REPEAT — BYND Cannasoft Enterprises Inc. Signs Agreement for the Acquisition of Israeli-Based Zigi Carmel Initiatives & Investments Ltd. In a Share Swap Agreement Valued at US $28 Million

https://www.globenewswire.com/news-release/2022/09/19/2518086/0/en/REPEAT-BYND-Cannasoft-Enterprises-Inc-Signs-Agreement-for-the-Acquisition-of-Israeli-Based-Zigi-Carmel-Initiatives-Investments-Ltd-In-a-Share-Swap-Agreement-Valued-at-US-28-Million.html

VANCOUVER, British Columbia, Sept. 19, 2022 (GLOBE NEWSWIRE) -- BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) (CSE: BYND) (“BYND” or the “Company”) announced today that it has signed a share purchase agreement to acquire 100% ownership of Zigi Carmel Initiatives & Investments Ltd. (“ZC”) which holds the patent pending intellectual property for a therapeutic device (the “EZ-G device”) that uses low concentrations of CBD oils, such as hemp seed oil and other natural oils, to treat certain women's health issues. Under the terms of the share purchase agreement, the Company will issue to ZC’s owner 7,920,000 common shares at a deemed price per share of $4.735 (subject to closing the transaction by October 10, 2022) and pay US $100,000 to cover his legal expenses. The closing of the transaction is subject to certain customary conditions. BYND expects the transaction to close this month.

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