BYND:CC - Early Warning News Release
(TheNewswire)
VANCOUVER, British Columbia – TheNewswire - December 28, 2023 - BYNDCannasoft Enterprises Inc. (NASDAQ:BCAN) (CSE:BYND) (“BYNDCannasoft” or the “Company”) announced today the filing of earlywarning reports by Yftah Ben Yaacov (“Yftah”), Marcel Maram(“Marcel”), Avner Tal (“Avner”) and Carmel Zigdon(“Carmel”) (the “ Acquirors”) advising of the decrease oftheir ownership following the registered direct public offering (the“Offering”) that closed on December 21, 2023.
The following disclosure is the sole responsibility,and published at the request, of the Acquirors pursuant to hisdisclosure obligations under National Instrument 62-103 The EarlyWarning System and Related Take-Over Bid and Insider Reporting Issues(“NI 62-103”).
Prior to the Offering, Carmel beneficially owned7,920,000 Shares representing 20.99% of the Company’s issued andoutstanding Shares.
After giving effect to the offering, Carmel owned7,920,000 shares representing 18.61% of the Company’s 42,553,166issued and outstanding Shares, a decrease of 2.38%.
Prior to the Offering, Yftah beneficially owned8,184,616 Shares representing 21.69% of the Company’s issued andoutstanding Shares.
After giving effect to the offering, Yftah owned8,184,616 shares representing 19.23% of the Company’s 42,553,166issued and outstanding Shares, a decrease of 2.46%.
Prior to the Offering, Marcel beneficially owned4,091,407 Shares representing 10.84% of the Company’s issued andoutstanding Shares.
After giving effect to the offering, Marcel owned4,091,407 shares representing 9.61% of the Company’s 42,553,166issued and outstanding Shares, a decrease of 1.23%.
Prior to the Offering, Avner beneficially owned4,091,407 shares representing 10.84% of the Company’s issued andoutstanding Shares.
After giving effect to the offering, Avner owned4,091,407 shares representing 9.61% of the Company’s 42,553,166issued and outstanding Shares, a decrease of 1.23%.
The Shares were acquired for investment purposes. TheAcquirors may from time to time acquire additional securities, disposeof some or all of the existing or additional securities or maycontinue to hold the securities of the Company.
A copy of the early warning reports that were filed bythe Acquirors pursuant to NI 62-103 may be obtained from Carmel at+972 54 2141448, Yftah at +972 50 7262830, Marcel at +972 54 4978266and Avner at +972 54 452 2821.
About BYND Cannasoft EnterprisesInc.
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 such assales 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 industry.The Cannabis CRM System will include a Job Management (BENEFIT) and amodule system (CANNASOFT) for managing farms and greenhouses withvaried crops.
A subsidiary of BYND Cannasoft owns the patent-pendingintellectual property for the EZ-G device. This device usesproprietary software to regulate the flow of low concentrations of CBDoil, hemp seed oil, and other natural oils into the soft tissues ofthe female reproductive system to potentially 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 istransmitted 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. Commercialization of the EZ-G device is subjectto receipt of regulatory approvals.
For further information, please refer to theinformation available on the Company's website: www.cannasoft-crm.com , theCSE’s website: www.thecse.com/en/listings/life-sciences/bynd-cannasoft-enterprises-inc and on SEDAR+: www.seda rplus.ca
Gabi Kabazo
Chief Financial Officer
Tel: (604) 833-6820
e?mail: ir@cannasoft-crm.com
Cautionary Note RegardingForward-Looking Statements
This press release includes certain statements that maybe deemed “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Actof 1933, as amended, and Section 21E of the U.S. Securities ExchangeAct of 1934, as amended. When used in this press release, the words“may”, “would”, “could”, “will”, “intend”,“plan”, “anticipate”, “believe”, “estimate”,“expect” and similar expressions are intended to identifyforward?looking statements. Those forward-looking statementsinclude, without limitation, statements regarding the Company'sexpectations for the growth of the Company's operations and revenue.Such statements are subject to certain risks and uncertainties, andactual circumstances, events or results may differ materially fromthose projected in such forward-looking statements.
Although the Company believes the expectationsexpressed in 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 in future periods to differ materiallyfrom any projections of future performance or results expressed orimplied by such forward-looking statements. Such statements reflectthe Company's current views with respect to future events and aresubject to such risks and uncertainties. Many factors could causeactual results to differ materially from the statements made,including future financial performance, unanticipated regulatoryrequests and delays, final patents approval, and those factorsdiscussed in filings made by the company with the Canadian securitiesregulatory authorities, including (without limitation) in thecompany's management's discussion and analysis for the year endedDecember 31, 2022 and annual information form dated March 31, 2023,which are available under the company's profile at www.sedar.com, andin the Company’s Annual Report on Form 20-F for the year then endedthat was filed with the U.S. Securities and Exchange Commission onApril 27, 2023. Should one or more of these factors occur, or shouldassumptions underlying the forward-looking statements prove incorrect,actual results may vary materially from those described herein asintended, planned, anticipated, or expected. We do not intend and donot assume any obligation to update these forward?lookingstatements, except as required by law. Any such forward-lookingstatements represent management's estimates as of the date of thispress release. While we may elect to update such forward-lookingstatements at some point in the future, we disclaim any obligation todo so, even if subsequent events cause our views to change.Shareholders are cautioned not to put undue reliance on suchforward?looking statements.
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