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Tuesday, November 29, 2022

The Exciting Rise of NUGL, Inc. (OTCMKTS: NUGL)

NUGL, Inc. (OTCMKTS: NUGL) has been running up the charts in recent days since a brief dip below $1. The Company has been putting out some big press in recent days announcing on January 17 it is hosting a week-long event during the Sundance Film Festival in Park City, Utah.   Notably, NUGL will be hosting a CBD event concurrent with Sundance, from January 24th- 30th at The Fly Lounge, a 5000 sq. foot, two-floor facility. Each floor will be home to multiple events all day and into the night with attendance expected to reach 65,000 people. Joining NUGL will be leading cannabis testing and data company, Digipath Inc. (OTCQB: DIGP).

“We are not only excited, but honored, to be a part of what we believe will be the largest mainstream event in the cannabis industry to date,” stated CJ Melone, Founder of NUGL. “To have this occur in the same town during a world renowned event known for its art, innovation and forward thinking is just perfect, and an innovative way to introduce NUGL to a massive influential new audience. As a company positioning itself at the intersection of all-things cannabis this is ideal.”

NUGL, Inc. (OTCMKTS: NUGL) bills itself as 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.

The Company has been putting out a flurry of press in 2018. In February they stated “NUGL is the New Standard for Cannabis Technology” According to the Company “NUGL.COM is the only cannabis metasearch with equal and unbiased search results. We don’t sell fake reviews or top spot listings, so our data stays true. Our Brand-to-Shop connections offer a simple way to verify brand retailers near you. Find brands, strains, shops and services in the purest way possible.

NUGL.com continues to build what they claim to be simply the best technology in the cannabis industry. As they get closer to launching in BETA format ahead of schedule, they are implementing the building blocks for scalability and massive growth. The new website, which can be found at NUGL.it, is more descriptive and informative and speaks about their future plans. Ryan Bartlette, CMO, explains, “Everything we do is focused on user experience. Our philosophy is simple – make it fun and easy to use, with the purest and most unbiased results.” The new website is laying the foundation to define the NUGL culture and how the company will be perceived in the industry.

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The Company is trying to up-list to the OTCBB; in June they said they have retained GBH CPAs based in Houston, Texas, to begin the process of auditing its financials in preparation to move up from OTC Pink Market to the OTCQB.

On January 7 NUGL launched its new advertising server, “Advertising Serve and Share Platform.”  In addition, NUGL has announced that they have officially opened the opportunity for any cannabis business to join their Extended Digital Network. While a member of the network, they will be able to earn advertising credits as part of the “Share and Serve” technology program.

NUGL founder CH Melone stated:

“We have built our own highly specialized ad server for the cannabis industry. Now all cannabis companies can advertise on any website or digital platform in and out of the NUGL community. By doing this we have broadened our scope of advertising reach, which will also broaden our ability as a company for increased advertising revenue generation. We built this robust ad server to serve ads to any platform and the goal is to share this technology and not just keep it to ourselves.  As always, NUGL believes that the growth and evolution of the industry is paramount and that ultimately what is good for the cannabis industry is what’s good for NUGL and its shareholders.”

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Currently trading at a $75 million market valuation NUGL has $18k in the treasury, $200k in debt and no revenues to date. NUGL bills itself as a one-stop shop for all things cannabis through the intelligent connection of consumers and companies,”NUGL is the New Standard for Cannabis Technology”  We will be updating on NUGL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NUGL.

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Disclosure: we hold no position in NUGL either long or short and we have not been compensated for this article.

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