Last $0.02 USD
Change Today -0.0005 / -3.21%
Volume 5.4K
RBCC On Other Exchanges
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OTC US
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

495 Grand Boulevard

Suite 206

Miramar Beach, FL 32550

United States

Phone: 850-269-7230

Fax:

Rainbow Coral Corp. operates a retail fish store and coral farm facility. The company intends to develop a larger scale coral farm facility to grow, harvest, and distribute various hard and soft sizes as possible for use by consumers and as a source for advances in bio-research. The uses for coral as a source of medical discoveries are an opportunity for the company’s coral farming activity. The company intends to grow, harvest, and distribute various sizes of hard and soft captive-bred corals. Its subsidiary, Rainbow Biosciences, LLC, looks into the opportunities within the bioscience market. Rainbow Biosciences, LLC would continue to research opportunities into the bioscience markets. The company’s subsidiary, Father Fish Aquarium, Inc. (Father Fish), is a retail tropical fish store with a license from the Florida Department of Agriculture to raise various ornamental animals. Among these are various types of coral and the live food they require for nutrition. In addition, Father Fish raises various fresh water and salt water fish and invertebrates. Sales are made out of a retail location in Florida and online to hobbyists and serious collectors and by contracts with local departments of education for classroom and science lab use. Joint Ventures In 2013, the company entered into a joint venture agreement with TheraKine Ltd. (TheraKine) to explore business opportunities to exploit TheraKine’s novel drug delivery technologies. TheraKine is the developer of a sustained-release drug delivery platform that could soon make local delivery of biologic agents and small molecules. History Rainbow Coral Corp. was incorporated in the state of Florida in 2010.

 

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Price/Sales 3.5x
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TEV/Sales 2.2x
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