Functional Brands Inc. reported second quarter 2026 financial results showing revenue of $1.87 million, a 2% increase year-over-year, with gross margin expanding to 59.9%. However, the company posted a net loss of $2.6 million, or $0.06 per share, driven by a $967,942 non-cash change in derivative liabilities and increased general and administrative expenses. For the six-month period, net loss widened to $9.6 million due to a $6.3 million non-cash charge from a preferred stock exchange. Corporate developments included the termination of a letter of intent for BullionFX assets, the company's delisting from Nasdaq to OTC Markets, and a partial legal judgment in its favor regarding True Health Medical Center litigation. The filing notes substantial doubt about the company's ability to continue as a going concern due to recurring losses and cash constraints. Functional Brands Inc. operates in the wellness and performance products industry, manufacturing nutritional supplements and offering telehealth services.

On June 30, 2026, Functional Brands Inc. amended the Executive Employment Agreement for CEO Eric Gripentrog. The amendment replaces a $500,000 performance equity award of restricted stock units with a grant of 3,500,000 incentive stock options under the 2026 Equity Incentive Plan. These options have an exercise price of $0.0055 per share, a ten-year term expiring June 29, 2036, and are fully vested and immediately exercisable. The grant-date fair value is approximately $14,685. Functional Brands Inc. is a consumer goods company.

Functional Brands Inc. announced the termination of its Asset Purchase Agreement with BullionFX, which was originally entered into on May 22, 2026, to acquire the Alchemy gold-backed blockchain settlement platform. The termination is effective as of June 29, 2026, meaning the planned transaction involving the exchange of 100,000 shares of Series D Convertible Preferred Stock will not be consummated. Functional Brands Inc. operates in the consumer goods and functional food and beverage industry.

Nasdaq issued a staff determination to delist Functional Brands Inc. common stock from the Nasdaq Capital Market due to violations of the Low Priced Stocks Rule. The company failed to regain compliance with the $1.00 minimum bid price requirement, and as of June 8, 2026, the stock closed at $0.10 or less for ten consecutive trading days. Trading suspension is scheduled for the opening of business on June 16, 2026. The company may request a hearing before the Nasdaq Hearings Panel by June 16, 2026, to appeal the decision, though a timely request will not stay the trading suspension. Functional Brands Inc. is a consumer goods company.