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New York, NY – October 23, 2108 – In the recent broad stock market sell-off, one sector resisted the market plunge.
- Cannabis stocks shined during the market rout.
- Global cannabis market is expected to exceed $146 billion by 2025.
- Cannabis market analysts predict CAGR of 34.6 percent during next seven years.
- Cannabis markets spawn dynamic ancillary businesses.
Multiple marijuana stocks shined in the sea of red during mid-October’s rout, racking up gravity-defying gains. The sizzling sector is sending signals of being uncorrelated with markets that are driven by the imperatives of institutional traders. Being untethered from the vagaries of institutional intentions is most likely advantageous for individuals intent on profiting from the impending cannabis tsunami. Marijuana sector growth has spawned a realm of new dynamic businesses in previously unimagined arenas. Leveraging the immense opportunity, NUGL, Inc. (OTC:NUGL) (NUGL Profile) has developed a first-of-its-kind, cutting-edge search app and comprehensive online directory exclusively for the marijuana industry. Heralded as a global first-mover cannabis connectivity business, NUGL just signed a deal that significantly expands its footprint and reach. The global growth in marijuana has also spurred investments in the sector by such well-known names as Constellation Brands Inc. (NYSE:STZ) and The Scotts Miracle-Gro Company (NYSE:SMG), and has launched marijuana-centric companies such as Terra Tech Corp. (OTC:TRTC) and KushCo Holdings, Inc. (OTC:KSHB).
To view an infographic of this editorial, click here.
Cannabis Jackpot
Cannabis is understandably generating intense global interest from business interests and investment communities. It’s impossible to ignore a market sector valued at an estimated $7 billion two years ago that’s now projected to exceed $146 billion worldwide by 2025 — a 20-fold increase. The stratospheric growth in the global marijuana market is anticipated to achieve a mind-boggling CAGR of 34.6 percent between 2018 and 2025.
Marijuana markets started gaining global traction in tandem with increased consumer demand for medicinal marijuana utilized for chronic pain and myriad other disorders. Medical marijuana was, in fact, the largest segment of the cannabis sector in 2016, and its value is expected to surpass $100 billion by 2025. The legalization of recreational marijuana use in multiple states and various countries has propelled demand into overdrive. The industry is now on track to bring in $8 billion by the end of this year. The research and development of safer forms of ingesting marijuana such as tinctures, oils, vapes and other edibles are expected to bolster market growth.
Connecting All Things Cannabis
On the cutting edge of the development of organic data analytics in the cannabis industry, NUGL, Inc. (OTC:NUGL) is focused on clearing up consumer confusion about the wide number of product options and becoming an integral asset to the burgeoning sector. While other attempts to connect and codify the spider web of interactions in the legal cannabis community have fallen short of expectations, NUGL expects its first-to-market, best-in-class technology platform to snag the lion’s share of this invaluable new market.
Since cannabis ads are prohibited on most social media networks, including Facebook, NUGL seized the opportunity to create the largest, most robust cannabis business networking platform in the world. The company’s internet-based search apps and online directory are the first ever to deliver global cannabis users networking power with unbiased search results, eliminating paid placement listings and skewed reviews. NUGL’s networking platform employs both business-to-consumer and business-to-business applications, providing the tools the industry needs to connect both pieces of the industry together. This allows all cannabis services, events and brands the ability to network and bring their companies to market.
NUGL’s platform is designed to serve cannabis-related businesses, products, services and users by building a community that meets the needs of each segment. NUGL puts the power of connection and self-promotion back into the hands of cannabis companies, giving them the tools to build a dedicated profile featuring their brands and services. The NUGL cannabis community is experiencing significant growth as dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands are joining daily.
Profiles for Every Community Member
NUGL offers four types of profiles: brands, events, services, and retail. Each of these profiles can connect and interact with each other, allowing an unprecedented level of communication between each segment of the cannabis market. For instance, using the NUGL app, brands can explore and develop their distribution capabilities by connecting with retail locations. Brands can even use the app to market their products, letting stores know about special order discounts, specials, and other marketing information.
When a brand and retail store have inked a distribution deal, the store can benefit by being included on the NUGL store locator. That means that when a user searches for a specific cannabis brand, the retail store appears on a source map, driving consumers to the location.
Cannabis service providers can use NUGL to reach out to everyone on the app, advertising the unique services they provide. For instance, a CPA firm that specializes in the cannabis market can communicate directly with the niche clients it is looking for. And finally, events such concerts or other occasions that either focus on or are open to cannabis users can extend invitations and attract participants.
