Trending...
- Kevin "Mr. Wonderful" O'Leary Begins New Universal Coin & Bullion Promotion of Gold and Silver
- The Simplest Small Business You're Probably Not Thinking About
- Padel Tournament in Brooklyn to Support Bone Marrow Transplant Patients
VANCOUVER, BC, July 15, 2025 ~ Eshbal Functional Food Inc. (TSXV: ESBL) has recently made two significant moves to expand its presence in North America. The company, known for its development of gluten-free and health-focused food products, has signed a binding Letter of Intent to acquire a majority interest in Dare to Be Different Foods (D2BD) and has appointed Avi Markus as Chief Commercial Officer for North America.
The LOI, effective as of July 3, 2025, outlines Eshbal's plan to acquire a 55% interest in D2BD, a New York-based company specializing in low-carb, gluten-free, and natural-ingredient products made from broccoli and cauliflower. D2BD's product portfolio includes crusts, crisps, gnocchi, and other items sold under its branded line through natural grocery chains and online platforms.
The acquisition will be completed through a combination of cash subscription by Eshbal for newly issued securities of D2BD and the issuance of Eshbal Shares to the existing shareholders of D2BD. The final amount of cash payments and number of Eshbal Shares will be determined after the completion of the due diligence process. Additionally, if D2BD meets certain revenue thresholds, additional Eshbal Shares may be issuable in the future. The closing of the acquisition is subject to the parties entering into a definitive agreement and receiving approval from the TSX Venture Exchange.
More on Nyenta.com
Avi Markus has been appointed as Chief Commercial Officer for North America. With over 25 years of experience in consumer-packaged goods and "Better for You" food brands, Mr. Markus brings valuable expertise to Eshbal. He previously served as SVP, North America – Retail at Else Nutrition and is a partner at The Matzo Project. His experience also includes co-founding emerging food brands such as Nourishtea and BEON Energems and holding senior brand management and marketing roles at Unilever Canada and Shoppers Drug Mart. In his new role, Mr. Markus will lead commercial operations in North America, including sales, distribution, partnerships, and business development.
"I am so pleased to be joining this unique team of creative professionals in the field of Better-for-You nutrition," said Mr. Markus. "Eshbal is already a leading international player in healthier food solutions, and I look forward to introducing its products to leading retailers and foodservice accounts across the U.S. and Canada."
Eshbal Functional Food Inc. is a developer and manufacturer of health-focused food and nutraceutical products. The company leverages proprietary R&D and specialized production technologies to deliver Gluten-Free, Vegan, Low-Carb, Sugar-Free, and supplement-based solutions across a range of categories — from baked goods and spreads to protein blends, cereals, and dietary supplements.
More on Nyenta.com
Eshbal's expansion into the North American market follows its successful completion of a reverse takeover (RTO) with Hakken Capital Corp., which resulted in Eshbal becoming a publicly listed company on the TSX Venture Exchange as of April 14, 2025.
The company's mission is to help people lead healthier lives by rethinking everyday food through science, purpose, and passion. Eshbal caters to a diverse mix of industrial, foodservice, and retail clients in Israel and abroad.
Disclaimer: This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such statements. Neither the TSX Venture Exchange Inc., nor its Regulation Servicer provider accepts responsibility for the adequacy or accuracy of this release.
The LOI, effective as of July 3, 2025, outlines Eshbal's plan to acquire a 55% interest in D2BD, a New York-based company specializing in low-carb, gluten-free, and natural-ingredient products made from broccoli and cauliflower. D2BD's product portfolio includes crusts, crisps, gnocchi, and other items sold under its branded line through natural grocery chains and online platforms.
The acquisition will be completed through a combination of cash subscription by Eshbal for newly issued securities of D2BD and the issuance of Eshbal Shares to the existing shareholders of D2BD. The final amount of cash payments and number of Eshbal Shares will be determined after the completion of the due diligence process. Additionally, if D2BD meets certain revenue thresholds, additional Eshbal Shares may be issuable in the future. The closing of the acquisition is subject to the parties entering into a definitive agreement and receiving approval from the TSX Venture Exchange.
