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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.

Company to Utilize Temporary Regulatory Filing Relief Toronto, Ontario--(Newsfile Corp. - April 29, 2020) - SLANG Worldwide Inc. (CSE: SLNG), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today issued preliminary, unaudited financial results for the full year and three months ended December 31, 2019 as well as commentary on the current business environment and outlook. The Company also announced that it will be relying on the coordinated relief announced by the Canadian Securities Administrators with respect to the filing of its annual financial statements and management's discussion and analysis, and related officer certificates for its financial year ended December 31, 2019. All figures in this press release are stated in Canadian dollars unless otherwise noted.   Preliminary 2019 Financial Results(1) Full-year 2019 revenue of $29.2 million. Fourth quarter 2019 revenue of $8.7 million. 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.(2) This result compares to previously announced 2019 pro forma annualized revenue guidance of $70-$100 million. Fourth quarter 2019 pro forma revenue of $23.4 million(2); reflective of impact related to vape category exchanges, returns, and/or production planning shifts Full-year 2019 adjusted gross profit of $15.6 million and adjusted gross profit margin of 53%. Fourth quarter 2019 gross profit of $5.5 million and gross margin of 63%. $19 million of cash and cash equivalents at December 31, 2019. The Company expects to file its combined Q4 and FY2019 financial results on or about May 21, 2020, followed by an investor conference call.   Subsequent Corporate Highlights 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. 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. Previously announced Cookies partnership is on track to release product during Q2 2020 in SLANG Network core markets of Colorado and Oregon Working towards final steps required to complete previously announced acquisitions of Cultivate Brands Corp., Allied Concessions Group ("ACG") and Lunchbox Alchemy ("LBA"). Management Commentary "2019 was a transformational year for SLANG as we integrated companies, personnel, and continued to grow our brands. In Q4, we generated solid results to cap off our first year as a public company," said SLANG CEO Peter Miller. "Sector-wide headwinds began to emerge in the second half of 2019, specifically widespread concern over public health issues related to illicit vaporizers. We saw major shifts in the competitive dynamics of certain markets where we operate, and we continued to examine the strategic value of each network asset. SLANG's nimble approach and capital-light model has enabled us to be proactive in addressing these challenges early, and our brands largely maintained their leadership positions across our core markets."   The proliferation of public concern over the safety of vape products in the fourth quarter of 2019, and associated regulatory responses, created challenges related to product mix and availability. The regulatory responses varied by market, with some choosing to enact total bans, while others restricted certain product types. Most operators in the cannabis vape category, including certain entities in the SLANG Network, experienced challenges in the form of exchanges, returns, and/or production planning shifts. Monthly sales in the vape category in certain states declined by as much as 25% in the fourth quarter compared to the third quarter, according to reports from BDS Analytics and Arcview Market Research. Throughout the quarter, new data became available, pointing to the high probability that the safety issues were related to illicit market practices and regulators updated their positions accordingly, returning the legal market to a more normal state. In 2020, consumer demand for these products has returned, largely, to status quo rates of growth and demand across the industry.   Mr. Miller added: "Our priorities in recent quarters have included improving operational efficiency, increasing product diversification and strengthening our balance sheet. We've also placed an increased focus on our core markets while utilizing licensing and strategic partnerships in emerging markets. These strategic shifts have enabled us to reduce costs, accelerate our path to profitability, and withstand the further macro-level challenges that have emerged in 2020, while still pursing the most compelling growth opportunities."     Commentary on Outlook for 2020 As discussed in its corporate update released on March 23, the Company continues to prioritize its core markets, which have been previously defined as those with profitable growth trajectories. SLANG currently considers its core markets to include Colorado and Oregon. The Company's strategy in core markets is to continue to broaden its brand and product portfolio and consolidate supply chain assets in order to strengthen unit economics and profitability.   