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Israeli Technology Company BYND Cannasoft Enterprises Inc. Announces Financial Results For The Year Ended December 31, 2023

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(via TheNewswire)

BYND Cannasoft Enterprises

Vancouver, British Columbia (April 2, 2024) – TheNewswire – BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN) (“BYND” or the “Company“), has released its financial results for year ended December 31, 2023. Full versions of BYND’s audited consolidated financial statements and management discussion and analysis for the period, can be found on www.sedarplus.ca

2023 Year-End Financial Highlights:

  • Revenue decreased 4% to $1,076,861 for the year ended December 31, 2023 from $1,123,072 for the same period in 2022.

  • Gross Profit decreased to 37% for the year ended December 31, 2023 from 55% for the same period in 2022.

  • Net loss increased 1,011% to $18,495,121 for the year ended December 31, 2023 from $1,664,684 for the same period in 2022.

  • Working capital decreased to 2,441,703 for December 31, 2023 from $2,987,975 for December 31,2022.

  • Total assets decreased to $36,801,368 for December 31, 2023 from $49,903,208 for December 31,2022.

  • Total shares outstanding as of December 31, 2023 were 42,553,166 (223,964 post reverse split).

Summary of Quarterly Comparison of Revenue, Gross Profit and Net Loss

Q4 2023

Q3 2023

Q2 2023

Q1 2023

Q4 2022

Q3 2022

Q2 2022

Revenue

205,121

202,058

251,047

$420,635

$232,186

$227,954

$207,653

Gross Profit (Loss)

(56,711)

72,085

66,239

$316,943

$96,938

$126,866

$37,657

Net Loss

(15,167,579)*

(1,439,785)

(1,147,324)

$(740,433)

$(700,222)

$(325,793)

$(473,386)

*Includes impairments of intangible assets and asset under construction in the amount of $13,142,481.

Mr. Yftah Ben Yaackov, BYND’s CEO noted that “Despite the fact that the company went through a difficult year, starting with changes in the core areas of its activities in Israel and ending with the difficult war in Gaza, we were able to raise significant funds that will allow us to further develop the strategic change we are working on, the goal of which is penetration into the global FemTech market through the EZ-G device that will be launched this year to the public and through other devices in the field of wellness based on our technology-based patent pending smart delivery system. We believe that we have the knowledge and technology required to bring to the market high-quality products that will make a significant difference.”

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 potentially 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. Commercialization of the EZ-G device is subject to receipt of regulatory approvals.

For further information please refer to information available on the Company’s website: www.cannasoft-crm.com, and on SEDAR+: www.sedarplus.ca.

Gabi Kabazo

Chief Financial Officer

Tel: (604) 833-6820

e?mail: [email protected]

Cautionary Note Regarding Forward-Looking Statements

This press release includes certain statements that may be deemed “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended and under Canadian securities laws. When used in this press release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward?looking statements. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements.

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 future financial performance, unanticipated regulatory requests and delays, final patents approval, 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, 2023 and annual information form dated April 2, 2024, which are available under the company’s profile at www.sedarplus.ca, 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 2, 2024. 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.

Copyright (c) 2024 TheNewswire – All rights reserved.

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Press Release

Ozel Ders Alani Redefines Learning with Flexible Options and Expert Tutors Across Diverse Subjects

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Istanbul, Esenler, Turkey, 16th Apr 2024 – Ozel Ders Alani, a comprehensive educational ecosystem, has empowered learners to take charge of their education. Users can choose the course that aligns with their learning goals, preferences, and schedule. Detailed tutor profiles, including qualifications, experience, and student reviews, help that the user’s educational journey is aligned with their aspirations and needs.

metin, ekran görüntüsü, tasarım içeren bir resim

Açıklama otomatik olarak oluşturuldu

The platform accommodates learner lifestyles, offering both face-to-face and online learning options. Ozel Ders Alani offers the flexibility to learn at the user’s own pace, on their terms. Advanced filtering options enable learners to find tutors who are not just subject matter experts but also fit their specific time slots and learning styles.

From the sciences to the humanities, technology to the arts, learners of all ages and levels can find the educator to guide them through their academic or personal learning journeys. The platform’s inclusive approach bolsters that whether the user is a student seeking assistance in physics, a professional exploring new areas in computer science, or an enthusiast eager to delve into the world of music, Ozel Ders Alani has something for everyone. Among the most preferred online courses, ingilizce kursu and almanca kursu have recently been at the top of the list.

gereç, ekran görüntüsü, tasarım içeren bir resim

Açıklama otomatik olarak oluşturuldu

Ozel Ders Alani prepares to launch this exciting new digital platform where learners and educators alike can anticipate a more dynamic and interactive educational experience. This development is a testament to Ozel Ders Alani’s commitment to innovation in education, bolstering that learners of all ages and backgrounds have access to quality learning resources that are engaging, effective, and tailored to their needs.

metin, ekran görüntüsü, makine, otomat (meşrubat, oyun vs.) içeren bir resim

Açıklama otomatik olarak oluşturuldu

The platform will introduce a series of interactive tests and assessments, to complement the learning experience. These tools are designed to provide learners with valuable feedback on their progress, helping them identify strengths and areas for improvement. These assessments will be integral to the learning process, enabling students to gauge their understanding and apply what they’ve learned in a practical context.

