Toronto, Ontario--(Newsfile Corp. - February 25, 2021) - 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 its best-selling CBD gummies, Lunchbox Alchemy CBD are now available for purchase online via the Company's newly launched e-commerce platform.
Founded in 2014, Lunchbox Alchemy CBD has become one of SLANG's most popular products, sold in over 600 stores across 40 states. Lunchbox Alchemy's e-commerce store will meet the needs of a wider customer base through its digital marketing efforts and by reaching consumers directly. The launch of the e-commerce store is particularly timely, with CBD sales projected to reach $22B by 2022, according to research from Brightfield Group.
Chris Driessen, CEO of SLANG, said, "With the introduction of our new e-commerce platform, SLANG can interact directly with end consumers, starting with our Lunchbox Alchemy CBD gummies. Online CBD sales is a new revenue channel for our company and allows us to capture improved unit economics."
The vegan gummies are infused with Full-Spectrum Hemp Extract derived from Oregon-grown hemp and crafted with organic and all-natural ingredients. Four varieties of gummies, including Daily Full Spectrum; Relief Full Spectrum; Sleep Full Spectrum and THC-Free Broad Spectrum, are now available for online purchase at https://lunchboxalchemycbd.comin several mixed-fruit flavors of pineapple, strawberry, and black raspberry. Dosing is available in a 25mg/gummy per serving or a double strength 50mg/gummy per serving.
Production and fulfillment of all e-commerce orders will be handled in-house through SLANG's Oregon and Colorado infrastructure that has been acquired in recent months.
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About SLANG Worldwide Inc.
SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. The Company specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com.
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, but are not limited to, statements regarding the completion of the Acquisition.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's final long form prospectus dated January 17, 2019 and "Risks and Uncertainties" in the management discussion and analysis for the year ended December 31, 2019 and six months ended June 30, 2020, each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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