UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

Mark One)
[x]      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                  For the quarterly period ended: March 31, 2004

[ ]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                        For the transition period from To

                         Commission file number 0-27737

                          Canglobe International, Inc.
        (Exact name of small business issuer as specified in its charter)

              Nevada                                      77-0454856
------------------------------------        ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
Incorporation or organization)

             #206, 10458 Mayfield Road, Edmonton, AB, Canada T5P 4P4
                    (Address of Principal Executive Offices)

                                 (780) 444-7133
                          (Issuer's telephone number)

                      APPLICABLE ONLY TO CORPORATE ISSUERS

         State the number of shares  outstanding of each of the issuer's classes
of common equity, as of the latest practical date: April 16, 2004 3,050,577

         Transitional  Small Business  Disclosure Format (check one). Yes ; No X






<PAGE>



                                     PART I

Item 1.  Financial Statements

                          CANGLOBE INTERNATIONAL, INC.
                          (A Development Stage Company)
                                 BALANCE SHEETS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                         March 31,         December 31,
                                                                           2004                2003
                                                                     -----------------  ------------------
Assets:
<S>                                                                  <C>                <C>
   Cash and cash equivalents                                         $               -  $                -
                                                                     -----------------  ------------------
      Total Current Assets                                                           -                   -
                                                                     -----------------  ------------------

Property and Equipment:
   Computer equipment                                                            4,664               4,664
   Furniture and equipment                                                         417                 417
                                                                     -----------------  ------------------
                                                                                 5,081               5,081
   Less accumulated depreciation                                                (5,081)             (5,081)
                                                                     -----------------  ------------------
      Net Property and Equipment                                                     -                   -
                                                                     -----------------  ------------------

      Total Assets                                                   $               -  $                -
                                                                     =================  ==================

Liabilities and Shareholders' Equity
Liabilities:
   Accounts payable and accrued liabilities                          $          33,314  $           25,626
                                                                     -----------------  ------------------
      Total current liabilities                                                 33,314              25,626
   Due to shareholders                                                           5,960               2,537
                                                                     -----------------  ------------------
      Total liabilities                                                         39,274              28,163
                                                                     -----------------  ------------------

Stockholders' Equity:
  Common Stock, Par value $.001, Authorized
    100,000,000 shares, Issued 3,050,577
    at March 31, 2004 and December 31, 2003                                      3,051               3,051
  Paid-In Capital                                                              523,648             523,648
  Retained Deficit                                                            (273,432)           (273,432)
  Deficit Accumulated During the
     Development Stage                                                        (292,541)           (281,430)
                                                                     -----------------  ------------------
     Total Stockholders' Equity                                                (39,274)            (28,163)
                                                                     -----------------  ------------------

       Total Liabilities and Stockholders' Equity                    $               -  $                -
                                                                     =================  ==================
</TABLE>

   The accompanying notes are an integral part of these financial statements.


<PAGE>



                          CANGLOBE INTERNATIONAL, INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                                                                     Cumulative
                                                                                                       Since
                                                                                                    December 1,
                                                                                                        2001
                                                                For the Three Months Ended          Inception of
                                                                        March 31,                   Development
                                                          --------------------------------------
                                                                 2004               2003               Stage
                                                          ------------------ ------------------- ------------------
<S>                                                       <C>                <C>                 <C>
Revenues                                                  $                - $                 - $                -
                                                          ------------------ ------------------- ------------------

Expenses:
   General and administrative                                         11,083               7,691            292,513
                                                          ------------------ ------------------- ------------------
      Total expenses                                                  11,083               7,691            292,513
                                                          ------------------ ------------------- ------------------

     Operating  Loss                                                 (11,083)             (7,691)          (292,513)

Other Expense:
    Interest Expense                                                     (28)                  -                (28)
                                                          ------------------ ------------------- ------------------

    Total Other Expense                                                  (28)                  -                (28)
                                                          ------------------ ------------------- ------------------

     Net Loss                                                        (11,111)             (7,691)          (292,541)
                                                          ================== =================== ==================

Earnings per Share, Basic & Diluted
Loss Per Share                                            $                - $                 -
                                                          ================== ===================

Weighted Average Shares Outstanding                                3,050,577           2,350,007
                                                          ================== ===================
</TABLE>











   The accompanying notes are an integral part of these financial statements.


