Business
Eshbal Acquires a 55% Interest in Dare to Be Different Foods
Eshbal Acquires a 55% Interest in Dare to Be Different Foods Canada NewsWire ...
About this update from Eshbal Functional Food Inc.
[{"type":"text","content":"\n\n\n\nEshbal Acquires a 55% Interest in Dare to Be Different Foods\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n\n\nTSXV: ESBL\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES/\nVANCOUVER, BC, Feb. 10, 2026 /CNW/ - Eshbal Functional Food Inc. (TSXV: ESBL) (\"Eshbal\" or the \"Company\") is pleased to announce that, further to its news releases dated July 15, 2025, November 13, 2025 and January 12, 2026, it has closed the acquisition of a 55% interest in and certain assets related to the business of Dare to be Different Foods, Inc. (\"D2BD\"), a U.S.-based company specializing in gluten-free, vegetable-forward food product (the \"Transaction\").\nThe Company acquired its 55% interest in D2BD and certain assets related to the business of D2BD by issuing an aggregate of 3,600,000 common shares in the capital of Eshbal (the \"Shares\") at the deemed issue price of CAD$0.21 (US$0.15) per Share for an aggregate value of CAD$756,000 (US$540,000), plus cash payments of an aggregate of US$248,000 of which US$26,000 was paid at closing and minimum of US$18,500 will be paid by monthly installments over the next 12 months.\nAll Eshbal Shares issued pursuant to the Transaction will be issued under prospectus exemptions pursuant to National Instrument 45-106 - Prospectus Exemptions and are subject to an applicable statutory hold period of four months and one day from the date of issuance. The Transaction is an arm's length transaction for the purposes of policies of the TSX Venture Exchange (the \"TSXV\"). No finder's fees were payable in connection with the Transaction. The Transaction qualified as an \"Expedited Acquisition\" under TSXV Policy 5.3 — Acquisitions and Dispositions of Non-Cash Assets and was accepted for filing by TSXV.\nThe securities issued pursuant to the Transaction have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in...