SLANG Worldwide Announces Fourth Quarter and Year End 2022 Financial Results
Generated positive operational cash flow in Q4 FY2022 and Q1 FY2023, achieving two consecutive quarters of positive operational cash flow1,2.Adjusted gross profit1 of $17.62 million (46% adjusted gross margin1) in FY 2022, compared with $14.47 million adjusted gross profit (38% adjusted gross margin) in FY 2021, representing a 22% increase year-over-year. Cash and cash equivalents of $11.9 million at December 31, 2022, and a clean balance sheet with well-structured debt requiring non-material...
2023-04-27 7:30 AM EDT
SLANG Worldwide Announces Fourth Quarter and Full Year 2022 Financial Results Conference Call Details
Toronto, Ontario--(Newsfile Corp. - April 20, 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 fourth quarter and full year 2022 financial results and conference call.The Company expects to release its financial results for the quarter and full year ended December 31, 2022, before markets open...
2023-04-20 7:30 AM EDT
SLANG Worldwide CEO Provides Business Update Letter to Shareholders
Toronto, Ontario--(Newsfile Corp. - March 22, 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,As we reflect on our fiscal fourth quarter, I would like to take this opportunity to discuss how our continued efforts to optimize the business have...
2023-03-22 8:00 AM EDT
SLANG Worldwide Launches O.pen in West Virginia Through Strategic Partnership with Trulieve
Toronto, Ontario--(Newsfile Corp. - March 3, 2023) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), one of the leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced it has launched its industry-leading vape brand, O.pen, in West Virginia through its strategic partnership with Trulieve Cannabis Corp. ("Trulieve"), one of the leading and top-performing cannabis companies based in the United...
2023-03-03 7:30 AM EST
SLANG Worldwide Announces Issuance of Additional Consideration in Connection with HiFi Acquisition
Toronto, Ontario--(Newsfile Corp. - February 13, 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, has issued an aggregate of 100,167,654 restricted voting shares in the capital of the Company (each a "Restricted Share") to the former shareholders of High Fidelity, Inc. ("Hi-Fi"), as post-closing additional consideration in connection with the...
2023-02-13 9:00 PM EST
SLANG Worldwide Announces Third Quarter 2022 Financial Results
Completes Integration of Acquired Vermont Cannabis Operations in Preparation for Launch of Adult-Use Sales Successfully Launched Alchemy Naturals in ColoradoLeveraged New Streamlined Infrastructure in Vermont and Colorado to Sustain Higher Gross Margins and Increase Cash FlowToronto, Ontario--(Newsfile Corp. - November 29, 2022) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified...
2022-11-29 7:45 AM EST
SLANG Worldwide Announces Third Quarter 2022 Conference Call Details
Toronto, Ontario--(Newsfile Corp. - November 21, 2022) - 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 announced details of its planned release of its third quarter 2022 financial results and conference call.The Company expects to release its financial results for the quarter ended September 30, 2022 before markets open on November 29, 2022....
2022-11-21 8:00 AM EST
Newly Appointed SLANG Worldwide CEO Provides Business Update Letter to Shareholders
Toronto, Ontario--(Newsfile Corp. - October 13, 2022) - 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 issued a CEO letter to shareholders. To our Shareholders,As your newly appointed CEO, I would like to take the opportunity to formally introduce myself. I am John Moynan and have been with SLANG since 2019, having served the Company as COO,...
2022-10-13 8:00 AM EDT
SLANG Worldwide Appoints John Moynan as Chief Executive Officer and Ruth Chun as Chair of the Board
Toronto, Ontario--(Newsfile Corp. - October 3, 2022) - 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, is pleased to announce that Mr. John Moynan has been promoted to Chief Executive Officer of the Company effective immediately. Mr. Drew McManigle, former Interim Chief Executive Officer and Chair of the board of directors (the "Board"), is stepping down...
2022-10-03 8:00 AM EDT
SLANG Worldwide Ceres Collaborative Dispensary in Burlington, Vermont Will Open for Adult-Use Sales On October 1st
Toronto, Ontario--(Newsfile Corp. - September 29, 2022) - 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 announced the opening of its first recreational cannabis store in Vermont on October 1st, marking the Company's entry into the newly legalized recreational market. Operating under the Company's Ceres Collaborative cannabis group, which brings...
