Eco Depot (OTCMKTS:ECDP) is putting its focus now on its ‘Bronya Climate Shield Thermal Paint’ coating line — as part of its ESG green-friendly strategy to cut up to 40% of energy costs for its clients. Investors are waiting for a big breakthrough on this multi-purpose product from a progressive company intent on saving the planet one paint coat at a time. ECDP is in a world of incubating and investing in eco-companies and buying/selling carbon credits for green companies and managing eco-friendly real estate assets. ECDP stock closed after hours Monday at $2.02 with 160,128 shares traded against a daily average of 99,493.
Which leads us to its emerging consumer product: the ‘Bronya Climate Shield Thermal Paint.’ It is a series of consumer-friendly, specialty paint products — Bronya Classic, Bronya Facade, Bronya Aquablock and Bronya Fire Retardant — and produced by its acquisition late last year, detailed in its annual report, Bronya Canada Group Inc., subsidiary. The line promises climate shielding for exteriors, fire resistant coating, waterproofing and extreme insulation. ECDP plans a global marketing effort as it intensifies its focus on this ready-to-use line, designed to make buildings green and reduce carbon emissions. Its challenge: commercializing it on a global scale basis.
ECDP has received numerous awards for its lofty efforts from organizations like the United Nations. This development stage company with a 52-week stock trading range of $0.0120-$5.5800, has a volatile stock price and a putting-all-eggs-in-one-basket strategy, according to its Q1 2021 SEC filing. With a reverse stock split at the end of 2020 and a series of debt conversions and settlements, ECDP had a shareholder deficiency of $6,518,941 for the three month period and a net loss of $476,248 with an accumulated deficit of $1,526,614
But here’s the good news: this eco-friendly company says in the filing it will fund capital shortfalls for the foreseeable future. It secured a $1 million financing in the Q1 period.
ECDP’s priorities are acting as incubator and aiding under-compliant companies to finance eco initiatives with the carbon credit system. It has adopted an ESG synergistic approach to protecting the environment. Meanwhile, if it is intent on funding fiscal capital shortfalls itself and attempting to commercialize its consumer products speciality eco-paint, this is a company with a future.