Welcome to our dedicated page for The Marygold Companies news (Ticker: MGLD), a resource for investors and traders seeking the latest updates and insights on The Marygold Companies stock.
The Marygold Companies, Inc. (NYSE American: MGLD) is a diversified global holding company with a stated focus on financial services, supported by operating subsidiaries in ETF and exchange-traded product management, fintech, investment advisory, food manufacturing, printing, and beauty products. News about MGLD often centers on developments at these subsidiaries and on the company’s efforts to refine its portfolio toward financial services.
Investors following Marygold-related news can expect updates on USCF Investments, the group’s ETF and ETP platform, including new product launches such as the USCF Oil Plus Bitcoin Strategy Fund and other exchange-traded offerings. Company releases also cover financial results, assets under management trends at USCF, and commentary on how market conditions affect its exchange-traded products.
Another recurring news theme involves Marygold’s fintech and advisory businesses. The company reports on the development and rollout of its proprietary mobile fintech app through Marygold & Co. (UK), including its availability in U.K. app stores and recognition in independent reviews. Updates also address the operations of Marygold & Co. (UK) and Step-By-Step Financial Planners as they provide investment advisory services across a range of financial products.
Marygold’s news flow further includes information on its non-financial subsidiaries, such as Gourmet Foods and Printstock Products in New Zealand and the Original Sprout beauty products brand in California. Releases may highlight product initiatives, marketing activities, and the performance of these units. Corporate-level announcements, including earnings results, capital raising transactions, and portfolio changes such as the sale of the Brigadier Security Systems subsidiary, provide additional context for those tracking MGLD. For a fuller picture of the company’s trajectory, readers can review these recurring categories of news over time.
The Marygold Companies, Inc. (MGLD) reported financial results for the third fiscal quarter and nine months ending March 31, 2022. Consolidated revenues for the third quarter were $9 million, down from $10 million year-over-year, with net income of $0.9 million, down from $1.6 million. Total assets increased to $34 million, with cash and equivalents at $16 million. Costs related to the development of a mobile fintech app amounted to $1.5 million. The company is nearing completion of the app, expecting beta testing soon and a launch by the end of 2022, aiming to enhance shareholder returns and liquidity.
The Marygold Companies, Inc. (AMEX: MGLD) announced its participation in Maxim Group's 2022 Virtual Growth Conference scheduled from March 28-30, 2022. CEO Nicholas Gerber and COO David Neibert will present, with the presentation available on the M-Vest platform for on-demand viewing throughout the event. Founded in 1996 and rebranded as a global holding firm in 2015, Marygold operates in various sectors including financial services, food manufacturing, and beauty products, with offices in the U.S., New Zealand, U.K., and Canada.
The Marygold Companies, Inc. (NYSE American: MGLD) announced the closing of its public offering of 1,897,500 shares of common stock, achieving gross proceeds of approximately $3,795,000. The offering had a full exercise of the underwriter's over-allotment option for 247,500 shares. This was conducted under a registration statement declared effective by the SEC on March 9, 2022. Maxim Group LLC served as the sole book-running manager. The common stock began trading on NYSE American on March 10, 2022.
Original Sprout, a leader in vegan hair and skin care products, has unveiled two new offerings at the Natural Products Expo West: the 'Worry Free' collection and 'Bundle of Joy' gift set. The Worry Free Collection aims to provide safe, effective products free from toxic ingredients, including shampoo and conditioner priced at $14.99 each. The Bundle of Joy, with a retail value of over $135, will sell for $74.99 and includes nine products along with bath accessories. Original Sprout emphasizes its commitment to quality and customer satisfaction.