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Results cover period prior to completion of IPO and acquisitions of Organa Brands and Firefly TORONTO, April 12, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a global cannabis consumer packaged goods ("CPG") company, today announced that it has filed its financial results for the fiscal year ended December 31, 2018.  The consolidated financial statements were prepared in accordance with International Financial Reporting Standards ("IFRS").  All figures are stated in Canadian dollars unless otherwise noted. SLANG Worldwide CEO Peter Miller said, "SLANG Worldwide's mission is to build a portfolio of leading cannabis consumer products and an extensive distribution network to sell our products. In 2018, we laid the foundational building blocks with SLANG's acquisitions of Organa Brands and Firefly, which were completed in January 2019. Today we are a different company: SLANG is in a position of strength with a diverse portfolio of high performing cannabis brands distributed in over 2,600 stores across 11 US states, Puerto Rico, Canada and Jamaica. We plan to leverage our brand, distribution and partnership strengths and expect rapid growth and scale in the months to come." Fiscal 2018 Results As at December 31, 2018, SLANG had not yet completed the acquisitions of National Concessions Group ("NCG" or "Organa Brands") and NWT Holdings, LLC (also known as "Firefly"). Accordingly, the Company's fiscal 2018 financial results do not include any results of the operations of Organa Brands or Firefly, and are more reflective of acquisition and financing costs associated with corporate development activities. The Company reported revenue of $5.2 million in 2018, consisting primarily of rental income.  Operating expenses in 2018 were $19.8 million, relating primarily to valuation adjustments, professional and non-cash marketing costs in the startup phase of the Company's business. In addition, the Company incurred a $7.7 million impairment charge and $5.9 million of financing and fair value adjustment charges, in accordance with IFRS accounting standards. Net loss in 2018 was $28.0 million, of which $23.8 million was related to non-cash marketing, goodwill adjustments, share compensation and derivative adjustments. The Company's reported financial results for the first quarter ending March 31, 2019 will include results for Organa Brands and Firefly starting from January 22, 2019, the date the acquisitions were completed.   Subsequent Events On January 22, 2019, certain escrow conditions were satisfied and approximately $63 million of funds were released to the Company in accordance with the terms of a subscription receipt offering that had closed on September 26, 2018, and 43,998,590 subscription receipts of the Company were automatically converted, without any further consideration or action by the holders thereof, into 43,998,590 common shares of the Company ("Common Shares") and 21,999,281 common share purchase warrants (the "Warrants"). Each Warrant is exercisable into one Common Share at an exercise price of $2.25 for a period of 24 months commencing on January 29, 2019, subject to certain acceleration and adjustment provisions.  The Company used the funds from the offering to complete two acquisitions, with the balance held for working capital purposes. On January 22, 2019, the acquisition of Organa Brands was closed with the payment of USD $20 million in cash and the issuance of an aggregate of 65,000,000 Common Shares and 17,500,000 restricted voting shares ("Restricted Shares"). Upon closing of the Organa Brands acquisition, the Company was granted options to acquire Allied Concessions Group ("ACG") for an aggregate of 33,000,000 Common Shares or Restricted Shares (provided that a maximum of 19,800,000 of such shares may be Restricted Shares) and NS Holdings ("NSH") for 49,500,000 Common Shares or Restricted Shares (provided that a maximum of 29,700,000 of such shares may be Restricted Shares). Both ACG and NSH are components of the Company's supply chain for Organa Brands products. The exercise of the options is subject to the satisfaction or waiver of certain conditions precedent, and at the date of this release the options had not been exercised. On January 22, 2019, the acquisition of Firefly was completed for consideration of USD $8 million in cash and 7,087,464 Common Shares. On January 29, 2019, the Common Shares began trading on the Canadian Securities Exchange under the ticker symbol "SLNG." On February 29, 2019, the Company announced that it has entered into a partnership with Trulieve Cannabis Corp., the largest vertically integrated cannabis production and retail company in Florida, to offer the state's more than 180,000 registered medical marijuana patients access to SLANG's portfolio of leading cannabis brands in Trulieve's dispensaries across the state. Pursuant to the partnership, Trulieve has an exclusive license to distribute SLANG's portfolio of branded cannabis products across its Florida distribution network, which currently includes 26 dispensaries and home delivery available statewide.  Sales in Florida under this agreement are expected to commence in Q2 2019. On March 6, 2019, the Company announced that it has entered into a partnership with Southern Development Holdings ("SDH") to offer its branded cannabis products to patients across Puerto Rico. Pursuant to the partnership, SDH has been granted an exclusive license in Puerto Rico to the SLANG product suite.  SDH will produce the Company's products at its state-of-the-art GMP facility, and distribute them broadly to medical cannabis dispensaries throughout Puerto Rico. The Company will receive royalty payments for each SLANG branded product sold in Puerto Rico, with sales expected to begin in Q2 2019. On March 11, 2019, the Company announced the launch of the RESERVE product line in the California market as an extension of its O.penVAPE brand. Marketed as a curated selection of top strains at market-leading prices, RESERVE will complement the Company's existing product line. On March 25, 2019, the Company announced that the Common Shares are now trading on the Frankfurt Stock Exchange under the trading symbol 84S. The Organa Brands, Firefly, and SLANG teams moved from industry peers and allies, to an organized and consolidated leadership group, establishing efficient management coverage of the 11 states in which SLANG brands are carried. The SLANG team identified the first territories it intends to enter or enhance its presence including through potential partnership and acquisition.   Strategic Priorities SLANG will simultaneously develop and acquire the necessary elements to enhance brand presence, leadership, and performance; establishing deep market penetration with the best products, collectively selling the most branded units. The Company focuses on creating brand value by establishing leadership positions in what management believes to be the highest value segments of the supply chain: manufacturing, branding and distribution. By allocating capital to these activities and foregoing investments in expensive infrastructure associated with the cultivation and retail segments, the Company aims to deliver strong returns to its investors. The Company intends to evolve its portfolio of branded products within existing categories and expand into new categories.  