SLANG Worldwide Announces Change to Financial Reporting Date and Clarification to Prior News Release
Press Release

SLANG Worldwide Announces Change to Financial Reporting Date and Clarification to Prior News Release

Toronto, Ontario--(Newsfile Corp. - April 11, 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, wishes to announce that it now expects to release its financial results for the three and twelve months ended December 31, 2020 before markets open on April 29, 2021. The Company will host a conference call for the investment community that morning to discuss the financial results and provide an operational update. The Company also wishes to clarify certain disclosure in its news release titled "SLANG Worldwide Announces Selected Preliminary Fourth Quarter and Full Year 2020 Financial Results and Corporate Updates" dated April 6, 2021 (the "April 6 News Release"). In the April 6 News Release, SLANG provided certain preliminary financial results for the three and twelve months ended December 31, 2020 with respect to revenue and Adjusted EBITDA (the "Preliminary Results"). The Company wishes to clarify that the Preliminary Results were preliminary unaudited financial results that are subject to customary financial statement procedures by the Company. Accordingly, actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for the Preliminary Results, such results involve known and unknown risks and uncertainties that may cause actual results to differ materially. The Company also wishes to clarify that Adjusted EBITDA is a non-IFRS (as defined herein) financial measure that the Company uses to assess its operating performance. Management defines Adjusted EBITDA as net earnings (loss) before net finance costs, income tax expense (benefit) and depreciation and amortization expense adjusted for other non-cash items such as the impact of unrealized fair values, share based compensation expense, impairments, one-time gains and losses, and one-time revenues and expenses. This data was furnished to provide additional information and is a non-IFRS measure and does not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS"). The Company uses this non-IFRS measure to provide shareholders and others with supplemental measures of its operating performance. The Company also believes that securities analysts, investors and other interested parties frequently use this non-IFRS measure in the evaluation of companies, many of which present similar metrics when reporting their results. As other companies may calculate non-IFRS measures differently than the Company, these metrics may not be comparable to similarly titled measures reported by other companies. Accordingly, Adjusted EBITDA should not be substituted for determining net loss as an indicator of operating results, or as a substitute for cash flows from operating and investing activities. There are important components of Operating Income / (Loss) that are currently in process of determination. Therefore, a reconciliation of the range of Adjusted EBITDA to Operating Income / (Loss) cannot be provided at this time. A full reconciliation of Adjusted EBITDA to Operating Income / (Loss) will be provided when actual results are released. Please refer to the Company's management's discussion & analysis for the three and nine months ended September 30, 2020 available on SEDAR at www.sedar.com, and on the Company's Investor Relations website at www.slangww.com for additional discussion of non-IFRS measures and their reconciliations The Preliminary Results represent forward-looking information. Please see "Forward-Looking Statements" and "Financial Outlook" in this news release. These clarifications do not change any other information contained in the April 6 News Release. 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. Forward-Looking Statements 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 and the April 6 News Release include, but are not limited to, statements regarding the Company's expected performance for the three and twelve months ended December 31, 2020, including with respect to revenue and Adjusted EBITDA. 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 three and nine months ended September 30, 2020 and other disclosure document available on the Company's profile 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. Financial Outlook This news release and the April 6 News Release contain a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the three and twelve months ended December 31, 2020 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading "Forward-Looking Statements" above and assumptions with respect to market conditions, pricing, and demand. The actual results of the Company's operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading "Forward-Looking Statements" above, it should not be relied on as necessarily indicative of future results. Media and Investor inquiriesInvestors@SLANGww.comKCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com
SLANG Worldwide Announces Selected Preliminary Fourth Quarter and Full Year 2020 Financial Results and Corporate Updates
Press Release

SLANG Worldwide Announces Selected Preliminary Fourth Quarter and Full Year 2020 Financial Results and Corporate Updates