More on Nyenta.com
- T. Jones Group's Cameron Jones Serves as Judge for the 2026 CHBA National Awards for Housing Excellence
- L'Atelier Paris Introduces Le Linéaire During NYCxDESIGN 2026
- NYC Buyers Are Relocating To Westchester At Accelerating Pace In 2026, Says Local Realtor
- The AI Direction Deficit: TripleTen Study Finds Staff Get Told to Use AI — But Not Trained to Use It
- VConnect USA LLC Launches Dedicated B2B and B2C Commerce Platforms
Avi Markus has been appointed as Chief Commercial Officer for North America. With over 25 years of experience in consumer-packaged goods and "Better for You" food brands, Mr. Markus brings valuable expertise to Eshbal. He previously served as SVP, North America – Retail at Else Nutrition and is a partner at The Matzo Project. His experience also includes co-founding emerging food brands such as Nourishtea and BEON Energems and holding senior brand management and marketing roles at Unilever Canada and Shoppers Drug Mart. In his new role, Mr. Markus will lead commercial operations in North America, including sales, distribution, partnerships, and business development.
"I am so pleased to be joining this unique team of creative professionals in the field of Better-for-You nutrition," said Mr. Markus. "Eshbal is already a leading international player in healthier food solutions, and I look forward to introducing its products to leading retailers and foodservice accounts across the U.S. and Canada."
Eshbal Functional Food Inc. is a developer and manufacturer of health-focused food and nutraceutical products. The company leverages proprietary R&D and specialized production technologies to deliver Gluten-Free, Vegan, Low-Carb, Sugar-Free, and supplement-based solutions across a range of categories — from baked goods and spreads to protein blends, cereals, and dietary supplements.
More on Nyenta.com
- Renisis Wins National Jewelry Competition
- Monticello Equipment Named Authorized Forklift Dealer for LiuGong North America
- $29.8 Million Record Setting Q1 with Boosted Annual Guidance to $160 Million for Expanding Pre-Owned Boat Dealer: Off The Hook YS, Inc. N Y S E: OTH
- All About Technology Celebrates 25 Years of Bridging Detroit's Digital Divide
- iatroX surpasses 500,000 clinical queries and expands specialist exam coverage
Eshbal's expansion into the North American market follows its successful completion of a reverse takeover (RTO) with Hakken Capital Corp., which resulted in Eshbal becoming a publicly listed company on the TSX Venture Exchange as of April 14, 2025.
The company's mission is to help people lead healthier lives by rethinking everyday food through science, purpose, and passion. Eshbal caters to a diverse mix of industrial, foodservice, and retail clients in Israel and abroad.
Disclaimer: This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such statements. Neither the TSX Venture Exchange Inc., nor its Regulation Servicer provider accepts responsibility for the adequacy or accuracy of this release.
Filed Under: Business
0 Comments
Latest on Nyenta.com
- N Y S E: OTH Off The Hook YS Is Building a Vertically Integrated Marine Empire — And Investors Are Starting to Notice
- Concierge Title Agency Merges with Independence Title, Inc. to Deliver an Expanded Concierge Closing Experience Across South Florida
- New Data: Female Athletes Now Dominate Sports Brand Deals as OpenSponsorship Releases 2026 Marketing Report
- Grow My Security Company Launches Next-Generation Website and Expands Strategic Marketing Solutions for the Security Industry
- $4.8M in Contracted AI Revenue with Projections of $30M Over 6-12 Months for Diversified AI Software and Platform-Based Services Provider XMax Inc
- Michelangelo's Great Secret Hiding in Plain Sight
- Virginia Marchese's Paradox: A Nation Still Deciding Who Belongs Examines Race, Migration, Law, and America's Unfinished Struggle for Equality
- From Blank Page to Published Book
- Larry R. Wasion's Jump Gate III RoadMaker Blends Cutting-Edge Sci-Fi with High-Stakes Space Exploration and Complex Technologies
- Tabpro Solutions Named to Two Forbes 2026 Best Recruiting Firms Lists
- Boom•Clap Expands Affordable Access for Independent Creatives and Grassroots Organizations
- American Mensa and Davidson Institute Join Forces To Strengthen Support for Profoundly Gifted Youth
- 16th Annual Art Of Brooklyn Film Fest Returns June 1-10 with 55 New Indies
- 360 Sound And Vision Releases The Ubiquitous Compact Disc and America's Most Deadly UFO Encounters
- SpeedyIndex Rolls Out Automated API for Mass URL Verification, Solving the Backlink Blind Spot for SEO Agencies
- KLEKT Announces Appointment of Jay Kimpton to Board of Directors
- Michigan Attorney General Closed FGM Licensing Investigations Months Before Federal Case Ended, Records Show
- Mensa Foundation Event Reframes Brain Health for Every Age
- DLT Resolution, Inc. (Stock Symbol: DLTI) Expands Into the $224 Billion Life Settlements Market While Accelerating Telecom Growth Across Canada
- onSpark Launches an AI-Driven Operating System for the $200B Partnership Economy