Bynd cannasoft closes us$2.6 million underwritten public offering

Ashkelon, israel and vancouver, british columbia, july 19, 2023 (globe newswire) -- bynd cannasoft enterprises inc. (nasdaq: bcan) (cse: bynd) (“bynd cannasoft” or the “company”) today announced the closing of a firm commitment underwritten public offering with gross proceeds to the company of approximately us$2.6 million, before deducting underwriting discounts and other estimated expenses payable by the company. the base offering consisted of 1,733,334 common shares at a price to the public of us$1.50 per share. the company intends to use the net proceeds from this offering primarily for product design and manufacturing, sales and marketing campaigns, patent prosecution and working capital.
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