Toronto, Ontario--(Newsfile Corp. - April 6, 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 issued preliminary, unaudited, selected financial results for the full year and three months ended December 31, 2020 as well as commentary on the current business environment and outlook. All figures in this press release are stated in Canadian dollars unless otherwise noted. Preliminary 2020 Financial Results Full-year 2020 revenue of $26,819,576. Fourth quarter 2020 revenue of $9,657,645 $6,476,873 of cash and cash equivalents at December 31, 2020 Adjusted EBITDA loss in a range of ($900,000) to ($1,400,000) The Company expects to file its combined Q4 and FY2020 Financial results on or about April 30, 2021, followed by an investor conference call Subsequent Corporate Highlights The Company has announced that it has entered into a strategic partnership with Snowcrest LLC ("Snowcrest"), a cultivator and processor in Vancouver, WA, to bring SLANG's cannabis products to consumers and patients in Washington. As part of this partnership, Snowcrest will manufacture SLANG branded products and SLANG's sales and marketing teams will work to place these products in dispensaries across the state. The agreement follows a royalty-based payment structure. In addition, Dolce Foglia, LLC,a full-service flavor house catering to the growing food & beverage industries, is also a partner in the Washington license. The Company has announced that it expects to launch District Edibles by May 2021, a new line of SLANG products that will be available in the State of Florida with seven SKUs. Management Commentary: Chris Driessen, CEO of SLANG, said, "In 2020 Slang became a stronger, more vibrant business as we integrated companies, signed new strategic partnerships and continued to grow our brands. We are now a plant touching company, which is in the early phases of providing more meaningful revenue and the opportunity to generate profit in the coming quarters. In Q4, we generated solid results to cap off our year and set the stage for a promising 2021. Forming strong partnerships is a crucial element of our growth strategy and we are delighted to partner with Snowcrest, one of the premier cultivators and processors in the state. This partnership provides us with the opportunity to expand the supply of our expansive and unique portfolio of branded cannabis products to reach a greater number of consumers and build brand recognition in the state." Q4 HIGHLIGHTS: SLANG Worldwide Completes Acquisition of Oregon's LBA Global CorporationSLANG completed its previously announced acquisition of LBA Global Corporation and its Lunchbox Alchemy brand portfolio and subsidiary Lunchbox Distribution.Learn More SLANG Worldwide Introduces New "Gyro" Dabbing Product SLANG launched a new concentrate product called the Gyro. The latest addition to SLANG's Bakked product line, the Gyro is the first spill-proof, gyroscopic container for live resin concentrates used for dabbing.Learn More SLANG Worldwide Partners with Natura to bring Leading Portfolio of Cannabis Brands to CaliforniaSLANG and Natura Life + Science, entered a strategic partnership to introduce SLANG-branded products to consumers in California.Learn More SLANG Worldwide Products Available in British ColumbiaSLANG's O.pen line of products is now available in British Columbia.Learn More SLANG Worldwide Chooses Colorado, the Epicenter of Cannabis, for ExpansionSLANG has selected Colorado for its expanded production.Learn More SLANG Worldwide Products Available in Ontario, CanadaSLANG's O.pen and Firefly Mini line of products are now available in Ontario.Learn More SLANG Worldwide Partners With Flower By Edie Parker to Manufacture and Distribute Cannabis ProductsSLANG has entered into a strategic partnership to manufacture and distribute cannabis products for Flower by Edie Parker.Learn More SLANG Worldwide Announces Closing of Pleasant Valley Ranch AcquisitionSLANG has closed its previously announced acquisition of Colorado-licensed cannabis cultivator Pleasant Valley Ranch.Learn More SLANG Worldwide Provides Update on its Pending Acquisition of Allied Concessions GroupSLANG has entered into a definitive agreement and plan of merger with respect to its previously announced proposed acquisition of Allied Concessions Group Inc.Learn More To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. 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. Forward-Looking Statements 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. Media and Investor inquiriesInvestors@SLANGww.comKCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com
Top 10 THC Vape Oil Cartridges in 2021
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Top 10 THC Vape Oil Cartridges in 2021

Premium cannabis oil cartridges meet affordability with the new Daily strains from O.pen. This is why O.pen (formally O.penVAPE) made it number one on our list. The company has a long history of consistently upgrading its products to give customers an incredible experience every time. They have a variety of products, from distillate carts to live resin carts to suit consumer preferences. They also have nearly 40,000 Instagram followers and display a bunch of their products on there. Read More On International High Life
Top 10 CBD Gummies for Sleep
Press Release

Top 10 CBD Gummies for Sleep

Top 10 CBD Gummies for Sleep CBD gummies have been known to have a wide variety of effects, including those that are helpful for sleep. Cannabidiol has been proven to help those who may be suffering from insomnia or other sleep disorders and aid with a more regulated sleep pattern. These products are a great alternative for those who want to experience the effects of CBD for sleep without the psychoactive impacts. Below are the 10 Best CBD Gummies for Sleep to help individuals who may be looking for the right product to start with. 1. Lunchbox Alchemy (Best CBD For Sleep Option) Lunchbox Alchemy offers their full-spectrum CBD gummies for sleep that contain 25 mg per gummy or a double-strength 50 mg per gummy and offers all vegan options. Larger bottles are also available too as it’s sure to become a part of your daily routine. From Oregon-grown hemp, these full-spectrum fruit-flavored gummies are enhanced with chamomile, an all-natural supplement that makes falling asleep blissfully easy. We're proud to have Lunchbox Alchemy apart of our family of brands.  
SLANG Worldwide Signs Strategic Partnership with Avér Skin to Manufacture, Co-Package and Distribute Cannabis-Based Skincare Products
Press Release

