Cannibble Provides Update on Eshbal Functional Foods Acquisition
Cannibble Provides Update on Eshbal Functional Foods Acquisition
Rosh Haayin, Israel--(Newsfile Corp. - November 16, 2022) - Cannibble Foodtech Ltd., (CSE: PLCN) ("Cannibble" or the "Company"), an Israeli food-tech company that develops and manufactures food and beverage products that are enhanced variously with hemp seeds, hemp protein, and other hemp ingredients, where legal to do so, is pleased to provide a progress update on its proposed acquisition (the "Proposed Acquisition") of Eshbal Functional Foods Cooperative Ltd. ("Eshbal"). The Proposed Acquisition involves the acquisition of all the outstanding membership interests of Eshbal from the members of Eshbal (the "Vendors") in exchange for ordinary shares of Cannibble. Cannibble believes that if completed, the Proposed Acquisition will expand Cannibble's business in the United States in the gluten free market. The parties are in the final stages of negotiating the definitive agreement for the Proposed Acquisition (the "Definitive Agreement") and expect to sign the Definitive Agreement in Q4 2022.
Rosh Haayin，以色列-(Newsfile Corp.-2022年11月16日)-罐頭食品科技有限公司(CSE：PLCN)(““罐頭炸彈”“或”公司)，一家以色列食品科技公司，開發和製造使用大麻種子、大麻蛋白和其他大麻成分進行各種強化的食品和飲料產品，在合法的情況下，很高興提供其擬議收購的最新進展(“擬議中的收購“)Eshbal功能性食品合作有限公司(”以實巴勒“)。擬議的收購涉及從Eshbal的成員手中收購Eshbal的所有未償還成員權益(”賣主)以換取Cannibble的普通股。Cannibble相信，如果完成擬議的收購，將擴大Cannibble在美國無麪筋市場的業務。雙方正處於擬議收購的最終協議談判的最後階段。最終協議“)，並預計在2022年第四季度簽署最終協議。
Although the Definitive Agreement has not yet been signed, the parties started a business cooperation between them. As part of the cooperation, Cannibble has received two orders from a distributor in the United States that placed the two orders from Eshbal for one of Eshbal's leading products.
雖然最終協議尚未簽署，但雙方開始了業務合作。作為合作的一部分，Cannibble已經收到了一家美國分銷商的兩份訂單，這兩份訂單是從Eshbal下的，是Eshbal的一種領先產品。
Yoav Bar-Joseph, CEO and director of Cannibble: "We have approached a number of retail chain food buyers and distributors in the United States and we have received significant interest in Eshbal's products portfolio. As part of our efforts, we have already received initial test orders from a food distributor in the United States. Once we complete the acquisition of Eshbal, we plan to increase the scope of Eshbal's gluten free business in the US market."
食肉公司首席執行官兼董事首席執行官約阿夫·巴爾-約瑟夫：“我們已經與美國的一些食品零售連鎖店買家和分銷商進行了接觸，我們收到了人們對Eshbal產品組合的濃厚興趣。作為我們努力的一部分，我們已經收到了來自美國一家食品分銷商的初步測試訂單。一旦我們完成對Eshbal的收購，我們計劃擴大Eshbal在美國市場的無麩質業務範圍。”
Acquisition Terms
收購條款
It is anticipated that the Proposed Acquisition will be an all shares transaction, with the Vendors receiving in the aggregate ordinary shares of Cannibble ("Cannibble Shares") equal to 51% of the issued and outstanding Cannibble Shares at closing of the Proposed Acquisition ("Closing"), and with Cannibble issuing up to another 20% (of the number of Cannibble Shares issued and outstanding at Closing) of Cannibble Shares to the Vendors subject to Eshbal achieving certain sales or profitability milestones within six years of Closing.
預計擬議的收購將是一項全股票交易，賣方總共將獲得Cannibble的普通股(Cannibble股票“)相當於擬議收購完成時已發行和已發行的Cannibble股份的51%(”結業“)，並由Cannibble向供應商增發至多20%的Cannibble股票(成交時已發行和已發行的Cannibble股票數量)，但Eshbal必須在成交後六年內實現某些銷售或盈利里程碑。
the Selling Members shall be entitled to receive additional Purchaser Shares of Cannibble if they will meet certain sales milestones for year 2022 or for any other calendar year during the 36 months Period.
銷售會員如能達到2022年或36個月內任何其他日曆年的某些銷售里程碑，將有權獲得額外的Cannibble買方股份。
The Proposed Acquisition is expected to be a fundamental acquisition for Cannibble under the policies of the Canadian Securities Exchange ("CSE") and will be subject to CSE and Cannibble shareholder approval. Following Closing, Eshbal will be a wholly-owned subsidiary of Cannibble. At Closing, it is expected that Yuval Levy will join the board of Cannibble as chairman and Danit Kochva will join Cannibble as chief financial officer.
