04:42:39 EST Fri 30 Jan 2026
Enter Symbol
or Name
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Cannibble Food-Tech Ltd
Symbol PLCN
Shares Issued 26,023,896
Close 2026-01-29 C$ 0.10
Market Cap C$ 2,602,390
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Cannibble CEO Bar-Joseph issues letter to shareholders

2026-01-29 18:58 ET - Shareholders Letter

Mr. Yoav Bar-Joseph reports

CANNIBBLE FOOD-TECH LTD. CEO ISSUES LETTER TO SHAREHOLDERS

Yoav Bar-Joseph, founder and chief executive officer of Cannibble Food-Tech Ltd., has issued the following letter to shareholders.

To our shareholders,

I am writing to update you on recent developments at Cannibble and to outline key priorities as we move into 2026.

Over the past year, the company operated in a challenging environment. Continuing geopolitical conditions in Israel and broader capital market constraints limited our ability to raise capital and advance certain initiatives. During this period, management focused on maintaining operational continuity, preserving the company's core assets and evaluating strategic opportunities that align with Cannibble's long-term objectives.

More recently, the company secured additional financing and completed a review of initiatives intended to support future growth. These steps have allowed Cannibble to begin advancing selected strategic initiatives while continuing to operate its core food technology business.

New division: robotics and artificial intelligence for hospitality and food-tech

During the period, Cannibble established a robotics and artificial intelligence division for the food and hospitality industry. The division was formed to explore opportunities in automation and service robotics that may complement the company's existing relationships within the food service, hospitality and related service sectors.

As previously disclosed, Cannibble and AIBotics Inc. have entered into a collaboration to evaluate the potential deployment of AI-powered service robots in food service, hospitality and security applications, initially in Israel and, subject to market conditions and definitive agreements, in other international markets.

As part of the initiative, an initial shipment of service robots manufactured by Keenon Robotics has arrived in Israel and is currently awaiting customs clearance. Cannibble's management expects the shipment to support pilot programs and market assessment activities as it evaluates commercial demand and potential distribution opportunities.

The robotics and AI division is focused on assessing commercial demand, supporting pilot initiatives, and evaluating the potential marketing and distribution of service robotics technologies. There can be no assurance that these activities will result in commercial agreements, revenue generation or long-term business operations.

Shareholder meeting update

The company recently held a shareholder meeting, at which several matters were approved by shareholders. One of these was the approval of a resolution authorizing a change to the company's name. The new name will be announced through a separate news release in the coming weeks.

In addition, shareholders approved the continued terms of office of the company's existing directors and reappointed Ziv Haft Chartered Professional Accountants as the company's auditor for an additional term.

Looking ahead

It is anticipated that Cannibble will continue to evaluate strategic initiatives with a focus on disciplined capital allocation, operational execution and regulatory compliance. Management remains committed to transparent communication with shareholders and to advancing initiatives that align with the company's long-term strategy.

I would like to thank our shareholders for their continued support and engagement.

Sincerely,

Yoav Bar-Joseph,

Founder and chief executive officer

About Cannibble Food-Tech Ltd.

Cannibble is a food technology company focused on developing food and beverage products enhanced with alternative proteins and functional ingredients.

In addition to its food products, Cannibble has established an innovation division focused on robotics and artificial intelligence solutions. This division was formed to leverage the company's existing relationships within the food service, hospitality and service industries, and is focused on the marketing and commercialization of AI-enabled robotic technologies designed to support automation, operational efficiency and scalable service delivery across food service, hospitality and security environments.

We seek Safe Harbor.

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