SLANG Worldwide Enters into Waiver and Support Agreement with Secured Lenders in Anticipation of Upcoming Maturity Date
Toronto, Ontario--(Newsfile Corp. - October 9, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that it has entered into a waiver and support agreement (the "Support Agreement") with, among others, the secured lenders (the "Lenders") under the Company's credit and guaranty agreement dated November 15, 2021, as amended (the "Credit Agreement")...
2024-10-09 9:11 AM EDT
SLANG Worldwide Announces Resignation of Director
Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), today announced that Todd Boudreau has resigned from the Company's Board of Directors as a result of other commitments, effective immediately. Mr. Boudreau was first elected to the Board in 2022. "The Board of Directors thanks Todd for his contributions to the Company and the direction he has provided over his tenure," said Ruth Chun, Board Chair. "The Company was...
2024-10-01 5:00 PM EDT
SLANG Worldwide Announces Second Quarter 2024 Financial Results
Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a cannabis consumer packaged goods (CPG) company, today released financial results for the three and six months ended June 30, 2024. All figures in this press release are stated in Canadian dollars unless otherwise noted.John Moynan, Chief Executive Officer of SLANG, said, "This quarter we achieved reduced operating expenses year-over-year, increased wholesale...
2024-08-27 5:11 PM EDT
SLANG Worldwide Announces Director Resignation
Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that Sandra Levy will be resigning from the Company's Board of Directors, effective immediately, to focus on other outside responsibilities and engagements. "On behalf of the Board of Directors and the executive management team, we want to...
2024-06-28 4:30 PM EDT
SLANG Worldwide Announces Issuance of Equity Incentives
Toronto, Ontario--(Newsfile Corp. - June 14, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, has approved the grant of 3,299,040 incentive stock options to the independent directors of the Company (the "Options") to acquire common shares in the capital of SLANG (each a "Common Share"). The Options are non-transferable and exercisable until June...
2024-06-14 6:36 PM EDT
SLANG Worldwide Announces First Quarter 2024 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 30, 2024) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today released financial results for the three months ended March 31, 2024. All figures in this press release are stated in Canadian dollars unless otherwise noted."Our results for the first quarter demonstrated the importance of SLANG's diversified...
2024-05-30 7:30 AM EDT
SLANG Worldwide Announces First Quarter 2024 Conference Call Details
Toronto, Ontario--(Newsfile Corp. - May 22, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its first quarter 2024 financial results and conference call.The Company plans to release its financial results for the quarter ended March 31, 2024, before markets open on May 30, 2024. Management plans to...
2024-05-22 7:30 AM EDT
SLANG Worldwide Announces Q4 and Year-End 2023 Financial Results
Launched wholesale offering in Vermont to capitalize on increase in licensed retail businessesToronto, Ontario--(Newsfile Corp. - April 12, 2024) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today...
2024-04-12 7:30 AM EDT
SLANG Worldwide Announces Fourth Quarter and Full Year 2023 Conference Call Details
Toronto, Ontario--(Newsfile Corp. - April 3, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its fourth quarter and full year 2023 financial results and conference call.The Company plans to release its financial results for the quarter and full year ended December 31, 2023, before markets open on...
2024-04-03 7:30 AM EDT
SLANG Worldwide Launches O.pen in Arizona Through Trulieve Strategic Partnership
Toronto, Ontario--(Newsfile Corp. - January 17, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that it has launched its industry-leading vape brand, O.pen, in Arizona through its strategic partnership with Trulieve Cannabis Corp. ("Trulieve"), one of the leading and top-performing cannabis companies based in the United States.SLANG's...
2024-01-17 7:55 AM EST
SLANG Worldwide Announces Third Quarter 2023 Financial Results
Achieved positive cash flow for each operating business unit;Strong sales growth, with revenue of $9.1 million and $28.4 million, for the three month and nine month periods ending September 30, 2023, increasing 11.4% and 7.4% year-over-year, respectively;Continued improvement in adjusted gross margins1 of 52% in Q3 2023, compared with adjusted gross margins of 49% in Q3 of 2022; Adjusted gross profit1 of $4.8 million in Q3 2023, compared with $4.0 million in Q3 2022, representing an 18.3%...
