HIGHLIGHTS

Eshbal Functional Food (TSXV: ESBL) is an innovative and profitable food-tech company offering a broad portfolio of gluten-free and “better-for-you” products, now producing in North America.

Following record nine-month 2025 revenues of US $10.1 million, the Company has entered the multi-billion-dollar North American gluten-free market with active production and is launching its proven baked goods line in early 2026.

PRODUCTS COMING SOON TO NORTH AMERICA

Eshbal Webinar Now Available

The Eshbal leadership team—Tomer Bar-Meir (CEO), Avi Markus (CCO), and Yuval Levy (Chairman)—share key company highlights, followed by an interactive Q&A session.

PRODUCTS COMING SOON TO NORTH AMERICA

PROFITABLE

Eshbal Functional Food is a profitable Israeli food-tech company that develops and manufactures advanced “Better For You” food products and dietary supplements.

BETTER FOR YOU

Over 300 SKUs, including 80+ “Better For You” products made with proprietary manufacturing and packaging, with more in development through ongoing R&D.

GROWTH

Driven by steady organic growth and strategic Israeli acquisitions, 2024 revenues of more than US $11 million.

NORTH AMERICA

Production and distribution now underway in North America, the largest gluten free market in the world.

TARGETS

Operational companies that may have physical assets like production facilities, storage, and distribution capabilities.

White Label

Leveraging these existing channels is imperative, as they provide a strong foundation to successfully launch Eshbal’s gluten-free products into North America.

North American 

GLUTEN FREE MARKET

  • The largest gluten free market in the world (40%)*, with baked goods being the biggest segment.

  • The gluten-free market is experiencing strong growth, fueled by rising demand from health-conscious and flexitarian consumers, and centered on premium, ‘Better For You’ products that address underserved, high-value market segments.

  • Forecast CAGR of 9-11% 2025-2030*

  • North America market: ~ $2.98B USD (2024), growing ~ 9–10% annually

  • Canada ~ $1.2B million USD by 2033*

*Data Sources – statista.com | pubmed.ncbi.nlm.nih.gov | globenewswire.com | prnewswire.com | cognitivemarketresearch.com | imarcgroup.com


Introducing Eshbal

  • Eshbal Functional Food Inc. is a consistently growing Israeli Food-Tech company dedicated to creating “Better For You” products — including vegan, low-carb, protein-enriched, and gluten-free foods, as well as dietary supplements. Through continuous innovation and a focus on quality, Eshbal delivers nutritious solutions that align with the evolving lifestyles of modern consumers.

  • A profitable and consistently growing company, publicly listed on the TSX Venture Exchange (TSXV) since April 2025. With both organic growth and an active M&A roll-up strategy including its first Letter of Intent (LOI) already announced. Eshbal is strategically positioned to accelerate expansion and support its entry into the North American market.

  • From grain to finished goods, Eshbal controls every stage of production — from ingredient selection to the final baked bread. Over 300 SKUs are produced using proprietary manufacturing and packaging methods, supported by Eshbal’s in-house laboratory and a team of four dedicated engineers. This fully integrated approach ensures consistent quality, continuous product innovation, and precise formulation across its diverse range of “Better For You” foods and supplements.

  • 60,000 sq.ft. manufacturing facility in Israel, purpose-built for the production of vegan, low-carb, protein-enriched, and gluten-free foods, as well as dietary supplements, supported by a skilled team of 70+ employees dedicated to quality, efficiency, and innovation.

East Smart. Invest Smart.

Eshbal Functional Food (TSXV: ESBL) is an innovative and profitable food-tech company with a broad offering of gluten-free and “Better for You” products. Eshbal, which saw 2024 revenues of more than US $11 million, has entered the multi-billion-dollar gluten-free market with an initial launch of its successful line of baked goods.

Eshbal Functional Food Video

Eshbal is redefining the “Better For You” category with proprietary R&D, clean-label production, and scalable growth. This video showcases our commitment to innovation, quality, and expanding global demand for functional nutrition.

Stay In The Loop

Stay connected with Eshbal Functional Food — sign up for our newsletter to get the latest updates on product innovations, healthy recipes, and exclusive insights into the future of functional nutrition.

INVESTOR PRESENTATION

Management TEAM

ESHBAL FUNCTIONAL FOOD – TSX-V: ESBL

Tomer Bar-Meir

CEO

Mr. Bar-Meir has over 18 years of experience in the gluten-free food industry. He joined Eshbal after the merger with Bar-El Gluten-Free Bakery in 2016, served as CEO for six years, and now leads North American operations. He holds a B.A. in Marketing & Finance from Ben-Gurion University and an MBA from Ruppin Academic College.

