NetworkNewsBreaks – NUGL Inc. (NUGL) Enters LOI
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Posted On: 10/15/2018 5:49:54 PM
NetworkNewsBreaks – NUGL Inc. (NUGL) Enters LOI to Acquire Nichols Publishing Company, Inc.
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.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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