SLANG Worldwide Signs Strategic Partnership with Avér Skin to Manufacture, Co-Package and Distribute Cannabis-Based Skincare Products

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. Contact Media: Slang@kcsa.com Investors:Investors@SLANGww.com
SLANG Worldwide Announces New e-Commerce Store for Lunchbox Alchemy CBD
Press Release

SLANG Worldwide Announces New e-Commerce Store for Lunchbox Alchemy CBD

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. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. 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. Forward-Looking Statements 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. Media and Investor inquiriesInvestors@SLANGww.com KCSA Strategic Communications Phil Carlson / Elizabeth BarkerSLANG@kcsa.com
SLANG Worldwide Launches O.pen Cured Resin Products in Florida through Strategic Partnership with Trulieve
Press Release

SLANG Worldwide Launches O.pen Cured Resin Products in Florida through Strategic Partnership with Trulieve

Toronto, Ontario--(Newsfile Corp. - February 9, 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, announced today that its best-selling, premium vape product line, O.pen Cured Resin, is now available in Florida, exclusively with Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve"), a leading and top-performing cannabis company based in the United States. Chris Driessen, CEO, said, "Trulieve has differentiated itself as a key player in the Florida market and we are thrilled to expand our existing partnership with them to bring more SLANG products to medical cannabis patients in the state. Cured Resin has established itself as one of our top performing O.pen products and we expect to see similar demand for the brand at Trulieve's dispensaries from Key West to the Panhandle." O.pen Cured Resin is the second SLANG product to be offered in Florida under its strategic partnership with Trulieve, in addition to O.pen Cured Resin batteries and cartridges. O.pen Cured Resin products will be available for purchase at all 73 of Trulieve's licensed dispensaries across Florida, with plans to offer the product in additional markets where it operates. The product comes in half-gram sizes and is made with pure cannabis-derived terpenes for a flower-like experience that consumers love. Valda Coryat, Trulieve's chief marketing officer, commented: "Expanding patient access to high-quality, natural relief in safe, reliable, and innovative product formats is core to our business. We're thrilled to offer O.pen Cured Resin to patients and consumers who have come to expect best-in-class products at our dispensaries." O.pen is the number two best-selling cannabis brand in the U.S. since 2014, according to BDS Analytics. O.pen Cured Resin made with small batch, same strain cannabis derived terpenes that are reintroduced to the strain specific oil they were fractioned from. This allows for the end-user to have a first-class vaping experience that is true to the flower. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. 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. About Trulieve Trulieve is primarily a vertically integrated "seed-to-sale" company in the U.S. and is the first and largest fully licensed medical cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve-branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve also has operations in California, Massachusetts, Connecticut and Pennsylvania. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF. To learn more about Trulieve, visit www.Trulieve.com. Forward-Looking Statements 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. Media and Investor inquiriesInvestors@SLANGww.comKCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com
SLANG Worldwide to Expand Into Multiple Limited License Markets Through New Strategic Partnership and Announces $10M Financing to Fuel Growth
Press Release

SLANG Worldwide to Expand Into Multiple Limited License Markets Through New Strategic Partnership and Announces $10M Financing to Fuel Growth

