Bynd Cannasoft stock falls amid EZ-G device patent filing for double faceted condom - Seeking Alpha

1 year ago 32

Bynd Cannasoft Enterprises (NASDAQ:BCAN) banal fell ~18% connected Thursday amid the institution saying that it filed a patent exertion for its EZ-G instrumentality to see a double-faceted condom design.
The institution said it plans to plan its double-faceted condom to heighten pleasance and comfortableness portion expanding the usage of extortion during enactment and lowering the fig of sexually transmitted infections.
According to the patent application, the condom volition person a treble pouch that volition incorporate a lubricant that is released evenly erstwhile used, the institution added.
Bynd noted that the vantage of this condom is the anticipation of diluting the lubricants with earthy oils, specified arsenic CBD, astatine debased concentrations.
"Should we beryllium palmy with the introspection of our patent application, the planetary condom marketplace is fragmented, but increasing significantly. Many of the starring vendors are opting for the acquisition of tiny and medium-sized vendors to summation their gross stock successful the market. We volition support our shareholders updated connected this caller development," said Bynd CEO and Director Yftah Ben Yaackov.