Toronto, Ontario--(Newsfile Corp. - March 2, 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 that it has signed a strategic partnership agreement with Avér Skin ("Avér") to manufacture, co-package and distribute cannabis-based skincare products. Avér was founded by a team of pioneering experts in the fields of premium skincare, cannabis and advanced scientific research, and aims to unlock the full potential of cannabinoid skincare.
As part of the agreement, SLANG will produce THC-infused topical skincare creams for Avér on a co-packing basis, as well as distribute products through its network partners. This strategic partnership demonstrates the value of SLANG's manufacturing and distribution capabilities within the cannabis CPG marketplace.
Tobias Ripsom, Chief Executive Officer of Avér Skin said, "We believe that cannabinoids have the properties to promote healthy, beautiful skin, alleviate discomfort, and catalyze healing. Our products are formulated and manufactured to meet the industry's highest ethical and quality standards. Partnering with SLANG will strengthen our ability to execute this vision and bring our innovative products to the Colorado market in 2021."
The SLANG-manufactured line of skincare products is expected to launch in Colorado in early 2021, with the potential to expand into additional markets over time.
"We have been impressed with the Avér Skin team's innovative product offerings and unique approach to wellness," said Chris Driessen, Chief Executive Officer of Slang. "This is yet another example of SLANG forming a strategic partnership that leverages our manufacturing and distributing capabilities for the mutual benefit of both entities."
This is SLANG's most recent agreement with a third-party brand, as the Company continues to build its best-in-class distribution network and ability to manufacture branded products across multiple markets and categories.