NUGL’s iOS and Android apps are available in the Apple and the Google Play stores, and the company is intensely consumer focused. Future software development is directed and driven by community feedback. Reinforcing its credo of “for the people, by the people,” NUGL just announced major updates to its app in response to community feedback asking for a more robust mobile application.
In tune with consumer input, NUGL proactively launched major mobile application updates that included, in part, newly redesigned profile pages and updated brand profiles. The company also added new swipe gestures and social media links to profile pages, as well as menu tabs and social share links to profiles. And NUGL simplified search functions with an updated search bar, new filters, improved brand search functionality and redesigned icons.
Multiple Platforms Expand Reach
There’s little doubt about consumer demand for cannabis or the void of platforms to efficiently connect consumers to cannabis-related companies and services. NUGL is rapidly filling that void and expanding at breakneck pace. NUGL’s user sign-ups and mobile app downloads in September eclipsed expectations and surpassed industry standards
for comparable tech start-ups.
“We not only saw great returns on our initial spend but also saw the beginning of a viral push. Our next step is to scale our marketing model and watch NUGL grow its user base and app downloads even more,” NUGL CMO Ryan Bartlette stated.
Last month NUGL expanded its footprint and reach through a national joint venture marketing agreement with Nichols Publishing Company. NUGL is adding tens of thousands of print readers and online visitors with cannabis-centered magazines Garden & Greenhouse and Professional Marijuana Grower). Together, the magazines reach a cornucopia of small commercial growers, hobby growers, hydroponic and indoor gardeners, licensed cannabis growing facilities, processors and dispensaries. The magazines complement NUGL Magazine, which covers cannabis industry news and how it affects the cannabis community.
In a dramatic development, NUGL just announced a binding letter of intent to purchase Nichols Publishing Company. In what can be viewed as complete confidence in NUGL’s future, Nichols Publishing agreed to be acquired in exchange for $1 million in NUGL common stock. Nichols Publishing was founded by Robin Nichols more than a decade ago, and its cannabis trade magazines have grown into well-known brands. Nichols will join NUGL following the acquisition and run the publications’ operation under the NUGL name.
With clear intentions to dominate the market for global connectivity as it relates to cannabis consumers and businesses, NUGL’s decision to acquire Nichols Publishing is likely just a beginning as it expands its platforms and global footprint to synergistically support cannabis consumers and cannabis industry growth.
The Epiphany
There’s zero question about the past growth of the marijuana market, and future growth looks even brighter. Although the sector shines even during market sell-offs and marijuana stocks are reaching new highs, some say the sector is top heavy and frothy. If true, from this point forward, nascent ancillary business that feed and support consumers, services and businesses in the cannabis industry may hold much greater upside potential.
Constellation Brands Inc. (NYSE:STZ) just made the largest investment to date in the cannabis space. The company is already a leading international producer and marketer of beer, wine and spirits. With the recent $4 billion investment, Constellation looks to accelerate market position, perhaps create cannabis-infused drinks and expand its portfolio in emerging cannabis markets around the globe.
The Scotts Miracle-Gro Company (NYSE:SMG) is the world’s leading marketer of branded consumer lawn and garden products as well as hydroponic growing products. The company’s wholly owned subsidiary, The Hawthorne Gardening Company, is a leading provider of nutrients, lighting and other materials used in the hydroponic growing segment and now cannabis. The lawn and garden giant invested more than $1 billion in the past few years on a wide variety of companies that produce items connected to cannabis cultivation.
Terra Tech Corp. (OTCQX:TRTC) operates through multiple subsidiary businesses to provide both medical cannabis to patients and premium cannabis to the adult-use market in Nevada and California. The company’s wholly owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.
KushCo Holdings, Inc. (OTCQB:KSHB) is the parent company to a diverse group of business units in the cannabis, cannabidiol (CBD) and cannabis-related industries. KushCo’s subsidiaries and brands provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving a diverse customer base. KushCo Holdings’ brands include Kush Supply Company, Kush Energy, Hybrid Creative and Koleto Packaging Solutions.
For more information about NUGL, please visit NUGL, Inc. (OTC:NUGL).
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LOS ANGELES, Oct. 15, 2018 – NUGL Inc. (OTC: NUGL) (the “Company”), the cannabis industry’s new standard of technology, today reports it has entered into a binding letter of intent (“LOI”) to purchase Nichols Publishing Company , Inc. (“Nichols Publishing”), an Iowa based corporation that publishes industry known magazine publications such as the Professional Marijuana Grower and Garden & Greenhouse.
