Eshbal strikes Dare To Be Different Foods deal

Israel’s Eshbal Functional Food has closed its purchase of a 55% interest in US low-carb and gluten-free business Dare to Be Different Foods (D2BD). In a statement yesterday (10 February), the Canada-listed company said it bought the stake in D2BD along with certain assets connected to the company’s operations. To strike the deal, Eshbal issued 3.6 million common shares at a deemed issue price of C$0.21 ($0.15) per share, implying an aggregate value of C$756,000. The deal also includes a cash considera ...