LOS ANGELES, Feb. 26, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — NUGL Inc. (NUGL) (the “Company”), a one-stop shop for all things cannabis through the intelligent connection of consumers and companies, is pleased to announce the launch of its social media platform that includes features such as user profiles, real-time feeds and posts, direct messaging and more.
“For the last few months we have quietly been developing a social media platform we like to refer to as ‘Software with no Limits,’” stated CJ Melone, Founder of NUGL. “We believe our social media platform performs better than any social media platform in or out of the industry and we allow all types of cannabis companies to use the software unlike other social media platforms. We build a fully integrated platform that we hope to not only help the cannabis industry thrive but compete in mainstream markets. We don’t see any reason why the cannabis industry, its business and its community need to be confined or limited in any way. We built this with the user in mind as well as full integration with our business profiles for anyone that likes cannabis and likes social media. Our platform provides real-time communication and is a major step in providing the industry with no limitations on the internet,” stated Melone.
NUGL is now offering what they believe is a full solution on the NET combining social media, profiles with map search and NUGL Media’s ad server and magazines both in print and digital form. “When we launched our business profiles I really thought our development team outdid themselves. We kept getting community feedback from our user base asking why we didn’t offer user profiles with enhanced features. We also knew companies such as Facebook and Instagram did not support cannabis companies, so we thought, let’s just build the best social media platform there is. I think our team did just that,” stated Bob Waters, V.P. of sales.
The Business Insider reports, “Social ad revenue in the U.S. will surpass $30 billion by 2021, according to new estimates from BI Intelligence, Business Insider’s premium research service, based on historical data from IAB, PwC, and HIS; industry standard data collection companies. This figure is up from an estimated $15.5 billion in social ad revenue in 2016 and represents a five-year compound annual growth rate (CAGR) of 15%.”
NUGL will be launching the new platform they call “limitless” to the market in early March and are confident not only will the platform stand on its own with companies like Facebook, but also complement all the other NUGL digital and print assets.
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.
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Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans”, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.