Marygold Companies Inc (MGLD)

[DrD]

MGLD, Plan of Operation for the Next Twelve Months

Our plan of operation for the next twelve months is to apply necessary resources, which may include experienced personnel, cash, or synergistic acquisitions made with cash, equity or debt, into growing each of our business units to their potential.
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Original Sprout is transitioning from a largely boutique offering distributed through specialty wholesalers to a more mainstream product available at traditional outlets and online and as such we anticipate measurable growth in revenues for the coming years, though there may be one-time initial expenses associated with the launch of new sales channels.
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We are expecting moderate growth in Brigadier through focused management initiatives and consolidation within the security industry coupled with expanded product offerings.
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We expect Gourmet Foods to be operating more efficiently under current management and continue to increase market share through additional product offerings and channels to market, including the printing and sale of food wrappers by their subsidiary, Printstock.
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USCF Investments expects to continue development of innovative and new fund products to grow its portfolio. In addition to our long-term mission that is an acquisition strategy based upon identifying and acquiring profitable, mature, companies of a diverse nature and with in-place management that produces increased revenue streams,
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The Company is also focused upon building expertise and developing Fintech opportunities in the financial services sector through its development stage subsidiary Marygold and Co.
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In a more general sense, the Company is characterizing its business in two categories: 1) financial services and 2) other consumer-based operating units. The purpose is to isolate the cyclical, and sometimes volatile, nature of the financial services business from our other industry segments. As revenues from financial services fluctuate over time due to varying performance of the commodities markets, our other operations are expected to be stable and sustainable by comparison.
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By these initiatives we seek to:

Continue to gain market share for our wholly owned subsidiaries’ areas of operation.

Increase our gross revenues and realize net operating profits.

Lower our operating costs by unburdening certain selling expenses to third party distributors.

Have sufficient cash reserves to pay down accrued expenses and losses.

Attract parties who have an interest in selling their privately held companies to us.

Achieve efficiencies in accounting and reporting through adoption of standards used by all subsidiaries on a consistent basis, strategically pursue additional company acquisitions.

Explore opportunities as may present themselves in the Fintech space, including the launch of services by Marygold and Marygold Advisory Services, and the creation of new corporate entities as focused subsidiary holdings.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1005101/000143774922027284/mgld20220930_10q.htm






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