Key Highlights

  • 1.87 million is the USD Revenue Functional Brands Inc. (OTCQB:MEHA) reported for the second quarter of 2026, up about 2% from USD 1.83 million, with gross Margin rising 710 basis points to 59.9%.
  • 2.63 million is the USD net loss for the second quarter of 2026, versus USD 0.23 million a year earlier, or USD 0.06 per share, as the operating loss reached USD 1.32 million.
  • 352,142 is the USD cash balance on June 30, 2026, down from USD 2.73 million at year-end, against a Working Capital Deficit of USD 2.9 million and 64,921,095 common shares.
  • 194.76 thousand is the USD market Capitalization of Functional Brands Inc. (OTCQB:MEHA) as of November 12, 2026, at a share price of USD 0.0030 following the June 2026 Nasdaq delisting.

What Investors Expect From Functional Brands Inc. (OTCQB:MEHA) on November 16, 2026

Functional Brands Inc. is scheduled to report third quarter 2026 results on November 16, 2026, for the quarter ended September 30, 2026. The Lake Oswego, Oregon company owns Kirkman nutritional supplements, sold in more than 35 countries, the P2i prenatal multivitamin and the Tru2u.health telehealth platform. It reported Q2 revenue of USD 1,870,548 against USD 1,832,532 a year earlier, and USD 1,645,524 in the first quarter. Investors will look for revenue growth, gross margin near the 59.9% level and further evidence that general and administrative costs, which rose sharply in 2026, can stabilize.

The Rationale: Last Reported Quarter and Management Outlook for Functional Brands Inc. (OTCQB:MEHA)

In the quarter ended June 30, 2026, reported on August 17, 2026, Gross Profit rose to USD 1,120,341 from USD 968,095. The operating loss widened to USD 1,320,398 from USD 155,437 and the net loss to USD 2,630,548 from USD 226,056, or USD 0.06 per share versus USD 0.03. For six months, revenue was USD 3,516,072 and the net loss was USD 9,621,337, including a USD 6,310,464 non-cash loss on preferred stock issuance. The company has not issued numeric guidance. BullionFX terminated its letter of intent on June 29, 2026, and on July 14, 2026 a court ruled largely for the company in the True Health litigation, awarding USD 68,271 on one narrow claim.

Valuation, Liquidity and Risks for Functional Brands Inc. (OTCQB:MEHA)

Cash was USD 352,142 on June 30, 2026, versus USD 2,726,696 at December 31, 2025. The working capital deficit was USD 2,903,380, the accumulated deficit USD 16,679,712 and total liabilities USD 9,408,223, including a USD 993,525 convertible note, USD 2,764,160 of preferred share liabilities and USD 1,181,787 of derivative liabilities. Shares outstanding rose to 64,921,095 from 18,704,649 at year-end, against 220,000,000 authorized. Auditors have raised substantial doubt about the company's ability to continue as a going concern. Nasdaq suspended trading on June 16, 2026 after a closing bid of USD 0.10 or less for ten consecutive days, and the stock now trades over the counter. With a market capitalization of USD 194.76 thousand, well under USD 100 million, nano-cap risk is acute, including illiquidity, dilution and extreme volatility.

Where Things Stand

Functional Brands Inc. (OTCQB:MEHA) reports on November 16, 2026 with a healthier product mix but a fragile balance sheet. Second quarter revenue of USD 1.87 million grew about 2% and gross margin reached 59.9%, yet the USD 2.63 million net loss, USD 352,142 of cash and USD 2.9 million working capital deficit underline funding pressure. Shares outstanding more than tripled to 64,921,095 in six months, and a market capitalization of USD 194.76 thousand limits flexibility. Investors will look for third quarter revenue against USD 1.87 million, expense control, any financing, and commentary on the going-concern warning and Kirkman, P2i and Tru2u.health growth.