Item 2. Properties
ITEM
2. PROPERTIES
In
2019, Brigadier purchased its office facility and land located in Saskatoon for $0.6 million through cash and a loan. The bank loan matured
and was paid off in July 2024. The Company does not own any other plants or real property.
Facilities
The
Company’s administrative offices are located in the facility leased by Original Sprout, whose mailing address is 120
Calle Iglesia, San Clemente, California 92672.
Brigadier
owns its land and buildings in Saskatoon and rents facilities in Regina, Canada.
Gourmet
Foods rents facilities in Tauranga and in Napier, New Zealand.
USCF
Investments leases office space in Walnut Creek, California.
Marygold US shares office space with USCF Investments
in Walnut Creek, California.
Marygold
UK rents office space in London and Staffordshire, England.
Brigadier was sold to a related party on July
1, 2025 (see “Certain Recent Developments – Sale of Brigadier” and Note 16. Subsequent Events to the audited consolidated
financial statements in this Form 10-K).
We
believe that the facilities described herein are adequate for our current and immediately foreseeable operating needs.
ITEM
3. LEGAL PROCEEDINGS
Refer
to “Note 14. Commitments and Contingencies – Litigation” to the consolidated financial statements included in this
Annual Report on Form 10-K.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
21
Table of Contents
PART
II
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