NUGL, Inc. (OTCPK:NUGL) entered into a binding letter of intent to acquire Nichols Publishing Company Inc. for $1 million on October 15, 2018. NUGL will acquire Nichols Publishing in exchange for $1 million in NUGL common stock. Following the acquisition, Nichols Publishing will join NUGL and will be responsible for the publication operation under the NUGL name. NUGL anticipates completing its due diligence by the end of October 2018 and hopes to have definitive agreements completed for closing by December 2018.