Sign In  |  Register  |  About Sunnyvale  |  Contact Us

Sunnyvale, CA
September 01, 2020 10:10am
7-Day Forecast | Traffic
  • Search Hotels in Sunnyvale

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

BYND Cannasoft Scores Milestone To Expedite Monetizing Its Innovative EZ-G Wellness Device ($BCAN)

BYND Cannasoft Scores Milestone To Expedite Monetizing Its Innovative EZ-G Wellness Device ($BCAN)

BYND Cannasoft Enterprise (NASDAQ: BCAN) (CSE: BYND) stock may be trading lower, but don't be misled by the weakness. The microcaps have been getting badly bruised as interest rate hikes and inflation fears continue to weigh on emerging company stocks. That makes sense. But that doesn't mean that markets don't overshoot their targets, taking too much value from companies that have full pipelines of potential. That may be the case for BCAN, especially as this company continues to make inroads to monetizing key assets in a personal wellness sector often referred to as recession-proof.

Working to prove that thesis, BYND recently announced that after a year of intensive development of its EZ-G Device, monetization could be imminent. That has been the expectation since August, when BCAN shared updates relating to the production timeline and the printing of its EZ-G Device prototype. From then until its update last week, they have come a long way in transforming a milestone into a potential catalyst.

Considering its capabilities, capitalizing on that change appears to be a near-term proposition, perhaps better described as a value driver heading into the last quarter of 2023. According to BCAN, the sensual wellness product prototype is the first in its category by combining technical hardware elements such as peristaltic pumps, a heart rate sensor, a pressure sensor, and an EC sensor that work together to learn about the user's body. It does more. It has embedded within it a patent-pending system regulating the flow of low-concentration CBD oils from capsules through the device to the desired area of the user's body. That release isn't a pre-programmed response.

Utilizing AI-empowered Integrations

Instead, the device combines AI algorithms and machine learning processes from its sensors to collect user needs and preferences data to create a personalized experience. That data collected can be uploaded to the cloud, storing user preferences for future use, a differentiation that BCAN expects will allow the product to stand out in the women's wellness products community. BCAN management certainly thinks its EZ-G has that potential.

Yftah Ben Yaackov, CEO and Director of BYND Cannasoft, said in a company update on September 21st, "We are very proud of the fact that after a full year of our continuous efforts we are at the point where our idea has become a real prototype," He added, "This milestone is very important to us, and we hope to stay on track to the market launch in the second quarter of 2024. We believe that our device is unique and designed with the modern woman in mind to equip them with a cutting-edge device that offers a truly unique and personalized experience. We hope that its introduction to the women's health market will bring real positive change to the industry." He continued, "As we continue into the last few months of the year and collaborate with esteemed partners and institutions, we remain dedicated to our mission and are excited to share more progress announcements very soon."

In other words, BYND's hard work may be about to pay off. And at $0.65 on Friday, lower along with declines in the Russell Smallcap Index, the weakness may expose an opportunity. Investors should keep in mind when appraising BYND that it's more than a single-product company. This Israeli-based integrated software and CBD company also 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, including sales management, personnel management, marketing, call center activities, and asset management. And they are not newbies to the sector.

Leveraging Decades Of Experience In CRM

BCAN is leveraging over two decades of experience in CRM software, enabling them to expedite the development of an innovative new CRM platform to serve the needs of the medical CBD industry by making it more organized, accessible, and price-transparent.

Thus, at current prices, investors may get plenty more than what the share price represents. In fact, in the big picture, BYND is better positioned today than ever to exploit a niche market opportunity in the personal wellness products market. That's a multi-billion dollar market. But, more importantly, from an investor's perspective, they are doing so with AI-empowered technology, which in today's market is earning higher multiples. Combining those factors, the more appropriate method of appraising the BCAN value proposition is by factoring the sum of its parts. Doing so and accounting for recent milestones could be totaling to expose a valuation disconnect worthy of a growth stock investor's attention.

