---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-090736"
form_type: "8-K"
ticker: "MEHA"
cik: "0001837254"
company_name: "Functional Brands Inc."
filed_at: "2026-08-17T20:01:16+00:00"
generated_at: "2026-08-17T20:02:16.827328+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Functional Brands Q2 net loss widens to $2.6M; going concern doubt, BullionFX deal terminated

## Summary
- Revenue $1.87M (+2% YoY); gross margin 59.9% (+710bps) on higher-margin channels.
- Net loss $2.6M vs $0.2M loss; operating loss $1.3M vs $0.16M on higher G&A.
- BullionFX terminated LOI for blockchain IP acquisition on June 29, 2026.
- Stock delisted from Nasdaq; now trades on OTC Markets under MEHA.
- Going concern: cash $352K, working capital deficit $2.9M, accumulated deficit $16.7M.

## SEC filing metadata
- accession: 0001213900-26-090736
- form_type: 8-K
- ticker: MEHA
- cik: 0001837254
- company_name: Functional Brands Inc.
- filed_at: 2026-08-17T20:01:16+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837254/000121390026090736/0001213900-26-090736-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837254/000121390026090736/ea0302335-8k_function.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-090736
- JSON: https://secwatch.observer/filing/0001213900-26-090736.json
- Plain text: https://secwatch.observer/filing/0001213900-26-090736.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.