| ORGANIZATION AND DESCRIPTION OF BUSINESS |
NOTE
1. ORGANIZATION AND DESCRIPTION OF BUSINESS
The Marygold Companies, Inc., a Nevada corporation (together with its subsidiaries, “we,” “us,”
“our,” “Company,” or “The Marygold Companies”) is a holding company which operates through its wholly
owned subsidiaries on a multinational scale that is focused upon financial services, exchange traded funds management and certain other
business activities listed below:
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U.S. Fund Management - USCF Investments, Inc., a Delaware corporation (“USCF Investments”), with corporate
headquarters in Walnut Creek, California and its wholly owned subsidiaries, which provide fund management services to exchange traded
fund and exchange traded products (“ETFs”): |
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United
States Commodity Funds, LLC, a Delaware limited liability company (“USCF LLC”), and |
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USCF
Advisers, LLC, a Delaware limited liability company (“USCF Advisers”). The principal place of business for each of USCF
LLC and USCF Advisers is in Walnut Creek, California. |
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Food
Products – Gourmet Foods, Ltd., a registered New Zealand company located in Tauranga, New Zealand and its wholly owned subsidiary,
Printstock Products Limited, a registered New Zealand company, with is principal manufacturing facility in Napier, New Zealand. |
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Security
Systems – Brigadier Security Systems (2000) Ltd., a Canadian registered corporation, with locations in Regina and Saskatoon,
Saskatchewan, Canada. Brigadier was sold to a related party on July 1, 2025 (see Note 16. Subsequent Events). |
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Beauty
Products - Kahnalytics, Inc., a California corporation, doing business as “Original Sprout,” located in San Clemente,
California. |
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U.S.
and U.K. Financial Services: |
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Marygold & Co., a Delaware corporation, and its wholly owned subsidiary,
Marygold & Co. Advisory Services, LLC, a Delaware limited liability company, whose principal business offices are located in Walnut
Creek, California; |
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Marygold
& Co., (UK) Limited, a private limited company incorporated and registered in England and Wales, whose registered office is in
London, England, and its wholly owned subsidiaries: |
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Marygold
& Co. Limited f/k/a Tiger Financial & Asset Management Limited, a company incorporated and registered in England and Wales, whose
registered office is in Northampton, England; and |
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Step-By-Step
Financial Planners Limited, a company incorporated and registered in England and Wales, whose registered office is in Staffordshire,
England. |
The
Company manages its operating businesses on a decentralized basis. There are no centralized or integrated operational functions such
as marketing, sales, legal or other professional services and there is little involvement by The Marygold Companies’ management
in the day-to-day business affairs of its operating subsidiary businesses apart from oversight. The Company’s corporate management
is responsible for capital allocation decisions, investment activities and selection and retention of the Chief Executive to head each
of the operating subsidiaries. The Company’s corporate management is also responsible for corporate governance practices, monitoring
regulatory affairs, including those of its operating businesses and involvement in governance-related issues of its subsidiaries as needed.
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