Israeli Canna-Tech Co. Teams Up With Another CPG Business, Here Are The Details

BYND Cannasoft Enterprises Inc. BCAN BYND announced on Thursday that it has signed a deal for the provision of software services with an Israeli air conditioning company.

The Details

Under the terms of the agreement, the company will provide Benefit CRM Cloud-Based Software as a Service (SaaS) in special modules that include mobile applications and APIs.

Family - Line Air Conditioner Company sells hundreds of thousands of air conditioners and is one of the largest companies in the production, marketing, and installation of air conditioners in Israel.

BYND Cannasoft will design and manufacture modules dedicated to this sector to realize the strategy, penetrate additional companies, and deepen services in consumer goods companies.

Why It Matters?

BYND Cannasoft’s Benefit CRM enables small and medium-sized enterprises to optimize day-to-day functions, such as sales management, workforce management, contact center operations, and asset management.

“This agreement demonstrates the mutual commitment of BYND Cannasoft and Family-Line Air Conditioners to serving the needs of customers, as well as optimizing day-to-day functions,” Yftah Ben Yaackov, CEO and director of BYND, said.

Price Action

BYND’s shares traded 10.86% lower at $3.2001 per share at the time of writing on Thursday morning.

Related News

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• BYND Cannasoft Partners With Matrix Medika To Research Regulatory Process For CBD-Based Therapeutic Device
• BYND Cannasoft One Step Closer To Obtaining Full License For Medical Cannabis Without Direct Contact In Israel

Photo: Courtesy of Sora Shimazaki by Pexels