BYND:CC - Bynd Cannasoft Enterprises Inc. Announces Results of SGM

February, 28 2024 08:00 AM Bynd Cannasoft Enterprises Inc.

(TheNewswire)

Vancouver, British Columbia / TheNewswire / February 28, 2024 BYND Cannasoft Enterprises Inc. (“ BYND ” or the“ Company ”) (CSE:BYND ) ( NASDAQ:BCAN) , is pleased to announce theresults of the special general meeting of shareholders(“ SGM ”) held yesterday in person at 10:00am (Pacific DaylightSavings Time).

Shareholders approved all the matters recommended bymanagement, including:

Approval of the Shareholders Rights Plan agreementdated as of January 24, 2024 between the Company and ComputershareInvestor Services Inc;
Approval of the Amendment to the Restricted Share UnitCompensation Plan;
Approval of the Amendment of the Stock Option Plan;and
The approval of the Consolidation of Share Capital inwhich the authorized share structure of the Company be altered byconsolidating all of the issued and outstanding Common Shares withoutpar value on the basis of 30 pre-consolidation Common Shares for onepost-consolidation common share of the Company, or such lesser whole number of pre-consolidation Common Sharesas the directors may determine.

About BYND CannasoftEnterprises Inc.

BYND Cannasoft Enterprises is an Israeli-basedintegrated software and cannabis company. BYND Cannasoft owns andmarkets "Benefit CRM," a proprietary customer relationshipmanagement (CRM) software product enabling small and medium?sizedbusinesses to optimize their day?to?day business activities suchas sales management, personnel management, marketing, call centeractivities, and asset management. Building on our 20 years ofexperience in CRM software, BYND Cannasoft is developing an innovativenew CRM platform to serve the needs of the medical cannabis industryby making it a more organized, accessible, and price-transparentmarket. The Cannabis CRM System will include a Job Management(BENEFIT) and a module system (CANNASOFT) for managing farms andgreenhouses with varied crops. BYND Cannasoft owns the patent-pendingintellectual property for the EZ-G device. This therapeutic deviceuses proprietary software to regulate the flow of low concentrationsof CBD oil, hemp seed oil, and other natural oils into the softtissues of the female reproductive system to treat a wide variety ofwomen's health issues. The EZ-G device includes technologicaladvancements as a sex toy with a more realistic experience, and theprototype utilizes sensors to determine what enhances the users'pleasure. The user can control the device through a Bluetooth appinstalled on a smartphone or other portable device. The data will betransmitted and received from the device to and from the secure cloudusing artificial intelligence (AI). The data is combined with otherantonymic user preferences to improve its operation by increasingsexual satisfaction.

For FurtherInformation , please refer to theinformation 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.

GabiKabazo

Chief Financial Officer

Tel: (604) 833-6820

e?mail: ir@cannasoft-crm.com

Cautionary NoteRegarding Forward-Looking Statements

This press release includes certain statements that maybe deemed "forward-looking statements" including statementsregarding the filing of a final Prospectus. All statements in thisrelease, other than statements of historical facts, that addressfuture events or developments that the Company expects, areforward-looking statements including but not limited to intendedbusiness objectives and the expected timelines to accomplish thoseobjectives. Although the Company believes the expectations expressedin such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performance,and actual events or developments may differ materially from those inforward-looking statements. Such forward-looking statementsnecessarily involve known and unknown risks and uncertainties, whichmay cause the Company's actual performance and financial results infuture periods to differ materially from any projections of futureperformance or results expressed or implied by such forward-lookingstatements. Such statements reflect the Company's current views withrespect to future events and are subject to such risks anduncertainties. Many factors could cause actual results to differmaterially from the statements made, including unanticipatedregulatory requests and delays, final patents approval, future salesand revenues from the EZ-G device and those factors discussed infilings made by the Company with the Canadian securities regulatoryauthorities, including (without limitation) in the Company'smanagement's discussion and analysis for the year ended December 31,2022 and annual information form dated March 31, 2023, which areavailable under the Company's profile at www.sedar.com, and in theCompany's Annual Report on Form 20-F for the year then ended that wasfiled with the U.S. Securities and Exchange Commission on April 27,2023. Should one or more of these factors occur, or should assumptionsunderlying the forward-looking statements prove incorrect, actualresults may vary materially from those described herein as intended,planned, anticipated, or expected. We do not intend and do not assumeany obligation to update these forward?looking statements except asrequired by law. Any such forward-looking statements representmanagement's estimates as of the date of this press release. While wemay elect to update such forward-looking statements at some point inthe future, we disclaim any obligation to do so, even if subsequentevents cause our views to change. Shareholders are cautioned not toput undue reliance on such forward?looking statements.

Company Name:	Bynd Cannasoft Enterprises Inc.
Stock Symbol:	BYND:CC
Market:	CNQC

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