Business
NUGL Announced Retirement of Over $500,000 of Corporate Debt and Expands Advertising Platform Outside of Network
NUGL Announced Retirement of Over $500,000 of Corporate Debt and Expands Advertising Platform Outside of Network.
About this update from Nugl, Inc.
[{"type":"text","content":"\nLOS ANGELES, Feb. 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- NUGL Inc. (OTC: NUGL) (the “Company”), a one-stop shop for all things cannabis through the intelligent connection of consumers and companies, is pleased to announce that it has significantly and beneficially converted its corporate debt. Approximately $540,000 in debt has been converted at $1.44, for an aggregate issuance of approximately 377,000 restricted common stock shares to noteholders of the Company.\n “We are very pleased to further unencumber the Company via this beneficial debt restructuring,” stated Brandon Vargas, CEO, NUGL Inc. “This shows confidence in our efforts and the long-term commitment our investors have made to NUGL. We will work to deliver on the promise of a strong balance sheet and ability to grow market share month after month.” “Additionally, we are most pleased to have begun to deploy our first significant out of network advertisements.  We have taken our internal advertising platform and built copiabilities to run ads on any platform, any website in any industry.  This expands our ability to advertise far beyond the reach of NUGL with limitless revenue opportunities,” added Vargas. “We have started to post ads for our client on third party websites last week.” 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. NUGL wishes to continue to remind investors that there is unapproved information about NUGL being disseminated by unknown third parties. Investors are encouraged to rely only on...