Our portfolio is among the most diverse and widely distributed in the cannabis industry, highlighted by the following brands: O.penVAPE, Bakked, Reserve, Craft Reserve, ISH, Magic Buzz, Pressies, District Edibles, Green House Seed Co., Strain Hunters, and Firefly. The Company will continue to pursue strategic partnerships in order to add new brand assets to our portfolio, expedite our entry into new markets and broaden our distribution network. In 2019, we expect to expand our distribution network to enable us to continue to bring new products to market and grow sales of our existing portfolio. Our branded products are currently available in over 2,600 retail locations, 11 states and five continents. We plan to continue to expand the geographic areas where our products can be bought. The Company plans to enter the Canadian market following an anticipated regulatory change that will permit the sale of cannabis-infused products in October 2019.  We are evaluating additional international markets to identify suitable jurisdictions for potential market entry.   On April 11, 2019, the Company had 211,993,602 common shares and 17,500,000 restricted voting shares issued and outstanding, as well as 41,255,918 vested Common Share purchase warrants and a total of 8,083,528 stock options. SLANG's 2018 Financial Statements and Management's Discussion and Analysis will be filed on SEDAR at www.sedar.com, and on the Company's Investor Relations website at www.slangworldwide.co. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a leading cannabis-focused consumer packaged goods company.  The Company is focused on acquiring and developing market-proven regional brands, as well as creating new brands to meet the needs of cannabis consumers worldwide. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.slangworldwide.co. 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 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, 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, 2018, 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. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.   SOURCE SLANG WORLDWIDE

Toronto, Ontario--(Newsfile Corp. - June 25, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) ("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 first announced on February 13, 2020, SLANG has an exclusive agreement to distribute Cookies products in Oregon through its statewide distribution channels. "We are very excited to diversify our offering and enter the flower category with a great brand like Cookies," said SLANG CEO Peter Miller. "Both companies worked hard to get product on shelves less than six months after partnering in Oregon. Like each of our other recently-formed strategic partnerships, this launch aligns with our vision of building long-term, profitable relationships with like-minded teams. We expect to begin to see a revenue impact from several of these initiatives in the second half of the year." Oregon has recently been among the fastest-growing cannabis markets in the United States. In April, retail cannabis sales were up 35% over April 2019, while flower was both the largest and highest-growth category, up 61% over the previous year, according to BDS analytics. The Oregon market had retail sales of $810 million USD during 2019. SLANG considers Oregon to be one of its core markets, where its O.penVAPE Craft RESERVE and Bakked Dabaratus products are positioned as leading brands. The Company has invested in several growth initiatives in the state this year. In addition to its strategic partnership with Cookies, the Company announced the launch of its own District Edibles brand in Oregon in April. The Company also continues to work towards the final steps required to complete the previously announced acquisition of Oregon-based Lunchbox Alchemy. SLANG and Cookies are collaborating on further product development for the Oregon market. The companies have a similar partnership in place in Colorado, and continue to work together to evaluate additional opportunities in other markets where SLANG operates. Media and Investor inquiriesInvestors@SLANGworldwide.co 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. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.slangww.com. About Cookies Cookies is more than a premiere cannabis company, it is a lifestyle. Founded in 2012 by Berner, the prolific Bay Area rapper and entrepreneur, and his partner Jai, Bay Area cultivator and breeder, the company built its identity by seamlessly combining new, top-tier genetics, the internet, and music. Backed by the music industry, social media, and the countless YouTube vlogs documenting the brand's growth and breeding projects, Cookies quickly built a grassroots cult following while remaining loyal to its brand promise; authenticity and innovative genetics. Today, Cookies is one of the most well-respected and top-selling cannabis brands in the United States. The company and its product are recognized globally, and offer a stable of over 50 cannabis varieties and product lines including indoor, outdoor and sungrown flower, pre-rolls, gel caps and vape carts. Cookies' overall vertical integration and seed-to-sale business allows for complete quality control at every step - from cultivation and production to retail experience. In addition to its selection of curated smoking supplies, the company also sells apparel and accessories for both men and women under the Cookies SF label. To learn more, please visit www.cookiescalifornia.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 distribution of the Cookies brand in Oregon, the revenue impact of strategic partnerships and the proposed acquisition of Lunchbox Alchemy. 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, 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. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Toronto, Ontario--(Newsfile Corp. - July 23, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that its products are now available to patients in Oklahoma. O.penVAPE RESERVE cartridges are being distributed to leading dispensaries throughout the state, with additional SLANG-branded products planned for release in the coming months. SLANG-branded products are manufactured and distributed in Oklahoma by the Company's strategic partner in the state, licensed producer Elite Cultivation LLC ("Elite"). SLANG generates revenue in the state by licensing its brands and selling certain product components and consulting services. "Oklahoma is on its way to becoming one of the largest cannabis markets in the country, and we are very pleased to have our products on shelves," said SLANG USA President Chris Driessen. "This is a great example of our emerging markets strategy which enables us to enter new markets quickly and efficiently. As our strategic partner in Oklahoma, Elite has done an outstanding job ramping up its operations to produce and distribute our products to its customers across the state." "We are excited to introduce SLANG's proven brands to retail dispensaries and medical marijuana patients in Oklahoma," said Richard Freeman of Elite Cultivation. "We look forward to a successful and long-lasting partnership as the market continues to thrive." Oklahoma's cannabis market is one of the fastest-growing in the United States. Total sales of more than USD $350 million in the first half of 2020 have already exceeded sales for all of 2019, the first full year of legal cannabis sales in the state, according to Oklahoma Tax Commission figures. According to data from the Oklahoma Medical Marijuana Authority, more than 313,000 patients have been approved for medical marijuana use, up 33% since the start of the year, and representing approximately one of every 13 Oklahomans. Media and Investor inquiriesInvestors@SLANGworldwide.co 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. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. 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 distribution of the SLANG-branded products in Oklahoma. 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 months ended March 31, 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. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Toronto, Ontario--(Newsfile Corp. - June 22, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) ("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 Shareholders The Company's annual and special meeting of shareholders (the "Meeting") will be held on July 8, 2020 at 2:00pm EDT. Given the significant uncertainty relating to the coronavirus ("COVID-19") pandemic, its public health impact and the associated current restrictions on and the risk in attending large group gatherings, the Company has made arrangements to hold the Meeting as a completely virtual meeting, which will be conducted via live webcast. Shareholders will not be able to attend the Meeting in person, but are encouraged to participate online. Registered shareholders and duly appointed proxyholders will be able to attend, participate and vote at the Meeting online at https://web.lumiagm.com/240228979. Such persons may then enter the Meeting by clicking "I have a login" and entering a Username and Password before the start of the Meeting. For registered shareholders, the control number located on the form of proxy is the Username. For duly appointed proxyholders, Odyssey Trust Company will provide the proxyholder with a Username by e-mail after the voting deadline has passed. The Password to the Meeting is "slang2020" (case sensitive). Beneficial shareholders (being shareholders who hold their securities through a broker, investment dealer, bank, trust company, custodian, nominee or other intermediary) who have not duly appointed themselves as proxyholder will be able to attend as a guest and view the webcast but not be able to participate or vote at the Meeting. Additional details about the voting process, the appointment of proxyholders, and the matters to be acted upon at the Meeting are available in the Company's Notice of Annual and Special Meeting and Management Information Circular dated June 9, 2020, which was recently distributed to shareholders and filed at www.sedar.com. Investors may also view information about the Meeting on the Company's Events page at https://www.worldcannabisbrands.com/events-presentations/. First Quarter 2020 Report and Investor Conference Call Further to the press release dated May 26, 2020 wherein SLANG announced it was relying on Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements to postpone the filing of its quarterly financial statements for the three months ended March 31, 2020, related management's discussion and analysis and the applicable CEO and CFO certifications in respect of such filings (collectively the "Interim Filings"), SLANG announces that it expects the Interim Filings to be released the morning of July 7, 2020. Management plans to host an investor conference call that same day at 10:00 am EDT to discuss the results. Timing: Tuesday, July 7, 2020 at 10:00 am EDT Dial-in: 888.231.8191 (toll free) or (+1) 647.427.7450 (local or international calls) Webcast: A live webcast can be accessed from the Investors section of Company's website at www.slangww.com or at this link. An archive of the webcast will be available on the Company's website for one year. Slides: An investor presentation to accompany management's remarks will be available on the Company's website and on the webcast page. Replay: An audio replay of the call will be available for seven days at (+1) 855.859.2056 passcode 8279327.   Provided below is an update of all material business developments since the date of the last financial reports that were filed with respect to the year ending December 31, 2019. Each of such developments has previously been disclosed via press release, all of which are available under the Company's SEDAR profile at www.sedar.com: On May 27, 2020, the Company announced a licensing agreement with Gage Cannabis Co. to introduce new cannabis brands in Michigan. On June 11, 2020, the Company announced an executive transition plan which will result in the promotions of Chris Driessen to President & CEO, John Moynan to Chief Operating Officer and General Counsel, and Mikel Rutherford to Chief Financial Officer. Peter Miller will transition from the CEO role to serve as Executive Chairman, while Billy Levy will transition from President to a strategic advisor role, and Kelly Ehler will transition from his current role as CFO to stand for election to the Company's Board of Directors. Media and Investor inquiries Investors@SLANGworldwide.co 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. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. 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 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, 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. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release. ###

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 Officer Kelly Ehler to transition to the Board of Directors from CFO, and Billy Levy to transition to Strategic Advisor Management team is best suited to execute on SLANG's optimized operating strategy which emphasizes profitability, sustainable growth in core markets and strategic partnerships in emerging markets Peter Miller and Billy Levy to enter into an additional 12-month lock up of their SLANG shares The Company is working towards the final steps required to complete the previously announced acquisitions of ACG and Lunchbox Alchemy and expects both transactions to close later this year Toronto, Ontario--(Newsfile Corp. - June 11, 2020) -  SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced a proposed realignment of its executive team as it prepares to close previous announced acquisitions and in support of its strategy with a greater focus on sustainable growth in its core markets. The Company also provided a business update. "This is the right leadership team for today's environment, and we are fortunate to have veterans within the organization who are ready to step into roles of greater responsibility," said Peter Miller, the CEO of SLANG. "Chris, John, and Mike are skilled operators with deep expertise in our core markets and a successful track record of building partnerships for SLANG. This evolution of the team reflects the business' needs in the current operating environment, and aligns with our strategic objectives. Billy and I will continue to focus on creating shareholder value from our redefined roles. We are also grateful to Kelly, who was instrumental in taking us public, closing our acquisitions and establishing the public company reporting standards that will enable us to execute on our future plans." "Dramatic changes in the business environment