根據加拿大證券交易所(Canada Securities Exchange)的政策，預計擬議中的收購將是Cannibble的一次根本性收購。CSE“)，並將得到CSE和Cannibble股東的批准。完成交易後，Eshbal將成為Cannibble的全資子公司。在完成交易時，預計Yuval Levy將加入Cannibble董事會擔任董事長，Danit Kochva將加入Cannibble擔任首席財務官。
The completion of the Proposed Acquisition remains subject to the negotiation and signing of the Definitive Agreement, completion of due diligence by the parties, completion of a private placement by Cannibble of a minimum financing of C$4,500,000 (the "Minimum Financing"), receipt of all applicable governmental, regulatory and contractual third party approvals, including approval of the Canadian Securities Exchange, and other conditions precedent and closing conditions customary for similar transactions to the Proposed Acquisition.
擬議收購的完成仍取決於最終協議的談判和簽署、各方完成盡職調查、Cannibble完成私募最低融資4,500,000加元(“最低融資額“)，獲得所有適用的政府、監管和合同第三方批准，包括加拿大證券交易所的批准，以及與擬議收購類似交易的其他先決條件和成交條件。
About Cannibble
關於卡尼勃
Cannibble is a food-tech company that develops and manufactures food and beverage products variously enhanced with hemp seeds, hemp protein, and other hemp ingredients, where legal to do so. Cannibble has developed proprietary formulas for food and beverage products enhanced with hemp seeds and protein, targeted for the "Better-for-You" segment. The products are sugar free, dairy free, plant based, non GMO, and marketed under Cannibble's brand name "The Pelicann™".
Cannibble是一家食品科技公司，在合法的情況下，開發和製造使用大麻種子、大麻蛋白和其他大麻成分增強的食品和飲料產品。Cannibble已經為食品和飲料產品開發了專有配方，這些產品使用大麻種子和蛋白質增強，目標是“對你更好”的細分市場。這些產品是無糖、無乳製品、植物性、非轉基因的，並以食人魚的品牌名稱“The Pelicann™”銷售。
Cannibble has developed over 100 product SKUs, of which 40 have been manufactured to date. For more information about Cannibble and its business, visit .
Cannibble已經開發了100多個產品SKU，其中40個到目前為止已經生產出來。有關Cannibble及其業務的更多信息，請訪問。
About Eshbal
關於以實巴勒
Eshbal develops and produces unique formulations of: nutraceuticals, medicinal foods, sugar-free and gluten-free products, vegan products, syrups, and dry mixes including sweeteners and a line of keto products. Eshbal focuses on the development of unique formulations of functional food products that it believes promote health beyond their nutritional values for retail brands, private labels, and B2B. Eshbal's products can be found in almost every supermarket as well as other food retailers and health stores throughout Israel. For firther information see Eshbal's website at .
Eshbal開發和生產以下產品的獨特配方：營養食品、藥用食品、無糖和無麩質產品、素食產品、糖漿以及包括甜味劑和一系列酮類產品在內的幹混合物。Eshbal專注於開發獨特的功能性食品配方，它認為這些產品不僅可以促進零售品牌、自有品牌和B2B的營養價值，還可以促進健康。Eshbal的產品在以色列各地的幾乎每一家超市以及其他食品零售商和健康商店都可以找到。有關更多信息，請參見Eshbal的網站。
Yoav Bar-Joseph, CEO and director
Email: yoav.b@cannibble.world
Tel: +1 (786) 322 6055
董事首席執行官約阿夫·巴爾-約瑟夫
電子郵件：yoav.b@canibble.world
電話：+1(786)322 6055
Cautionary Statement
警示聲明
Certain statements in this news release constitute "forward-looking information" under applicable Canadian securities laws. Words such as plan, anticipate, believe, estimate, expect, may, intend, and similar expressions, as they relate to Cannibble or its management, identify forward-looking information. Forward-looking information in this news release relates to the Proposed Acquisition and the benefits that Cannibble expects to realize from the Proposed Acquisition, as well as the timing for these future events. Cannibble can give no assurance that it will be successful in completion the Proposed Acquisition. Forward‐looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Cannibble's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking information. Risks associated with the Proposed Acquisition include those related to the parties' ability to negotiate and sign the Definitive Agreement, obtain the necessary shareholder and regulatory approvals, complete the Minimum Financing, and the timing for the completion of all these events, as well as the risk, assuming the Proposed Acquisition does complete, that the anticipated benefits of the Proposed Acquisition do not materialize. Cannibble does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
根據適用的加拿大證券法，本新聞稿中的某些陳述構成“前瞻性信息”。像這樣的詞計劃、預期, 相信, 估算, 期望的、可能的、打算的，以及類似的表述，當它們與Cannibble或其管理有關時，識別前瞻性信息。本新聞稿中的前瞻性信息涉及擬議的收購和Cannibble預計從擬議的收購中實現的好處，以及這些未來事件的時機。Cannibble不能保證它將成功完成擬議中的收購。前瞻性信息基於許多假設，受許多風險和不確定因素的影響，其中許多風險和不確定因素超出了Cannibble的控制範圍，可能導致實際結果和事件與前瞻性信息中披露或暗示的情況大不相同。與建議收購相關的風險包括與各方談判和簽署最終協議、獲得必要的股東和監管機構批准、完成最低融資以及完成所有這些事件的時間的能力有關的風險，以及假設建議收購確實完成的風險，即建議收購的預期收益沒有實現。除非適用法律明確要求，否則由於新信息、未來事件或其他原因，Cannibble不承擔更新此類前瞻性信息的任何義務。
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要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。