The Marygold Companies’ Subsidiary, Original Sprout, Launches New Coastal Collection as Sponsor of the World Surf League’s Rip Curl WSL Finals and The Original Sprout Malibu Longboard World Championships Events

Rhea-AI Summary

Original Sprout to sponsor World Surf League events, launch Coastal Collection made from recycled ocean-bound plastic bottles

Positive

• Original Sprout's sponsorship of the World Surf League events and launch of the Coastal Collection made from recycled ocean-bound plastic bottles aligns with their mission to make a positive impact on the planet
• The partnership with WSL and the launch of the new product line could potentially boost Original Sprout's brand visibility and sales

Negative

• None.

--Depending on Wave Conditions, Rip Curl WSL Finals Scheduled for September 8 - 16 in San Clemente, California; Original Sprout Longboard Championships October 3 - 13 in Malibu, California--

SAN CLEMENTE, Calif.--(BUSINESS WIRE)-- The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD), a diversified global holding firm, today announced that its Original Sprout subsidiary will be the title sponsor of the World Surf League’s Longboard Championships in Malibu and an official sponsor of the Rip Curl WSL Finals to be held in San Clemente, California.

“As surfing enthusiasts and stewards of the environment, Original Sprout and the WSL align closely in dedication to preserving our oceans,” said Michael Ambacher, General Manager of Original Sprout. “Our collaboration with WSL underscores our mission to make a positive impact on the planet. To mark this occasion, Original Sprout will launch its new Coastal Collection, a line of 100% recycled ocean-bound plastic bottles, housing products that are vegan, cruelty-free, and fragrance-free. The collection represents a harmonious fusion of nature and nourishment, designed to enhance personal care routines while minimizing our ecological footprint.”

With both events attracting contestants and spectators from around the globe, the World Surf League’s Rip Curl WSL Finals takes place at Lower Trestles in San Clemente, California. The event holds a window from September 8 through 16 and will run on the ‘best day’ of waves as determined by the WSL Tours and Competition team. The one-day winner-take-all event will crown the 2023 men's and women's World Champions.

The World Surf League will host the one-day Original Sprout Malibu Longboard Championships presented by Tractor Beverage Co. from October 3 through 13 and will run on the best day of conditions within that holding period. The event will be held at First Point in Malibu, which is rich in surf culture and heritage and long regarded as one of the best point breaks in California. The top eight men and top eight women in the rankings will be given spots in this one-day, winner-take-all event, which will determine the 2023 Longboard World Champions.

“The team at Original Sprout has worked hard to develop this new product line,” said David Neibert, Chief Operations Officer of The Marygold Companies. “We support all efforts to positively affect our environment while continuing to provide luxurious care for customers. Original Sprout’s dedication is an inspiration throughout our organization.”

“We are excited to partner with Original Sprout, a company headquartered in San Clemente, around this year's Rip Curl WSL Finals and as the Title partner of the Original Sprout Malibu Championships. This brand makes effective products that our families can count on with formulas that contain extracts from fruits, vegetables, and flowers. Our community is going to love their new Coastal Collection and their commitment to recycling ocean plastics,” said Cherie Cohen, Chief Revenue Officer, WSL.

About The Marygold Companies, Inc.

The Marygold Companies, Inc., which changed its name from Concierge Technologies, Inc. in March 2022, was founded in 1996 and repositioned as a global holding firm in 2015. The Company currently has operating subsidiaries in financial services, food manufacturing, printing, security systems and beauty products. TMC’s companies operate under the trade names Marygold & Co., USCF Investments, Tiger Financial & Asset Management Limited, Gourmet Foods, Printstock Products, Brigadier Security Systems and Original Sprout. Offices and manufacturing operations are in the U.S., New Zealand, U.K., and Canada. For more information, visit www.themarygoldcompanies.com.

About Original Sprout

Founded in 2003 and headquartered in San Clemente, California, Original Sprout formulates and distributes hair and skincare products, including a complete collection of shampoos, conditioners, styling and body care products for the entire family, all produced and packaged in California. Original Sprout’s products are vegan, individually tested as non-toxic, and cruelty-free. Proprietary formulas contain nourishing extracts from fruits, vegetables and flowers. For more information, visit www.originalsprout.com.

About the World Surf League (WSL)

The World Surf League (WSL) is the global home of competitive surfing, crowning the undisputed World Champions since 1976 and showcasing the world's best surfers on the world's best waves. WSL is comprised of the Tours and Competition division, which oversees and operates more than 180 global competitions each year; Kelly Slater Wave Company (KSWC), home of the world's largest high-performance, human-made wave; and WSL Studios, an independent producer of unscripted and scripted projects. For more information, please visit WorldSurfLeague.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230907508816/en/

Media and investors, for more information, contact:

Roger S. Pondel

PondelWilkinson Inc.

310-279-5965

rpondel@pondel.com

Contact the Company:

David Neibert, Chief Operations Officer

888-805-2229

dneibert@themarygoldcompanies.com

Source: The Marygold Companies, Inc.