call for revamped operating tactics," said Chris Driessen, incoming President and CEO and a current director of SLANG. "We have made proactive adjustments over the past several quarters as dynamics have evolved in the cannabis sector. These most recent changes are designed to position us to succeed in today's market while continuing to pursue significant long-term growth opportunities. I look forward to continuing to work with our team to execute on the vision for the Company that we have all worked so hard to establish." Executive Leadership Team The Company is making several changes to its executive team, which are expected to become effective by the end of this month: Chris Driessen will be named President & Chief Executive Officer of SLANG. Mr. Driessen has most recently served as President of the Company's U.S. division with direct responsibility for sales, partnerships, manufacturing and operations. He also sits on the Board of Directors. Mr. Driessen first joined Organa Brands in 2014, having previously held sales and operational leadership roles in the information technology and hotel sectors. John Moynan will be promoted to Chief Operating Officer, in addition to maintaining his current role as General Counsel. Mr. Moynan has served with SLANG and its predecessor companies for the past six years, playing an instrumental role in the licensing of intellectual property and structuring of agreements with SLANG's strategic partners such as Trulieve Cannabis Corp, Cookies and Canopy Growth. Mikel Rutherford will be promoted to Chief Financial Officer. Mr. Rutherford has been SLANG's Executive Vice President of Finance since January 2018, playing a key role in the Company's financial reporting and management as well as several major financing transactions. He previously served as Director of Finance for SLANG portfolio company Agripharm Corp. Kelly Ehler will transition from his current Chief Financial Officer role and will stand for election to the Board of Directors at the Company's upcoming Annual and Special Meeting of shareholders. Mr. Ehler is a Chartered Professional Accountant with more than 35 years of experience spanning the financial services, real estate, telecom and automotive industries. He has served on numerous public and private company boards and has expertise including M&A, consolidations, debt financing and multijurisdictional entities. Peter Miller will transition from the CEO role and will serve as Executive Chairman of the Board of Directors. Billy Levy will transition from President and Corporate Secretary of SLANG to serve as a lead strategic advisor to the Company with a continued focus on strategy and business development activities. Mr. Miller and Mr. Levy have voluntarily agreed to enter into lock up agreements for a term of 12 months. "Peter and I have never been more confident in SLANG and will continue to support the Company in every way we can," said Billy Levy, Co-founder of SLANG. "The Company has built a great foundation capable of supporting significant long-term growth, as well as the strategy and the team to deliver on that vision and create shareholder value. Our decision to voluntarily enter into lock-up agreements reflects our ongoing commitment to the Company and a formal alignment of our interests with those of other shareholders." Business Update The leadership team will continue to execute a strategic and operating plan that has been streamlined in recent months and includes several key elements: Continued emphasis on enhancing the value of our intellectual property through brand leadership in our core markets and targeted expansion of our product portfolio Concentrating resources within the core markets of Colorado and Oregon, where the Company's strategy is to consolidate supply chain assets Leveraging the Company's strategic partnership model in its emerging markets, which minimizes capital requirements while allowing the Company to expand its brand presence Aligning the organization at all levels to achieve a cost structure appropriate to current market conditions Maintaining a disciplined approach to capital allocation to preserve the Company's strong balance sheet and accelerate its path to profitability These priorities are designed to address several factors which have combined to create a challenging environment for the Company. There is still a great deal of uncertainty that exists in relation to COVID-19, including how specific geographies, retail channels, consumer behaviors and the broader economy will evolve over time. Other factors include changing dynamics in several of the Company's markets and reduced access to capital for cannabis companies. The operational streamlining is expected to impact the Company's financial results in several ways. For example, SLANG's partnership and licensing model generates lower top line revenue compared to a wholesale model, but also tends to produce higher margins, deliver a faster return on investment, and make more efficient use of working capital. Recalibration in certain emerging markets results in a short-term revenue decline in those markets, while positioning the Company for more sustainable and profitable growth. SLANG has already executed a number of transactions in support of this model in the early part of 2020, including new partnership agreements in Ohio, Maine and Michigan as well as an expanded partnership with Cookies, and the Company expects these new relationships to have a positive impact on sales in the second half of 2020. In light of the Company's reassessment of certain markets, a more conservative capital allocation strategy and the macro-level conditions noted above, the Company is providing an update on the following proposed transactions: The Company is working towards the final steps required to complete the previously announced acquisitions of Allied Concessions Group ("ACG") and Lunchbox Alchemy ("LBA"), and expects both transactions to close later this year. The ACG and LBA transactions align with the core markets strategy described above, including the expectation that each will contribute to profitable and sustainable growth. The Company does not currently expect to exercise its option to acquire NS Holdings, Inc. ("NSH") in the near term. The Company's option agreement remains in effect and the Company maintains the right to exercise its option to acquire NSH until January 22, 2022. The Company and Arbor Pacific, Inc. ("Arbor") have mutually agreed not to pursue the previously announced acquisition. The two companies are actively exploring other accretive ways to work together in their respective markets. The Company will not incur break fees or other financial penalties as a result of the decision not to proceed with the acquisition of Arbor. Management believes SLANG is well positioned to withstand current market challenges, in particular due to its capital-light business model, growing roster of strategic partners, flexible go-to-market systems, diverse product portfolio in attractive categories, and financial strength. The streamlined operating plan is intended to better align the Company's cost structure with current market conditions while maintaining its ability to pursue opportunities as they arise. "The entire SLANG team is very excited about the opportunities ahead of us," said Mr. Driessen. "We believe we have the right strategy in place to compete and succeed in the current market. We have taken decisive action to adapt our business, while building on our competitive advantages to become an even stronger company." As previously announced, the Company expects to file its first quarter 2020 financial results on June 25, 2020, followed by an investor conference call. Media and Investor inquiriesInvestors@SLANGworldwide.co 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. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. 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 statement in this press release include, but are not limited to, statements in respect of anticipated changes to the Company's management and board of directors and the proposed acquisitions of ACG and LBA. 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 Company's management's discussion and analysis for the year ended December 31, 2019, 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. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Toronto, Ontario and Detroit, Michigan--(Newsfile Corp. - May 27, 2020) - SLANG Worldwide Inc. (CSE: SLNG), ("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. Pursuant to the partnership and pending regulatory approval, Gage has been granted an exclusive license to produce and distribute the SLANG product suite in Michigan, including its category-leading products O.penVAPE, Pressies, District Edibles, and Bakked. SLANG will also provide sales consulting services and will receive royalty payments for each branded product sold in the state. "Partners are the backbone of the SLANG network, and we are excited to embark on this initiative with a great operator like Gage," said Peter Miller, CEO of SLANG Worldwide.  "Gage has demonstrated an ability to scale as leaders in a rapidly growing and competitive market. By supporting their business with the diversified SLANG product offerings, we expect even greater mutual scale and success. This deal is directly on target with our licensing and partnership strategy, and we look forward to growing together." The addition of the SLANG brands will strengthen Gage's offering in the vape, edible, and concentrate product categories. Production of the additional products will utilize Gage's increasing cultivation and processing capacity in the state. Gage currently operates four provisioning centers in Michigan, with eight additional stores slated for opening. "Gage understands that partnering with industry leading brands like SLANG elevates the Michigan cannabis market and provides consumers with a range of products that are of exceptional quality," said a representative of Gage. "Gage is unwavering in its commitment to bringing only the best cannabis products and brands to Michigan." Gage's operating affiliates are fully licensed in Michigan for the cultivation, processing and distribution of cannabis products. Gage's state-wide retail presence includes the flagship Cookies-branded provisioning center in the heart of Detroit. SLANG has also partnered with Cookies, a leading cannabis and lifestyle brand, in three other states. "I am very excited to see this collaboration between two companies that are each innovators and leaders in their own segment of the cannabis market," said Bruce Linton, Executive Chairman of Gage and an investor in SLANG. "Partnerships like this are a great way for both companies to accelerate their growth in a capital-efficient manner, which is crucial in today's market." Michigan has historically been one of the top five largest cannabis markets in the United States and previously boasted the second largest medical patient base, only behind California, according to New Frontier Data. Adult-use cannabis sales in Michigan began in late 2019 and have been growing steadily since then with 27% month-over-month growth from March to April 2020, based on data from the Michigan Marijuana Regulatory Agency. A recent study by Michigan State University estimated that total cannabis sales in the state could reach $3 billion within the next five years. Subject to the receipt of applicable regulatory approvals, SLANG's brands are expected to be available in Michigan at provisioning centers across the state, including those operated by Gage, by the fourth quarter of this year. 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. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.slangww.com. About Gage Cannabis Co. Gage Cannabis Co's operating affiliates set the standard for quality cannabis products and experience, bar none. Gage supported and branded locations grow plants in small batches using 100% hydroponic cultivation methods for sustainable and responsible operations. From handpicking every plant to employing a proprietary drying, trimming and curing method, each step of the Gage process is deliberately designed to deliver only the best cannabis products in Michigan. Gage-branded provisioning center locations are currently operating in Adrian, Ferndale and now Lansing, with additional locations slated to open in Traverse City, Battle Creek, and Kalamazoo in the next few months. Other locations scheduled to open include Bay City, Buena Vista, Center Line, Grand Rapids, and Lenox Township. Gage Cannabis Co. earned an AdCann Advertising Award as the best retail storefront in the United States. To supplement a wide range of proprietary products, Gage Cannabis Co. partners with a deep roster of internationally and local renowned brands to bring the local cannabis culture to life. For more information about Gage Cannabis Co., visit www.gageusa.com.Instagram: @gagecannabisFacebook: @gageusaTwitter: @gagecannabisco For further information: SLANG Media Inquiries: Media@SLANGWorldwide.coSLANG Investor Inquiries: Investors@SLANGworldwide.co Gage Media Inquiries: Media@gageusa.comGage Investor Inquiries: ir@gageusa.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 press release include, but are not limited to, statements regarding the anticipated benefits of the relationship between SLANG and Gage, the introduction and distribution of SLANG branded products in Michigan and the cannabis market in Michigan. 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, risks related to the COVID-19 global pandemic, 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, 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, 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. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

