- BYND Cannasoft Enterprises (BYND) files a patent application for its EZ-G device to include an innovative double-faceted condom design
- The design helps treat various intimacy-related issues by enhancing pleasure and comfort
- Post-COVID-19, the condom market is expected to increase by more than USD 4 billion from 2021 to 2026
- BYND Cannasoft Enterprises (BYND) is an Israeli-based integrated software and cannabis company
- BYND Cannasoft Enterprises (BYND) is trading at C$4.14 at 2:45 pm ET
BYND Cannasoft Enterprises (BYND) files a patent application for its EZ-G device to include an innovative double-faceted condom design.
The double-faceted condom is designed to help treat various problems related to intimate relationships while making the experience more ‘pleasurable’ for all participants.
The product was designed to enhance pleasure and comfort while increasing the use of protection during intercourse and lowering the number of venereal diseases.
According to the patent application, the condom will have a double pocket containing a lubricant that is released evenly when used. The advantage of this is the possibility of diluting the lubricants with natural oils, such as CBD, at low concentrations. The oil will be evenly dispersed, which is designed to alleviate discomfort during intimacy.
Post-COVID-19, the condom market is expected to increase by more than US$4 billion from 2021 to 2026, while the market’s growth momentum is expected to accelerate at a CAGR of 9.31 per cent. Demand for condoms is increasing from both male and female consumers, and rising competition in the market has led vendors to focus actively on improving their R&D operations. Condom manufacturers also focus on differentiating themselves from their competitors by offering a variety of different condom styles.
Yftah Ben Yaackov, CEO and Director of BYND Cannasoft, says:
“The filing of our patent application for the EZ-G device to include a double-faceted condom design could create additional value for BYND Cannasoft. Should we be successful with the examination of our patent application, the global condom market is fragmented but growing significantly. Many of the leading vendors are opting for the acquisition of small and medium-sized vendors to increase their revenue share in the market. We will keep our shareholders updated on this new development.”
BYND is an Israeli-based integrated software and cannabis company. The company owns and markets a proprietary customer relationship management (CRM) software product known as Benefit CRM. BYND’s Benefit CRM software enables 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. BYND uses the CRM platform, designed specifically to serve the needs of the medical cannabis industry, to operate the Cannabis Farm.
BYND holds initial approval from the Medical Cannabis Unit in the Ministry of Health of the State of Israel for a contactless business license that allows trading in medical cannabis products without contact with the actual substance.
BYND Cannasoft Enterprises (BYND) is an Israeli-based integrated software and cannabis company.
BYND Cannasoft Enterprises (BYND) is trading at C$4.14 at 2:45 pm ET.