NUGL, Inc. (OTCMKTS: NUGL) started off 2018 with a bang running from $0.44 to $1.80 highs in a matter of days on little volume. It came back down to around $0.60 and has been running up the charts since recently nearing its all-time highs.
NUGL was organized on November 5, 1998 in Nevada as USA Telecom. Since then they have undergone a number of name changes including USA Telcom Internationale, ZannWell Inc., Blackhawk Fund, and Vidable, Inc., VIBE I, Inc., and Coresource Strategies, Inc
NUGL, Inc. previously known as Coresource Strategies 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.
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.
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On September 11 NUGL announced the expansion of its global marketing campaign to include a highly sought-after category – cannabis brands and accessories, which is estimated to be a $9 billion market and growing.
NUGL’s user-friendly cannabis search app is designed to respond to the specific needs of the cannabis industry and its consumer base. Adding cannabis brand categories to NUGL’s profile listings allows brands to make connections with dispensaries, which means branded products can now be highlighted at all locations where they are available for purchase.
“This is one of the core competencies of why we built NUGL. The brand search is truly unique, and we feel it is the best and only one of its type in the industry,” said Jeff Odle, CTO of NUGL. The NUGL Business-to-Business application is one of – if not the most – robust software apps now being offered to assist brands and services in marketing and sales efforts.
Currently trading at a $59 million market valuation NUGL has $18k in the treasury, $200k in debt and no revenues to date, the stock Company also has a long history of promotions in prior incarnations and there have been many. While the Company states that “NUGL is the New Standard for Cannabis Technology” they are still in the infancy and the website nugl.com has yet to receive any significant traffic. 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.