The NUGL Opportunity is at the Intersection of Technical and Fundamental Catalysts

Date : June 28, 2019

New Opportunity:  NUGL Inc. (OTCMKTS:NUGL)

 

As we begin the next leg of the cannabis craze, we have another all-star pick for you today. For those of you who have been playing along, our last couple of plays hit the jackpot (one was a literal TEN BAGGER, and the next was up a meager 56% — oh boohoo), so we hope you are ready for another runner.

 

Today’s new pick just returned a massive tranche of shares to treasury, sharply reducing dilution risk and realigning the stock powerfully with the interest of its shareholders, past, present, and future.

 

We like to see that.

 

Especially when it’s in the red-hot pot stock space, comes in the form of a company with a truly unique angle on the game, and represents a massive growth curve – 200% y/y revenue jump. Check it out!

 

Symbol:  NUGL

Company:  NUGL Inc.

Quote:  http://finance.yahoo.com/q?s=NUGL

Latest News:  http://finance.yahoo.com/q/h?s=NUGL+Headlines

Who is NUGL

NUGL Inc. (OTCMKTS:NUGL) is the world’s first cannabis search app built for the people, by the people.

 

According to the company’s site, NUGL connects cannabis companies across the nation, bringing the cannabusiness community closer together while facilitating connections with consumers in emerging and expanding markets. Its software platform is built to encourage and sustain networking connections and provide a more detailed, focused search experience for its users.

The company’s goal is to build the most user-friendly app experience in the cannabis industry by listening to its users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. The company doesn’t sell top-spot listings or fake reviews, so its 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.

 

Headquartered in Chino Hills, CA, NUGL Inc. is an unbiased search engine and online directory for the marijuana industry that adjusts rankings based on community input. NUGL database includes listings for dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands.

 

The company focuses on leading the evolution in business relations, development and organic data in the cannabis industry with metasearch technology. Additionally, with the brand-centric search engine software, consumers can very easily find stores offering their favorite products while various brands can promote their offerings for sales and distribution.

Recent Catalysts

The company just announced it has posted consecutive increased quarterly earnings that reflect an over 200% increase in revenue compared to the same quarter of the previous year.

 

According to the release, “NUGL’s quarterly financials continue to exceed the expectations of management. First quarter revenues increased by 33% and were generated from multiple sources and revenue streams. NUGL generated revenue from all three publications, NUGL Magazine, Garden and Greenhouse and Professional Marijuana Grower in both digital and print formats.”

 

The company also recently announced the cancellation of outstanding shares of common and preferred stock in an effort to increase overall shareholder value. In addition, the company is pleased to announce it has taken all necessary action to cancel and return to treasury all 10,000,000 outstanding Preferred Shares and 5,000,000 Common Shares effective June 20, 2019.

We also like the fact that NUGL has teamed up with Dr. Shah and Mandala MD to create NUGL MD – an online telehealth network allowing you to speak with a doctor anywhere, at any time. Utilizing a team of knowledgeable and certified MMJ doctors across every legal state into a single platform, NUGL MD will prove to be the most simple and cost effective means for patients to obtain their medicinal marijuana cards.

This type of services segment holds enormous promise.

Technical Analysis

The stock has pulled back to key support. And this level has been extremely production in recent action. The last time it was hit, we saw an immediate rip of 75% over 6 days. A few months earlier, the same level was tested, and it launched the stock over 200% in less than a month.

 

It’s a springboard, and it’s there once again. And this time, RSI is signaling a major bullish reading, with a print around the important 30 index level on the indicator.

About NUGL

About NUGL

 

NUGL (NUGL Inc.) 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.

Key Points:

  • NUGL just posted 200% y/y top line growth
  • NUGL is making real money, with trailing revs already coming in at $169K.
  • NUGL is breaking into the rich cannabis services space, and is already expanding its platform to compete with powerhouses in the telehealth space.
  • NUGL shares are testing key support, where the stock has been regularly launching for multi-bagger gains.
  • NUGL is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.

 

Conclusion

 

NUGL represents both a technical and fundamental opportunity. The company is a play on the rapidly growing cannabis patch theme, with a strong offering in the services side, where competition is far less developed than in the production space.

 

In addition, we already see very strong growth. But the crowd has yet to pick up on the idea, so new prospective bulls on the stock have the chance to check it out here, at key support, where it major rallies have taken root in the recent past.

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