2023-11-28 7:30 AM EST
SLANG Worldwide Announces Third Quarter 2023 Conference Call Details
Toronto, Ontario--(Newsfile Corp. - November 21, 2023) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its third quarter 2023 financial results and conference call.The Company plans to release its financial results for the quarter ended September 30, 2023, before markets open on November 28, 2023....
2023-11-21 4:05 PM EST
SLANG Worldwide Retains PGP Capital Advisors in Connection with Strategic Alternatives Review
Toronto, Ontario--(Newsfile Corp. - November 21, 2023) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that it has retained PGP Capital Advisors, LLC, ("PGP") to assist in a review of its strategic alternatives. The Board of Directors has formed a committee of independent directors (the "Committee") to assist SLANG's management team and PGP in...
2023-11-21 7:30 AM EST
SLANG Worldwide Announces Issuance of Equity Incentives
Toronto, Ontario--(Newsfile Corp. - September 22, 2023) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, has approved the grant of 3,236,640 incentive stock options to the independent directors of the Company (the "Options") to acquire common shares in the capital of SLANG (each a "Common Share"). The Options are non-transferable and exercisable until...
2023-09-22 5:00 PM EDT
SLANG Worldwide Announces Second Quarter 2023 Financial Results
Strongest adjusted margins1 to date of 54%, demonstrating an increase from adjusted gross margins of 43% in Q2 of 2022 Adjusted gross profit1 of $4.5 million in Q2 2023, compared with $4.3 million in Q2 2022, representing a 6.3% increase year-over-yearContinued strong sales growth in Vermont, with revenue increasing by $1.8 million and $3.87 million, for the three month and six-month periods respectively ending June 30, 2023$11.23 million in cash and restricted cash at August 15, 2023Toronto,...
2023-08-24 7:30 AM EDT
SLANG Worldwide Announces Second Quarter 2023 Conference Call Details
Toronto, Ontario--(Newsfile Corp. - August 17, 2023) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its second quarter 2023 financial results and conference call.The Company expects to release its financial results for the quarter ended June 30, 2023, before markets open on August 24, 2023. Management...
2023-08-17 7:30 AM EDT
SLANG Worldwide CEO Provides Business Update Letter to Shareholders
Toronto, Ontario--(Newsfile Corp. - August 2, 2023) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today issued a letter to shareholders from its Chief Executive Officer, John Moynan.To our Shareholders,Since our strategic restructuring in 2021, SLANG has executed its growth plan with precision, scaling our vertically integrated operations in our Core...
2023-08-02 7:30 AM EDT
SLANG Worldwide Launches Its First Line of Fast-Acting THC-Infused Gummies in Vermont
Toronto, Ontario--(Newsfile Corp. - July 12, 2023) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, announced today that it has launched its first line of fast-acting cannabis-infused gummies under its Alchemy Naturals all-natural THC gummy brand. Available in Vermont at SLANG's Ceres Collaborative located in downtown Burlington, and soon in...
2023-07-12 7:30 AM EDT
SLANG Worldwide Announces First Quarter 2023 Financial Results
Positive EBITDA of $0.68 million in Q1 FY2023, compared with ($2.36 million) in Q1 FY20221Achieved positive operational cash flow in Q1 FY2023 for the second consecutive quarter, and on track to generate positive operational cash flow in Q2 FY20231,2Adjusted gross profit of $5.68 million (52% adjusted gross margin) in Q1 2023, compared with $3.64 million (43% adjusted gross margin) in Q1 2022, a 56% increase year-over-year1Toronto, Ontario--(Newsfile Corp. - May 24, 2023) - SLANG Worldwide...
2023-05-24 7:30 AM EDT
SLANG Worldwide Announces First Quarter 2023 Conference Call Details
Toronto, Ontario--(Newsfile Corp. - May 17, 2023) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its first quarter 2023 financial results and conference call.The Company expects to release its financial results for the quarter ended March 31, 2023, before markets open on May 24, 2023. Management plans...
2023-05-17 7:30 AM EDT