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Cannibble Foodtech Ltd. (C:PLCN)

Business Focus: Special Foods & Wellbeing Products

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
 
Company Contact
Address: Ostrovsky 13
KFAR SABA
Tel: N/A
Website: https://cannibble.world
IR: See website
Key People
Yoav Bar Joseph
Chairman of the Board, Chief Executive Officer, Co-Founder
Elad Barkan
Co-Founder, Chief Technology Officer, Director
Ziv Turner
Co-Founder, Vice President - Business Development, Director
Uri Ben-Or
Chief Financial Officer
   
Business Overview
Cannibble Foodtech Ltd is an Israel-based company, which operates as food tech company. It is mainly engaged in development of premixed foods, beverages, nutritional supplements , and spices infused with cannabidiol (CBD) with a controlled and measured dosage for the recreational market. Its product portfolio includes topping and spices, beverages, sweeteners, cakes, popcorn and deserts.
Financial Overview
For the fiscal year ended 31 December 2023, Cannibble Foodtech Ltd revenues increased 4% to $101K. Net loss decreased 44% to $1.1M. Revenues reflect Revenues from consulting services increase from $15K to $90K. Lower net loss reflects Selling and marketing expenses decrease of 57% to $318K (expense), Financial income increase from $142K to $399K (income), General and administrative expenses decrease of 24% to $691K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $1.23M as of Dec 31, 2023
Annual revenue (TTM): $0.14M as of Dec 31, 2023
EBITDA (TTM): -$1.97M as of Dec 31, 2023
Net annual income (TTM): -$1.48M as of Dec 31, 2023
Free cash flow (TTM): -$0.54M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 26,023,896 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization