U.S. 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 quarterly period ended:  March 31, 2005

 [  ]       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.
                 (Name of small business issuer in its charter)

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

            #2440, 10303 Jasper Avenue, Edmonton, AB, Canada T5J 3N6
               (Address of principal executive offices) (Zip code)

Issuer's telephone number:                               (780) 428-6002
                                                         --------------

Check whether the issuer (1) filed all reports  required by Section 13 or 15 (d)
of the  Securities  Exchange  Act of 1934 during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.

Yes  X      No


                      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:  May 12,  2005 -
45,273,030


         Transitional Small Business Disclosure Format (check one): Yes ___ NO X
                                                                               -












<PAGE>





                                TABLE OF CONTENTS
ITEM NUMBER AND
CAPTION
PAGE

PART I.......................................................................3
   ITEM 1. FINANCIAL STATEMENTS..............................................3
   ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS.......13
   ITEM 3. CONTROLS AND PROCEDURES..........................................14
PART II.....................................................................15
   ITEM 1. LEGAL PROCEEDINGS................................................15
   ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS......15
   ITEM 3. DEFAULTS UPON SENIOR SECURITIES..................................15
   ITEM 4. SUBMISSIONS OF MATTERS TO A VOTE OF SECURITY HOLDERS.............15
   ITEM 5. OTHER INFORMATION................................................15
   ITEM 6. EXHIBITS.........................................................15





<PAGE>



                                     PART I

ITEM 1. FINANCIAL STATEMENTS




                          CANGLOBE INTERNATIONAL, INC.

                          (A DEVELOPMENT STAGE COMPANY)





<PAGE>


                          CANGLOBE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

                                                                 (Unaudited)
                                                                  March 31      December 31
-------------------------------------------------------------- ------------------------------------
                                                                      2005              2004
---------------------------------------------------------- --- ------------ ---- ------------
ASSETS
<S>                                                        <C>              <C>
Cash and Cash Equivalents                                  $         8,241  $            - -
---------------------------------------------------------- --- ------------ ---- ------------
Total Current Assets                                                 8,241               - -

Intangible Assets
  Licensing Rights                                                 100,000               - -
  Less Accumulated Amortization                                          -                 -
---------------------------------------------------------- --- ------------ ---- ------------
Total Intangible Assets                                            100,000               - -
---------------------------------------------------------- --- ------------ ---- ------------
TOTAL ASSETS                                               $       108,241  $            - -
========================================================== === ============ ==== ============

LIABILITES AND SHAREHOLDERS EQUITY

Current liabilities
  Accounts payable and accruals                            $        63,590  $        254,110
---------------------------------------------------------- --- ------------ ---- ------------

Total current liabilities                                           63,590           254,110
Due to shareholders                                                198,362            12,994
---------------------------------------------------------- --- ------------ ---- ------------

Total liabilities                                                  261,952           267,104
---------------------------------------------------------- --- ------------ ---- ------------

Minority Interest                                                      350                 -
---------------------------------------------------------- --- ------------ ---- ------------

Shareholders' equity
  Common Stock, par value $.001,
 Authorized : 100,000,000 shares,
    Issued:  45,273,030 at March 31, 2005 and
                 18,303,462 at December 31, 2004
    Par value                                                       45,273            18,303
    Paid-in capital                                                729,284           508,396
    Retained deficit                                             (273,432)         (273,432)
    Deficit accumulated during development stage                 (655,186)         (520,371)
---------------------------------------------------------- --- ------------ ---- ------------
Total shareholders' equity                                       (154,061)         (267,104)
---------------------------------------------------------- --- ------------ ---- ------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
                                                           $       108,241    $          - -
========================================================== === ============ ==== ============
</TABLE>


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



<PAGE>


                          CANGLOBE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                               Since
                                                                                          December 1, 2001
                                                          For the quarter ended             Inception of
                                                                March 31,                   Development
                                                         2005               2004               Stage
------------------------------------------------- ------------------- ------------------ -------------------
<S>                                               <C>                 <C>                <C>
Revenues                                          $              --   $             --   $              --

Expenses:
  General and administrative                                 134,815             11,083             654,933
------------------------------------------------- --- --------------- --- -------------- ---- --------------
Total expenses                                               134,815             11,083             654,933
------------------------------------------------- --- --------------- --- -------------- ---- --------------

Other income (expense)
   Interest expense                                              --                (28)               (253)
------------------------------------------------- --- --------------- --- -------------- ---- --------------

Net loss                                          $        (134,815)  $        (11,111)  $        (655,186)
================================================= === =============== === ============== ==== ==============

Loss per share, basic and diluted                 $           (0.00)  $          (0.00)
================================================= === =============== === ==============

Weighted average shares outstanding                       35,683,850         18,303,462
================================================= === =============== === ==============
</TABLE>








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





<PAGE>


                          CANGLOBE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                SINCE APRIL 7, 1997 (INCEPTION) TO MARCH 31, 2005
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                                  Deficit
                                                                                                accumulated
                                                                                               since April 7,
                                    Common stock                    Paid-in        Retained           1997
                                    Shares        Par value         Capital        Deficit         Inception
----------------------------------- ------------- ------------- --- ----------- -- ------------- ---------------
<S>                                 <C>            <C>           <C>            <C>               <C>
Balance at April 7, 1997
(inception)                                  - -   $       - -   $         - -  $           - -   $         - -
April 18, 1997 stock issuance for
   conversion of debt                    675,000           675           8,537              - -             - -
Net loss - 1997                              - -           - -             - -          (1,100)             - -
----------------------------------- ------------- --- --------- --- ----------- -- ------------- --- -----------
Balance, December 31, 1997               675,000           675           8,537          (1,100)             - -
Retroactive adjustment for 6:1
stock split February 24, 2005          3,375,000         3,375         (3,375)              - -             - -
----------------------------------- ------------- --- --------- --- ----------- -- ------------- --- -----------
Restated balance, December 31,
1997                                   4,050,000         4,050           5,162          (1,100)             - -
Net loss - 1998                              - -           - -             - -            (100)             - -
----------------------------------- ------------- --- --------- --- ----------- -- ------------- --- -----------
Balance, December 31, 1998             4,050,000         4,050           5,162          (1,200)             - -
Net loss - 1999                              - -           - -             - -          (4,086)             - -
----------------------------------- ------------- --- --------- --- ----------- -- ------------- --- -----------
Balance, December 31, 1999             4,050,000         4,050           5,162          (5,286)             - -
March 31, 2000 stock issuance for
   conversion of debt                  8,250,000         8,250           2,750              - -             - -
Net loss - 2000                              - -           - -             - -        (252,026)             - -
----------------------------------- ------------- --- --------- --- ----------- -- ------------- --- -----------
Balance, December 31, 2000            12,300,000        12,300           7,912        (257,312)             - -
Net loss - 2001                              - -           - -             - -         (16,120)         (4,313)
----------------------------------- ------------- --- --------- --- ----------- -- ------------- --- -----------
Balance, December 31, 2001            12,300,000        12,300           7,912        (273,432)         (4,313)
June 24, 2002 stock issuance for
   services                            1,800,042         1,800         224,459              - -             - -
Net loss - 2002                              - -           - -             - -              - -       (228,459)
----------------------------------- ------------- --- --------- --- ----------- -- ------------- --- -----------
Balance, December 31, 2002            14,100,042        14,100         232,371        (273,432)       (232,772)
October 31, 2003, stock issuance
   for conversion of debt              4,203,420         4,203         276,025              - -             - -
Net loss - 2003                              - -           - -             - -              - -        (48,658)
----------------------------------- ------------- --- --------- --- ----------- -- ------------- --- -----------
Balance, December 31, 2003            18,303,462        18,303         508,396        (273,432)       (281,430)
Net loss - 2004                              - -           - -             - -              - -       (238,941)
----------------------------------- ------------- --- --------- --- ----------- -- ------------- --- -----------
Balance, December 31, 2004            18,303,462        18,303         508,396        (273,432)       (520,371)
February, 2, 2005, stock issuance
for conversion of debt                26,969,568        26,970         220,888              - -             - -
Net loss - Quarter ended    March
31 ,2005                                     - -           - -             - -              - -       (134,815)
----------------------------------- ------------- --- --------- --- ----------- -- ------------- --- -----------
Balance, March 31, 2005
(Unaudited)                         45,273,030    $     45,273   $     729,284  $     (273,432)   $   (655,186)
=================================== ============= === ========= === =========== == ============= === ===========
</TABLE>







    The accompanying notes are an integral part of these financial statements


<PAGE>


                          CANGLOBE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                               Since
                                                                                          December 1, 2001
                                                          For the quarter ended             Inception of
                                                                March 31,                   Development
                                                         2005               2004               Stage
------------------------------------------------- ------------------- ------------------ -------------------
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                               <C>                 <C>                <C>
Net loss for the period                           $       (134,815 )  $        (11,111)  $        (655,186)
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                 57,338              7,688             294,049
------------------------------------------------- --- --------------- --- -------------- ---- --------------
Net cash used in operating activities                       (77,477)            (3,423)           (131,790)
------------------------------------------------- --- --------------- --- -------------- ---- --------------

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment                               - -                - -                 - -
Purchase of licensing rights                               (100,000)                - -           (100,000)
Interest in CW Remediation                                       350                - -                 350
------------------------------------------------- --- --------------- --- -------------- ---- --------------
Net cash used in investing activities                       (99,650)                - -            (99,650)
------------------------------------------------- --- --------------- --- -------------- ---- --------------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from shareholders                                   185,368              3,423             238,940
------------------------------------------------- --- --------------- --- -------------- ---- --------------
Net cash provided by financing activities                    185,368              3,423             238,940
------------------------------------------------- --- --------------- --- -------------- ---- --------------
Net (decrease) increase in cash and cash
   equivalents                                                 8,241                - -               7,500
Cash and cash equivalents at beginning of period
                                                                 - -                                    741
------------------------------------------------- --- --------------- --- --------------      --------------
Cash and cash equivalents at end of period        $            8,241  $             - -  $            8,241
================================================= === =============== === ==============      --------------

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                 $          247,858  $         280,228  $          528,086
</TABLE>










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



                          CANGLOBE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   THE QUARTERS ENDED MARCH 31, 2005 AND 2004
                                   (Unaudited)

NOTE 1 - NATURE OF OPERATIONS AND GOING CONCERN

The  unaudited  financial  statements  as of March 31,  2005,  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.

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
$929,000 for the period from April 7, 1997  (inception) to March 31, 2005, 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.

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. to reflect the new focus of the Company. On January 16, 2003,
the Company changed its name to Canglobe International, Inc.



<PAGE>


                          CANGLOBE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   THE QUARTERS ENDED MARCH 31, 2005 AND 2004
                                   (Unaudited)

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

NATURE OF BUSINESS

The company has no  products or services as of March 31,  2005.  The Company was
organized  as a vehicle to seek merger or  acquisition  candidates.  The Company
intends to acquire  interests in various  business  opportunities,  which in the
opinion of management will provide a profit to the Company.

 Subsequent  to the name  change  and change of  direction  of the  Company,  it
pursued  opportunities  in the tire  recycling and rubber  reclamation  industry
which has subsequently been abandoned.

PRINCIPLES OF CONSOLIDATION

         The  consolidated  financial  statements  include  the  accounts  of CW
Remediation   Ltd.,   which  the  Company  has  a  50%  interest.   Intercompany
transactions have been eliminated.

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.

REVENUE RECOGNITION

Revenue is recognized as services are performed.

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, 2005 and 2004.