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 2019 Adjusted EBITDA loss of $6.5 million for the year, $1.4 million in fourth quarter Cash and equivalents of $18.9 million at year-end Sold approximately 4 million branded units, containing over 243 million branded servings in FY19, including 822,000 branded units, containing 60 million branded servings in the fourth quarter Toronto, Ontario--(Newsfile Corp. - May 26, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today released audited financial results for the full year and three months ended December 31, 2019. The Company previously announced preliminary results for the same periods on April 29, 2020. All figures in this press release are stated in Canadian dollars unless otherwise noted. "We delivered a solid fourth quarter in the context of significant public health concerns related to illicit vaporizers, demonstrating both the quality of our products and the diversity of our portfolio," said SLANG CEO Peter Miller. "Overall, 2019 was a successful and transformational year. We established SLANG as a public company, integrated operations and personnel, grew our brands across multiple markets and formed important new strategic partnerships. I believe we also demonstrated the strength of our capital-light business model and our ability to adjust quickly to changing conditions in our markets. This nimble approach remains essential as we continue to adapt our business to market realities and take advantage of selected growth opportunities in 2020." Key Financial and Operational Highlights Full-Year 2019 Financial Highlights: Revenue of $29.2 million reflects operations since January 22, 2019, the date the National Concessions Group ("NCG") and NWT Holdings LLC ("Firefly") acquisitions were completed. 2018 results did not include those operations and are not comparable. 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) This result compares to previously announced 2019 pro forma annualized revenue guidance of $70-$100 million. Full-year 2019 adjusted gross profit of $15.6 million and adjusted gross profit margin of 53%. Adjusted EBITDA loss of $6.5 million from operations (not inclusive of non-cash items and impairments as described below). $18.9 million of cash and cash equivalents at December 31, 2019. Fourth Quarter 2019 Financial Highlights: Revenue of $8.7 million, reflecting the short-term impact of public health concerns about illicit market vaporizers and associated exchanges, returns, and/or production planning shifts in the category. Pro forma revenue of $23.4 million which includes the impact of the previously announced proposed acquisitions, investments, and assets within the SLANG Network,(1) and is reflective of exchanges, returns, and/or production planning shifts in the vaporizer category. Gross profit of $5.5 million and gross margin of 63% improved over Q3 2019 gross profit of $4.6 million (49% gross margin). Adjusted EBITDA loss of $1.4 million compares to Q3 2019 adjusted EBITDA loss of $1.6 million (not inclusive of non-cash items and impairments as described below). Completed a non-brokered private placement financing for gross proceeds of $16.9 million. Impairment charge: The Company recognized a non-cash impairment charge for the year of $224.0 million which resulted in a FY 2019 net loss of $202.1 million. The net loss was also driven by an operating loss of $59.7 million, partially offset by a $51.6 million financing cost and fair value adjustment and a $34.5 million recovery of deferred tax expenses. The Q4 2019 net loss of $202.3 million was driven by an operating loss of $26.7 million, an impairment charge of $128.6 million attributable to the fourth quarter, and a $78.3 million financing cost and fair value adjustment reduction, partially offset by a $34.5 million recovery of previously recorded deferred tax expense. The impairment expense is a write-down of previously recognized goodwill and intangible assets resulting from management's evaluation of growth expectations following a series of unfavourable events affecting the cannabis sector in 2019, and the Company's strategic response to prioritize certain core markets and accelerate the path to profitability. Full-Year 2019 Operational Highlights: Announced a strategic partnership with cannabis and lifestyle brand Cookies in October, initially in Colorado and subsequently extended into Oregon. Entered the Florida market in 2019 through a strategic partnership with Trulieve Cannabis Corp. Entered licensing agreements in Oklahoma and Puerto Rico to bring our branded products to these markets, in line with our emerging markets strategy. Broadened the product portfolio through new introductions including the Firefly 2+ dry herb vaporizer and the RESERVE line of O.penVAPE vaporizer cartridges. The Company exercised its option to acquire Allied Concessions Group ("ACG"), with the objective of consolidating its operations in Colorado to increase revenue and streamline costs. Completion of the transaction is subject to the completion of definitive documentation and the receipt of State licensing approval. Completed the acquisition of the NCG and Firefly businesses and the listing of the Company's common shares on the Canadian Securities Exchange and the Frankfurt Stock Exchange. Brand Key Performance Indicators: 4 million branded units sold in FY 2019; 822,000 branded units sold in Q4 2019 - Throughout the year, the Company's branded units sales mix continued to evolve as consumer preferences changed. Beginning in Q3, we began to see consumers shift from vape concentrate cartridges to more premium devices, like the Firefly 2+. Despite headwinds, the O.penVAPE line maintained its #1 sales position in Colorado, the Company's largest market. Additionally, sales of Firefly 2+ continue to exceed historical quarterly averages, as consumers purchased premium flower vaporizers. 250 Million branded servings sold in FY 2019; nearly 60 million branded servings in Q4 2019 (average of approximately 650,000 servings per day) - The branded servings metric measures the number of branded experiences SLANG consumers are having with SLANG products. These experiences lead to brand loyalty, something SLANG considers core to creating sustained brand value. Branded servings decreased by 6% from the previous quarter; however, they exceeded the Company's Q1 2019 servings despite challenges in the vaporizer category, demonstrating an overall growth trend for the year and reflect a consumer shift towards more premium, larger format product offerings in the SLANG portfolio. Brand Highlights: SLANG's brands continued to earn market-leading positions across multiple product categories and territories in fourth quarter 2019 and full year 2019. O.penVAPE: Q4 2019: #1 vape in Colorado, #7 in Nevada FY 2019: #1 vape in Colorado, #6 in Nevada #2 best-selling cannabis brand of all time Firefly Q4 2019: #5 disposable vaporizer in Colorado Bakked: Q4 2019: #2 distillate in California and Vermont, #3 in Arizona, #5 in Colorado and Oregon FY 2019: #2 distillate in Arizona and California, #5 in Colorado, #7 in Oregon District Edibles: Q4 2019: #3 gummy in Nevada, #6 in California, #7 in Colorado FY 2019: #3 in gummy in Nevada, #7 in California and Colorado Pressies: Q4 2019: #4 pill in Colorado FY 2019: #3 pill in Colorado Sources: BDS Analytics, Headset, proprietary POS data Subsequent Events: Organic growth and brand leadership positions have continued into 2020 within the SLANG Network core markets of Colorado and Oregon. The Company continues to operate with a strong cash position that is expected to be sufficient to fund operations through to profitability. Accelerating the path to profitability through a rebalancing of the workforce and continued optimization of SLANG Network relationships, resulting in combined annualized savings expected to be in excess of $7 million. Continuing to recalibrate supply chain relationships in several emerging markets to provide for more sustainable and profitable growth highlighted by new licensing agreements signed in Ohio and Maine. Continuing to bring new product SKUs to market in 2020 through the launch of additional brands in new product verticals and expansion of existing product lines, such as the introduction of District Edibles Sour Gummies. Introduced dried flower product in Colorado under a previously