During the first quarter of 2020, the Company delivered organic growth in its core Colorado and Oregon markets, and its brands continued to hold leadership positions - most notably O.penVAPE, which maintained its position as the #1 selling vaporizer in Colorado. The Company has added Cookies as a strategic partner in both markets, further diversifying SLANG's product portfolio into flower and creating new revenue streams, with products expected to launch in both states in the second quarter of this year. The Company has also extended its District Edibles product portfolio in both markets. The Company is working to consolidate supply chain assets by obtaining regulatory approvals required to close certain previously announced proposed acquisitions.   Emerging markets are those that SLANG views as markets with regulatory or commercial environments in which profitability and high-margin sales are more challenging for consumer product-focused companies. Strategic partnerships and licensing arrangements allow the Company to achieve its objectives for establishing and growing its brands, without the inherent capital costs associated with non-licensing structures. Despite the lower revenues generated by a licensing model, higher margins-per-unit allow for sustained, profitable growth. For SLANG, emerging markets currently include California, Florida, Maine, Nevada, New Mexico, Ohio, Oklahoma, Vermont and Canada.   In Q1 2020, the Company added Ohio to its distribution footprint, and announced a new licensing agreement in Maine, with both partners considered market leaders in their respective states. SLANG's strategy in emerging markets is built around strong local partners who manage production and distribution, such as Trulieve Cannabis Corp. in Florida, which has continued to see strong organic growth.   Broad, sector-wide challenges experienced by certain entities across emerging markets in the SLANG network during Q4 are expected to persist and impact licensing performance in the near term. The Company continues to actively support and engage its partners across emerging markets within the SLANG network, while continuing to evaluate and recalibrate the supply chain. In California, Massachusetts and Michigan, the Company is particularly focused on creating a clear path toward sustainable and profitable growth.   Most importantly, the persistent sector-wide capital constraints present new opportunities for SLANG. As a leading CPG firm with deep manufacturing and supply chain experience, the Company believes that its value proposition is now even more compelling to regional license holders seeking to accelerate their path to market, while minimizing costly mistakes.   As the Company adjusts, and executes, its operating strategy, management expects certain financial key performance indicators to adjust accordingly. For example, the Company's licensing business and wholesale business generate different unit economics per Branded Unit sold. The Company will continue to evaluate and calibrate tactics in each market to balance the Company's operations with those market realities. The strategic value of each asset will be examined, and decisions will be made that align with the Company's overall corporate strategy and profitability goals.   The Company has avoided significant disruptions to its operations from the global COVID-19 pandemic. Circumstances have evolved rapidly, however, and the possibility remains for operational impacts due to potential supply chain issues, enhanced safety protocols and the limits on the accessibility of retail cannabis in the markets where the Company operates. The full magnitude of any impact of COVID-19 on the Company's operational and financial performance will depend on several factors, including the duration and scope of the pandemic, and the degree to which its customers, employees and vendors may be impacted.   The Company is moving forward with the goal of achieving profitability and driving shareholder value, while continuing to pursue accretive and strategic opportunities. To that end, SLANG is currently executing on the streamlining of its operations, as well as several key growth initiatives.   Streamlining Operations Across Core and Emerging Markets 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 disciplined and more sustainable approach to operating in emerging markets, as described above; 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 its previously announced partnership with Cookies; Organic growth across core markets driven by the release of new products under the Company's existing brand portfolio; Benefitting 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. "As market conditions continue to evolve, the changing dynamics create both challenges and new opportunities. The first months of 2020 saw unexpected developments, particularly related to COVID-19," said Peter Miller. "As always, the flexibility of our capital-light business model has enabled us to respond very quickly. We have continued to manage our costs and cash resources to reflect the current environment, including a disciplined approach to the structure of our workforce.   Mr. Miller concluded: "I believe SLANG is well-positioned to both ride out the current headwinds and emerge as an even stronger company. We have established important partnerships in key markets and broadened our portfolio of products and brands. We are operating more efficiently with a clear path to profitability. Our balance sheet remains solid and unencumbered by significant debt or capex obligations. Several previously announced strategic transactions are now in the final stages of approval. We look forward to providing further updates next month and as the year progresses."   