NUGL - NUGL and Jamaica's leading cannabis group enter a JV

NUGL (OTCPK:NUGL) enters into a joint venture agreement with Kaya Group, Jamaica’s leading, vertically-integrated group of medical cannabis companies, to share intellectual property as an interim step to a proposed merger with Kaya. Company has agreed to issue, in a series of tranches, $400,000 aggregate principal amount of convertible notes, as a part of the JV. The JV will allow utilizing each other’s intellectual property to strengthen each brand and create jointly owned intellectual property. “The strategic partnership of NUGL’s media infrastructure and KAYA authentic lifestyle brand and unique retail experience will help us chart new ground internationally as we continue to deliver high-quality services and products while building shareholder value,” stated CEO CJ Melone.

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NUGL and Jamaica's leading cannabis group enter a JV