announced partnership with Cookies, and on track to release Cookies-branded product in Oregon in Q2 2020. Completed the acquisition of Cultivate Brands Corp. ("Cultivate"), a company with a complementary portfolio of brands and other intellectual property, and assets which include extraction equipment and other machinery, cash of approximately $4 million, and a strategic investment in a company within the cannabis industry supply chain. Working towards final steps required to complete previously announced acquisitions of Allied Concessions Group ("ACG") and Lunchbox Alchemy ("LBA") while continuing evaluations and negotiations in respect of other previously announced proposed acquisitions. Commentary on 2020 "We see opportunities for targeted growth in 2020 within our core markets, where our team is executing effectively to build on the momentum of our brands," said Peter Miller. "We are also focused on managing through the challenges related to COVID-19 and changing competitive dynamics in some of our emerging markets. Our capital-light model has enabled us to improve the efficiency of our operations and accelerate our path to profitability. I believe we are well positioned to withstand the current headwinds and build upon our position as cannabis CPG leaders." Streamlining Operations Across Core and Emerging Markets: In 2020, the Company has focused on managing costs and cash resources to reflect the current environment, through streamlining initiatives that include the following: Maintaining a strong balance sheet with continued focus on the prudent allocation of capital and ongoing operational improvements; Continued optimization of its workforce and recalibration of SLANG Network relationships, resulting in an estimated $7 million in annualized savings; A prioritization of the Company's core markets and a disciplined and more sustainable approach to operating in emerging markets, as described in the Company's April 29 announcement of preliminary financial results; and Deferring opportunities previously announced with the SLANG Health & Wellness CBD product vertical and in Colombia and Greece until such time that market dynamics allow for favorable unit economics and commercialization of products. Growth Catalysts: Initiatives expected to contribute to the Company's growth in 2020, and beyond, include, but are not limited to, the following: Entry into the flower category through the previously announced partnership with Cookies; Organic growth across core markets driven by the release of new products under the Company's existing brand portfolio; Benefits from the prolonged presence of brands in emerging markets as they mature; Capital-efficient entry into additional emerging markets through licensing and partnership agreements; and Consolidation of supply chain assets in Colorado and Oregon following the anticipated completion of previously-announced acquisitions. Given the uncertainty in the economic environment, the Company does not intend to provide financial guidance for 2020. 2019 Financial Review The consolidated financial statements were prepared in accordance with IFRS. The following is selected presentation of the Income Statement for the three and 12 month periods ended December 31, 2019 and the comparable periods in 2018:   Three Months Ended: 12 Months Ended: December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 (In thousands except per share data and percentages) CDN CDN CDN CDN NET OPERATING REVENUE $ 8,716 $ 2,564 $ 29,229 $ 5,230 Cost of goods sold 3,214 - 16,094 - GROSS PROFIT 5,502 2,564 13,135 5,230 GROSS PROFIT MARGIN 63% 100% 45% 100% Operating expenses 32,236 4,659 72,811 19,942 OPERATING (LOSS) (26,734) (2,095) (59,676) (14,712) Other items (Impairment, FV adjustment, FX, gains/losses, deferred tax recovery, etc.) (175,579) 3,876 (142,471) (13,342) TOTAL COMPREHENSIVE INCOME / (LOSS) (202,313) 1,781 (202,147) (28,054) EARNINGS PER SHARE                 Basic $ (0.78) $ 0.02 $ (0.87) $ (0.37)         Diluted $ (0.78) $ 0.02 $ (0.87) $ (0.37)   Gross Margin The Company generated a 63% gross margin in the quarter ended December 31, 2019, benefiting from high-margin rental income recognized in the quarter, as well as the ongoing integration of certain operations acquired earlier this year. In addition, product mix and market segmentation of sales will impact gross margin in any particular quarter. Cost of goods sold for 2019 includes a one-time expense related to the acquisition of NCG and Firefly which required the Company to record the fair value of the inventory on-hand on consolidation at the time the transactions closed. The normalized gross profit margin of 53%, as shown in the table below, adjusts for the impact of the inventory adjustment.   Three Months Ended: 12 Months Ended:   December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 (In thousands except per share data and percentages) CDN CDN CDN CDN Net Operating Revenue $ 8,716 $ 2,564 $ 29,229 $ 5,230 Cost of goods sold 3,214 - 16,094 - Inventory fair value adjustment - - (2,449) - Adjusted Gross Profit 5,502 2,564 15,584 5,230 Gross Profit Margin 63% 100% 53% 100%   Non-IFRS Measures EBITDA, Adjusted EBITDA, Adjusted Gross Profit, Branded Unit volume and Branded Servings volume are non-IFRS financial measures that the Company uses to assess its operating performance. EBITDA is defined as net earnings (loss) before net finance costs, income tax expense (benefit) and depreciation and amortization expense. Management defines Adjusted EBITDA as EBITDA 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. Management defines Adjusted Gross Profit as gross profit adjusted for non-recurring items such as fair value adjustments on acquisitions. See the heading "Operations Overview - Branded Volume" in the Company's management's discussion and analysis for the year ended December 31, 2019 (the "2019 MD&A") for a description of how each of Branded Unit volume and Branded Servings volume is calculated. This data is furnished to provide additional information and are non-IFRS measures and do not have any standardized meaning prescribed by IFRS. The Company uses these non-IFRS measures 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 these non-IFRS measures in the evaluation of companies, many of which present similar metrics when reporting their results. As other companies may calculate these non-IFRS measures differently than the Company, these metrics may not be comparable to similarly titled measures reported by other companies. We caution readers that 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.   Three Months Ended December 31, 2019 12 Months Ended December 31, 2019 (In thousands except per share data and percentages) CDN CDN TOTAL COMPREHENSIVE INCOME (LOSS) $ (202,313) $ (202,147) EBITDA (4,704) (15,433) ADJUSTED EBITDA (1,359) (6,454)   See the 2019 MD&A for a detailed reconciliation of EBITDA and Adjusted EBITDA to Total Comprehensive Income / (Loss). SLANG's financial statements for the year ended December 31, 2019 and the 2019 MD&A are available on SEDAR at www.sedar.com, and on the Company's Investor Relations website at www.slangww.com. Media inquiriesMedia@SLANGworldwide.co Investor inquiriesInvestors@SLANGworldwide.co 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. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. 