2022-09-29 8:00 AM EDT
SLANG Worldwide Announces Second Quarter 2022 Financial Results
Toronto, Ontario--(Newsfile Corp. - August 25, 2022) - 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 released financial results for the three and six months ended June 30, 2022. All figures in this press release are stated in Canadian dollars unless otherwise noted. Drew McManigle, Interim CEO and Chairman of SLANG, said, "The success of our...
2022-08-25 8:00 AM EDT
SLANG Worldwide Announces Second Quarter 2022 Conference Call Details
Toronto, Ontario--(Newsfile Corp. - August 18, 2022) - 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 announced details of its planned release of its second quarter 2022 financial results and conference call.The Company expects to release its financial results for the quarter ended June 30, 2022 before markets open on August 25, 2022. Management...
2022-08-18 8:00 AM EDT
SLANG Worldwide Launches New All-Natural Edible Brand, Alchemy Naturals
Toronto, Ontario--(Newsfile Corp. - August 3, 2022) - 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 the launch of its new brand, Alchemy Naturals CBD & THC Gummies, which became available in the Colorado market and national CBD retail locations on August 1, 2022.The Company will be replacing its current CBD gummy brand, Lunchbox...
2022-08-03 8:00 AM EDT
SLANG Worldwide Announces Issuance of Equity Incentives
Toronto, Ontario--(Newsfile Corp. - June 21, 2022) - 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, has granted 4,828,676 incentive stock options (the "Options") to acquire common shares in the capital of the Company at a price of C$0.14 per share. 4,408,676 of the Options were granted to independent directors exercisable until June 20, 2032 and...
2022-06-21 5:15 PM EDT
SLANG Worldwide Announces Results of Annual General and Special Shareholders Meeting
Toronto, Ontario--(Newsfile Corp. - June 16, 2022) - 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 the results from its annual general and special meeting of shareholders held on June 16, 2022 (the "Meeting").The Company put forward the following resolutions to be voted on by shareholders at the Meeting, all of which were approved: (1)...
2022-06-16 5:00 PM EDT
SLANG Worldwide Announces First Quarter 2022 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 26, 2022) - 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, 2022. All figures in this press release are stated in Canadian dollars unless otherwise noted. Drew McManigle, Interim CEO and Chairman of SLANG, said, "We entered 2022 as a new company,...
2022-05-26 7:30 AM EDT
SLANG Worldwide Enters Maryland Through Strategic Partnership with Trulieve
Toronto, Ontario--(Newsfile Corp. - May 24, 2022) - 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 best-selling, premium vape product line, O.pen Daily Strains and O.pen 2.0 batteries on May 16th in Maryland through a strategic partnership with Trulieve Cannabis Corp. ("Trulieve"), a leading and top-performing...
2022-05-24 8:00 AM EDT
SLANG Worldwide Announces First Quarter 2022 Conference Call Details
Toronto, Ontario--(Newsfile Corp. - May 19, 2022) - 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 announced details of its planned release of its first quarter 2022 financial results and conference call.The Company expects to release its financial results for the quarter ended March 31, 2022 before markets open on May 26, 2022. Management plans...
2022-05-19 8:00 AM EDT
SLANG Worldwide Enters the Michigan Cannabis Market
Toronto, Ontario--(Newsfile Corp. - May 18, 2022) - 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 best-selling, premium vape product line, O.pen Daily Strains, in Michigan through an exclusive strategic partnership with a leading high-quality premium cannabis brand and operator in Michigan. The O.pen brand,...
2022-05-18 8:00 AM EDT
SLANG Worldwide Announces Fourth Quarter and Full Year 2021 Financial Results
Toronto, Ontario--(Newsfile Corp. - April 28, 2022) - 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 released financial results for the twelve months ended December 31, 2021. All figures in this press release are stated in Canadian dollars unless otherwise noted. Key Financial Highlights:Revenue from continuing operations for FY 2021 was $37.8...
2022-04-28 8:00 AM EDT