NUGL Inc. announced it has entered into a joint venture agreement with Kaya Group to share intellectual property as an interim step to a proposed merger with Kaya. As part of the joint venture agreement NUGL has agreed to issue, in a series of tranches, USD 400,000 aggregate principal amount of convertible notes. The joint venture agreement allows Kaya and the company to begin utilizing each other’s intellectual property to strengthen each brand and create jointly owned intellectual property. In addition, the parties have agreed to work towards a definitive merger transaction. Should the companies not complete the merger, the USD 400,000 note will convert into equity of Kaya. The proposed merger will give both NUGL and KAYA an opportunity for further expansion and diversification internationally as more countries decriminalize or put in place new regulatory and legal frameworks for the sale and use of cannabis.