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Press Release
Slang Worldwide Enters Oregon By Introducing Cookie Branded Flower Products
Toronto, Ontario--(Newsfile Corp. - June 25, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) (FSE: 84S) ("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.
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Press Release
How Covid-19 Is Affecting The Cannabis Industry
The coronavirus crisis has caused dramatic shifts in how and when consumers spend their money, specifically with regard to consumer products—and cannabis is no different.
Most states allowed cannabis dispensaries to remain open during lockdown, saving the nascent industry from the same fate as the rest of brick-and-mortar retail. But even though cannabis was deemed an essential industry, consumer habits changed nonetheless.
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Press Release
SLANG Worldwide Cannacord Raises FY2020 Revenue Estimates Following Q2 Earnings
SLANG Worldwide (CSE: SLNG) announced their second-quarter financials yesterday, with revenue coming in at $4.6 million, basically flat quarter over quarter, and their Pro-forma revenues were $10.1 million. Slang also had an adjusted EBITDA loss of $1.8 million, with gross margins of $2.8 million or 62%.
Only three analysts cover SLANG, and all three analysts have buy ratings on the stock. M Partners has the highest 12-month price target of C$0.5,0 or a 285% upside, while Clarus Securities has a C$0.45 price target, and Canaccord has the lowest of all three with a C$0.40 target. The mean price target equals out to being C$0.45, or a 246% upside on the stock.
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Press Release
Slang Buys Its Supplier Pleasant Valley
SLANG Worldwide Inc. (OTCQB: SLGWF) is buying Colorado-licensed cannabis cultivator Pleasant Valley Ranch, LLC as the company makes another move to own its supply chain. Pleasant Valley has been a key supplier of raw materials for SLANG-branded concentrate and edibles products in Colorado. By buying the supplier, Slang can assure itself of having the raw materials it needs at a lower cost, which will improve the gross margins.
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Press Release
What Makes A Good Cannabis Brand?
A question that every consumer products company asks themselves eventually. You’ve got to be unique without being obscure. Available to current customers, but also easy to find for new ones. Have a reputation for trustworthiness and reliability when it comes to things like quality, price, and distribution.
And when it comes to cannabis, you’ve got to do all of that while also contending with the fact that every state is its own market, with its own unique rules and characteristics.
That particular wrinkle can make branding an especially big challenge for cannabis companies. Some have opted to focus on a specific state or product category. Others, like SLANG Worldwide Inc. (OTC:SLGWF) have gone the other route, creating a diversified portfolio of six brands across different product segments. In late-July the company announced its expansion into Oklahoma, making it the 12th state in which SLANG brands are available.
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Press Release
Slang Buys Peoria Partners In Consolidation Move
SLANG Worldwide Inc. (CNSX: SLNG) has been on a quest to consolidate its supply chain Colorado and the latest move is the acquisition of Peoria Partners. Peoria is the state-licensed manufacturer and distributor of SLANG’s District Edibles brand in Colorado. Slang said it plans to keep using Peoria’s Denver facilities to make District Edibles and for the distribution of the full suite of SLANG-branded products within Colorado.
“This is one of the planned acquisitions that allow us to consolidate our supply chain in Colorado,” said SLANG President & CEO Chris Driessen. “Owning a licensed cannabis facility capable of manufacturing and distributing cannabis-infused SLANG products immediately opens up new opportunities for us, including the ability to capture greater top-line revenue and more favorable unit economics.”
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Press Release
SLANG Worldwide Products Available in British Columbia
Toronto, Ontario--(Newsfile Corp. - October 22, 2020) - 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 its O.pen line of products is now available in British Columbia. The BC Liquor Distribution Branch, the province's sole wholesale distributor of non-medical cannabis, has listed O.penVAPE vaporizer cartridges in its catalog for licensed retailers.
"We are pleased to be able to offer our flagship O.pen brand to consumers in British Columbia," said SLANG President & CEO Chris Driessen. "Vape carts have been one of the fastest growing categories in cannabis over the past several years. We are excited that Canada is now coming online where we expect to demonstrate brand excellence as we have done in market after market in the U.S."
