Cannabis Concern Assures Investors During COVID Crisis

Just because some companies and some jurisdictions have a firmer handle than before on their COVID-19 response, doesn’t mean they believe the crisis is over. Far from it; all that’s meant is that they need to be more creative and courageous in weathering the storm.

The health-care sector in New York is up 1.3% this afternoon; nothing comparable appeared from north of the border, where health-care stocks shied away 0.2%.

Los Angeles-based NUGL Inc. (OTC: NUGL) which refers to itself as “a search directory and multimedia platform for the cannabis industry,” is releasing this corporate update on the current status during the COVID-19 quarantine period and future growth strategy of the company.

A spokesperson for the company, who remained unidentified in Tuesday’s news release, reported “First and foremost, our thoughts are with those infected by the COVID-19 virus, and we would like to formally acknowledge and thank the brave first responders, essential business employees, and medical professionals for risking their lives and getting the country and world through this.

The representative concluded, “I want to assure our clients and investors that NUGL has been and will continue to be committed to building fantastic technology for our industry. Our focus for the future will be meeting the immediate needs of our clients during the rebuilding period post-quarantine.”

NUGL shares neared the close of Tuesday’s session up 8.1% to 9.39 cents, on volume of 13,000 shares.