Based in Israel, BYND Cannasoft Enterprises Inc. has a long background in marketing its proprietary CRM software, known as Benefit CRM to hundreds of clients with a monthly recurring revenue model.
The company is aiming to help cannabis growers manage their day-to-day business activities and is developing big data software for cannabis.
In 2022, BYND Cannasoft launched a beta test for managing farms with the CRM platform at Israel’s Weizmann Institute of Science. The Weizmann Institute of Science is one of the world’s leading multidisciplinary basic research institutions in the natural and exact sciences. It is located in Rehovot, Israel, south of Tel Aviv.
The company has also received a license to engage in medical cannabis without direct contact with the substance from the Medical Cannabis Unit at the Ministry of Health of the State of Israel. This license allows trading in medical cannabis products through an agreement with a licensed cannabis grower in the country.
The medical cannabis products market in Israel currently has about 150,000 users with an annual sales volume of about half a billion dollars. The company intends to capture hundreds of millions in market share!
BYND Cannasoft Enterprises Inc. could be entering a phase of unprecedented growth as the CRM platform answers the needs of the medical cannabis industry.
The rapid rise of artificial intelligence (AI) is reshaping the world. From Google and Amazon to Apple and Microsoft, every major tech company is dedicating resources to breakthroughs in this growing technology.
A surge in Wall Street's interest in AI has intensified in recent years with the technology being mentioned on many earnings calls.
AI is disrupting many industries, including health and wellness, where there is a growing need for specialized tools and solutions. Answering this demand is BYND Cannasoft Enterprises Inc.
As the AI boom intensifies, BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN) is bridging the marvels of AI technology with the growing women’s
A Pivotal Acquisition….
In September of 2022, BYND Cannasoft completed its acquisition of Israeli-based Zigi Carmel Initiatives & Investments Ltd.
Through the acquisition, BYND Cannasoft now owns the patent-pending intellectual property for the EZ-G device and has been planning its launch for the wellness market.
The EZ-G device is a therapeutic device that 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.
Designed with the modern woman in mind, the EZ-G Device is equipped with cutting-edge technology that offers a truly unique and personalized experience.
Based on much research, CBD oil can potentially provide relief to certain issues in the female reproductive system. The EZ-G device incorporates technological advancements as a pleasure product, providing a more realistic experience. Equipped with sensors such as a pressure sensor, temperature sensor, conductivity sensor, and heart rate sensor, the EZ-G device prototype aims to identify specific factors that enhance users' pleasure.
Sense: The device features a heart rate sensor, pressure sensor, and EC sensor that work together to learn about your body and your preferences. With this information, the company’s ML - AI algorithm creates a tailored experience that will leave you feeling satisfied every time.
Abilities: In addition, the device has a training program for the pelvic floor muscles, which can help improve bladder control and enhance pleasure. It also includes treatments for pain and discomfort, which can be a common issue for many women.
Lubrication PH balanced capsules: To make the experience even more enjoyable, the company has added lube base CBD capsules ( CBD use will be contingent upon obtaining necessary legal approvals and complying with relevant regulations.), or natural ingredient lube water PH balance, to reduce friction and increase pleasure.
According to research conducted across the globe, treatment with low-concentration CBD oils can relieve candida, dryness, scars, and many other female health issues. Numerous studies have shown CBD interacts with the endocannabinoid system, a master regulatory system with receptors all around the body.
By activating these receptors, CBD can have health benefits that help make intimacy more approachable and pleasurable by reducing stress, enhancing one’s mood, promoting body comfort, and treating vaginal issues.
With artificial intelligence (AI), the device transmits and receives data from these sensors, capturing information about the conditions of the user's sensitive pleasure organs.
The EZ-G prototype is designed with a Bluetooth component, enabling users to control the adult device via an app installed on a smartphone or other portable device.
This app allows for the collection of user information on preferences, generating custom programs tailored to individual needs. The data collected from the sensors is securely uploaded to the cloud, where it is combined with preferences from other users. Factors such as the actual duration of operation of the adult device, lubrication level, and ideal vibration intensity are analyzed to optimize the device's performance and enhance satisfaction.
Wellness and healthcare are male-focused spaces but that doesn't do much to serve the female half of the population. Medicine and wellness have for very long been a male-dominated science and profession. This has led to women's health issues being somewhat neglected.
In addition, women's bodies are somewhat more complex than men's, with different hormonal patterns, organs, etc. What works for men might not always work for women!
Women have become an absolute main driver of wellness. With rising awareness of the importance of health and improvement, the female wellness sector has been growing rapidly and the landscape is changing.
Taboos are being destigmatized. More female consumers understand that they don't have to be kept in a "tiny box." Previously stigmatized topics in women's health are going mainstream which is fueling the growth of the market. The boundaries of conversation are being pushed in various platforms and advertising with no signs of slowing down.
There is no one-size-fits-all solution. Wellness can be for all women, but it is also unique. Consumers of different ages, backgrounds, and body types are looking for product offerings that work for them. This is increasing the need for innovative solutions. Millennial females are growing into midlife and represent a massive market. They want better products and more open conversation.
Data from global market research consultancy Acumen Research and Consulting showed that the women's global healthcare and wellness management market reached $25.3 billion in 2021, with the sector expected to grow to $97.3 billion by 2030. This means the compound annual growth rate (CAGR) between 2022 and 2030 is expected to be over 16 percent!
The sector has also come to the attention of bigger corporations where acquisitions or licensing deals look promising.
"Our journey at BYND Cannasoft is shaping up to be nothing short of remarkable. We are driven by a passion for innovation and a commitment to positively impacting the women's health and medical cannabis space. Our latest achievements, from securing key patents to completing the initial testing on our groundbreaking EZ-G device, have only strengthened our resolve to continue pushing the boundaries of what is possible in this industry."
The technology behind BYND Cannasoft’s EZ-G device showcases the company’s commitment to shaping the future of machine learning. The product could have a potential impact on women's health worldwide.
BYND Cannasoft has spent nearly two decades establishing its successful CRM business and is now prepared to bring its new division into the spotlight.
The company knows the demand there is for CBD and is recognizing a niche market that is underpenetrated and needs solutions. The female wellness landscape has transitioned into a mainstream topic where the EZ-G device could capture a massive market share.
A product launch aimed at Q2 2024 could mean major buzz for the company well before then as anticipation grows!
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