NUGL Inc OTCMKTS: NUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more. NUGL’s flexible web app has no geographic limitations and can rapidly connect cannabis companies, related vertical services and users. The NUGL iOS and Android app brings a powerful cannabis search tool within reach of anyone, anytime, anywhere with the ease of a smartphone.
NUGL Inc OTCMKTS: NUGL On May 20, 2019 announce it has posted consecutive increased quarterly earnings that reflect an over 200% increase in revenue compared to the same quarter of the previous year.
NUGL’s quarterly financials continue to exceed the expectations of management. First quarter revenues increased by 33% and were generated from multiple sources and revenue streams. NUGL generated revenue from all three publications, NUGL Magazine, Garden and Greenhouse and Professional Marijuana Grower in both digital and print formats.
Notably, NUGL also converted over 50% of its debt to stock during Q1, further strengthening the bottom line. This conversion of over $500k in debt at a minimal discount to market lowered the overall company debt by more than 50%. This leaves NUGL with a much stronger balance sheet in Q1 and provides NUGL shareholders with less risk of dilution in the event of future stock conversions.
“The financials are strong and sales growth is accelerating. The software is the foundation of our business and supports NUGL’s diversification into multimedia platforms. All three publications have positive cash flow and are complimentary to the software’s marketing spend, increasing our return on investment,” stated Tom Bouse, CFO, NUGL Inc.
NUGL has built the only one-stop-shop solution for cannabis businesses to grow and thrive. At present, NUGL believes there is nothing in the industry that provides both digital and print media while integrating networking capabilities through software.
NUGL also launched NUGL Media Group, which now consists of three publications and an in-house digital ad server. “Marketing for cannabis can exceed 20% or even 40% of gross sales. NUGL offers a more robust, cost-effective marketing alternative for cannabis companies through our multimedia platform,” stated Bouse.
NUGL recently launch NUGL MD, an online telehealth application connecting medicinal marijuana patients and doctors. NUGL MD currently runs alongside NUGL Inc. and NUGL Media Group, as a complimentary division that is already showing promising statistics. “I am happy with our quarterly financials and feel we have established a strong foundation for scalability,” stated CJ Melone, Founder of NUGL. “I firmly believe we could not have gotten here without the support of the community and our loyal shareholders. Our mission has been and will be to support the growth and evolution of the cannabis industry while executing a business model that rewards our loyal shareholders.”
NUGL Inc OTCMKTS: NUGL On May 10, 2019 urging current and prospective investors to ignore illicit, unauthorized solicitations or inducements to buy shares of the Company from any entity. NUGL has received credible reports that an entity describing itself as “ValueLine” is encouraging investors to take a position in the Company and may be giving false or misleading statements to investors.
NUGL does not have and has never had any association with ValueLine, its employees, or operators; and ValueLine has no access to non-public information regarding the Company or its future plans. NUGL further believes that ValueLine has provided investors with information that is patently false. We further advise that no one should buy or sell any shares based upon contact with any party soliciting prospective investors or making claims about the Company which has not been publicly disclosed by the Company itself. NUGL has never authorized any party to call prospective investors for this or any other purpose.