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Gluten Free Nation

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uuid00q3mqk

Namestring
Gluten Free Nation
Legal namestring
Gluten Free Nation
Company typeenum
Private
Founded yearint
2011
Descriptiontext

Gluten Free Nation is a Houston, Texas-based commercial bakery founded in 2011 that produces premium, small-batch gluten-free baked goods — specifically bread, muffins, and cookies — for health-conscious consumers including those with celiac disease or gluten sensitivity. The company distributes through major U.S. retail grocery chains (Walmart.com, Kroger, Albertsons, Safeway) and foodservice operators, reaching customers across 49 states. Its product portfolio is anchored by gluten-free bread, gluten-free muffins, and gluten-free cookies sold under the Gluten Free Nation brand.

The company is asset-light: it does not own manufacturing facilities, instead relying on third-party production while retaining proprietary recipes, customer relationships, and supplier agreements as its core operating assets. Founder Randi Markowitz built the business to roughly $1M–$5M in annual revenue prior to its acquisition by Eshbal Functional Food Inc. (TSXV: ESBL), a Canadian publicly-traded functional food company, through a February 2026 transaction valued at US$736,424.58 (cash plus shares) plus earnouts tied to $2M and $3M revenue milestones. The deal structure treats Gluten Free Nation as a brand-and-distribution platform rather than a manufacturing operation, and excludes any physical production assets.

Under Eshbal ownership, Gluten Free Nation is positioned as part of the parent's North American roll-up of artisanal gluten-free brands, with stated plans to expand across retail, foodservice, and online channels. The business model is straightforward wholesale distribution of branded gluten-free SKUs through established enterprise retail and foodservice partners, with no disclosed pricing model, subscription, or licensing component.

Short descriptiontext

Gluten Free Nation is a Houston-based small-batch gluten-free bakery producing premium bread, muffins, and cookies for distribution through major U.S. retail chains and foodservice channels across 49 states, now operating as a subsidiary of Eshbal Functional Food Inc.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersHouston, United States
HQ citystring
Houston
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
gluten-free bakery, gluten-free baked goods, specialty food manufacturing, commercial bakery products, artisanal gluten-free bread
Industry3 codes
1Specialty Bakery Manufacturing (Gluten-Free, Artisan, Health-Focused)
CodeAFAKAAAGPrimaryYes
2Gluten-Free & Specialty Grain-Based Foods Manufacturing (GF pasta/cereals, ancient grains)
CodeAFAKABAKPrimaryNo
3Gluten-Free & Allergen-Friendly Bakery Wholesale
CodeAFAIAFAFPrimaryNo
NAICS code1 code
  • Retail Bakeries311811
SIC code1 code
  • Bakery Products2050
Product category
Gluten-Free Bakery Products
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Gluten-free baked goods sales
TypeOne Time License
Description

Revenue generated from the sale of premium gluten-free baked goods including bread, muffins, and cookies through retail and foodservice distribution channels.

foodbusinessnews.net
Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Marketing or Sales, Personnel, Infrastructure
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Gluten Free Nation is a Houston-based commercial bakery that produces premium, small-batch gluten-free baked goods including bread, muffins, and cookies. The company distributes its products through major U.S. retail chains (Walmart.com, Kroger, Albertsons, Safeway) and foodservice channels, reaching consumers across 49 states. In February 2026, the business was acquired by Eshbal Functional Food Inc. and continues to operate as part of Eshbal's expanding gluten-free product portfolio in North America.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Acquisition by Eshbal Functional Food for $736,424.58 in February 2026, validating the company's market position and growth potential
Product overview1 text field

Gluten Free Nation is a premium gluten-free baked goods producer offering a portfolio of gluten-free bread, muffins, and cookies. The company operates from 49 states in the U.S. and distributes through retail and foodservice channels including Walmart.com, Kroger, Albertsons, and Safeway. The business was acquired by Eshbal Functional Food Inc. in February 2026 as part of Eshbal's strategy to expand its gluten-free and low-carb product portfolio in the North American market. The acquisition included recipes, customers, and suppliers but no manufacturing facilities.

