Israeli Cannabis Leader Announces Suspension Of Medical Facility, Plans To Move Into Femtech
Cannasoft Enterprises (NASDAQ: BCAN) announced on Tuesday the halt of their medical cannabis growing facility’s construction to pivot towards the Femtech sector.
Cannasoft, an Israeli cannabis company, carried out successful fundraising last month but has now decided to redirect the funds to its new business strategy: female tech wellness. Attempts to redirect its business plans are driven by the negative shifts in the global medical cannabis market. Also, the ongoing war involving Israel, and the …