The bullish sentiment is warranted, noting BCAN's focus is on targeting niche market opportunities where others aren't. Better still, they are leveraging powerful proprietary AI-empowered technology, positioning them well to capitalize on revenue-generating potential from an expected $62.2 billion sensual wellness product sales opportunity by 2030. The opportunity could be more significant.

By maximizing value from its IP, BCAN could further monetize its portfolio to earn a larger slice of an AI-empowered sensual wellness market expected to surge globally to $1.5 trillion by 2030. That's a mission in progress. And it's one where, if BCAN can execute effectively, it could penetrate a wellness device market opportunity faster than expected, potentially becoming included in the massive percentage gains scored by other companies advancing proprietary AI-enhanced products and solutions, including Advanced Micro Devices (NASDAQ: AMD), NVIDIA (NASDAQ: NVDA), and Palantir (NASDAQ: PLTR). Clearly, those companies target different market opportunities. But the common thread driving their valuations higher is their advancing AI-empowered technology. BCAN believes it can leverage its IP portfolio and products to score similar gains.

The case for doing so is getting stronger, especially after factoring in the value inherent to BCAN's recently filed Patent Cooperation Treaty (PCT) application for their EZ-G, its game-changing device utilizing AI and sensors to provide a more satisfying user experience. A positive update on that application could unleash significant upside potential, noting it could be a first-to-market product in an emerging category. Remember, early movers are generally the best rewarded for supporting higher valuations. Modeling for higher BCAN prices would be no exception, especially with the AI-powered adult products market already presenting multi-billion dollar revenue potential and, as significantly, BCAN positioning itself as a leading sector player with IP-protected competitive advantages over later entrants.

Leveraging Milestones Reached In 2023

Combined, BCAN's sum of its parts supports a higher valuation. In fact, to appraise BCAN properly, investors need to factor in intrinsic and inherent value drivers that continue to strengthen. Moreover, BCAN is in a hot market and, significantly, is seizing its opportunities through product innovation and IP strength. Furthermore, the company has strengthened its balance sheet with a recent capital raise, an amount BCAN expects can usher its innovative products to market sooner rather than later.

If so, and the company has a record of delivering on its forecasts, BCAN could be a solid contributor to a growth stock portfolio. Considering they are targeting an over $9 billion direct product market opportunity with products whose differences are advantages, that bullish presumption is more than warranted; it's justified. Thus, in a stock market full of valuation disconnects, in this case, BCAN shares may present one too wide to ignore, making the potentially best course of action not to.

 

 

Disclaimers: Shore Thing Media, LLC. (STM) is responsible for the production and distribution of this content. STM is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by STM is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall STM be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by STM, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. STM strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, STM, its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. Shore Thing Media Group, LLC., through its digital website property, Primetime Profiles, has been compensated up to two-thousand-dollars cash via wire transfer to produce and syndicate content for BYND Cannosoft, Inc. for a period of one day ending on 9/25/23. Please read the full disclaimer at https://primetimeprofiles.com/disclaimer/ for important information about this content.

As part of all content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found on our website. Contributors reserve the right, but are not obligated to, submit articles for fact-checking prior to publication. Contributors are under no obligation to accept revisions when not factually supported. Furthermore, because contributors are compensated, readers and viewers of this content should always assume that content provided shows only the positive side of companies, and rarely, if ever, highlights the risks associated with investment. Thus, readers and viewers should accept the content as an advertorial that highlights only the best features of a company. Never take opinion, articles presented, or content provided as a sole reason to invest in any featured company. Investors must always perform their own due diligence prior to investing in any publicly traded company and understand the risks involved, including losing their entire investment. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled

Media Contact
Company Name: STM, LLC.
Contact Person: Michael Thomas
Email: contact@primetimeprofiles.com
Country: United States
Website: https://primetimeprofiles.com/


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Sunnyvale.com & California Media Partners, LLC. All rights reserved.