O.penVAPE is considered to be the #2 best-selling cannabis brand of all time in the United States by analytics firm BDSA since it began tracking legal sales in 2014.
SLANG-branded products are manufactured and distributed in the Canadian market by its investee company, Agripharm Corp. ("Agripharm"). Agripharm was one of the first licensed cannabis producers in Canada, in operation since 2014, and in 2015 became the first in the country to make use of supercritical CO2 extraction methods. SLANG looks forward to bringing more products to the Canadian market with Agripharm, including new live resin products similar to those recently launched successfully by the Company in Colorado.
Media and Investor inquiriesInvestors@SLANGww.com
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 OTCQB under the symbol SLGWF. 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 Company's prospects in British Columbia and other Canadian markets.
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.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
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Press Release
Slang Worldwide: How to Win the Cannabis Retail War
Interview with Peter Miller on The Dales Report. How to win the cannabis retail war and the inside look at Slang Worldwide's approach.
Read More On The Dales Report
Press Release
SLANG Worldwide Partners with Natura to Bring Leading Portfolio of Cannabis Brands to California
Toronto, Ontario--(Newsfile Corp. - October 15, 2020) - 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, and Natura Life + Science ("Natura"), a vertically integrated cannabis contract manufacturing company, today announced a strategic partnership to introduce SLANG-branded products to consumers in California.
Pursuant to the partnership, Natura has been granted an exclusive license to produce and distribute the SLANG product suite in California, including its category-leading brands O.penVAPE, Firefly, 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.
"California presents the perfect opportunity for us to lean into our emerging markets model. By partnering with a best-in-class operator like Natura, we are confident that we will be positioned for long-term growth and success within the Golden State," said SLANG President & CEO Chris Driessen. "Our brand District Edibles was at one point the top selling gummy product in California, and represented nearly $2 million dollars per month in retail revenue at its peak. We expect to achieve similar success across all SLANG brands as a result of this new partnership."
Natura is set to begin production at one of the largest cannabis centers in the United States in Sacramento. The 11.4 acre campus includes a 200,000 square foot cultivation facility and a 65,000 square foot processing, manufacturing, distribution and delivery facility. The facilities are built to adhere to GAP, GMP, FDA, and LEED standards, and employ sophisticated technology including full automation, micro-climate controls, traceability and analytics.
"We are pleased to partner with SLANG in our first true licensing agreement in California," said Sid Gupta, Natura VP of Strategy. "They have a collection of proven brands spanning multiple categories with solid recognition among consumers in the state."
SLANG has previously enjoyed success in the California market before making a strategic decision to recalibrate its supply chain relationships in the state. Sales of SLANG-branded products in California totaled nearly 1.3 million branded units and 57 million branded servings in 2019, as previously reported in the Company's financial disclosure(1). SLANG-branded products earned top 10 rankings in California in both the gummy and distillate categories in 2019, according to BDSA.
California is the largest cannabis market in the U.S., generating sales of nearly $3 billion USD in 2019 and growing by 15% in the first eight months of 2020 compared to the same period last year, according to BDSA.
For Further Information:
SLANG media and investor inquiries: Investors@SLANGww.com
Natura media inquiries: Renee Cotsis, renee@mattio.com
(1) Non-IFRS Measures
Branded Unit volume and Branded Servings volume are non-IFRS financial measures that the Company uses to assess operating performance. See the heading "Operations Overview - Branded Volume" in the Company's management's discussion and analysis for the quarter ended June 30, 2020 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.
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 OTCQB under the symbol SLGWF. For more information, please visit www.slangww.com.
About Natura Life + Science
Natura's vertically integrated platform enables the company to bring cannabis products to the emerging California marketplace, while also creating trust in the industry through reliable service, supply-chain integrity and quality assurance. Natura is committed to delivering quality, consistent, trusted cannabis products to consumers on a global scale by commercializing the industry in the most responsible manner. Natura believes in supporting the community and its employees through a set of core values every employee embodies. For more information about Natura visit http://www.natura.io/.
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 anticipated benefits of the relationship between SLANG and Natura, and the introduction and distribution of SLANG branded products in California.
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.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
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