<PAGE>



                          CANGLOBE INTERNATIONAL, INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                                     Cumulative
                                                                                                       Since
                                                                                                    December 1,
                                                                                                        2001
                                                                 For the Three Months Ended         Inception of
                                                                          March 31,                 Development
                                                             -----------------------------------
                                                                   2004               2003             Stage
                                                             -----------------  ---------------- ------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
                                                             -----------------  ---------------- ------------------
<S>                                                          <C>                <C>              <C>
Net Loss for the Period                                      $         (11,111) $         (7,691)$         (292,541)
Adjustments to reconcile net loss to net cash
  provided by operating activities:
     Depreciation and amortization                                           -                 -              3,088
     Common Stock Issued for Services                                        -                 -            226,259
Changes in Operating Assets and Liabilities
     Increase (Decrease) in Accounts Payable                             7,688             1,995             15,915
                                                             -----------------  ---------------- ------------------
Net Cash Used in operating activities                                   (3,423)           (5,696)           (47,279)
                                                             -----------------  ---------------- ------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Purchase of property and equipment                                      -                 -                  -
                                                             -----------------  ---------------- ------------------
Net cash provided by investing activities                                    -                 -                  -
                                                             -----------------  ---------------- ------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Proceeds from shareholders                                          3,423             5,696             46,538
                                                             -----------------  ---------------- ------------------
Net Cash Provided by Financing Activities                                3,423             5,696             46,538
                                                             -----------------  ---------------- ------------------

Net (Decrease) Increase in Cash                                              -                 -               (741)
Cash at Beginning of Period                                                  -                 -                741
                                                             -----------------  ---------------- ------------------
Cash at End of Period                                        $               -  $              - $                -
                                                             =================  ================ ==================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
  Interest                                                   $               -  $              - $                -
  Franchise and income taxes                                 $               -  $              - $                -


SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES:
Note Payable Converted to Stock                              $        280,228  $               - $          280,228
</TABLE>



   The accompanying notes are an integral part of these financial statements.


<PAGE>



                          CANGLOBE INTERNATIONAL, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN

         The accompanying  financial  statements have been prepared on the basis
of accounting principles applicable to a "going concern",  which assume that the
Company  will  continue in  operation  for at least one year and will be able to
realize  its assets  and  discharge  its  liabilities  in the  normal  course of
operations.

         Several conditions and events cast doubt about the Company's ability to
continue  as  a  "going  concern".  The  Company  has  incurred  net  losses  of
approximately  $566,000 for the period from April 7, 1997  (inception)  to March
31, 2004, has a liquidity problem, and requires additional financing in order to
finance its business  activities  on an ongoing  basis.  The Company is actively
pursuing  alternative  financing  and has had  discussions  with  various  third
parties, although no firm commitments have been obtained.

         The  Company's  ability  to survive  will  depend on  numerous  factors
including,  but not  limited to, the  Company's  receiving  continued  financial
support, completing public equity financing, or generating profitable operations
in the future.

         These  financial  statements do not reflect  adjustments  that would be
necessary  if the Company  were unable to continue as a "going  concern".  While
management believes that the actions already taken or planned, will mitigate the
adverse conditions and events which raise doubt about the validity of the "going
concern" assumption used in preparing these financial  statements,  there can be
no assurance that these actions will be successful.

         If the  Company  were unable to  continue  as a "going  concern",  then
substantial adjustments would be necessary to the carrying values of assets, the
reported amounts of its liabilities, the reported revenues and expenses, and the
balance sheet classifications used.

NOTE 2 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         This summary of accounting policies for Canglobe International, Inc. is
presented to assist in understanding  the Company's  financial  statements.  The
accounting policies conform to generally accepted accounting principles and have
been consistently applied in the preparation of the financial statements.

Interim Financial Statements

         The  unaudited  financial  statements  as of March 31, 2004 and for the
three months then ended, reflect, in the opinion of management,  all adjustments
(which include only normal recurring  adjustments) necessary to fairly state the
financial  position and results of operations  for the three  months.  Operating
results for interim periods are not necessarily  indicative of the results which
can be expected for full years.



