LOS ANGELES, Sept. 11, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – NUGL Inc. (NUGL) (the “Company”), the cannabis industry's new standard of technology, today announces the expansion of its global marketing campaign to include a highly sought-after category - cannabis brands and accessories, which is estimated to be a $9 billion market and growing.
NUGL’s user-friendly cannabis search app is designed to respond to the specific needs of the cannabis industry and its consumer base. Adding cannabis brand categories to NUGL’s profile listings allows brands to make connections with dispensaries, which means branded products can now be highlighted at all locations where they are available for purchase.
“This is one of the core competencies of why we built NUGL. The brand search is truly unique, and we feel it is the best and only one of its type in the industry,” said Jeff Odle, CTO of NUGL. The NUGL Business-to-Business application is one of - if not the most - robust software apps now being offered to assist brands and services in marketing and sales efforts.
Cannabis connoisseurs and newbies alike will find NUGL’s cannabis brand search function intuitive and responsive, now giving users the ability to search for name brands, types of flower, edibles and more. Cannabis brands are becoming more prominent in the industry as discriminating cannabis users become more loyal to the type of cannabis products they choose.
Forbes Magazine states, “Within consumer products, the emergence of dominant brands has been primarily centered around non-flower products: concentrates and vapes, edibles, and other ingestible in particular.” These profiles give users and cannabis industry professionals a much larger rolodex with better search and networking capabilities.
“We have an edge over the competition. Everyone is fighting over the dispensaries and charging large sums of money for a simple listing,” said Ryan Bartlette, CMO of NUGL “We have a much broader client base by expanding profiles far beyond dispensaries to include brands and services. The industry is growing and relatively untapped, so we will market to all of it.”
In 2017, U.S. legal cannabis sales were estimated at $9.2 billion by Arcview Market Research/ BDS Analytics. The organization forecasts a $47.3 billion market by 2027.
NUGL’s uniquely designed cannabis database platform features first-to-market technology that is attracting users and listings on a daily basis. 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.
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.
For more information and updates, visit one of the links below.
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.