14:47:11 EDT Wed 13 May 2026
Enter Symbol
or Name
USA
CA



Cannibble Food-Tech Ltd
Symbol PLCN
Shares Issued 40,950,185
Close 2026-05-06 C$ 0.08
Market Cap C$ 3,276,015
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Cannibble to issue 1.83 million shares for services

2026-05-13 12:37 ET - News Release

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.

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