The $7 Billion CBD Market in 2023 is Focused on Significant Growth in Personal Care

News Direct04-05

Vancouver, British Columbia --News Direct-- BYND Cannasoft Enterprises ASHKELON, Israel and VANCOUVER, British Columbia – TheNewswire – (April 05, 2024) - BYND Cannasoft Enterprises Inc. (Nasdaq: ...

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(Nasdaq: ...</p>\n\n<a href=\"https://finance.yahoo.com/news/7-billion-cbd-market-2023-130043765.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/7-billion-cbd-market-2023-130043765.html","article_id":"2425568599","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2425568599","pubTimestamp":1712322043,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Vancouver, British Columbia --News Direct-- BYND Cannasoft Enterprises. ASHKELON, Israel and VANCOUVER, British Columbia – TheNewswire –  - BYND Cannasoft Enterprises Inc.   to utilize the \"Razor-and-Blade\" model* for its EZ-G device.The business model built for the EZ-G device is based on the purchase of the device and the repurchase of various types of oil capsules. In this way, the Company intends to maximize revenue while turning its customers into repeat purchasers of the variety of oils that the Company will offer.The Company is in advanced stages of product characterization of the first series of oil capsules, some of which will be based on CBD. This is done in partnership with Foria, a U.S based manufacturer of high-quality female wellness CBD oils.The CBD market is expected to grow to $36 billion within a decade* due to a sharp increase in demand of oils for personal care, with the oil's properties evident in various fields.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4550":"红杉资本持仓","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","ACB":"奥罗拉大麻公司","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4548":"巴美列捷福持仓","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","CBD":"Companhia Brasileira de Distribu","BK4538":"云计算","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","BCAN":"BYND Cannasoft Enterprises Inc","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4532":"文艺复兴科技持仓","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4567":"ESG概念","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","BK4007":"制药","BK4113":"食品零售","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","BYND":"Beyond Meat, Inc.","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4557":"大麻股","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4535":"淡马锡持仓","CRM":"赛富时","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD"},"translate_title":"2023年70亿美元的CBD市场专注于个人护理的显著增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRM":1,"ACB":1,"CBD":1,"BCAN":0.9,"BYND":0.64},"content_text":"Vancouver, British Columbia --News Direct-- BYND Cannasoft Enterprises\n  \n\nASHKELON, Israel and VANCOUVER, British Columbia – TheNewswire – (April 05, 2024) - BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN) (“BYND Cannasoft” or the “Company”) to utilize the \"Razor-and-Blade\" model* for its EZ-G device.\n* https://www.fool.com/investing/2017/01/13/razor-and-blade-model-what-is-it-what-companies-ha.aspx\nDisposable Capsules\nThe business model built for the EZ-G device is based on the purchase of the device and the repurchase of various types of oil capsules.  In this way, the Company intends to maximize revenue while turning its customers into repeat purchasers of the variety of oils that the Company will offer.\nThe Company is in advanced stages of product characterization of the first series of oil capsules, some of which will be based on CBD. This is done in partnership with Foria®, a U.S based manufacturer of high-quality female wellness CBD oils.\nGrowth in use of CBD for personal care\nThe CBD market is expected to grow to $36 billion within a decade* due to a sharp increase in demand of oils for personal care, with the oil's properties evident in various fields.\nThe Company seeks to harness the virtues of CBD combined with the rising demand for personal care and, through the EZ-G device, to integrate the oils into the user experience.\nThe Company works together with Foria to produce a series of oils that will be specially adapted for women for both pleasure as well as therapy and are expected to create a \"long-term contract\" between the users and the Company for the regular repurchase of the oil's capsules.\nInitially, the Company will use two types of oils without CBD and two types based on CBD, which can be purchased in capsules together or separately with the EZ-G device immediately after it is released to the market.    \n* https://finance.yahoo.com/news/cannabidiol-market-soars-usd-36-075200774.html \nCBD Skin Care Market\nThe CBD skin care market is growing sharply year over year and by 2023 has reached $3 billion with estimates to reach $32 billion within a decade*.\nThe Company plans to penetrate this field through new concept devices that have entered development and that through CBD oil capsules can provide facial and scalp care benefits.\nSmart cosmetic face device, utilizing smart release technology alongside interchangeable CBD serum capsules. This innovation allows users to seamlessly transition between treatments, catering to a variety of skin needs. \nIn the hair wellness arena, the Company's proprietary technology has given rise to an innovative hair growth brush, designed to optimize hair treatment. By combining LED light therapy, gentle vibrations, and essential CBD capsules, this brush aims to foster an ideal environment for hair growth, ensuring comprehensive care for every hair follicle. \n*https://www.futuremarketinsights.com/reports/cbd-skin-care-market\nAbout BYND Cannasoft Enterprises Inc.\nBYND Cannasoft Enterprises is an Israeli-based integrated software 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. \n 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.\nThe devices described in this news release are concept devices that are in the first stage of development and will be subject to testing, experiments and regulatory approvals and therefore there is no certainty that they will eventually be marketed.\nFor further information please refer to information available on the Company’s website: www.cannasoft-crm.com, and on SEDAR+: www.sedarplus.ca.\nGabi Kabazo\nChief Financial Officer\nTel: (604) 833-6820\ne‐mail: ir@cannasoft-crm.com \nCautionary Note Regarding Forward-Looking Statements\nThis 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.\nAlthough 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 3, 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.\nView source version on newsdirect.com: https://newsdirect.com/news/the-7-billion-cbd-market-in-2023-is-focused-on-significant-growth-in-personal-care-162108146","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2425568599"}