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Marygold Companies to Sell Canadian Subsidiary Brigadier Security Systems
ByAinvest
Friday, Jun 20, 2025 8:05 am ET1min read
The Marygold Companies has agreed to sell its Canadian subsidiary, Brigadier Security Systems, to SKCAL LLC for approximately $2.2 million. The sale aligns with the company's strategy to focus on growth in the financial services sector. Brigadier, based in Saskatoon, Canada, provides security services. The transaction is expected to close on July 1, 2025.
The Marygold Companies, Inc. (NYSE American: MGLD) has announced a significant move in its corporate strategy by agreeing to sell its wholly-owned Canadian subsidiary, Brigadier Security Systems Ltd. (Brigadier), to SKCAL LLC. The transaction, valued at approximately $2.2 million, is set to close on July 1, 2025 [1].Brigadier, based in Saskatoon, Saskatchewan, Canada, provides comprehensive security solutions to homes, businesses, government offices, schools, and other public buildings throughout the province. The sale aligns with Marygold's strategic focus on growth in the financial services sector, as stated by Nicholas Gerber, CEO of The Marygold Companies [1].
The proposed transaction is subject to customary prerequisites, including due diligence, board approval, fairness opinion, and possible adjustments to the purchase price after completion of audited financial statements. Proceeds from the sale will be used to pay down corporate debt and for general corporate purposes [1].
This sale is part of Marygold's broader corporate strategy, which has been evolving towards a focus on financial services. The company was founded in 1996 and repositioned as a global holding firm in 2015. It currently operates in various sectors, including ETF fund management, financial services, food manufacturing, printing, security systems, and beauty products [1].
The Marygold Companies has emphasized that forward-looking statements in this press release involve significant risks and uncertainties. Readers are cautioned to refer to the Company's filings with the Securities and Exchange Commission for more details [1].
References:
[1] https://www.stocktitan.net/news/MGLD/the-marygold-companies-enters-agreement-to-sell-canadian-j82df93zzb1a.html
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