Mr. Yoav Bar-Joseph reports
CANNIBBLE FOODTECH LTD. ANNOUNCES SHARES FOR SERVICES
TRANSACTION
Cannibble Food-Tech Ltd. intends to issue an aggregate of
1,835,567 common shares to two directors and an officer of the
company in lieu of cash compensation for services provided to the company. The common shares will be issued at a deemed price of nine cents,
being an aggregate value of $165,201 for all of the common shares to be issued.
The issuance of the common shares pursuant to the shares-for-services transaction
constitutes a related party transaction as defined under Multilateral Instrument 61-101,
Protection of Minority Security holders in Special Transactions, as the
common shares were issued to directors and officers of the company. The issuance of common shares to the related parties pursuant to the
shares-for-services transaction is exempt from the minority approval and formal valuation
requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101 as
the fair market value of the shares-for-services transaction does not exceed 25 per cent of the
company's market capitalization.
The common shares issued in connection with shares-for-services transaction will not be
subject to any resale restrictions or hold period in accordance with applicable securities
laws.
About Cannibble Food-Tech Ltd
Cannibble Food-Tech is a food technology company focused on the development and
commercialization of innovative food and beverage products enhanced with alternative
proteins and functional ingredients.
In the past months, the company has upgraded its food product development capabilities
and is currently working on developing an AI-powered (artificial intelligence) formulation agent designed to
assist food scientists, technologists and product developers in the creation and
optimization of food and beverage formulations. This AI agent is intended to
autonomously analyze ingredient functionality, nutritional targets, sensory profiles,
regulatory requirements and manufacturing parameters in order to generate and
optimize product formulations. The agent is also being designed to interface with robotic
manufacturing solutions capable of producing these formulations in automated
production environments.
Driven by the rapid and transformative advancement of artificial intelligence across
virtually every aspect of modern life and industry, the company believes that AI-powered
development tools and robotics will become a central component in the future of food
innovation. By leveraging machine learning, large data sets and predictive modelling, the
AI agent is expected to significantly shorten research and development cycles, reduce
formulation costs, and improve the efficiency and accuracy of product innovation.
In addition, the company is developing a consumer-facing AI agent app designed to assist
end-users in creating and adapting recipes based on their individual preferences and
profiles. The app is intended to personalize recipes according to a wide range of
parameters, including nutritional goals, dietary restrictions, allergies, lifestyle choices and taste preferences. This technology aims to provide users with tailored culinary
recommendations and optimized meal preparation solutions.
All of these technologies are being developed in-house, leveraging the extensive
knowledge, industry experience and decades of expertise of the company's team in food
technology, product formulation and consumer food innovation.
In synergy with the above, the company has also established an innovation division
focused on robotics and artificial intelligence solutions through strategic collaborations
with manufacturers of existing and proven technologies. This division leverages the
company's existing relationships within the food service, hospitality and service
industries and is engaged in the marketing and commercialization of AI-enabled robotic
technologies designed to support automation, operational efficiency and scalable service
delivery across food service, hospitality and industrial environments.
The division is designed to provide the company's clients with comprehensive robotics
and AI solutions in a 360-degree approach, offering a one-stop shop for automation
technologies, integration and deployment across their operations.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.