Robin Nichols founded Nichols Publishing over a decade ago and has since grown his magazine publications to a well-known brand. Subject to a 30-day exclusive due diligence period and the execution of definitive agreements, the Company will acquire 100 percent of Nichols Publishing in exchange for $1 million in NUGL common stock. Following the acquisition, Nichols will join NUGL and will be responsible for the publication operation under the NUGL name.
“Each magazine has a specific audience that is complementary to the NUGL business model. Professional Marijuana Grower speaks to established businesses and Garden & Greenhouse speaks to the home enthusiast. The NUGL community is made up of businesses and enthusiasts, so these publications are a perfect fit for us. Their reach will expedite getting the word out about NUGL and what we’re all about,” said Ryan Bartlette, CMO of NUGL.
NUGL and Nichols Publishing entered into a joint-venture marketing agreement 30 days ago.
“The synergies between the magazines and NUGL’s software are aligned perfectly. Our user base utilizes our application to perform a function, and then they leave. Now, we can give our user base additional content and redirect NUGL traffic to the magazine and vice versa. Together, both companies are stronger, and we plan to expand the magazines’ readership in a big way,” said Bob Waters, V.P. of Sales at NUGL.
Acquiring Nichols Publishing is just the beginning as NUGL strives to create a footprint that will help the cannabis industry grow and thrive. Both NUGL’s Android and Apple applications have recently been updated with increased functionality, and the long-awaited menu, which was just released, is receiving great feedback through its testing platform. NUGL is moving fast and continues to surprise the cannabis industry.
Professional Marijuana Grower is published six times per year and distributed to licensed cannabis growing facilities, processors and dispensaries. Each issue offers an affordable way to reach licensed growing facilities in states that have legalized cannabis cultivation. A digital version of each issue that can be read on cell phones and tablets is posted on the publication’s website, which averages more than 6,500 visitors each month. Total print, digital issue subscriber and website distribution is over 23,000 readers per issue. For more information about Professional Marijuana Grower, visit www.professionalmarijuanagrower.com.
Garden & Greenhouse is mailed directly to subscribers, which helps advertisers because it guarantees their ads are viewed by the potential customer each time. Plus, advertisers get the added benefit of more than 5,000 additional newsstand copies that are distributed to hydroponic and indoor gardening retail stores. A digital version of each issue that can be read on cell phones and tablets is posted on the publication’s website, which averages more than 30,000 visitors each month. Total print, digital issue subscriber and website distribution is over 41,000 readers per issue. For more information about Garden & Greenhouse, visit www.gardenandgreenhouse.net.
The Company anticipates completing its due diligence by the end of October 2018 and hopes to have definitive agreements completed for closing by December 2018.
About NUGL
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.
For more information and updates, visit one of the links below.
Website: http://www.nugl.com/
Facebook: https://www.facebook.com/nuglapp/
Instagram: https://www.instagram.com/nuglapp/
Twitter: https://twitter.com/nuglapp/LinkedIn: https://www.linkedin.com/company/nuglapp/Newsletter: https://nugl.us16.list-manage.com/subscribe?u=219fe8bb6995a19827c9f36cb&id=dc46712578
Forward-Looking Statements
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Source: NUGL Inc.
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The new standard in cannabis technology.
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, brands, strains, services and more!
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Meet Our Team
Brandon Vargas, CEO
Brandon is a founding member of G6 Management, a full-service consulting firm, advising cannabis professionals in all aspects of business. With over 10 years’ experience in the cannabis space, he has worked on dispensary, cultivation and infusion entity formation, licensing, real estate acquisitions, construction and build outs, marketing, policy and procedures, compliance, staffing, and capital raises.
Mr. Vargas has an extensive background working with various medical marijuana companies on investment and in developing greenhouse and commercial cultivation, distillate for vapes cartridges, CBD oils and infusions. Having created an investment team for medical marijuana startups, his vast understanding of the industry and experience lends Brandon unique edge in all of their cannabis related ventures.
Ryan Bartlette, CMO
As co-founder and CMO of 23Forty and Boxy, Ryan has expertly positioned and branded a multitude of companies while strategically bringing them to market. As a sought out graphic artist and front-end developer, with experience in the entertainment and technology industry, Ryan brings exactly what is needed to the NUGL team.
His diverse background in marketing and understanding of business helps him turn great ideas into successful realities. Ryan’s greatest strengths are his creativity, drive and leadership. He thrives on challenges, particularly those that expand the company’s reach. His skillset ranges from graphic design and front-end development, to global branding and online positioning. Ryan is our go-to guy for all UIX design.
Jeff Odle, CTO
Jeff, a successful senior software architect has a long and distinguished career developing some of the most innovative, cutting edge platforms available. His unique and distinctive approach to creating the blueprint for advanced programming is industry leading and unprecedented. He is a top-level architect responsible for developing some of the most forward-‐looking software for various industries. Jeff is proficient in multiple languages and has managed large projects and teams.
