$NUGL Could NUGL Become the Google of Cannabis?
- Search engine features focused on cannabis commerce
- “Business media” platform that makes networking easier
- One-stop shop for both consumers and commercial operators
There’s a good chance that, very soon, someone who wants information on cannabis commerce will “NUG-L” with an application developed by NUGL Inc. (OTC: NUGL), in much the same way that they “Google” a topic. The tech company, located in Chino Hills, California, is aiming to become a leader in fostering communication and business relations in the cannabis space. To do so, it has developed a distinct platform that is part Google, part LinkedIn, which will allows users to not only find information on products, services and much more related to cannabis, but also facilitate networking and alliances between brands and service providers. NUGL’s leading edge, first-of-its-kind search app and online directory for the marijuana industry may soon be a one-stop shop for dispensaries, hydro stores, vape shops, brands and strains, as well as doctors, lawyers and other service professionals.
As Technical Engineer CJ Melone of NUGL explained in a recent interview (http://nnw.fm/K0jS9), “We basically built an application that addresses every type of business in the 420 sector… and the businesses range from services, such as a CPA, a real estate agent… we cover all the storefronts, such as dispensaries and hydro stores, and we really are focusing on brands. And a brand could range from a vape pen coming out or a certain strain of marijuana, and what we’re seeing is that as the industry is becoming more sophisticated and it’s evolving, people and users are looking for that level of sophistication. They don’t want to just find marijuana or a store that sells it, they want to find a certain strain or brand of marijuana, and it’s just a natural step in evolution.”
“So we built profiles that address all these types of companies and it’s good, because it gives brands and services the ability to network ‘on the back end’, and a brand could start setting up distribution, and start making connections with dispensaries; a type of nutrient could start making connections with hydro stores or grow houses; and services can start making connections to people that need it. And what’s even more important is that this is a ‘value-add’ to the user, since they can find more things online and in a more detailed way, so it’s a win-win on both sides,” he continued.
The “profiles” are a feature that is proving to be especially favored. The wealth of information a profile provides “almost alleviates the need for a company to have a web site.” They will undoubtedly play an important role as dispensaries and other cannabis retail establishments search for suppliers and service providers. Indeed, this B2B capability of the application gives NUGL a unique position in the cannabis sector, making the company not simply a search platform but a “business media” portal. NUGL expects that as businesses and professionals become more familiar with the platform, this B2B characteristic will take on increasing importance. It is presently engaging in a variety of educational outreaches to teach the community how to use the back end of the software.
The company continues to enhance the application – it is rolling out new features every week – based on feedback received from the ecosystem of cannabis businesses, service providers and consumers, and it expects to start charging for some services in the very near future.
“We are going to start monetizing soon,” explained Melone. “You know software is a funny thing. Sometimes it’s better to start charging 5 million eyeballs later, than 500 hundred eyeballs today… We are getting into the market very methodically. We are gaining users and brands. We are putting together some strategic alliances. It’s going good. We are growing every day. We are not trying to do things on a whim. We are in this for the long haul.”
For more information, visit the company’s website at http://nnw.fm/NUGL
More from NetworkNewsWire
- First Assay Results from Lithium Drill Project Increase Potential of Lithium Chile Inc.’s (TSX.V: LITH) (OTCQB: LTMCF) Search
- CytoDyn Inc. (CYDY) to Acquire Biotech Developing Therapies to Stop Cancer from Spreading
- Pressure BioSciences Inc. (PBIO) Launches HUB880 Explorer; First Instrument Sold to Leading Japanese Research Institute
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
TraderPower Featured Companies
Top Small Cap Market News
- $SOBR InvestorNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Closes on $8.2M Private Placement
- $CLNN InvestorNewsBreaks – Clene Inc. (NASDAQ: CLNN) Announces Participation at Two Upcoming Investor Conferences
- $ATBHF Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Updated Report on Storm Copper Project Drilling Program
- $LGVN InvestorNewsBreaks – Longeveron Inc. (NASDAQ: LGVN) to Present at This Month’s Congenital Heart Surgeons’ Society Annual Meeting
- $LEXX InvestorNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Begins Subject Dosing in Human Pilot Study #3 Evaluating Oral DehydraTECH-Processed Tirzepatide
- $FSTTF InvestorNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) Shares Additional Information on the PyroDelta Thermoelectric Generator, Relationship with Subsidiary
- $TMET.V Gold Stutters as Strong US Jobs Data Dampens Expectations of Large Rate Cuts
- $RFLXF JPMorgan Executive Says US Backlash Against ESG Is Exaggerated
- $SFWJ InvestorNewsBreaks – Software Effective Solutions Corp. (d/b/a MedCana) (SFWJ) Releases Report on Series of Acquisitions, Multiple Cannabis Licenses
- $EAWD IEA Hosts G20 Ministers, Influential Personalities to Discuss Clean and Affordable Energy Transition
Recent Posts
- $EAWD IEA Hosts G20 Ministers, Influential Personalities to Discuss Clean and Affordable Energy Transition
- $SFWJ InvestorNewsBreaks – Software Effective Solutions Corp. (d/b/a MedCana) (SFWJ) Releases Report on Series of Acquisitions, Multiple Cannabis Licenses
- $RFLXF JPMorgan Executive Says US Backlash Against ESG Is Exaggerated
- $TMET.V Gold Stutters as Strong US Jobs Data Dampens Expectations of Large Rate Cuts
- $FSTTF InvestorNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) Shares Additional Information on the PyroDelta Thermoelectric Generator, Relationship with Subsidiary
- $LEXX InvestorNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Begins Subject Dosing in Human Pilot Study #3 Evaluating Oral DehydraTECH-Processed Tirzepatide
- $LGVN InvestorNewsBreaks – Longeveron Inc. (NASDAQ: LGVN) to Present at This Month’s Congenital Heart Surgeons’ Society Annual Meeting
- $ATBHF Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Updated Report on Storm Copper Project Drilling Program
Recent Comments
Archives
- October 2024
- January 2023
- June 2022
- December 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009