I looked it over, and while i'm not an expert, it doesn't look very good. Meat is the EIGHTH ingredient on the list...it should be first, or close to it. Also, there is corn in the first five ingredients...twice, if I'm not mistaken.
I have heard the 'granules' (the name has something to do with 'stress') are good if you have a dog recovering from an illness and they need to get proper nutrition, but don't have much of an appetite.
The food is running somewhere around $60 for a bag (I think 30#)...I feed DVPs natural balance duck and potatoe and I get it for a little less than $40.
I would find a better food...I wouldn't feed this to my dogs, ever. Check out the food sticky in this section, it has some great recommendations.