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 2004  financial  statements to
conform to the 2005 presentation.


<PAGE>

                          CANGLOBE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   THE QUARTERS ENDED MARCH 31, 2005 AND 2004
                                   (Unaudited)

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

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.

DEPRECIATION AND AMORTIZATION

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 fixtures                         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.

The Company has adopted the Financial  Accounting Standards Board SFAS No., 142,
"Goodwill and Other Intangible  Assets." SFAS 142 requires,  among other things,
that  companies  no longer  amortize  goodwill,  but instead  test  goodwill for
impairment at least  annually.  In addition,  SFAS 142 requires that the Company
identify  reporting  units  for  the  purposes  of  assessing  potential  future
impairments of goodwill,  reassess the useful lives of other existing recognized
intangible   assets,  and  cease  amortization  of  intangible  assets  with  an
indefinite  useful life.  An  intangible  asset with an  indefinite  useful life
should be tested for impairment in accordance with the guidance in SFAS 142.

Intangible Assets consisted of the following at March 31, 2005:

Intangible Asset                    Amortization     Amortization Period

Licensing Rights                    $100,000         3 Years
Less accumulated amortization                   -
                                    -----------------

Total                                $100,000
                                     ========

NOTE 3 - COMMITMENTS

         As of March 31, 2005, 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.

<PAGE>

                          CANGLOBE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   THE QUARTERS ENDED MARCH 31, 2005 AND 2004
                                   (Unaudited)

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, 2005 and December 31, 2004,
the Company owed $198,362 and $12,994, respectively, relating to these advances.

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 common stock  returned to the Company by and on behalf of Mr.
Daniel L. Hodges,  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
splits.

On February 24, 2005, the Board of Directors  approved a 6 to 1 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.

NOTE 6 - COMMON STOCK TRANSACTIONS

On June 24,  2002,  the  Company  issued  1,800,042  shares of common  stock for
$226,259 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  4,203,420  shares of
restricted common stock.

On January 27,  2005,  the Company  negotiated  with its  creditors a settlement
agreement.  Under this agreement the creditors received  convertible  promissory
notes totaling  $247,858.  The  promissory  notes were due December 31, 2005 and
carried a 10% interest rate. The promissory  notes were convertible on demand to
common  shares on the basis of 20 percent  of the  current  market  value of the
shares. On February 2, 2005 the creditors converted their convertible promissory
notes into 26,969,568 shares of common stock.

NOTE 7 - ACQUISITIONS

As of March 31, 2005, the Company  entered into a licensing  agreement with Blue
Ribbon  Environmental  Products,  Inc.  ("BREP") and Advanced Water and Research
Development Inc. ("AWRD") of Spokane,  Washington for $100,000.  Under the terms
of this  licensing  agreement  the Company  has the rights to market  technology
developed  by BREP and AWRD  through an Alberta  company,  CW  Remediation  Ltd.
("CWR"),  which  is  co-owned  by the  Company  and  Blue  Ribbon  Environmental
Products, Inc.







<PAGE>

                          CANGLOBE INTERNATIONAL, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   THE QUARTERS ENDED MARCH 31, 2005 AND 2004
                                   (Unaudited)

NOTE 8 - SUBSEQUENT EVENTS

On April 8, 2005, the Company  negotiated to acquire the medical waste treatment
facility at Beiseker, Alberta. Under terms of the Agreement the Company has made
a $50,000 deposit, and, through a mortgage on the assets and take back financing
from the vendor pay an additional  $1,950,000.  In addition the Company must pay
2,000,000 shares of common stock from treasury.  The take back financing will be
repaid at $100,000 per month  commencing  January 1, 2006.  The  acquisition  is
anticipated to close on May 31, 2005.

In order to  facilitate  upgrade  to the  Beiseker  facility,  the  Company  has
negotiated  from a company  affiliated with its President,  equipment  valued at
$500,000, through the issuance of 800,000 shares of common stock.




