NUGL Inc. (OTC: NUGL), the cannabis industry’s new standard of technology, this morning announced its entry into a binding letter of intent to purchase Nichols Publishing Company, Inc., an Iowa-based corporation that publishes industry-known magazine publications such as the Professional Marijuana Grower and Garden & Greenhouse. “Each magazine has a specific audience that is complementary to the NUGL business model,” Ryan Bartlette, CMO of NUGL, stated in the news release. “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.” 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, Robin Nichols, founder of Nichols Publishing, is expected to join NUGL, assuming responsibility for the publication operation under the NUGL name.
To view the full press release, visit http://ibn.fm/FdHlB
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, visit the company’s website at www.NUGL.com
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