Product and service1 record
1Gluten-Free Bread
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
1Starcall Broadcasting LLC
Strategic tierCoreTypeOthersAnnounced on2026-02-04
Description

Starcall Broadcasting LLC was the operator of Gluten Free Nation prior to acquisition. The transaction was structured through a bill of sale and assignment agreement with Starcall Broadcasting LLC and Eshbal USA Inc. The deal included milestone payments tied to revenue targets that would result in Starcall receiving cash instead of share issuance if certain conditions would cause Starcall to own 10% or more of Eshbal's voting securities.

sec.gov
Strategic tierMinorTypeOthers
Description

As part of the acquisition by Eshbal Functional Food Inc., Gluten Free Nation's supplier relationships were included as acquired assets, enabling continuity in the supply chain for gluten-free baked goods production.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Canyon Bakehouse is one of the leading U.S. gluten-free bread brands, acquired by McCain Foods. It competes head-to-head with GFN in the gluten-free bread category across mainstream grocery shelves.

TypeDirect peer
Description

Schar is a leading European gluten-free food manufacturer with significant U.S. distribution across bread, pasta, and baked goods categories. Directly competes with GFN in gluten-free retail aisles.

TypeDirect peer
Description

Udi's is a major gluten-free baked goods brand owned by Conagra Brands, offering breads, buns, muffins, cookies, and pizza crusts across U.S. retail and foodservice — directly overlapping GFN's product mix and channels.

TypeDirect peer
Description

Simple Mills is a premium, better-for-you baked goods and snack brand with a strong gluten-free positioning. It sells crackers, cookies, and baking mixes through major U.S. grocery and natural channels — a comparable premium-positioned competitor to GFN.

TypeBroad incumbent
Description

King Arthur is a broad premium baking brand (flours, mixes, baked goods) with a meaningful gluten-free product line. While not a gluten-free pure-play, it competes for shelf space and consumer spend in adjacent categories.

TypeOthers
Description

Eshbal is the parent company that acquired GFN in February 2026 and is consolidating artisanal gluten-free brands in North America. Relevant as the corporate owner and roll-up platform for GFN.

TypeDirect peer
Description

Three Bakers is a gluten-free bread and snack manufacturer focused on whole-grain, allergy-friendly baked goods distributed through U.S. retail and foodservice — closely comparable in scale and product positioning to GFN.

TypeBroad incumbent
Description

Bob's Red Mill is a broad natural foods brand with a large gluten-free portfolio of flours, mixes, and baking ingredients sold through grocery and natural channels. Overlaps with GFN on the consumer side of gluten-free baking.

TypeDirect peer
Description

Base Culture makes grain-free, gluten-free, and paleo baked goods (breads, wraps, cookies) sold in major U.S. retailers. Direct competitor in the premium allergen-friendly baked goods segment.

TypeDirect peer
Description

Little Northern Bakehouse produces gluten-free and plant-based breads and buns distributed across U.S. natural and conventional grocery channels. Closely comparable product line and channel mix to GFN.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Gluten Free Nation

Gluten-Free Bakery Productsglutenfreenation.com

Gluten Free Nation is a Houston-based small-batch gluten-free bakery producing premium bread, muffins, and cookies for distribution through major U.S. retail chains and foodservice channels across 49 states, now operating as a subsidiary of Eshbal Functional Food Inc.

What Gluten Free Nation does

Gluten Free Nation is a Houston, Texas-based commercial bakery founded in 2011 that produces premium, small-batch gluten-free baked goods — specifically bread, muffins, and cookies — for health-conscious consumers including those with celiac disease or gluten sensitivity. The company distributes through major U.S. retail grocery chains (Walmart.com, Kroger, Albertsons, Safeway) and foodservice operators, reaching customers across 49 states. Its product portfolio is anchored by gluten-free bread, gluten-free muffins, and gluten-free cookies sold under the Gluten Free Nation brand.

The company is asset-light: it does not own manufacturing facilities, instead relying on third-party production while retaining proprietary recipes, customer relationships, and supplier agreements as its core operating assets. Founder Randi Markowitz built the business to roughly $1M–$5M in annual revenue prior to its acquisition by Eshbal Functional Food Inc. (TSXV: ESBL), a Canadian publicly-traded functional food company, through a February 2026 transaction valued at US$736,424.58 (cash plus shares) plus earnouts tied to $2M and $3M revenue milestones. The deal structure treats Gluten Free Nation as a brand-and-distribution platform rather than a manufacturing operation, and excludes any physical production assets.

Under Eshbal ownership, Gluten Free Nation is positioned as part of the parent's North American roll-up of artisanal gluten-free brands, with stated plans to expand across retail, foodservice, and online channels. The business model is straightforward wholesale distribution of branded gluten-free SKUs through established enterprise retail and foodservice partners, with no disclosed pricing model, subscription, or licensing component.

