Eco Depot, Inc. (OTCMKTS:ECDP), an ESG investment opportunity, closed yesterday at $1.54. The stock opened at $1.595 and reached an intraday high of $1.875 representing a 17% intraday gain, and an almost 90% gain for the stock since it began moving off its low of $1.01 last week. Naturally, there was some profit-taking.
Yesterday’s press release was the second major announcement for ECDP in as many weeks. In the release, Eco Depot announced that its subsidiary Bronya Climate Shield will be launching its line of eco-friendly paints that can reduce energy costs by 40% at the North America Hardware Show in Las Vegas this October.
This year’s show could be larger than usual since it has been pushed back from its original May date. The show will feature 2,800 Exhibitors with over 20,000 Participants that will be attending. Bronya Climate Shield will also be featured at the new innovative products exhibit
Last week, ECDP announced it has started construction of its first production facility in North America. The facility, set to start production in Montreal, Canada, in the Fourth Quarter of 2021, will be a total of 4,200 Square Feet with a production capacity of 2,700 gallons per day, capable of generating revenues of 107,994.60 USD per day. Which is potentially $39.4 million of pre-tax revenue per year.
Eco Depot, Inc. acquires, manages, and develops eco-friendly real estate assets and consumer brand products. Their focus is to provide investments, funding, and support for acquisitions, start-ups, entrepreneurs, and green companies dedicated to protecting the environment. Eco Depot is a development stage distributor of eco-friendly consumer brand products and is publicly traded Over the Counter at OTCMKTS: ECDP.