<PAGE>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

         The following  information  should be read in conjunction with the Form
10K SB filed  for the year  ended  December  31,  2004,  and  other  information
regarding  our  financial  performance  for the period  covered by this  report,
including,  but not limited to, the financial  statements  included elsewhere in
this report.

FORWARD LOOKING STATEMENT

         This  Management's  Discussion  and  Analysis  or  Plan  of  Operations
includes  a number  of  forward-looking  statements  that  reflect  Management's
current  views with respect to future events and  financial  performance.  Those
statements   include  statements   regarding  the  intent,   belief  or  current
expectations  of the Company and members of its  management  team as well as the
assumptions  on which such  statements  are  based.  Prospective  investors  are
cautioned that any such forward-looking  statements are not guarantees of future
performance  and involve  risk and  uncertainties,  and that actual  results may
differ materially from those  contemplated by such  forward-looking  statements.
Readers are urged to carefully review and consider the various  disclosures made
by the Company in this report and in the Company's  other reports filed with the
Securities  and  Exchange  Commission.  Important  factors  currently  known  to
Management  could  cause  actual  results  to differ  materially  from  those in
forward-looking  statements.  The Company  undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions, the occurrence
of unanticipated  events or changes in the future  operating  results over time.
The Company believes that its assumptions are based upon reasonable data derived
from and known about its business and operations and the business and operations
of the Company.  No assurances are made that actual results of operations or the
results of the Company's future  activities will not differ  materially from its
assumptions.


PLAN OF OPERATIONS

During the three months  ended March 31, 2005,  the Company has entered into two
transactions. The first of these transactions is a licensing agreement with Blue
Ribbon  Environmental  Products,  Inc.  ("BREP") and Advanced Water and Research
Development Inc. ("AWRD") of Spokane, Washington for $100,000 on March 31, 2005.
Under the terms of this licensing agreement the Company has the rights to market
technology developed by BREP and AWRD through an Alberta company, CW Remediation
Ltd.  ("CWR"),  which is  co-owned by the Company  and BREP.  The  products  and
services offered by CWR include the following:

o        Soil and water remediation. Techniques have been developed which remove
         salt,  hydrocarbons  and  other  contaminants  from  soil and water and
         improve  In-situ  Land-farm  sites by  speeding up the process (4 to 12
         weeks)  depending  on size of site and  degree of  contamination  while
         controlling the customers exposure;
o        Use of specific  strains of natural  occurring  microbes  depending  on
         makeup of contaminants at remediation site;
o        Clean Water Resonator  Technology which releases the bound-up oxygen in
         the water and accelerates the effectiveness of microbes;
o        Water  Clarifier  that is capable of  cleaning  up to 3,000  gallons of
         water per minute.
o        Cold Water Evaporator capable of cleaning by way of ambient temperature
         evaporation of up to 400 gallons of oil or gas well water per hour.

The Company has been  successful in securing a test site for the  implementation
of this  technology  with a major  Albertan  oil and gas  company and expects to
commence remediation operation before the end of May 2005.

The second of these  acquisitions is the acquisition of the assets medical waste
treatment facilities of Cristallo Engineering Inc. located in Beiseker, Alberta.
The  initial  option  was  accepted  by both  Companies  on April 8,  2005.  The
transaction  is expected to close on or before May 31, 2005.  Under the terms of
the option agreement,  the Company must pay CAD$2,000,000  plus 2,000,000 shares
of common stock.  To date, a CAD$50,000  deposit has been made. The balance owed
of  CAD$1,950,000  will be financed by a mortgage on the land and the  buildings
located  at  Beiseker,  Alberta  by  way  of  first  mortgage  CAD$1,000,000  to
CAD$1,400,000  and the balance by way of vendor financing  repayable at the rate
of  CAD$100,000  per month  commencing  January 1, 2006. A new Alberta  company,

<PAGE>

Beiseker  Envirotech  Inc. has been  incorporated to own and operate the medical
waste treatment facilities.

