Eshbal Functional Foods
Functional food innovation with 300+ products since 1940
Eshbal Functional Foods (TSXV: ESBL)
Leading manufacturer of gluten-free and health-focused food products with 300+ SKUs including flours, baked goods, protein snacks, and dietary supplements
Proprietary formulations leverage natural superfoods like teff and chia with advanced food-technology for enhanced texture, flavor, and shelf life
Customized product development capabilities serving gluten-free, vegan, sugar-free, and low-carb consumer segments
Operating from 60,000 sq. ft. Israeli facility with 70-person team; pursuing North American expansion via acquisition strategy
Key Stats:
Located: Kibbutz Ma'anit, Israel
Founded: 1940
Employees: 70
Website: www.eshbalfoods.com
Contact: +972-4-637-5110 | investors@eshbal.com
Corporate Presentation (click to view)
Eshbal's flagship pita products, matching the taste and viscosity of gluten-containing pita breads
300+ SKUs encompassing vegan cheeses, hearty meat substitutes, gluten-free breads, premium gluten-free wheat flour substitutes, confectioners sugar, Argentinian-style Dulce de Leche; via D2BD, broccoli and cauliflower-based low-carb, gluten-free, and natural-ingredient products
60,000 sqft production facility purpose-built for advanced “better for you” food; GMP, ISO and HACCP-certified; in-house R&D with 4 food engineers; 70+ employees
Formulations offset the nutritional loss typically found in gluten-free baked foods by adding vitamins, minerals, proteins, and superfoods, and using advanced packaging for shelf stability
New York-based Dare2 Be Different Foods acquired in November 2025, adding US distribution, production facilities and team
Available in Walmart in New York state and 500+ other locations in the Northeast
CEO Interview: Meeting the growing demand for healthier, "better for you" foods (click to view)
CEO Interview: Eshbal's US Expansion Strategy (click to view)
CEO Interview: Eshbal Overview (click to view)
Eshbal's Facility Tour
Eshbal Opens the TSXV Exchange from Israel - September 17, 2025
Meet the Team
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Tomer Bar-Meir
CEO
18+ years in the gluten-free food industry
Joined Eshbal after the merger with Bar-El Gluten-Free Bakery in 2016
B.A. in Marketing & Finance from Ben-Gurion University; MBA from Ruppin Academic College
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Gadi Levin
CFO
20 years of financial leadership with public companies in Canada, the US, and Israel
Leadership positions in Israeli investment firms
MBA, Bar-Ilan University; B.Com., University of Cape Town; postgraduate diploma in Accounting
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Avi Markus
CCO
25+ years in the CPG and better-for-you industry
Previously SVP, North America – Retail at Else Nutrition
Co-founded Nourishtea and BEON Energems
Held senior marketing roles at Unilever Canada and Shoppers Drug Mart
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Anat Shuhami
INVESTOR RELATIONS
Lawyer and mediator with deep expertise in business development and investor relations
Led companies through fundraising, growth strategies, and scalable execution
LL.B., College of Management Academic Studies (Israel)
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Yuval Levy
CHAIRMAN
Major shareholder of Eshbal
Prev. SVP, Frutarom; led global business development and M&A
BA(Hons), international marketing, F.I.T. New York
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Dave Eto
DIRECTOR
35 years in bakery, frozen and ready to eat foods
President, Qumai SA
CEO, Sustainable Bioproduct Innovations Inc., a plant-based fat replacement manufacturing company
BA, Agriculture UBC
Startup advisor and angel investor
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Sokhie Puar
DIRECTOR
30+ years in public markets, across health, wellness, mining, technology and clean energy
Director and CEO, Else Nutrition
Director, Adcore Inc.
Engineering Technology and Business Administration, BCIT
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Tamir Dagan
DIRECTOR
CEO, Shiran Representatives 2008 Ltd., specializing in international trade of raw materials
30+ years of experience in the food and industrial sectors
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David Bar-Meir
DIRECTOR
Stakeholder in Eshbal through LD Bar-El Ltd.
