Streetbeat News

BCAN

BYND Cannasoft Enterprises Inc.

Industry

Software - Infrastructure

BYND Cannasoft Enterprises Inc. develops, markets, and sells customer relationship management (CRM) software products. It owns and markets Benefit CRM, a customer relationship management software product that enables small and medium-sized enterprises to optimize day-to-day functions, such as sales management, workforce management, contact center operations, and asset management; and New Cannabis CRM platform for the medical cannabis industry, as well as manages the construction, licensing, and operation of a cannabis farm and indoor cannabis growing facility. The company is based in Vancouver, Canada.

Open

8.05

Mkt cap

5.2M

Volume

391

High

8.05

P/E Ratio

-0.01

52-wk high

3682.20

Low

8.05

Div yield

N/A

52-wk low

7.80

Cannasoft Enterprises (NASDAQ:BCAN) has announced the suspension of their medical cannabis facility construction to pivot towards the Femtech sector, citing negative shifts in the global medical cannabis market and security concerns due to its proximity to the Gaza border. The company, known for its CRM software for the cannabis industry, plans to expand into the rapidly growing Femtech sector, leveraging its experience in software and manufacturing, including the development of the EZ-G Device, a CBD Oil sex toy.

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March 22, 2024 | 6:39 pm

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March 22, 2024 | 1:45 pm

Trading for BCAN was halted and then resumed at 8:55 AM ET, with updates on quotation resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 12:55 pm

Trading for BCAN was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

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March 20, 2024 | 12:20 pm

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