Thomas Bouse, CPA, CFO
Tom is the founder and owner of Pacific Rim Tax and Accounting, headquartered in Huntington Beach, California. His expertise in tax services, accounting, consulting and financial planning, along with two decades of dedicated service to owners and entrepreneurs of all sizes of business, is unparalleled. He began his career at a full-service CPA firm specializing in taxation, IRS audits, tax settlement, business filings and tax returns.
A move to PriceWaterhouseCoopers, the second largest professional services firm in the world and one of the Big Four auditors, allowed Tom to apply his knowledge to medium and large businesses. While there, he developed a broader understanding of complex corporate issues and how to identify opportunities across various industries.
In 2005, Tom purchased and managed a large bookkeeping, tax preparation and payroll practice in north San Diego County, California, specializing in tax planning, tax settlement, tax compliance and start-up consulting. His new, full service boutique – Pacific Rim Tax and Accounting – provides business consulting services and caters to all aspects of tax and accounting related matters, ultimately freeing clients up to focus on successful strategies for corporate and personal growth.
Bob Waters, VP of Sales
Waters has been leading sales organizations for over 30 years. His resume includes holding the title of Chief Petty Officer U.S. Navy during his military service. Waters was on the tip of the spear of the nation’s global defense efforts serving in operations Desert Storm, Desert Shield, Enduring Freedom, Balikatan, and multiple humanitarian missions. He also spent eight years driving the marketing and recruitment efforts for the U.S. Navy throughout the Western United States territory. After his military service, Waters joined DexMedia’s leadership team to bring to market new digital/print B2B solutions that helped local, small- to medium-size businesses thrive. His resume includes working in traditional daily news organizations such as the Standard Examiner out of Ogden, Utah, as the digital sales manager. Prior to joining the NUGL team he most recently served as Associate Publisher and Sales Director for Culture Magazine, a cannabis lifestyle publication that has grown to seven editions serving a widening population of cannabis savvy consumers.
James Jordan, VP of Strategic Relations
James is a seasoned entrepreneur with a background in multiple industries. Since 2013, Jordan has specialized in business development and technology in the cannabis space. During this time, he has secured over $10 million in seed funds for start-ups and real estate in the cannabis industry ( and has built numerous teams created specifically for cannabis operations. Jordan currently sits on the advisory board of private equity firm Gold Stalk Investments and advises multiple companies in the Southern California market for start-up and launch strategies. He is also the founding member of the Southern California Business and Investment Group (SCCBIG). Comprised of almost 3,000 members and hundreds of cannabis companies, SCCBIG has become the largest cannabis monthly business meetup in California and is a leader in the local cannabis education space.
James in currently launching two new ventures in Q4 of 2018. He has assisted in establishing a $40M portfolio of vertical cannabis businesses conglomerate for launch in 2018 in California. The business consist of multiple retail and delivery outlets, manufacturing facilities, cultivation and distribution chains for THC and CBD products. James is also the key supplier and consultant for a cannabis network out of Reno Nevada developing private-label products and lab testing for CBD topicals and beauty supplies. James has established an international distribution channel dedicated to the beauty products industry in European Markets.
Danielle Cavallucci, Public Relations
Danielle, published author, blogger, copywriter and brand manager for many years, joins the NUGL team to assist with the development of its public relations. Her experience in film, publishing, branding, marketing, sales and PR lend themselves to creating a positive, progressive community for NUGL and the 420 community.
Trai Wilson, Social Media Marketing Manager
Trai was born and raised in Gilbert, Arizona. A small suburb on the outskirts of Phoenix. While growing up he spent a lot of time in Southern California, especially in Huntington Beach. After graduating High School from Arete Preparatory Academy in 2016, he later went on to study in Business Management and Marketing at Grand Canyon University (expected to graduate in 2020). Freshman year of college he started interning at HBI International until he became a Marketing Representative. HBI is the father company to Raw Rolling Papers, Elements Rice Papers, Cyclones, Juicy J’s, Zen, etc. As he went on to be a Marketing Representative for Raw Rolling Papers he connected with many different musicians and Influencers, while also helping co-manage the rawlife247 instagram account (1.5 million followers). Through all of these musical connections he is now currently managing a reggae band that he has worked sponsorships out with Raw Rolling Papers and Dr. Z Moonrocks. Among his many endeavours that he has going on, he now has become the Head Social Media Marketing Manager for NUGL. He looks to endlessly grow NUGL’s social media presence.
Source: http://www.nugl.com/
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