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May 15, 2026 4:50 PM

NUGL, Inc. Reports Strong Q1 2026 Results with Revenue Growth, Positive Operating Income and Continued Delivery Expansion in Jamaica

KINGSTON, Jamaica and LOS ANGELES, May 15, 2026 (GLOBE NEWSWIRE) -- NUGL, Inc. (OTC:NUGL) ("NUGL" or the "Company"), operator of the KAYA cannabis brand in Jamaica, today reported financial results for the first quarter ended March 31, 2026, highlighting continued revenue growth, positive operating income, increased cash on hand, and ongoing advancement of the Company's vertically integrated cannabis and lifestyle operations.

For the three months ended March 31, 2026, the Company generated revenue of US$851,939, representing an increase of 13.4% compared to revenue of US$751,048 for the same period in 2025. Gross profit increased 9.1% to US$461,218, compared to US$422,724 in Q1 2025.

The Company reported positive operating income of US$23,136 for Q1 2026, compared to US$21,268 during the prior-year period, reflecting continued operational discipline, increased cultivation capacity, stronger customer traffic, and improved performance across retail and hospitality operations.

Cash on hand increased to US$136,522 as of March 31, 2026, compared to US$121,554 as of December 31, 2025.

Selected financial highlights for the quarter ended March 31, 2026 include:

Financial Metric

Q1 2026

Q1 2025 / Prior Period

Change

Revenue

US$851,939

US$751,048

+13.4%

Gross Profit

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