For more information about Ozel Ders Alani and to delve into the courses that the platform offers, please visit their website.

 

About Ozel Ders Alani:

Ozel Ders Alani is a platform that transcends traditional boundaries, offering tailor-made lessons across a vast spectrum of subjects. Whether the user is delving into languages, mathematics, science, or any other field, Ozel Ders Alani provides a learning experience that is as diverse as the academic needs of its users.

Media Contact

Organization: Ozel Ders Alani

Contact Person: Yasin Gokduman

Website: https://www.ozeldersalani.com

Email: [email protected]

Contact Number: +905075262982

Address: Ciftehavuzlar Mahallesi Eski Londra Asfalti Caddesi A1 Blok 1B29 Esenler / ISTANBUL YTU

Address 2: Teknoloji Gelistirme Bolgesi Davutpasa Yerleskesi

City: Istanbul

State: Esenler

Country: Turkey

Release Id: 16042411073

The post Ozel Ders Alani Redefines Learning with Flexible Options and Expert Tutors Across Diverse Subjects appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

“The Running Game” by Russell P Ayers is an Absorbing Story of Childhood Adventures and Intrigue in Chicago

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“The Running Game” by Russell P Ayers is a fascinating book that details childhood games and the thrill of adventure set within the breeze of Chicago in 1964. This story follows the protagonist, Basil, as he steers through the exhilarating and risky game known as the running game, showcasing his exceptional skills in hiding and evading capture.

Basil and his friends engage in the running game in the heart of Logan Square, a daring activity that demands more than hiding and seeking. The rules are simple yet exhilarating – a group of kids hide within a designated area while a select few become the Hunters. Basil’s ability in the game is evident as he masterfully conceals himself in various unconventional spots, from gangways to suspended pipes, evading capture with daring escapes that keep readers on the edge of their seats.

Basil’s adventures take a darker turn as the story progresses when he involves a girl named Kathy in the game. Their journey leads them to encounter the enigmatic and ominous character, Mr. Deboskey, who adds an element of danger and suspense to their escapades. The story unfolds with tension and intrigue as Basil and Kathy face unexpected challenges and close calls, culminating in a dramatic climax that keeps readers engrossed until the end.

 “The Running Game” not only explores the thrill of childhood games but also digs into themes of friendship, courage, and the allure of secrecy. Through Basil’s experiences, readers are teleported into a world where innocence meets danger, and the bonds of friendship are tested in the face of unforeseen circumstances.

About the Author

Russell P Ayers, the penman behind “The Running Game,” brings to life a vivid and immersive story that encapsulates the essence of childhood adventures and the nostalgia of a bygone era. With a keen eye for detail and a talent for storytelling, Ayers has penned a story that resonates with readers of all ages, transporting them to a time filled with excitement, mystery, and the thrill of the unknown.

For a riveting read that blends nostalgia with suspense, “The Running Game” by Russell P Ayers is a must-have addition to any bookshelf. Book your copy now for this enthralling tale of childhood escapades and discover a world where secrets, danger, and courage collide to create an unforgettable story.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

Emerging Voices – A new exhibition featuring local Atlanta artists

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Exhibition Emerging Voices

Atlanta, Georgia Apr 18, 2024 (Issuewire.com) – RevArt Gallery proudly presents Emerging Voices, a duo exhibition featuring selected works by Emmy Marshall and Lindsay Rempel, two local Atlanta artists.

This dynamic exhibition is a celebration of Atlanta’s diverse artistry, showcasing the vibrant talents of local minority and female artists. Featuring the captivating works of Lindsay Rempel and Emmy Marshall, “Emerging Voices” invites viewers on an inspiring journey into the rich tapestry of creativity thriving in our community.

Lindsay Rempel‘s “Nature’s Palette” collection is a testament to her passion for capturing the beauty of the natural world. With a focus on large-scale paintings and a love for Impressionism, Lindsay’s artworks reveal a harmonious blend of colors and emotions. Lindsay said, “Inspired by Atlanta’s rich cultural diversity and lush gardens, my work seeks to evoke a sense of serenity and awe, inviting viewers to pause and appreciate the timeless elegance of nature amidst the hustle and bustle of urban life.”

Emmy Marshall‘s “Peaceful Perspectives” collection invites introspection and mindfulness through abstract art. As an Atlanta native, Emmy’s artwork reflects his deep connection to the community and his mission to inspire and build connections through art.

Emmy Marshall shares, “My new collection ‘Peaceful Perspectives: An Abstract Point of View’ is a reflection of my journey to encourage mindfulness in choosing perspectives about ourselves, others, and the circumstances we encounter.”

Visitors to the exhibition can also look forward to an artist talk, providing insights into the creative processes and inspirations behind the featured artworks. Admission to the exhibition is free, with RSVP required to [email protected].

Join us for an inspiring celebration of diversity, creativity, and the transformative power of art at “Emerging Voices: Selected works by local artists.” Learn more here: https://lu.ma/u84b63ls

Around the pass by Lindsay RempelTurntables by Emmy Marshall

Media Contact

Revart, LLC

[email protected]

4342271333

2858 Barkley Ave

https://revart.co

Source :Revart, LLC

This article was originally published by IssueWire. Read the original article here.


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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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