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:

Eshbal logo with the text 'Quality Products' and 'Functional Food' in a circular design

Meet the Team

  • Close-up of a man with short hair, wearing a gray shirt, against a brown background.

    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

  • A close-up portrait of a bald man with a serious expression, wearing a suit and white shirt against a plain light brown background.

    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

  • Close-up of a smiling man with glasses and a short beard against a brown background.

    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

  • A woman with curly, blonde hair smiling at the camera.

    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)

  • Headshot of a middle-aged man with gray hair, wearing a dark suit and light shirt, smiling slightly against a neutral background.

    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

  • A smiling man with glasses, short dark hair, wearing a suit and white shirt.

    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

  • A professional portrait of a man with short gray hair, mustache, wearing a suit and tie, smiling against a blue background.

    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

  • A man wearing glasses with a serious expression.

    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

  • Close-up portrait of a man with short dark hair and even skin tone, smiling slightly, against a teal background.

    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

  • Smiling man wearing glasses, a black suit, white shirt, and tie, with a light-colored background and a blue circular border.

    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

  • Black and white headshot of a smiling woman with wavy hair, wearing a white shirt and blazer, against a plain background.

    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

Workers in a bakery production facility packaging sliced bread and bread loaves in boxes.
Jeff Maser Jeff Maser

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.

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Jeff Maser Jeff Maser

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.

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Jeff Maser Jeff Maser

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.

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Jeff Maser Jeff Maser

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:

  1. the signing of a binding Letter of Intent with GF Nation Brand; and

  2. the formal launch of the Company's investor relations program, including the appointment of a Head of Investor Communications.

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Jeff Maser Jeff Maser

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.

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Temima Silver Temima Silver

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").

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