SLANG Worldwide Announces First Quarter 2020 Financial Results
Strong revenue growth in core markets of Colorado and OregonDelivered first cash flow positive month in June 2020;(1) sales rebounding strongly with lifting of stay-at-home orders Core and emerging market transformation strategy making progress; new markets set to be commercialized throughout remainder of 2020Continued strong brand performance in core markets sets the stage for new product introductions expected to contribute to second-half revenuePlanned restructuring in California and other...
2020-07-07 7:30 AM EDT
SLANG Worldwide Enters Flower Category in Oregon with the Launch of Cookies-Branded Products
Toronto, Ontario--(Newsfile Corp. - June 25, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) (FSE: 84S) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced the launch of Cookies-branded flower products in Oregon. Pre-packaged flower is now available in Gary Payton, Gelatti and other consumer favorites from the Cookies genetic library, including some of the most sought-after strains in cannabis.As...
2020-06-25 7:30 AM EDT
SLANG Worldwide Announces Annual Meeting Details and Revised Date for Reporting Q1 2020 Results
Toronto, Ontario--(Newsfile Corp. - June 22, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) (FSE: 84S) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced a revised date for its planned release of first quarter 2020 financial results, as well as details of its upcoming Annual and Special Meeting of Shareholders.Annual and Special Meeting of ShareholdersThe Company's annual and special meeting of...
2020-06-22 7:30 AM EDT
SLANG Worldwide Announces Business Update and Leadership Transitions
Peter Miller to become Executive Chairman Chris Driessen to be promoted to President & Chief Executive Officer of SLANG, John Moynan to be promoted to Chief Operating Officer & General Counsel, Mikel Rutherford to be promoted to Chief Financial OfficerKelly Ehler to transition to the Board of Directors from CFO, and Billy Levy to transition to Strategic AdvisorManagement team is best suited to execute on SLANG's optimized operating strategy which emphasizes profitability, sustainable growth...
2020-06-11 7:30 AM EDT
SLANG Worldwide and Gage Cannabis Co. Partner to Bring Leading Portfolio of Cannabis Products to Michigan
Ontario and Detroit, Michigan--(Newsfile Corp. - May 27, 2020) - SLANG Worldwide Inc. (CSE: SLNG) (FSE: 84S), ("SLANG"), a leading global cannabis consumer packaged goods company with a diversified portfolio of popular brands, and Gage Cannabis Co. ("Gage"), one of Michigan's leading cannabis and brand platforms, today announced a strategic partnership to introduce new cannabis brands to Michigan consumers.
2020-05-27 7:30 AM EDT
SLANG Worldwide Announces First Quarter 2020 Earnings Date and Conference Call Details
Toronto, Ontario--(Newsfile Corp. - May 26, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) (FSE: 84S) ("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 first quarter 2020 financial results. Investor Conference CallThe Company expects to file its first quarter 2020 results the morning of Thursday, June 25, 2020 prior to the commencement of stock market trading....
2020-05-26 7:31 AM EDT
SLANG Worldwide Announces 2019 Financial Results
Revenue of $29.2 million in fiscal 2019, $8.7 million in Q4 2019 Full-year 2019 pro forma revenue of $90.7 million, which includes the impact of the previously announced proposed acquisitions, investments, and assets within the SLANG Network(1)Adjusted gross margin of 53% for the year and 63% in Q4 2019Adjusted EBITDA loss of $6.5 million for the year, $1.4 million in fourth quarterCash and equivalents of $18.9 million at year-endSold approximately 4 million branded units, containing over 243...
2020-05-26 7:30 AM EDT
SLANG Worldwide Inc. Completes Acquisition of Cultivate Brands Corp.
Toronto, Ontario--(Newsfile Corp. - May 4, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) (FSE: 84S) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that it has completed the acquisition (the "Acquisition") of Cultivate Brands Corp. ("Cultivate"). As SLANG previously announced in its news release issued March 3, 2020, Cultivate is a privately-owned company with a portfolio of brands and other...
2020-05-04 7:30 AM EDT
SLANG Worldwide Announces Preliminary 2019 Financial Results and Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - April 29, 2020) - SLANG Worldwide Inc. (CSE: SLNG), (FSE: 84S), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today issued preliminary, unaudited financial results for the full year and three months ended December 31, 2019 as well as commentary on the current business environment and outlook. The Company also announced that it will be relying on the coordinated...
2020-04-29 9:00 PM EDT
SLANG Worldwide Expands Oregon Portfolio with Launch of District Edibles Brand
Toronto, Ontario--(Newsfile Corp. - April 2, 2020) - SLANG Worldwide Inc. (CSE: SLNG), (FSE: 84S), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that its District Edibles brand is now available to licensed retailers across Oregon. The initial launch includes the flagship District Gummies product line in Blue Raspberry, Watermelon, and Strawberry flavors, to be sold in discreet,...
2020-04-02 7:30 AM EDT