<PAGE>



                          CANGLOBE INTERNATIONAL, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 2 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Organization and Basis of Presentation

         The Company was  incorporated  under the laws of the State of Nevada on
April 7, 1997.  The Company  ceased all operating  activities  during the period
from April 7, 1997 to July 9, 1999 and was considered  dormant. On July 9, 1999,
the Company  obtained a Certificate of renewal from the State of Nevada.  During
2000,  the Company  developed  an Internet  website  which  provided  community,
content  and  commerce  for the  sportbike  and  motorcycle  enthusiast.  During
November  2001, the Company  abandoned the internet  business and since December
2001, the Company is in the  development  stage,  and has not commenced  planned
principal  operations.  On March 19, 2002,  the Company's  name was changed from
eSportbike.com,  Inc. to Red Butte Energy, Inc. On January 16, 2003, the Company
changed its name to Canglobe International, Inc.

Nature of Business

         The company has no  products  or  services  as of March 31,  2004.  The
Company  has been  pursuing  opportunities  in the  tire  recycling  and  rubber
reclamation industry,  based upon licensed technology available from its largest
shareholder,  Canglobe  Development,  Inc.  Canglobe  Development has a patented
process of devulcanizing rubber and reactivating the crumb rubber resulting from
the majority of tire shredding activities.

Cash and Cash Equivalents

         For purposes of the statement of cash flows, the Company  considers all
highly liquid debt instruments purchased with a maturity of three months or less
to be cash equivalents to the extent the funds are not being held for investment
purposes.

Pervasiveness of Estimates

         The  preparation of financial  statements in conformity  with generally
accepted  accounting  principles  required  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from those estimates.






<PAGE>



                          CANGLOBE INTERNATIONAL, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 2 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Loss per Share

         Basic loss per share has been  computed  by  dividing  the loss for the
year  applicable to the common  stockholders  by the weighted  average number of
common  shares  outstanding  during the years.  There were no common  equivalent
shares outstanding at March 31, 2004 and 2003.

Foreign Currency Translation

         The Company's primary functional currency is the U.S. dollar.  Monetary
assets and liabilities  resulting from  transactions  with foreign suppliers and
customers  are  translated  at year end exchange  rates while income and expense
accounts are  translated at average  rates in effect during the year.  Gains and
losses on translations are included in income.

Reclassifications

         Certain   reclassifications  have  been  made  in  the  2003  financial
statements to conform with the 2004 presentation.

Advertising Expense

         Advertising costs are expensed when the services are provided.

Income Taxes

         The  Company  has a net  operating  loss for income  taxes.  Due to the
regulatory  limitations  in  utilizing  the loss,  it is  uncertain  whether the
Company  will be able to  realize a benefit  from  these  losses.  Therefore,  a
deferred  tax  asset  has  not  been  recorded.  There  are no  significant  tax
differences requiring deferral.

Concentrations of Credit Risk

         The  Company has no  significant  off-balance-sheet  concentrations  of
credit  risk such as foreign  exchange  contracts,  options  contracts  or other
foreign hedging arrangements.






<PAGE>



                          CANGLOBE INTERNATIONAL, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 2 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Depreciation

         Fixed  assets  are stated at cost.  Depreciation  and  amortization  is
calculated  on a  straight-line  basis over the  estimated  useful  lives of the
assets as follows:


                     Asset                              Rate
------------------------------------------------  -----------------

Computer equipment                                          3 years
Furniture and equipment                                     5 years

         Maintenance  and  repairs are charged to  operations;  betterments  are
capitalized.  The  cost  of  property  sold  or  otherwise  disposed  of and the
accumulated  depreciation  thereon are eliminated  from the property and related
accumulated depreciation accounts, and any resulting gain or loss is credited or
charged to income.

NOTE 3 - COMMITMENTS

         As of March 31, 2004, all activities of the Company have been conducted
by corporate  officers from either their homes or business  offices.  Currently,
there  are no  outstanding  debts  owed by the  company  for  the  use of  these
facilities and there are no commitments for future use of the facilities.

NOTE 4 - SHAREHOLDER ADVANCES

         Shareholders of the Company have advanced the Company money in order to
pay general and administrative  expenses.  As of March 31, 2004 and December 31,
2003, the Company owed $5,960 and $2,537 respectively, relating to these notes.

NOTE 5 - STOCK SPLIT

         On May 6,  1999,  the Board of  Directors  authorized  1,000 to 1 stock
split, changed the authorized number of shares to 100,000,000 shares and the par
value to $.001 for the Company's common stock. As a result of the split, 999,000
shares were issued.

