Israeli technology company bynd cannasoft closes acquisition of zigi carmel investments ltd. valued at us $28 million

Vancouver, british columbia, sept. 23, 2022 (globe newswire) -- bynd cannasoft enterprises inc. (nasdaq: bcan) (cse: bynd) (“bynd” or the “company”) announced today that, further to its news release of september 19, 2022, it has completed the purchase of all of the issued and outstanding shares of zigi carmel initiatives & investments ltd. (“zc”) from carmel zigdon. under the terms of the share purchase agreement, the company issued 7,920,000 common shares to the vendor. these shares are subject to a hold period and may not be traded in canada before january 23, 2023.
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