Managed “The Original Pancake House” in Israel for 30 years
Founded Bar-El Bakery, which merged with Eshbal in 2016
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Ifti Ifhar
DIRECTOR
Experienced CEO, CFO and M&A leader with a track record across startups and global corporations
BA, Accounting & Economics; Executive MBA, Tel Aviv University
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Nancy Goertzen
DIRECTOR
30+ years in corporate development and investor strategy
Director of Mission Group, Nationwide Trusts and Adcore (TSX: ADCO)
CPIR (Ivey) and ICD.D designations
Eshbal Signs Definitive Agreement to Acquire Majority Interest in NYC-Based Dare to Be Different Foods
Eshbal Functional Food Inc. (TSXV: ESBL) ("Eshbal" or the "Company") is pleased to announce that, further to its news release dated July 15, 2025, it has entered into a definitive share purchase agreement (the "Agreement") with Dare to be Different Foods, Inc. ("D2BD"), a U.S.-based company specializing in gluten-free, vegetable-forward food products, and the shareholders of D2BD (the "D2BD Shareholders") pursuant to which Eshbal will acquire a majority interest in D2BD (the "Transaction"). The execution of the Agreement reflects the next step in advancing Eshbal's strategic growth agenda.
Eshbal Signs with Leading U.S. Food Broker Active Marketing Group to Scale Distribution; Grants Performance Equity
Eshbal Functional Food Inc. (TSXV: ESBL) ("Eshbal" or the "Company") is pleased to announce that it has entered into a sales and marketing agreement with Active Marketing Group ("AMG"), a leading U.S.-based consumer packaged goods marketing and brokerage firm.
Eshbal Functional Food Inc. (ESBL) Opens the Market
Yuval Levy, Chairman of Eshbal Functional Food Inc. and Tomer Bar-Meir, Chief Executive Officer of Eshbal Functional Food Inc. ("Eshbal" or the "Company") (TSXV: ESBL), joined Yossi Boker, Head of Business Development, TMX Group, to open the market from Kibutz Maanit in Israel and celebrate the Company's new listing on TSX Venture Exchange.
Eshbal Reports First Consolidated Financial Results Following RTO and Provides Corporate Update
Eshbal Functional Food Inc. (TSXV: ESBL) ("Eshbal" or the "Company"), a developer of gluten-free and health-focused food products, today reported its first consolidated financial results following completion of its April 2025 reverse takeover (the "RTO") and provides a corporate update regarding ongoing business activities.
Eshbal Functional Foods Seeks to Triple Revenue Through North America Access
Israel-based Eshbal Functional Foods is banking on acquisitions in the North American market to drive growth and triple revenue in the next two years. The better-for-you bakery business gained a listing in Canada this year following a reverse takeover of Hakken Capital Corp. and is now preparing to take its gluten-free pitta bread into the US market with an expected launch in September.
Eshbal Signs Binding Agreement and Launches North American Capital Markets Strategy
("Eshbal" or the "Company"), a developer of gluten-free and health-focused food products, is pleased to share a set of strategic steps advancing its commercial and capital markets execution in North America:
the signing of a binding Letter of Intent with GF Nation Brand; and
the formal launch of the Company's investor relations program, including the appointment of a Head of Investor Communications.
Eshbal Advances North American Growth Strategy with Planned Launch of U.S, Based Manufacturing of Eshbal Pita Bread and Strategic Acquisition
("Eshbal" or the "Company"), a developer of gluten-free and health-focused food products, is pleased to announce key developments supporting its North American expansion strategy: the planned commercial launch of its U.S. produced gluten-free pita bread, and the asset acquisition of Swonder Bread, an Israeli-based bakery specializing in sprouted gluten-free sourdough products.
Eshbal - Reports Results for the First Quarter of 2025
("Eshbal" or the "Company")(formerly Hakken Capital Corp. "Hakken") (TSXV: ESBL.V), is pleased to announce that on May 30, 2025, the Company reported the financial results for the quarter ending March 31, 2025, of its recently acquired (the "Acquisition") Israeli wholly owned subsidiary, Eshbal Functional Food (Agricultural Cooperative) Ltd. ("Eshbal Israel").