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 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 2019 MD&A, 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. Notes: (1) This press release contains references to pro forma financial information, including with respect to pro forma revenues. Pro forma revenues include the revenue for the twelve month and three month periods ended December 31, 2019 for each of Arbor Pacific, Inc. ("Arbor"), LBA, NS Holdings, Inc. ("NSH") and ACG. Such proposed acquisitions include the previously announced proposed acquisitions of Arbor and LBA, as well as the exercise of options to acquire the remaining Organa Brands businesses, NSH and ACG. These acquisitions cannot be consolidated, in the case of NSH and ACG, because such acquisitions were still under option as at December 31, 2019 and, in the case of Arbor and LBA, because such acquisitions have not yet closed. Pro forma revenues do not include anticipated costs and expenses to generate such revenue. Completion of the proposed acquisitions of Arbor and LBA and the exercise of the Company's option for NSH, and the acquisition of NSH and ACG are subject to, among other things, the negotiation and execution of definitive acquisition agreements and related documents and the satisfaction or waiver of any conditions precedent to the consummation of such acquisitions (including the receipt of any requisite regulatory and third-party approvals). There can be no assurance that the Company will exercise its option to acquire NSH and/or complete the acquisitions of Arbor, LBA, NSH and ACG. The Company believes the pro forma results presented provide relevant and useful information for investors because they clarify the Company's actual operating performance, make it easier to compare the Company's results with those of other companies in the same industry as the Company and allow investors to review performance in the same way as the Company's management. Since these measures are not calculated in accordance with IFRS, they should not be considered in isolation of, or as a substitute for, our reported results as indicators of the Company's performance, and they may not be comparable to similarly named measurements from other companies. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Company to Utilize Temporary Regulatory Filing Relief for First Quarter Toronto, Ontario--(Newsfile Corp. - May 26, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) ("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 Call The Company expects to file its first quarter 2020 results the morning of Thursday, June 25, 2020 prior to the commencement of stock market trading. Management plans to host an investor conference call that same day at 10:00 am EDT to discuss the results. Timing: Thursday, June 25, 2020 at 10:00 am EDT Dial-in: 888.231.8191 (toll free) or (+1) 647.427.7450 (local or international calls) Webcast: A live webcast can be accessed from the Investors section of Company's website at www.slangww.com or at this link. An archive of the webcast will be available on the Company's website for one year. Slides: An investor presentation to accompany management's remarks will be available on the Company's website and on the webcast page. Replay: An audio replay of the call will be available for seven days at (+1) 855.859.2056 passcode 8279327. Temporary Regulatory Filing Relief As a result of logistics and delays caused by the COVID-19 pandemic, the Company is relying on the Ontario Securities Commission's blanket order, Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements (the "Exemption"), to postpone the filing of its quarterly financial statements for the three months ended March 31, 2020, related management's discussion and analysis and the applicable CEO and CFO certifications in respect of such filings (collectively the "Interim Filings"). If it were not relying on the Exemption, the Company would be required to file its Interim Filings on or prior to June 1, 2020 pursuant to National Instrument 51-102 Continuous Disclosure Obligations. The Exemption is provided in response to the COVID-19 pandemic. The Canadian Securities Administrators and other securities regulatory authorities in Canada have granted similar blanket relief allowing reporting issuers an additional 45 days to complete their regulatory filings that were otherwise due during the period March 23, 2020 to June 1, 2020. The Company has imposed an insider trading blackout pending the release of the Interim Filings and members of management, directors and other insiders will comply with the Company's insider trading policy and the guidelines described in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions, until the Interim Filings have been released, which the Company anticipates occurring on or about June 25, 2020. The Company confirms that there have been no material business developments since the filing of its financial statements for the year ended December 31, 2019. Media inquiriesMedia@SLANGworldwide.co Investor inquiriesInvestors@SLANGworldwide.co 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. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. 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 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, 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. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

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 intellectual property which are complementary to SLANG's portfolio. Its assets include extraction equipment and other machinery which SLANG intends to use within its network, cash of approximately CAD $4 million, and a strategic investment in a company within the cannabis industry supply chain. Cultivate is not currently consuming any cash in its operations and its liabilities and commitments are not material.   The Acquisition was completed by way of three-cornered amalgamation pursuant to which 1241306 B.C. Ltd., a wholly-owned subsidiary of SLANG, amalgamated with Cultivate to form a newly amalgamated company ("Amalco") which shall operate under the name "Cultivate Brands Corp." as a wholly-owned subsidiary of the Company. Pursuant to the Acquisition, SLANG has issued 25,996,722 common shares ("SLANG Shares") to shareholders of Cultivate (the "Cultivate Shareholders") in exchange for all the issued and outstanding shares of Cultivate. In addition, SLANG has issued an aggregate of 1,418,181 SLANG Shares to certain officers of Cultivate as a change of control payment pursuant to the terms of existing agreements and has assumed options to purchase 122,000 SLANG Shares at an exercise price of $0.41.   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. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG and on the Frankfurt Stock Exchange under the trading symbol 84S. For more information, please visit www.slangww.com.   For further information: SLANG Media Inquiries: Media@SLANGWorldwide.co SLANG Investor Inquiries: Investors@SLANGworldwide.co   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 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, risks related to the COVID-19 global pandemic, 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, 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, 2018 and nine months ended September 30, 2019, 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. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.