         On February 23, 2000, the Board of Directors  authorized the acceptance
of 800,000  shares of restricted  common stock returned to the Company by and on
behalf of Mr. Daniel L. Hodges,



<PAGE>



                          CANGLOBE INTERNATIONAL, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 5 - STOCK SPLIT (Continued)

formerly the sole Officer and Director of the Company.  The 800,000  shares were
canceled  immediately  upon  receipt.  Also on  February  23,  2000 the Board of
Directors  authorized  a 27 to 1 stock  split.  As a result  of this  split  the
Company issued 5,200,000 shares of common stock.

         On March 19, 2002,  the Board of  Directors  approved a 1 for 8 reverse
stock split.  All  references in the  accompanying  financial  statements to the
number of common shares and per-share  amounts have been restated to reflect the
stock split and cancellation of shares.

NOTE 6 - COMMON STOCK TRANSACTIONS

         On June 24, 2002, the Company issued 300,000 shares of common stock for
$198,000 in consulting services to be performed over a six month period.

         On October 31, 2003,  the board of directors  approved a debt to equity
transaction,  where  $280,228  in debt was  converted  into  700,570  shares  of
restricted common stock.

























<PAGE>



Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

         The  following  information  should  be read in  conjunction  with  the
information in Item 7, Financial Statements, and other information regarding our
financials  performance for the period covered by this report included elsewhere
in this report.  The  following  discussions  and other parts of this report may
contain  forward-looking  statements that involve risks and  uncertainties.  Our
actual  results may differ  significantly  from the results  discussed  in those
forward-looking  statements.  Factors that might cause such differences include,
but are not limited to, our history of  unprofitability  and the  uncertainty of
our  profitability,  our  ability to develop  and  introduce  new  services  and
products,  the  uncertainty of market  acceptance of those services or products,
our  potential  reliance  on  collaborative  partners,  our  limited  sales  and
marketing experience,  the highly competitive industries in which we operate and
general economic and business conditions, some or all of which may be beyond our
ability to control.

Plan of Operations

         The  Company  was  organized  for the  purpose of  creating a corporate
vehicle to seek,  investigate and, if such  investigation  warrants,  acquire an
interest in one or more  business  opportunities  presented  to it by persons or
firms who or which  desire  to seek  perceived  advantages  of a  publicly  held
corporation.

         The  Company  may  incur   significant   post-merger   or   acquisition
registration costs in the event management wishes to register a portion of their
shares for subsequent  sale. The Company will also incur  significant  legal and
accounting  costs in  connection  with the  acquisition  including  the costs of
preparing post- effective amendments,  Forms 8-K, agreements and related reports
and documents.

         The Company will not have sufficient  funds (unless it is able to raise
funds  in  a  private  placement)  to  undertake  any  significant  development,
marketing and manufacturing of the products acquired. Accordingly, following the
acquisition,  the Company  will, in all  likelihood,  be required to either seek
debt or equity  financing or obtain funding from third parties,  in exchange for
which the  Company  may be  required  to give up a  substantial  portion  of its
interest in the acquired product. There is no assurance that the Company will be
able  either to  obtain  additional  financing  or  interest  third  parties  in
providing  funding for the further  development,  marketing and manufacturing of
any products acquired.

         On March 19, 2002,  the Board of  Directors  approved a 1 for 8 reverse
stock split. As well on the same date the Company changed it's name to Red Butte
Energy,  Inc. On January  16,  2003,  the  Company  changed its name to Canglobe
International, Inc. And the direction the Company is going. The Company will not
proceed with the  development  of any software  business in Asia.  Similarly the
Company has decided not to operate any web based business  related to sportbikes
or any other products. The Company will concentrate on opportunities in the tire
reclamation and rubber recycling industries.




<PAGE>



Results of Operations

         From  April  7,  1997 to July  9,  1999  the  Company  was an  inactive
corporation.  From July 9, 1999 the Company was a development  stage company and
had not begun principal operations.

         For the quarter  ended  March 31,  2004  compared to the same period in
2003 are not necessarily  indicative of the results that may be expected for the
year ended December 31, 2004.

         The Company had no sales and sales  revenues for the three months ended
March 31, 2004 and 2003.

         The Company had no selling and marketing  expenses for the three months
ended March 31, 2004 and 2003. General and administrative  expenses were $11,083
for the three months ended March 31, 2004 and $ 7,691 for the three months ended
March 31, 2003.

