Unique Play on Growing ESG Industry: EcoDepot, Inc. (OTCMKTS:ECDP)

In a 2020 Global Sustainable Investment Alliance review on the ESG (Environment, Sustainability, and Governance) industry” just breached $35 trillion, marking a 15% growth in two years, and in total equating to 36% of all professionally managed assets across regions covered in this report.

According to the Nasdaq exchange, ESG-integrated strategies assets under management were $8.2 trillion as of the end of 2020, up 34% from the end of 2018.

One company that is part of this staggering growth is Eco Depot, Inc. (OTCMKTS:ECDP) a company that 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. 

One of their first and most exciting assets is Bronya Coatings Group, Inc. a Montreal-based company that produces Multi-Purpose liquid thermal insulation paint Bronya Climate Shield. The Bronya line of paints increases energy efficiency, energy savings and reduces carbon emissions up to 40%.

The company is on pace for it’s initial run of production in Q4.  They’ve already announced their first production facility opening in Montreal, and their big rollout will be at the country’s largest Hardware Show, the North America Hardware Show in Vegas this October where they will be one of nearly 3000 exhibitors and over 20,000 attendees.  

The stock is currently coming off its $1.06 bottom, and at $1.17 is over 300% below its YTD high of $4.91.  This may be the perfect time to look at this interesting play on energy conservation.