Given the uncertainty in the economic environment, the Company does not intend to provide financial guidance for 2020.   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 December 31, 2019 audited annual financial statements, management's discussion and analysis and the applicable CEO and CFO certifications in respect of such filings (collectively the "Annual Filings"). If it were not relying on the Exemption, the Company would be required to release its Annual Filings on or prior to April 29, 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 reliefs allowing 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 Annual Filings, 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 Annual Filings have been released, which the Company anticipates occurring on or about May 21, 2020.   Provided below is an update of all material business developments since the date of the last interim financial reports that were filed with respect to the interim period ending September 30, 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 November 26, 2019, the Company closed a non-brokered financing for gross proceeds of $15,152,063; issued 1,207,500 stock options; and issued 3,750,000 restricted shares units. On December 5, 2019, the Company closed the second tranche of a non-brokered financing for gross proceeds of $1,750,000. On December 30, 2019, Jeremy Heidl resigned as a director. On January 6, 2020, the Company entered into a licensing agreement with Standard Wellness Company, LLC. On February 13, 2020, the Company entered into a licensing and distribution agreement with Cookies to expand its partnership. On March 3, 2020, the Company entered into an acquisition agreement to acquire Cultivate Brands Corp. On March 11, 2020, the Company entered into a licensing agreement with Northeast Patients Group dba Wellness Connection of Maine. Media inquiriesSlangworldwide.co">Media@SLANGworldwide.co   Investor inquiriesSLANGworldwide.co">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, 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.   Financial Outlook This press release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the three and twelve months ended December 31, 2019 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading "Forward Looking Statements" above and assumptions with respect to market conditions, pricing, and demand. The actual results of the Company's operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading "Forward Looking Statements" above, it should not be relied on as necessarily indicative of future results.   Notes:   (1) These preliminary and unaudited financial results are subject to customary financial statement procedures by the Company and its auditors. Actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for these preliminary financial results, the results involve known and unknown risks and uncertainties that may cause actual results to differ materially. These preliminary fiscal results represent forward-looking information. See "Forward-Looking Statements".   (2) 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. ###

Toronto, Ontario--(Newsfile Corp. - April 2, 2020) - SLANG Worldwide Inc. (CSE: 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 that its District Edibles brand is now available to licensed retailers across Oregon. The initial launch includes the flagship District Gummies product line in Blue Raspberry, Watermelon, and Strawberry flavors, to be sold in discreet, child-resistant, 10-piece blister packs containing a total of 50mg of THC. The District Edibles launch will establish a new revenue stream for SLANG in Oregon, where the Company currently competes successfully in the concentrates category. SLANG has also signed an exclusive licensing and distribution agreement to bring California-based cannabis and lifestyle brand Cookies to the Oregon market. SLANG's network partner in Oregon is manufacturing the District Edibles line and selling the products through its statewide distribution channels. "We continue to execute on our strategy of portfolio diversification by entering the edibles category in Oregon," said SLANG CEO Peter Miller. "As one of our core markets, this launch leverages existing SLANG network assets in a market where we already have a presence. With many of our brands like O.penVAPE Craft Reserve and the Bakked Dabaratus already on the leaderboard in Oregon, we look forward to bringing high-quality edibles to an established market." Image: Popular cannabis brand District Edibles is now available to licensed retailers in Oregon. To view an enhanced version of this image, please visit:https://orders.newsfilecorp.com/files/6983/54054_district2.jpg The Oregon market had retail cannabis sales of $810 million USD in 2019, according to BDS Analytics. More than $10 million USD of cannabis ingestibles were sold in Oregon in February 2020, a 15% year-over-year growth rate, with candy representing more than half of the category's sales. After competing in Oregon primarily in the concentrates segment, SLANG's recent transactions position the Company to address all of the major categories including flower in 2020. District Edibles is a popular cannabis edibles brand first launched in 2017 and now sold in multiple U.S. states. According to BDS Analytics 2019 sales data, District Edibles was a Top 10 performing brand in the gummies category in Nevada, Colorado, and California. All District Edibles products are hand-mixed in small batches to ensure a consistent flavor and dose in every batch. High-quality ingredients result in a low-fat, low-sugar and gluten-free product containing less than 10 calories per serving. The use of fully-activated cannabis oil ensures that your body is able to fully absorb the active cannabinoids without any after-taste. In addition to its gummies line, District Edibles also manufactures and distributes THC-infused chocolate in three flavors: Orange Chocolate, Cookies & Cream and Roasted Espresso. The Company anticipates launching further District Edibles products in Oregon in the future. 