         The Company  recorded a net loss of $11,111 for the three  months ended
March 31, 2004 compared to a net loss of $7,691 for the same period in 2003.

Liquidity and Capital Resources

         The Company  requires  working capital  principally to fund its current
operations.  There are no formal commitments from banks or other lending sources
for lines of credit or similar short-term borrowings..

         During the next twelve  months we believe  that our current  cash needs
can be met by loans  from  our  director,  officers  and  stockholders  based on
understandings  we have with these  individuals.  We may repay  these  loans and
advancements on our behalf, or we may convert them into common stock. We do not,
however,  have any  commitments  from any of these  individuals,  in  writing or
otherwise, regarding any loans or advances.

         The Company  expects future  development and expansion will be financed
through cash flow from  operations and other forms of financing such as the sale
of  additional  equity and debt  securities,  capital  leases  and other  credit
facilities.  There are no assurances  that such  financing  will be available on
terms acceptable or favorable to the Company.

Government Regulations

         The Company is subject to all pertinent Federal,  State, and Local laws
governing its business.  The Company is subject to licensing and regulation by a
number of authorities in its Province (State) or municipality. These may include
health, safety, and fire regulations.  The Company's operations are also subject
to  Federal  and State  minimum  wage laws  governing  such  matters  as working
conditions and overtime.





<PAGE>



Item 3. Controls and Procedures

The Company's President has concluded,  based on an evaluation  conducted within
90 days prior to the filing date of this Quarterly  Report on Form 10-QSB,  that
the Company's disclosure controls and procedures have functioned  effectively so
as to provide those officers the information necessary whether:

                  (i) this Quarterly  Report on Form 10-QSB  contains any untrue
                  statement of a material fact or omits to state a material fact
                  necessary  to  make  the  statements  made,  in  light  of the
                  circumstances  under  which such  statements  were  made,  not
                  misleading   with  respect  to  the  period  covered  by  this
                  Quarterly Report on Form 10-QSB, and

                  (ii) the financial statements, and other financial information
                  included  in this  Quarterly  Report  on Form  10-QSB,  fairly
                  present in all  material  respects  the  financial  condition,
                  results of operations and cash flows of the Company as of, and
                  for, the periods  presented in this  Quarterly  Report on Form
                  10-QSB.

         There  have  been no  significant  changes  in the  Company's  internal
controls or in other factors since the date of the  President's  evaluation that
could  significantly  affect these internal  controls,  including any corrective
actions with regards to significant deficiencies and material weaknesses.


                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

None

Item 2.  Changes in Securities

None

Item 3.  Defaults Upon Senior Securities

None

Item 4.  Submission of Matters to a Vote of Security Holders

None

Item 5.  Other Information

None

Item 6.  Exhibits and Reports on Form 8-K


<PAGE>




(a) The following exhibits are included as part of this report:

Exhibit
Number            Title of Document

2.1      Change in Control Agreement dated January 15, 2001 (1)
3.1      Articles of Incorporation (2)
3.2      Amended Articles of Incorporation (2)
3.3      Bylaws (2)
31.1     Certification  Pursuant  to Section  302 of the  Sarbanes-Oxley  Act of
         2002.
31.2     Certification  Pursuant  to Section  302 of the  Sarbanes-Oxley  Act of
         2002.
32.1     Certification  Pursuant  to Section  906 of the  Sarbanes-Oxley  Act of
         2002.
32.2     Certification  Pursuant  to Section  906 of the  Sarbanes-Oxley  Act of
         2002.


(1)      Incorporated by reference to the Registrant's  quarterly report on Form
         10-QSB filed on May 21, 2001.

(2)      Incorporated by reference to the Registrant's registration statement on
         Form 10-SB filed on October 20, 1999.

         (b) Reports on Form 8-K filed.
                  No reports on Form 8-K were filed during the prior quarter.























<PAGE>






                                   SIGNATURES

         In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the  undersigned,  thereto duly
authorized.

                                           Canglobe International, Inc.


Date: April 16, 2004                           By: /s/ Heinz Leuders
                                               ----------------------------
                                               Heinz Leuders
                                               President and Director
                                              (Principal Executive Officer)



Date: April 20, 2004                           By: /s/ Charles Spooner
                                               ----------------------------
                                               Charles Spooner
                                               Director, Treasurer and Secretary
                                              (Principal Financial Officer)