Eshbal Functional Food News
5 articles
growth-positive
Eshbal - Reports Results for the First Quarter of 2025
Eshbal Functional Food Inc., a Canadian public company, has reported positive financial results for its recently acquired Israeli subsidiary, Eshbal Israel. The acquisition was completed on April 14, 2025, and the company saw a 9% increase in revenue and a 21% increase in gross profit for Q1 2025. Eshbal is exploring further acquisitions in Israel to expand its product offerings, particularly in the plant-based health food segment, and is preparing to enter the North American market. The company is focused on both organic growth and strategic mergers and acquisitions to enhance its portfolio and market reach.
Acquisition
growth-positive
Cannibble Signs Definitive Agreement to Acquire Eshbal Functional Foods, an Israeli Gluten Free Food Tech Manufacturer with 2021 Sales of over CAD$14M
Cannibble Foodtech Ltd. has entered into a share purchase agreement with Eshbal Trading, Ltd. and L.D. Barel Ltd. to acquire all the outstanding membership interests of Eshbal. The purpose of the acquisition is to leverage Eshbals success in the Israeli retail market to expand sales and marketing of gluten-free baked products in the US market. The US gluten-free baked products market is expected to grow at a CAGR of over 10% to 2030. The transaction includes additional contingent consideration based on revenue and profitability milestones. Cannibble will also complete a concurrent financing to raise a minimum of C$4,500,000. Trading in Cannibble shares has been halted pending the review of the proposed transaction by the Canadian Securities Exchange.
Acquisition
growth-positive
Cannibble Announces LOI for Acquisition of Eshbal Functional Foods an Israeli Food Tech Manufacturer
Cannibble Foodtech Ltd. has entered into a partially binding letter of intent with Eshbal Functional Foods Cooperative Ltd. for the proposed acquisition of all the outstanding membership interests of Eshbal. The acquisition aims to expand Cannibbles business in the global health and wellness market. Eshbal is a private Israeli food manufacturer that develops and produces unique formulations of functional foods. The Proposed Acquisition is expected to be an all shares transaction, subject to Cannibble shareholder approval. If completed, Eshbal will become a wholly-owned subsidiary of Cannibble. The completion of the acquisition is subject to the negotiation and signing of a definitive agreement, due diligence, regulatory approvals, and other customary closing conditions.
Acquisition
growth-negative
Cooking: Go gluten-free
The article reports on a significant incident involving the Weizmann Institute, where Iranian missiles severely damaged its laboratories. This attack resulted in the destruction of irreplaceable samples, posing a substantial setback for the institute. The event is part of a broader context of escalating tensions between Israel and Iran, with various military actions and strategic plans being discussed. The damage to the Weizmann Institute highlights the vulnerability of scientific institutions in conflict zones and underscores the broader geopolitical challenges in the region.
growth-positive
https://www.jpost.com/Not-Just-News/Baking-as-usual-374476
Eshbal, a company that developed Karagil flour, a gluten-free flour, is experiencing growth-positive impact due to the global trend of removing gluten from diets. The flour is affordable and can replace regular flour in most recipes. The article provides recipes using Karagil flour and highlights its benefits. The company aims to cater to people with celiac disease and those who choose to avoid gluten for other reasons. The article does not mention any specific partners, customers, investment or acquisition details. The event described in the article is ongoing as the company continues to promote and sell Karagil flour. The confidence level of the answer is 8.
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