Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 65

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 65
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 the growing online sales channel of home deliveries. In an effort to expand its market presence and limit competitive interference,
Gourmet Foods from time to time creates new products such as vegan pies, sausage rolls, and other items currently novel to New Zealand.
Upon market acceptance of these new entrants, Gourmet Foods is able to sustain higher profit margins in the absence of direct competition.
Gourmet Foods has also improved a portion of its supply chain by acquiring Printstock, which prints the food wrappers utilized by Gourmet
Foods. Printstock, in turn, also faces competition from other New Zealand-based printing companies who offer similar services to the
food production industry.

Seasonality

The
location of Gourmet Foods in the southern hemisphere provides it with a warm Christmas holiday season and some increased business as
customers tend to be traveling and purchase more ready-to-eat foods. Although this increase in sales is observable, it is not deemed
significant.

Regulation

In
New Zealand, Gourmet Foods is required to have certain permits from health regulatory agencies and export permits for certain products
it exports. Gourmet Foods is also subject to local regulations customary in the food processing, manufacturing and distribution industry
in New Zealand. Gourmet Foods believes it has all necessary licenses and permits and is compliant in all material respects with New Zealand
laws and local regulations.

Employees

Gourmet
Foods, including Printstock, had 48 full-time employees in New Zealand as of June 30, 2025.

Intellectual
Property

Ponsonby
Pies and Pat’s Pantry are registered trademarks of Gourmet Foods, Ltd. in New Zealand. These trademarks will expire or renew on February 13, 2028 and November 6, 2027, respectively.

Security
Systems - Brigadier

In
2016, we acquired all of the issued and outstanding stock in Brigadier Security Systems (2000) Ltd. (“Brigadier”), a
Canadian corporation. Brigadier was originally established in 1985. Brigadier has two office locations, one in Regina (formerly
Elite Security, now Brigadier Elite) and one in Saskatoon (formerly Brigadier Security, now Brigadier Elite), in the Canadian
Province of Saskatchewan. Brigadier sells and installs alarm systems, security monitoring hardware, access controls, ULC approved
fire monitoring panels, and comprehensive security systems to commercial and residential customers under the brand name
“Brigadier Elite” throughout the province of Saskatchewan.

Services,
Products and Customers

Brig