Gluten Free Nation firmographics

Firmographics
Name
Gluten Free Nation
Legal name
Gluten Free Nation
Website
https://glutenfreenation.com
Company type
Private
Founded year
2011
Operating status
Acquired
Headcount range
1–10 employees
Short description
Gluten Free Nation is a Houston-based small-batch gluten-free bakery producing premium bread, muffins, and cookies for distribution through major U.S. retail chains and foodservice channels across 49 states, now operating as a subsidiary of Eshbal Functional Food Inc.
Ownership category
akta.pro rank

Gluten Free Nation industry classification

Industry
Product category
Gluten-Free Bakery Products
NAICS
Retail Bakeries (311811)
SIC
Bakery Products (2050)
akta.pro primary industry
Specialty Bakery Manufacturing (Gluten-Free, Artisan, Health-Focused) (AFAKAAAG)
akta.pro secondary industries
Gluten-Free & Specialty Grain-Based Foods Manufacturing (GF pasta/cereals, ancient grains) (AFAKABAK), Gluten-Free & Allergen-Friendly Bakery Wholesale (AFAIAFAF)

Keywords

  • Gluten-free bakery
  • Gluten-free baked goods
  • Specialty food manufacturing
  • Commercial bakery products
  • Artisanal gluten-free bread

Where Gluten Free Nation is headquartered

Location

Headquarters

HQ city
Houston
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Gluten Free Nation business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

  1. Gluten-free baked goods sales: Revenue generated from the sale of premium gluten-free baked goods including bread, muffins, and cookies through retail and foodservice distribution channels.

Go-to-market motion1 record

Distribution channels5 records

Gluten Free Nation product offering

Product offering

Core offering

Gluten Free Nation is a Houston-based commercial bakery that produces premium, small-batch gluten-free baked goods including bread, muffins, and cookies. The company distributes its products through major U.S. retail chains (Walmart.com, Kroger, Albertsons, Safeway) and foodservice channels, reaching consumers across 49 states. In February 2026, the business was acquired by Eshbal Functional Food Inc. and continues to operate as part of Eshbal's expanding gluten-free product portfolio in North America.

Product overview

Gluten Free Nation is a premium gluten-free baked goods producer offering a portfolio of gluten-free bread, muffins, and cookies. The company operates from 49 states in the U.S. and distributes through retail and foodservice channels including Walmart.com, Kroger, Albertsons, and Safeway. The business was acquired by Eshbal Functional Food Inc. in February 2026 as part of Eshbal's strategy to expand its gluten-free and low-carb product portfolio in the North American market. The acquisition included recipes, customers, and suppliers but no manufacturing facilities.

Differentiator

Problem solved

Functional benefit

Products and services

  • Gluten-Free Bread

Quantifiable outcome

  • Acquisition by Eshbal Functional Food for $736,424.58 in February 2026, validating the company's market position and growth potential

Companies that use Gluten Free Nation

Customer profile

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Gluten Free Nation technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Gluten Free Nation partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and minor.

  • Starcall Broadcasting LLCcoreOthers · 4 February 2026Starcall Broadcasting LLC was the operator of Gluten Free Nation prior to acquisition. The transaction was structured through a bill of sale and assignment agreement with Starcall Broadcasting LLC and Eshbal USA Inc. The deal included milestone payments tied to revenue targets that would result in Starcall receiving cash instead of share issuance if certain conditions would cause Starcall to own 10% or more of Eshbal's voting securities.
  • Suppliers (acquired assets)minorOthersAs part of the acquisition by Eshbal Functional Food Inc., Gluten Free Nation's supplier relationships were included as acquired assets, enabling continuity in the supply chain for gluten-free baked goods production.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Gluten Free Nation competitors and assessment

Company assessment

Direct peers

  • Canyon Bakehouse: Canyon Bakehouse is one of the leading U.S. gluten-free bread brands, acquired by McCain Foods. It competes head-to-head with GFN in the gluten-free bread category across mainstream grocery shelves.
  • Dr. Schär (Schar): Schar is a leading European gluten-free food manufacturer with significant U.S. distribution across bread, pasta, and baked goods categories. Directly competes with GFN in gluten-free retail aisles.
  • Udi's Gluten Free: Udi's is a major gluten-free baked goods brand owned by Conagra Brands, offering breads, buns, muffins, cookies, and pizza crusts across U.S. retail and foodservice — directly overlapping GFN's product mix and channels.
  • Simple Mills: Simple Mills is a premium, better-for-you baked goods and snack brand with a strong gluten-free positioning. It sells crackers, cookies, and baking mixes through major U.S. grocery and natural channels — a comparable premium-positioned competitor to GFN.
  • Three Bakers: Three Bakers is a gluten-free bread and snack manufacturer focused on whole-grain, allergy-friendly baked goods distributed through U.S. retail and foodservice — closely comparable in scale and product positioning to GFN.
  • Base Culture: Base Culture makes grain-free, gluten-free, and paleo baked goods (breads, wraps, cookies) sold in major U.S. retailers. Direct competitor in the premium allergen-friendly baked goods segment.
  • Little Northern Bakehouse: Little Northern Bakehouse produces gluten-free and plant-based breads and buns distributed across U.S. natural and conventional grocery channels. Closely comparable product line and channel mix to GFN.

