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NUGL Inc (NUGL) is a company that provides networking and advertising opportunities for cannabis industry businesses to connect with consumers in regions where cannabis is legal. Recently, the company has entered into a significant share exchange agreement with Silo Wellness in the psychedelic wellness industry, representing a milestone towards expansion and collaboration within the market. With top-line revenue growth and a strategic partnership with Silo Wellness, NUGL aims to solidify its presence in Jamaica and tap into the growing psychedelics industry. The company operates within the multibillion-dollar industry and is focused on offering transformative plant medicine wellness experiences for consumers.

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Silo Wellness to acquire NUGL Inc. in a CAD $43.3 million transaction
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NUGL: Kaya Group and Silo Wellness Inc. Announce Strategic Partnership for Psychedelic Wellness Retreats in Jamaica. Silo Wellness acquires 25,081,369 shares of NUGL in exchange for 15,293,640 shares of Class A common stock. The partnership aims to enhance retreat experiences and market presence, tapping into the multibillion-dollar psychedelic wellness industry. With the global market projected to reach $5.7 billion by 2027, the collaboration signifies significant growth potential for both companies.
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Kaya Group (OTC: NUGL) has announced a series of wellness events in Jamaica aimed at enhancing brand awareness and driving revenue growth. These events include a full-moon cycling event on March 8, a sunset Herbtails and Coffee festival afterparty on March 25, and a wellness celebration featuring yoga and live music on April 6. Additionally, Kaya will participate in the Scarce Festival Cannabis Cup on April 20. Jamaica's tourism sector is rebounding post-pandemic, with expected revenues of $4.2 billion for the fiscal year. Kaya aims to capitalize on this trend with its unique offerings, including psilocybin mushrooms and fine coffee.

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Kaya Group (OTC: NUGL) has announced plans to expand its profitable operations in Jamaica, focusing on cannabis, hospitality, and psychedelic offerings. The company has seen a 15% year-over-year sales growth, with medicinal cannabis sales driving this increase. By optimizing its resources and through licensing opportunities, Kaya aims to strengthen its brand and enhance operational synergies. The company reported a 12.5% increase in membership and a 75% increase in foot traffic from Q3 to Q4 2022. Kaya's strategic focus on its Jamaican roots aims to improve margins and establish a strong market presence moving forward.

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Kaya Group (OTC: NUGL) has announced its role as a sponsor of the 2023 Rebel Salute Festival, taking place on January 20-21 at Grizzly's Plantation Cove, Jamaica. This festival, which expects 40,000 attendees, emphasizes the cultural significance of ganja and reggae music. Kaya aims to educate the public on cannabis-related matters through the Herb Curb, an initiative launched by the Jamaican government. The event will feature over 60 reggae artists and showcases Kaya's commitment to promoting Rastafarian culture. The company continues to expand its operations in Jamaica, with multiple herb houses and wellness centers.

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Kaya Group (OTC: NUGL) is entering the burgeoning legal psilocybin market in Jamaica, targeting a potential multibillion-dollar industry. The company's Kaya Extracts subsidiary aims to develop and distribute psilocybin mushrooms and capsules at its Herbhouse locations. This follows Jamaica's relaxed regulations on psilocybin, with local demand growing. The country sees prospects in cultivation and treatment facilities, with an estimated $8 billion global market by 2028. Kaya is committed to high-quality, responsibly sourced products to address mental health conditions.

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Kaya Group has restored the iconic Gap Café in Jamaica's Blue Mountains, enhancing its profile as a wellness center. Following its soft opening, guests enjoyed food and live music, marking a significant upgrade in service with high-speed internet from Starlink. The café’s offerings include traditional Jamaican cuisine and premium Blue Mountain coffee. Future plans involve expanding retail space and accommodations, aiming for a full weekend schedule by Spring 2023. CEO Bali Vaswani emphasized the café's cultural significance and its alignment with Kaya's holistic principles.

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FAQ

What is the current stock price of NUGL (NUGL)?

The current stock price of NUGL (NUGL) is $0.0055 as of April 16, 2024.

What is the market cap of NUGL (NUGL)?

The market cap of NUGL (NUGL) is approximately 1.7M.

What does NUGL Inc do?

NUGL Inc offers networking and advertising opportunities for cannabis industry businesses to connect with consumers in regions where cannabis is legal.

What recent achievement has NUGL Inc made?

NUGL Inc recently entered into a share exchange agreement with Silo Wellness in the psychedelic wellness industry, marking a significant milestone for the company's expansion and collaboration.

Where is NUGL Inc headquartered?

NUGL Inc is headquartered in Chino Hills, California.

What is NUGL Inc's focus?

NUGL Inc focuses on providing transformative plant medicine wellness experiences to consumers.

What is the financial condition of NUGL Inc?

NUGL Inc has seen top-line revenue growth and profitability, with a strategic partnership with Silo Wellness to further enhance its market presence.

What is NUGL Inc's partnership with Silo Wellness about?

NUGL Inc's partnership with Silo Wellness aims to provide holistic and diversified experiences at wellness retreats, combining cannabis and psilocybin offerings.

What is the market projection for the psychedelic drugs industry?

The global market for psychedelic drugs is projected to be worth $5.7 billion by 2027, creating significant growth opportunities for companies like NUGL Inc.

Who is the CEO of Silo Wellness?

Mike Arnold is the founder and CEO of Silo Wellness, leading the company's vision to offer holistic treatments and broaden its international footprint.

Who is the CEO of NUGL Inc?

Bali Vaswani is the CEO of NUGL Inc and the founder of Kaya, emphasizing the potential benefits of psilocybin offerings in the Jamaican market.

What are the core operations of NUGL Inc?

NUGL Inc operates by providing targeted networking and advertising opportunities for cannabis industry businesses.

What is the significance of NUGL Inc's partnership with Silo Wellness?

NUGL Inc's partnership with Silo Wellness signifies a strategic move to expand its presence in the psychedelic wellness industry and capitalize on the growing market opportunities.

When was NUGL Inc incorporated?

NUGL Inc was incorporated in 2015 and is headquartered in Chino Hills, California.
NUGL INC

OTC:NUGL

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1.75M
48.62M
Internet Content & Information
Communication Services
United States of America
Chino