Business
NUGL Files Year-End Financials, Posts First Revenues
NUGL Files Year-End Financials, Posts First Revenues.
About this update from Nugl, Inc.
[{"type":"text","content":"\nLOS ANGELES, CA, April 09, 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, has posted its 2018 year-end financials. NUGL is pleased to announce that the Company has recorded its first revenue during Q4 as a result of the completion of significant technological developments and a strategic acquisition.\n The complete filing is available at the following link: http://www.nugl.com/invest.html “While this early revenue is not significant with regard to its overall dollar value, at this point it is tremendously significant insofar as it proves that a cannabis start-up with a vision to create a monetizable hub of commerce in this space is now actually producing revenue,” stated Brandon Vargas, CEO, NUGL. “Our apparatus is built, our network is built, and we can now aggressively pursue increased revenue through these now proven channels.” NUGL is excited about generating advertising revenue with the launch of its ad server and purchase of Nichols Publishing in late 2018 which included two influential industry publications. “The acquisition of Nichols Publishing was a great strategic move that brought immediate revenue into the company and gave NUGL the ability to expand on this sale,” stated Robin Nichols, President of NUGL Media Group. “We are acquiring and developing a multi-media universe of publications and reach, all of which will be used to funnel highly targeted traffic to our ad engine.” NUGL’s sales have been growing month after month with advertising revenue.  NUGL is launching NUGL Magazine, its third print magazine, on 4/20 this month. “This publication will give us even more cannabis readers and a sales platform,” stated Nichols. “And of course, having a publication named for NUGL assuredly helps us create our thought leader status in the rapidly growing cannabis sector.” NUGL is launching NUGL 2.0 this month.  NUGL 2.0 aspires to be the best social media platform in the market with unique and new revenue streams. Social media is the number one advertising revenue generator in in the world and continues to grow. Combining NUGL print and digital footpri...