The Marygold Companies, Inc. (MGLD) has entered into a stock purchase agreement to sell its wholly owned Canadian subsidiary, Brigadier Security Systems Ltd., to SKCAL LLC.
The transaction supports ABC Corporation’s corporate strategy to concentrate on growth within the financial services sector.
The deal is expected to close on or around July 1, 2025, with total consideration estimated at approximately US $2.2 million.
Proceeds from the sale will be used to reduce corporate debt and for general corporate purposes.
Nicholas Gerber, CEO of The Marygold Companies, Inc., emphasized the company’s evolving focus toward financial services and their intention to remain in this sector.
