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NUGL
NUGL, INC. · OTC: NUGL · OTC Markets - Basic Market (OTCID)

InvestorRelations.

NUGL, Inc. · FY ends December 31

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Latest Annual Revenue
$3,454K
2025
Gross Margin
57.21%
2025
Latest Quarter Revenue
$852K
Q1 2026
Available Filings
12
OTC Markets
ProfileFinancialsDisclosure
Viewing Filing:
Q1 2026 Quarterly Report
As of Mar 31, 2026

NUGL delivers Q1 2026 revenue growth, positive operating income, and accelerated delivery expansion across Jamaica.

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Key Performance Indicators

Revenue
$851,939
+13.4% YoY
Gross Profit
$461,218
+9.1% YoY
Operating Income
+$23,136
+8.8% YoY
Cash on Hand
$136,522
+12.3% vs Dec 31, 2025
Net Loss
-$96,439
Non-cash derivative-driven
Stockholder Equity
$1,724,497
Mar 31, 2026

Q1 2026 Milestones

Revenue Growth Continues

Q1 2026 revenue of $851,939, up 13.4% from $751,048 in Q1 2025, reflecting stronger customer traffic, expanded cultivation capacity, and continued retail momentum.

Positive Operating Income

Reported $23,136 in operating income for the quarter — continued operational discipline across retail, cultivation, processing, and hospitality.

Gross Profit Expansion

Gross profit expanded 9.1% to $461,218 vs. $422,724 in Q1 2025.

Jamaica Off-Site Delivery Rollout

Following CLA regulatory amendments authorizing off-site cannabis delivery under defined compliance conditions, NUGL is advancing delivery infrastructure and operational rollout plans across Jamaica.

Retail Network

Continued licensed retail coverage in Kingston, Drax Hall, Falmouth, and Ocho Rios, alongside cultivation, processing, hospitality, and digital initiatives.

Tourism Tailwinds

Jamaica's tourism sector recorded 1M+ visitor arrivals and ~$956M in tourism earnings in Q1 2026 despite Hurricane Melissa impact — supportive of destination-oriented retail.

Balance Sheet Snapshot

total assets$4,081,563
total liabilities$2,357,066
total equity$1,724,497
cash and equivalents$136,522
working capital$128,889
accumulated deficit-$8,955,259

Capital Structure

common shares outstanding999,778,131
common shares authorized1,000,000,000
preferred shares outstanding2,000,000
preferred shares authorized10,000,000
shareholders of record195
par value$0.001

Leadership

Balram Vaswani
Director, Chief Executive Officer, Interim Chief Financial Officer

2026 Outlook

Q1 2026
Continued rollout of off-site delivery infrastructure following Jamaica CLA regulatory amendments. Management believes delivery expands customer accessibility, supports brand loyalty, and creates new revenue opportunities.
Strategic Priorities
Advance the NUGL.AI Business Hub — proprietary platform integrating real-time news, market intelligence, digital asset tracking, and global cannabis sector discovery.
Expand retail and brand presence across Jamaica through cultural activations, tourism-focused initiatives, and collaborations including TYSON 2.0.
Scale higher-margin segments: hospitality, branded products, and select international expansion as medical cannabis import/export frameworks mature.
Continue rollout of off-site cannabis delivery infrastructure following Jamaica CLA regulatory amendments.

Risk Disclosures

  • Forward-looking statements are subject to economic conditions, regulatory changes, and competition in cannabis markets.
  • Macroeconomic and industry-specific challenges remain; Jamaica is still recovering from Hurricane Melissa.
  • Net loss for the quarter includes a non-cash $85,909 change in derivative liability — operating performance is positive.
  • The Company may require additional financing to fund ongoing operations and growth initiatives.
  • Refer to NUGL's filings with OTC Markets for the full risk factor disclosure.

Forward-looking statements are subject to risks and uncertainties. Refer to the full 2025 Annual Report for complete disclosures.

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