Prior to closing on the transaction to acquire the Beiseker  plant,  the Company
has commenced  upgrades which will increase the revenue earning potential of the
plant. These improvements include the upgrading of the incinerator, installation
of three auto-clave units,  automated washing  facilities,  and improved product
handling.  These  upgrades are expected to be completed by the May 31, 2005. The
cost of these  improvements  is  estimated  to be  approximately  $600,000.  The
auto-clave  units have been acquired  through the issuance of 800,000  shares of
common stock to an affiliate of the Company.


RESULTS OF  OPERATIONS - QUARTER  ENDED MARCH 31, 2005  ("Q1-05") AS COMPARED TO
QUARTER ENDED MARCH 31, 2004 ("Q1-2004")

        The Company  reported  net losses of $134,815  and $11,111 for Q1-05 and
Q1-04,  respectively,  which  was due to  general  and  administrative  expenses
incurred by the Company.  The most  significant  increase was due to the Company
becoming active in negotiating acquisitions.  Of this $123,000 increase in loss,
$55,000 was due to consulting fees and $62,000 was due to travel expenses.

LIQUIDITY AND CAPITAL RESOURCES

         The Company has a working capital deficiency of $56,049 as of March 31,
2005 as compared to a $254,110 working capital  deficiency at December 31, 2004.
This  improvement  is due to the conversion of $247,858 of debt to common shares
of the Company.

          In order to finance the startup of the two  acquisitions,  the Company
is relying on financing provided by its major shareholders.  The amount owing to
the  shareholders  has increased to $198,362 as of March 31, 2005 as compared to
$12,994 as at December 31, 2004. The Company  remains  reliant for liquidity and
capital resources  through advances from its shareholders.  The Company also may
try to continue to finance its operations  through borrowings and/or through the
sale of shares.

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.



 ITEM 3. CONTROLS AND PROCEDURES

An evaluation was carried out under the supervision  and with the  participation
of the  Company's  management,  including  its  President  and  Chief  Financial
Officer,  of the Company's  disclosure  controls and  procedures as of March 31,
2005.  Based  on  that  evaluation,  the  Company's  management,  including  its
President  and  Chief  Financial  Officer,  has  concluded  that  the  Company's
disclosure controls and procedures are effective. During the period ending March
31, 2005,  there was no change in the Company's  internal control over financial
reporting  that has  materially  affected or is reasonably  likely to materially
affect, the Company's internal control over financial reporting.








<PAGE>

                                     PART II


ITEM 1. LEGAL PROCEEDINGS

None

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
On January 27,  2005,  the Company  negotiated  with its  creditors a settlement
agreement.  Under this agreement the creditors received a convertible promissory
note. The  promissory  note was due December 31, 2005 and carried a 10% interest
rate.  The  promissory  note was  convertible  on demand to common shares on the
basis of 20 percent of the current  market  value of the shares.  On February 2,
2005 the creditors converted their convertible  promissory notes into 26,969,568
shares of common stock.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None


ITEM 4. SUBMISSIONS OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS


Exhibit
Number            Title of Document

31.1  Certification of Principal  Executive Officer Pursuant to 18 U.S.C Section
1350 as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2  Certification of Principal  Financial Officer Pursuant to 18 U.S.C Section
1350 as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1  Certification of Principal  Executive Officer Pursuant to 18 U.S.C Section
1350 as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.2  Certification of Principal  Financial Officer Pursuant to 18 U.S.C Section
1350 as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.






<PAGE>

                                   SIGNATURES


Pursuant to the  requirements  Exchange Act, the Registrant has duly caused this
report to be signed on it behalf by the undersigned, thereunto duly authorized.

                          CANGLOBE INTERNATIONAL, INC.

Dated: May 12,  2005

By: /s/ Donald Sampson
Donald Sampson
President and Director
(Principal Executive Officer

By: /s/ David Alexander
David Alexander
Chief Financial Officer, Secretary and Director
(Principal Financial Officer)