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 and on the Frankfurt Stock Exchange under the trading symbol 84S. 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 financial impact to SLANG of the launch of the District Edibles brand in Oregon and the distribution the District Edibles and Cookies brands in Oregon. 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, 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. ###

TORONTO, March 23, 2020 /CNW/ - 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 provided an update on several matters including commentary on the potential impact of COVID-19 and progress in its core business.   "First and foremost, the health and safety of our consumers and employees is our top priority during this challenging time," said SLANG CEO Peter Miller. "We are closely monitoring the developments surrounding COVID-19 and its impact on our workforce, our industry and on capital markets. We will continue to adapt, acting swiftly and efficiently, as circumstances evolve. We remain in close contact with our employees, vendors, and buyers as we navigate these challenges together. Ultimately, the core of our business is rooted in partnership, and that has never been more important than now."   "Despite the challenging market environment, we are a stronger business now than we were a year ago, through great partnerships, market presence, and a more robust portfolio.  Additionally, our cash position is strong, and positions us well to successfully navigate through times of uncertainty," said Mr. Miller. "We continue to make progress on a number of strategic initiatives as we adapt our business to a rapidly evolving cannabis market. While there is ample concern with regard to the economic impact of COVID-19, we have also seen indications that consumers have recently increased their purchases of cannabis products."   COVID-19 Update SLANG's management is committed to ensuring the wellbeing of all members of the SLANG network, and is working diligently to implement best practices that protect its teams and its customers alike. Providing consistent, reliable access to the Company's product portfolio has been and continues to be a core priority. Within its own operations, SLANG network teams continue to implement enhanced standard operating procedures to ensure the continuity of its supply chain and the integrity of its manufacturing facilities. These measures include the use of a third-party sanitation partner that leverages EPA-cleared disinfection techniques, including electrostatic sprayers, foggers, and ATP Luminometers to monitor for contamination. The Company is also implementing work-from-home and social distancing measures wherever possible, in accordance with the most up-to-date recommendations of public health authorities. The Company will continue to monitor developments closely and adjust operating plans accordingly in the event that circumstances change in various markets. Above all, the Company is highly focused on maintaining the stability of its operations globally, while diligently protecting the safety of its workforce, as it has done for the last eight years.   The Company's supply chain includes a range of both domestic and international suppliers, some of which may be susceptible to temporary production delays relating to efforts to reduce their employees' potential exposure. The Company has sufficient inventory of key materials to meet expected demand for the near-to-medium term, and does not currently anticipate any disruptions. The Company's strategy to manage the overall impact includes staying in close contact with supply chain partners, identifying alternative suppliers, and adjusting inventory and production levels to minimize potential interruptions.   While the situation remains fluid, initial demand has been strong. The Company continues to operate, and deliveries are still rolling out across the SLANG network. SLANG's current cash position and robust relationships within the supply chain position the Company to navigate through the prevailing global headwinds.   Business Update The Company continues to execute on its strategy for measured growth, and has been proceeding with its plan to optimize its operations toward profitability. SLANG's capital-light business model, which is focused on building strong CPG brands and distribution capabilities, affords the Company multiple strategic options for competing and scaling in various jurisdictions. The maturity of the local cannabis market and the ability to generate profit margins and sustainable growth are the key elements driving strategic choices. The Company's business model positions it well to act dynamically during ever-evolving market conditions.   