Gadi Levin

CFO

Mr. Levin brings 20 years of financial leadership with public companies in Canada, the US, and Israel. He previously served as VP Finance and CFO at two Israeli investment houses. He holds a B.Com. from the University of Cape Town, a postgraduate diploma in Accounting, and an MBA from Bar-Ilan University.

Avi Markus

CCO

Mr. Markus has 25+ years in CPG and better-for-you brands. He was SVP, North America – Retail at Else Nutrition, co-founded Nourishtea and BEON Energems, and previously held senior marketing roles at Unilever Canada and Shoppers Drug Mart. Based in Toronto, Canada, he holds an MBA and leads Eshbal’s North American retail expansion.

Anat Shuhami

Investor Communications

Ms. Shuhami is a lawyer and mediator with deep expertise in strategy, investor relations, and business development. She has led companies through fundraising, growth strategies, and scalable execution. Based in Israel, she holds an LL.B. and heads Eshbal’s global investor relations.

BOARD OF Directors

ESHBAL FUNCTIONAL FOOD – TSX-V: ESBL

Yuval Levy

DIRECTOR

Mr. Levy, through Noki I.P. Ltd., is the major shareholder of Eshbal. He has acquired Heintz Remedia Baby Food, Arava Tea, and Taami Baby Food, and founded Adama China. From 1991 to 2005, he served as Senior EVP at Frutarom and GM of its Global Flavors Division, where he led international business development and M&A. He holds a B.A. (Hons) in International Marketing from F.I.T. New York.

Dave Eto

DIRECTOR

Mr. Eto holds a Bachelor of Agriculture from the University of British Columbia and brings 35 years of experience in private and public companies. He specializes in bakery, fresh and frozen foods, and cannabis, with a track record of launching startups and active angel investing. He currently serves as President of Qumai SA and as a Board Director at Free Point Technologies.

Sokhie Puar

DIRECTOR

Mr. Puar has 30 years of public market experience, working in health, wellness, mining, technology, and clean energy sectors He is the lead director and former CEO of Else Nutrition Holdings Inc and a board member of Adcore Inc He holds diplomas in Mechanical Engineering Technology and Business Administration from BCIT and serves as Vice Chair of Southpointe Academy s Board of Governors.

Tamir Dagan

DIRECTOR

Mr. Dagan, through Shiran Representatives 2008 Ltd., is a holder of Eshbal. With over 30 years of experience in the food and related industries, he is the owner and CEO of Shiran Representatives 2008 Ltd., specializing in international trade of raw materials and representation of global companies.

David Bar Meir

DIRECTOR

Mr. Meir, through LD Bar El Ltd., is a stakeholder in Eshbal. He managed The Original Pancake House in Israel for nearly 30 years before founding LD Bar El Ltd. in 2003, launching high-quality gluten-free baked goods and establishing Bar El Bakery as a market leader. In 2016, he merged the bakery with Eshbal, becoming a part-owner and serving in various management roles, including director.

Ifti Ifhar

DIRECTOR

Mr. Ifhar is an experienced CEO, CFO, and Head of M&A with deep strategic, financial, and operational expertise. He has led companies from startups to global corporations and brings extensive experience in international M&A. He holds a B.A. in Accounting and Economics and an Executive MBA from the Recanati Business School, Tel Aviv University.

Nancy Goertzen

DIRECTOR

Ms. Goertzen is a corporate director with 30 years of experience in corporate development and investor strategy for emerging companies She holds a Certified Professional in Investor Relations designation from Ivey Business School and the ICD D from the Institute of CorporateDirectors Ms Goertzen serves on the boards of Mission Group Enterprises, Nationwide Trusts I VI, and Adcore (TSXADCO).

ESHBAL FUNCTIONAL FOOD – TSX-V: ESBL

EAT SMART. INVEST SMART.

EAT SMART. INVEST SMART.

Eshbal Functional Food (TSXV: ESBL) is an innovative and profitable food-tech company with a broad offering of gluten-free and “Better for You” products. Eshbal, which saw 2024 revenues of more than US $11 million, has entered the multi-billion-dollar gluten-free market with an initial launch of its successful line of baked goods.

HOW TO INVEST SMART

ESHBAL FUNCTIONAL FOOD – TSX-V: ESBL

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EAT SMART. INVEST SMART.

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