Broad incumbents

  • King Arthur Baking Company: King Arthur is a broad premium baking brand (flours, mixes, baked goods) with a meaningful gluten-free product line. While not a gluten-free pure-play, it competes for shelf space and consumer spend in adjacent categories.
  • Bob's Red Mill: Bob's Red Mill is a broad natural foods brand with a large gluten-free portfolio of flours, mixes, and baking ingredients sold through grocery and natural channels. Overlaps with GFN on the consumer side of gluten-free baking.

Others

  • Eshbal Functional Food: Eshbal is the parent company that acquired GFN in February 2026 and is consolidating artisanal gluten-free brands in North America. Relevant as the corporate owner and roll-up platform for GFN.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Gluten Free Nation social profiles

Digital presence

Gluten Free Nation financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Gluten Free Nation leadership team

Management profile

Number of profiles

Gluten Free Nation funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Gluten Free Nation M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gluten Free Nation

What does Gluten Free Nation do?

Gluten Free Nation is a Houston-based commercial bakery that produces premium, small-batch gluten-free baked goods including bread, muffins, and cookies. The company distributes its products through major U.S. retail chains (Walmart.com, Kroger, Albertsons, Safeway) and foodservice channels, reaching consumers across 49 states. In February 2026, the business was acquired by Eshbal Functional Food Inc. and continues to operate as part of Eshbal's expanding gluten-free product portfolio in North America.

Is Gluten Free Nation a public or private company?

Gluten Free Nation is a private company. It is classified as corporate owned and is currently acquired.

When was Gluten Free Nation founded?

Gluten Free Nation was founded in 2011. It employs 1 to 10 people.

Where is Gluten Free Nation based?

Gluten Free Nation is headquartered in Houston, United States, in the North America region.

How does Gluten Free Nation make money?

One revenue line is on record: gluten-free baked goods sales.

Who are Gluten Free Nation's main competitors?

Direct peers on record are Canyon Bakehouse, Dr. Schär (Schar), Udi's Gluten Free, Simple Mills, Three Bakers, Base Culture and Little Northern Bakehouse. Broad incumbents are King Arthur Baking Company and Bob's Red Mill. Eshbal Functional Food is listed as an others.

Does Gluten Free Nation have an API?

No public API is recorded for Gluten Free Nation.

What industry is Gluten Free Nation in?

Gluten Free Nation's product category is Gluten-Free Bakery Products. Its primary akta.pro industry code is AFAKAAAG, Specialty Bakery Manufacturing (Gluten-Free, Artisan, Health-Focused), with a secondary code of AFAKABAK, Gluten-Free & Specialty Grain-Based Foods Manufacturing (GF pasta/cereals, ancient grains). Its NAICS code is 311811 and its SIC code is 2050.