SLANG is focused on creating value in core markets with profitable growth trajectories. The Company's strategy in core markets is to consolidate supply chain assets in order to strengthen unit economics and profitability. SLANG currently considers its core markets to include Colorado and Oregon. As previously announced, the Company has exercised its option to acquire the Allied Concessions Group manufacturing and distribution business in Colorado. The Company recently executed definitive agreements relating to its proposed acquisition of an edibles manufacturing and distribution business belonging to Oregon-based LBA Global Corporation ("LBA"). The Company has subsequently been working to obtain the state regulatory approvals required to complete both transactions.   By way of contrast, the Company views emerging markets as those in which medical and recreational cannabis use typically has been more recently legalized or in which the current regulatory or commercial environment makes profitability more challenging. Strategic partnership and brand licensing models have allowed the Company to build brand awareness and sales while reducing the requirement for an up-front investment of capital in what the Company considers "emerging markets". For SLANG, emerging markets include Florida, Maine, Nevada, New Mexico, Oklahoma, Vermont and Canada. SLANG's strategy in emerging markets is built around strong local partners in each of these markets who manage production and distribution, such as Trulieve Cannabis Corp. in Florida.   Recent corporate developments consistent with SLANG's capital-light growth strategy include the following: Balance sheet: The Company continues to operate with a strong cash position and has not incurred a significant amount of debt with unaffiliated entities. In late November and early December of 2019, the Company strengthened its balance sheet through private placement financings which raised aggregate gross proceeds of approximately $16.8 million. Those proceeds are available for general corporate purposes and to allow the Company to pursue strategic growth opportunities. Cookies partnership: The Company has expanded its strategic partnership with the cannabis and lifestyle brand Cookies through recently announced licensing and distribution agreements in both Colorado and Oregon, with ongoing discussions relating to other markets. Pursuant to the agreements, SLANG will enter the flower category in partnership with one of the most notable brands in the industry. The partnership is expected to create new revenue opportunities for SLANG and further diversifies the Company's product portfolio. Maine: SLANG recently announced a licensing agreement with Northeast Patients Group, doing business as Wellness Connection of Maine ("Wellness Connection"), the state's largest licensed producer of medical cannabis. The agreement grants Wellness Connection an exclusive license to produce and distribute the SLANG product suite in Maine, where the first adult-use, recreational sales are expected by this summer. Ohio: In early Q1 2020, the Company announced its expansion into the Ohio medical cannabis market through a licensing agreement with Standard Wellness Company, LLC ("Standard Wellness"). The agreement grants Standard Wellness an exclusive license to produce and distribute the SLANG product suite in Ohio, with sales expected to begin in Q2 2020 with its category-leading O.penVAPE, Pressies, Bakked and District Edibles brands. Canada: The Company expects several SLANG cannabis-infused products to be available in Canada in the near future, subject to regulatory approval, through its joint venture with Canopy Growth Corporation (NYSE: CGC), Agripharm Corp. The initial launch is expected to include the O.penVAPE RESERVE vaporizer cartridges, the Firefly Mini portable vaporizer and Bakked Dabaratus distillate dabbing solution. Cultivate Brands Corp: Earlier this month, SLANG announced the entering into of an agreement to acquire Cultivate Brands Corp, a company with a portfolio of brands, intellectual property and other assets including approximately $4.5 million of cash. The transaction is expected to close in April 2020. "While it's too early to assess the entire potential impact of COVID-19 on the cannabis industry, and broader economy, our team remains focused on executing our business plan. This plan is particularly well-suited and adaptable to dynamic shifts in our markets," said Mr. Miller. "We are confident that the team will rise to meet any challenges ahead. We look forward to providing additional details in the near-term during our fiscal-year 2019 earnings call."   SLANG expects to announce its year-end fiscal 2019 results in the coming weeks. Additional details on timing and a planned investor conference call will be provided in advance.   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 completion of certain proposed transactions, proposed partnerships, the path to profitability, the potential impact of the COVID-19 virus and strategic plans in certain U.S. states and Canada.   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, 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   For further information: Media inquiries: Media@SLANGworldwide.co Investor inquiries: Investors@SLANGworldwide.co