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

InvestorRelations.

NUGL, Inc. · FY ends December 31

Live · OTC: NUGL
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Latest Annual Revenue
$3,454K
2025
Gross Margin
57.21%
2025
Latest Quarter Revenue
$1,258K
Q2 2026
Available Filings
13
OTC Markets
ProfileFinancialsDisclosure
Viewing Filing:
Q2 2026 Quarterly Report
As of Jun 30, 2026

NUGL delivers record quarterly revenue of $1.26M and returns to net profitability in Q2 2026, with operating income up sharply year-over-year.

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Key Performance Indicators

Revenue
$1,258,000
+45.3% YoY
Gross Profit
$610,462
+30.8% YoY
Operating Income
+$135,841
vs. $19,590 in Q2 2025
Net Income
+$32,329
vs. -$391,914 in Q2 2025
Cash on Hand
$145,148
+19.4% vs Dec 31, 2025
Stockholder Equity
$1,756,826
Jun 30, 2026

Q2 2026 Milestones

Return to Net Profitability

Q2 2026 net income of $32,329 versus a net loss of $391,914 in Q2 2025 — driven by revenue growth, margin discipline, and a smaller non-cash derivative charge.

Record Quarterly Revenue

Revenue of $1,258,000, up 45.3% from $866,024 in Q2 2025 — the strongest quarter in Company history, led by retail traffic and expanded cultivation output.

Strong Operating Income

Operating income of $135,841, up from $19,590 in Q2 2025, reflecting continued cost control across retail, cultivation, processing, and hospitality.

Gross Profit Expansion

Gross profit of $610,462, up 30.8% year-over-year, with gross margin sustained near 49%.

Jamaica Retail & Hospitality

Four active medical cannabis dispensaries operating in Jamaica alongside Kaya Pizza and the Square Grouper Bar; the Gap Café Blue Mountains is undergoing repairs following Hurricane Melissa.

NUGL App Beta

The NUGL digital platform continued beta testing, advancing the NUGL.AI Business Hub for real-time news, market intelligence, and cannabis sector discovery.

Balance Sheet Snapshot

total assets$4,129,063
total liabilities$2,372,237
total equity$1,756,826
cash and equivalents$145,148
accumulated deficit-$8,922,930

Capital Structure

common shares outstanding999,778,131
common shares authorized1,000,000,000
preferred shares outstanding2,000,000 (Series B Convertible)
preferred shares authorized10,000,000
shareholders of record195
par value$0.001

Leadership

Balram (Bali) Vaswani
Director, Chief Executive Officer, Interim Chief Financial Officer
Ben Kaplan
Director

2026 Outlook

Near-Term Outlook
Full-year 2026 focus on sustaining profitability, completing Hurricane Melissa recovery, scaling the four Jamaican dispensaries, and advancing the NUGL App beta and NUGL.AI Business Hub.
Strategic Priorities
Sustain the return to net profitability through continued revenue growth and margin discipline.
Complete Hurricane Melissa recovery, including repairs to the Gap Café Blue Mountains wellness and hospitality asset.
Scale the four active Jamaican dispensaries and higher-margin hospitality, branded product, and cultivation segments.
Advance the NUGL App beta and the NUGL.AI Business Hub — real-time news, market intelligence, and global cannabis sector discovery.
Expand premium brand partnerships and evaluate financing alternatives to support growth.

Risk Disclosures

  • The Company's recurring history of net losses raises substantial doubt about its ability to continue as a going concern.
  • Hurricane Melissa aftermath may increase short-term capital requirements during ongoing recovery.
  • Outstanding convertible debt may have a dilutive impact upon conversion.
  • 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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