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Live signals
PR NewswireEshbal Reports 2025 Results with Revenue Growth and Margin ImprovementEshbal Functional Food Inc. reported revenues of US$13.8 million for 2025, representing a 20% increase from $11.4 million in 2024, with gross margin improving to 25.4% from 22.7%. The company reported a net loss of $2.9 million, driven primarily by one-time listing expenses from a reverse takeover completed in April 2025. The company also disclosed terms for its Gluten Free Nation acquisition, including a cash payment mechanism to Starcall Broadcasting LLC in lieu of share issuance if certain milestone conditions would cause Starcall to own 10% or more of Eshbal's voting securities.SecSEC FORM DEshbal Functional Food Inc. filed a Form D notice with the SEC on March 29, 2026, disclosing an exempt offering of securities valued at $1,040,000 USD, with the first sale occurring on February 4, 2026. The offering was issued in connection with business combination transactions, specifically the acquisition of Gluten Free Nation and a 55% interest in Dare To Be Different Foods, Inc., a U.S.-based company. The securities consist of 7,446,154 common shares issued at deemed prices of $0.13/share and $0.21/share.PR NewswireEshbal Launches Local Production of Its Gluten-Free Pita in North America - First Shipment Already SoldEshbal Functional Food Inc. announced the completion of its first North American production run of gluten-free pita bread in February 2026, manufactured in partnership with Queen Street Bakery, marking the company's establishment of local manufacturing capabilities on the continent. Most of the initial production batch has already been sold to a foodservice customer in Northern California, providing early indication of market interest in the premium gluten-free product. The company plans additional production cycles in the coming weeks and aims to distribute its expanded brand portfolio—including Barili, Dare to Be Different Foods, and Gluten Free Nation—across retail, foodservice, and online channels in North America.NewswireEshbal Strengthens North American Team with Appointment of VP Online & Business OperationsEshbal Functional Food Inc. (TSXV: ESBL) announced the appointment of Natalie Ben-Zur as Vice President, Online & Business Operations for North America, effective March 5, 2026. The appointment is part of the company's strategy to expand its portfolio of gluten-free and health-oriented food brands, including Barilli, Dare to be different, and Gluten Free Nation, across retail, foodservice, and online channels in North America. Natalie Ben-Zur brings experience in scaling high-growth companies and leading digital transformation initiatives, having previously held senior leadership roles including at Beyond The Rack.Food Business NewsEshbal changes course, buys Gluten Free NationEshbal Functional Food Inc. has acquired Houston-based Gluten Free Nation for approximately $736,000, reversing its earlier September 2025 decision to end pursuit of the company after failed negotiations following a letter of intent signed in July 2025. Gluten Free Nation, operating from 49 states and selling through retail and foodservice channels including Walmart.com, Kroger, Albertsons and Safeway, specializes in gluten-free baked goods including bread, muffins and cookies. The Israel-based company, which went public on the TSX Venture Exchange in April 2025, expects the acquisition to expand its product roster in North America and create commercial synergies through Gluten Free Nation's existing sales and distribution channels.YahooEshbal inks US deal for Gluten Free Nation assets on second attemptIsraeli company Eshbal Functional Foods has completed the acquisition of assets from US-based Gluten Free Nation on its second attempt, after a previous deal fell through last year. The transaction is valued at $736,425, comprising $236,425 in cash and the remainder in new Eshbal shares, with the assets including recipes, customers, and suppliers but no manufacturing facilities. The deal, which requires TSX Venture Exchange clearance, is part of Eshbal's strategy to expand its gluten-free and low-carb portfolio in the North American market.Just FoodEshbal inks US deal for Gluten Free Nation assets on second attemptIsrael's Eshbal Functional Foods has acquired the assets of US-based Gluten Free Nation for $736,425 through a combination of cash and new shares, on its second attempt after a previous deal fell through last year. The transaction includes recipes, customers, and suppliers but excludes manufacturing facilities, and requires clearance from the TSX Venture Exchange in Canada. The acquisition sits under Eshbal's US subsidiary as part of the company's broader strategy to expand its gluten-free and low-carb product portfolio in the North American market.National TodayEshbal Acquires Gluten Free NationEshbal Functional Food Inc., a Canadian food-tech company, has acquired the business of Houston-based Gluten Free Nation through its subsidiary Eshbal USA Inc. for total consideration of $736,424.58, consisting of $236,424.58 in cash and $500,000 in common shares. The acquisition, announced February 6, 2026, includes potential milestone payments tied to revenue targets for 2026 and 2027, and aligns with Eshbal's strategy to consolidate companies in the artisanal gluten-free market. The transaction is subject to approval by the TSX Venture Exchange, after which integration of GFN's operations and product portfolio will begin.MarketScreenerEshbal Functional Food Buys Houston-Based Gluten Free Nation for US$0.74 MillionEshbal Functional Food Inc. has acquired the Houston-based company Gluten Free Nation for US$0.74 million. The transaction involves Eshbal as the acquiring entity and Gluten Free Nation as the target. Hakken Capital Corp. is mentioned in the text but appears to be unrelated boilerplate content.Longbridge USEshbal Functional Food Acquires Gluten Free Nation for $736,000 in Cash and SharesEshbal Functional Food Inc. has acquired the business of Gluten Free Nation (GFN), a Houston-based producer of premium gluten-free baked goods, through a bill of sale and assignment agreement with Starcall Broadcasting LLC (GFN's operator) and Eshbal USA Inc. The total acquisition cost was US$736,424.58, split between US$236,424.58 in cash and US$500,000 paid via the issuance of 3,846,154 common shares of Eshbal at a deemed price of US$0.13 per share. The transaction represents a strategic expansion for Eshbal into the premium gluten-free baked goods market.