expertise merges warmth remedy, vibration, and gel utility in a user-friendly design, providing focused reduction and muscle restoration assist.
Increasing and deepening the corporate’s patent safety
In latest months, the corporate has filed nationwide patent functions within the US and the European Union and in about ten different totally different international locations.
The safety consists of intensive safety of the EZ-G gadget and the capsule mannequin appropriate with the gadget, in addition to a number of different units.
Market penetration phases
Within the coming weeks, the corporate will conduct an intensive person survey amongst ladies of various ages by means of one of many main person expertise survey corporations within the US.
On this person survey, the corporate will search to find out the exact outcomes of utilizing the EZ-G gadget and create a top quality person expertise.
We anticipate the outcomes of the overview to be optimistic and show the gadget’s effectiveness and the standard person expertise it supplies.
Following the conclusion of the overview, the corporate intends to approve preliminary manufacturing of roughly 10,000 preliminary items of the EZ-G gadget.
The units will probably be bought on the corporate’s soon-to-be-launched new and improved web site and different digital platforms.
The corporate is in negotiations for the sale of hundreds of product items below an unique franchise within the US and expects to make use of the franchise channel as a platform for distributing the gadget with a view to understand the corporate’s technique primarily based on razors and a knife through which all gadget customers usually buy the distinctive oil capsules from the corporate as long-term subscribers of the corporate.
About BYND Cannasoft Enterprises Inc.
BYND Cannasoft stands as a pioneering power in female expertise. The corporate’s purpose is to function a beacon of transformative change within the sphere of feminine well being and wellness. By proprietary Sensible Launch Expertise and a dedication to creating good, women-centric merchandise, BYND is establishing new benchmarks within the wellness business.
BYND is an Israeli-based built-in software program firm. BYND owns and markets “Benefit CRM”, a proprietary buyer relationship administration (CRM) software program product enabling small and medium-sized companies to optimize their day-to-day enterprise actions akin to gross sales administration, personnel administration, advertising and marketing, name heart actions, and asset administration.
BYND owns the patent-pending mental property for the EZ-G gadget. This therapeutic gadget makes use of proprietary software program to manage the movement of low concentrations of CBD oil, hemp seed oil, and different pure oils into the delicate tissues of the feminine reproductive system to probably deal with all kinds of ladies’s well being points. The EZ-G gadget consists of technological developments as a intercourse toy with a extra practical expertise and the prototype makes use of sensors to find out what enhances the customers’ pleasure. The person can management the gadget by means of a Bluetooth app put in on a smartphone or different moveable gadget. The information will probably be transmitted and acquired from the gadget to and from the safe cloud utilizing synthetic intelligence (AI). The information is mixed with different antonymic person preferences to enhance its operation by rising sexual satisfaction. Commercialization of the EZ-G gadget is topic to receipt of regulatory approvals.
The units described on this information launch are idea units which are within the first stage of improvement and will probably be topic to intensive testing and regulatory approvals and due to this fact there isn’t any certainty that they’ll finally be marketed.
For additional data please consult with the Firm’s web site: www.cannasoft-crm.com, and on SEDAR+: www.sedarplus.ca.
https://finance.yahoo.com/information/global-femtech-market-size-estimated-152000742.html
Gabi Kabazo,
Chief Monetary Officer
Tel: (604) 833-6820
e-mail: ir@cannasoft-crm.com
Cautionary Observe Concerning Ahead-Trying Statements
This press launch consists of sure statements could also be deemed “forward-looking statements” inside the that means of Part 27A of the U.S. Securities Act of 1933, as amended, and Part 21E of the U.S. Securities Trade Act of 1934, as amended and below Canadian securities legal guidelines. When used on this press launch, the phrases “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and comparable expressions are supposed to establish forward-looking statements. Such statements are topic to sure dangers and uncertainties, and precise circumstances, occasions or outcomes might differ materially from these projected in such forward-looking statements.
Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements usually are not ensures of future efficiency, and precise occasions or developments might differ materially from these in forward-looking statements. Such forward-looking statements essentially contain identified and unknown dangers and uncertainties, which can trigger the Firm’s precise efficiency and monetary ends in future durations to vary materially from any projections of future efficiency or outcomes expressed or implied by such forward-looking statements. Such statements replicate the Firm’s present views with respect to future occasions and are topic to such dangers and uncertainties. Many components may trigger precise outcomes to vary materially from the statements made, together with future monetary efficiency, unanticipated regulatory requests and delays, ultimate patents approval, and people components mentioned in filings made by the corporate with the Canadian securities regulatory authorities, together with (with out limitation) within the firm’s administration’s dialogue and evaluation for the 12 months ended December 31, 2023 and annual data type dated April 2, 2024, which can be found below the corporate’s profile at www.sedarplus.ca, and within the Firm’s Annual Report on Type 20-F for the 12 months then ended that was filed with the U.S. Securities and Trade Fee on April 3, 2024. Ought to a number of of those components happen, or ought to assumptions underlying the forward-looking statements show incorrect, precise outcomes might fluctuate materially from these described herein as supposed, deliberate, anticipated, or anticipated. We don’t intend nor assume any obligation to replace these forward-looking statements, besides as required by regulation. Any such forward-looking statements characterize administration’s estimates as of the date of this press launch. Whereas we might elect to replace such forward-looking statements sooner or later sooner or later, we disclaim any obligation to take action, even when subsequent occasions trigger our views to alter. Shareholders are cautioned to not put undue reliance on such forward-looking statements.
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