Toronto, Ontario--(Newsfile Corp. - February 1, 2021) - 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 it has entered into a strategic partnership and brand services agreement with cannabis-focused private equity firm Merida Capital Holdings ("Merida"), to accelerate SLANG's expansion in both new and existing markets. Additionally, the Company announced a non-brokered private placement led by Merida for aggregate gross proceeds of up to $10 million to fund further growth (the "Financing"). All figures in this press release are stated in Canadian dollars unless otherwise noted. "Forming this strategic partnership with one of the pre-eminent cannabis investors in the U.S. is a testament to the strength of our business and the growing demand for our cannabis products. By establishing such a valuable strategic collaboration and attracting high quality institutional investment, at sector-leading terms, we are well positioned to fund our expansion and bring our products to new customers," said Peter Miller, Co-Founder and Executive Chairman of SLANG. The strategic partnership will leverage Merida's portfolio to expand SLANG's branded products into Missouri and Virginia, while also accelerating the Companies retail distribution in Michigan. Under the terms of the agreement, Merida will be granted options to acquire common shares of SLANG ("SLANG Shares") and may earn additional compensation for achieving certain milestones, including sales targets, and initiatives to promote the commercialization of SLANG products across the entire Merida ecosystem, which also includes various licensed businesses in West Virginia, California, Maryland, Pennsylvania, and investments in various cannabis oriented finished goods, technology, and supply chain companies. "Integrating our brands in emerging markets through strategic partnership is core to our growth strategy. This alliance with Merida allows for us to enter two new emerging markets in Virginia and Missouri, expand our sales in Michigan and bring in growth capital," said Chris Driessen, CEO of SLANG. Merida's Managing Partner Mitch Baruchowitz commented: "Merida is excited to welcome SLANG to our ecosystem of 50+ cannabis companies, and tap their brand expertise to expand the product offerings of our licensed medical operators in Virginia, Missouri, as well as 3Fifteen Michigan which currently boasts a leading retail footprint in the state. Our investment and partnership should remove friction from SLANG's state by state expansion and help drive acceleration of their national brand presence." Pursuant to the Financing, the Company will issue up to 26,315,790 SLANG Shares at a price of $0.38 per SLANG Share for aggregate gross proceeds of up to $10,000,000. The terms and structure of the Financing demonstrate the investors' ongoing support and long-term view on SLANG's business. The Company intends to use the proceeds of the Financing to support strategic growth opportunities, including SLANG's expansion into new states. The Financing is expected to close imminently. SLANG's proprietary brands include O.pen, Bakked, District, Pressies, Lunchbox Alchemy and Firefly. To be added to SLANG's email distribution list, please email investors@slangww.com with "SLNG" in the subject. 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. Forward-Looking Statements 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 terms and completion of the Financing, the impact of SLANG's agreement with Merida and the distribution of SLANG's products in new markets, including California, Michigan, Missouri, Virginia, West Virginia, Maryland and Pennsylvania. 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 nine months ended September 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor inquiriesinvestors@slangww.com KCSA Strategic Communications Phil Carlson / Elizabeth BarkerSLNG@kcsa.com
SLANG Provides Update on its Pending Acquisition of Allied Concessions Group
Press Release

SLANG Provides Update on its Pending Acquisition of Allied Concessions Group

Toronto, Ontario--(Newsfile Corp. - January 7, 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 entered into a definitive agreement and plan of merger (the "Merger Agreement") with respect to its previously announced proposed acquisition (the "Acquisition") of Allied Concessions Group Inc. ("ACG"), a manufacturing and distribution business based in Colorado. Pursuant to the terms of the Merger Agreement, SLANG will issue up to an aggregate of 66,120,730 common shares in the capital of the Company, provided that SLANG may elect that up to 60% of such shares may be issued as restricted voting shares in the capital of the Company, as determined by SLANG in its sole discretion and subject to further adjustment in accordance with the Merger Agreement (the "Shares"). ACG is an Infused Product Manufacturer (MIP) that produces O.pen, Bakked and Pressies branded cannabis products in Colorado. ACG is comprised of two different manufacturing and distribution facilities that extract both hydrocarbon and CO2 oil for all SLANG branded products in Colorado. The Acquisition is the latest development in the Company's strategy to consolidate its supply chain in Colorado, which is one of its core markets with an estimated cannabis market size of $1.7 B1 in 2019. This planned expansion follows SLANG's recent acquisitions of licensed cannabis cultivator Pleasant Valley Ranch, LLC and licensed manufacturer and distributor, Peoria Partners LLC in Colorado. Chris Driessen, CEO of SLANG, said, "We are thrilled that our long awaited acquisition of Allied Concessions Group is approaching its conclusion. Once we have final approval to close, which we expect this quarter, we will control our own destiny from seed to wholesale of the entire portfolio of SLANG brands in our largest market. This acquisition will allow us to continue to consolidate and streamline our operations in Colorado while increasing our revenue. With greater control over production and distribution planning, we expect to improve our gross profit per unit sold and strengthen our leadership position in the state." Pursuant to the terms of the Merger Agreement, an aggregate of 3,306,037 Shares will be placed in escrow upon closing of the Acquisition to satisfy indemnification claims and working capital adjustments. In addition, all Shares will be subject to a contractual lock-up pursuant to which 1/8 of the Shares shall be released from such lock-up on the last day of each calendar quarter following closing of the Acquisition. Completion of the Acquisition remains subject to the satisfaction or waiver of all conditions precedent in the Merger Agreement, including the receipt of the approval of the Colorado Department of Revenue's Marijuana Enforcement Division. Closing of the Acquisition is expected to occur in Q1 2021. To be added to SLANG's email distribution list, please email investors@slangww.com with "SLNG" in the subject. 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. Forward-Looking Statements 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 and SLANG's prospects in Colorado. 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor inquiriesinvestors@slangww.com KCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLNG@kcsa.com