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Wellness Connection of Maine will expand product portfolioin anticipation of the legal adult-use market TORONTO and PORTLAND, ME, March 11, 2020 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company with a robust portfolio of popular brands, and Northeast Patients Group, doing business as Wellness Connection of Maine ("Wellness Connection"), today announced they have entered into a licensing agreement. Pursuant to the partnership, Wellness Connection has been granted an exclusive license to produce and distribute the SLANG product suite in Maine, including its category-leading products O.penVAPE, Pressies, District Edibles, and Bakked. Wellness Connection is Maine's largest licensed producer of quality medical cannabis with four dispensaries, a commercial kitchen and a state-of-the-art cultivation, processing and manufacturing facility. Since 2011, Wellness Connection has been advocating for access, high-quality product, and transparency by advancing science and shaping new public policy. "Wellness Connection is the leader in Maine with a strong sense of what the local market wants," said SLANG Worldwide CEO Peter Miller. "With adult recreational use expected to spur significant growth of the market, we are pleased to establish a long-term partnership with a first-class producer in the state." "We are very familiar with SLANG's product suite and its appeal to medical cannabis users," said Wellness Connection CEO Patricia Rosi. "With the transition to legal adult use, we expect to see a continuation of the trend towards cannabis-infused products. SLANG's leadership in multiple product categories will form an important part of our strategy to serve this segment of the market." SLANG's products will be available in the coming weeks at licensed storefronts across the state including Wellness Connection's dispensaries in South Portland, Portland, Gardiner and Brewer.  The initial product roll-out will include O.penVAPE RESERVE and Craft RESERVE vaporizer products and the Bakked Dabaratus distillate dabbing solution. Medical cannabis has been legal in Maine since 1999 and the first adult-use, recreational sales are expected by this summer. The total cannabis market in Maine has been estimated to reach US$300 million by 2022 (source: New Frontier). SLANG previously operated in Maine through a separate licensing agreement. About SLANG Worldwide Inc.SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. The Company specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.slangww.com. About Wellness ConnectionSince 2011, Wellness Connection (WCM) has been Maine's leading cannabis provider focusing on patient-centric care. WCM operates four of the eight state-licensed dispensaries in Brewer, Gardiner, Portland and South Portland as well as state-of-the art cultivation, processing and manufacturing facilities. For more information, please visit www.mainewellness.org. Forward-Looking StatementsThis news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's final long form prospectus dated January 17, 2019 and "Risks and Uncertainties" in the management discussion and analysis for the year ended December 31, 2018, each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.     SOURCE SLANG WORLDWIDE

TORONTO, March 3, 2020 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company with a robust portfolio of popular brands, today announced that it has entered into an acquisition agreement dated March 2, 2020 (the "Acquisition Agreement") to acquire (the "Acquisition") Cultivate Brands Corp. ("Cultivate"). 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 $4.5 million, and a strategic investment in a company within the supply chain. Cultivate is not currently consuming any cash in its operations. The Acquisition is expected to further strengthen SLANG's position in Oregon, which the Company has identified as a core market for growth in 2020, due to its status as one of the most mature recreational markets in the United States. SLANG's O.penVAPE Craft RESERVE and Bakked Dabaratus products are strong performers in the state, and the Company recently announced a strategic partnership in Oregon with Cookies, a leading third-party brand that the Company expects to launch in Q2 2020.  The Oregon market had retail sales of $810M USD during 2019 and grew 27% year over year as of December 2019 (per BDS Analytics). The Acquisition is structured as an all-stock transaction in which SLANG will issue a non-material amount of common shares ("SLANG Shares") in exchange for all the issued and outstanding shares of Cultivate.  The majority of the SLANG Shares issued pursuant to the Acquisition will be subject to a lock-up period with rolling expiration dates. "We are pleased to execute a deal that contributes brands, IP, equipment, and capital to the already robust SLANG portfolio and balance sheet," said SLANG CEO Peter Miller. "The acquisition of Cultivate will provide a unique opportunity to generate value in several ways including new production assets, supply chain efficiencies and potential new products.  This acquisition is consistent with our disciplined growth strategy and our focus on capital efficiency." "We are pleased to align with a leading cannabis CPG company like SLANG, with its proven capability to develop and grow brands," said Mihalis Belantis, Founder of Cultivate. "This transaction offers significant potential upside to our investors, as well as an opportunity to leverage and commercialize the foundational work we completed during the start-up phase of our business." The Acquisition will be completed by way of three-cornered amalgamation and is anticipated to close in April 2020. Closing of the Acquisition is subject to the satisfaction or waiver of customary closing conditions, including the receipt of the approval of the shareholders of Cultivate and applicable regulatory approvals. 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.  The forward-looking information and forward-looking statements contained herein may include, but is not limited to, statements regarding the Acquisition, including the terms, the closing date and benefits thereof and the distribution and sale of SLANG's products 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, 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

"Given the capital challenges cannabis companies face in scaling up their businesses in the U.S. and Canada, partnerships can be a critical part of the equation. At the Benzinga Cannabis Capital Conference Monday in Miami Beach, several business leaders within the cannabis space discussed their strategies and success stories establishing mutually beneficial partnerships." Read More On Benzinga

TORONTO, Feb. 18, 2020 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that its District Edibles brand has expanded its popular cannabis-infused gummies category with a new line of sour flavors. The addition of reformulated sours to the existing District Edibles portfolio of gummies and chocolates further diversifies SLANG's position across the edibles category, offering new choices to consumers. These additional products provide the Company with new revenue streams in a previously untapped product segment in the edibles category, while building on already-established brand recognition. The sour gummies are available in a variety of delicious flavors, Sour Peach, Sour Lime, and Sour Apple. Each sour gummy contains 10 mg of THC. The product is sold in a discreet, child-resistant, 10-piece blister pack. 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. The newly reformulated sour flavors are expected to build on this brand recognition and market success by appealing to consumers with different taste preferences. District Edibles also manufactures and distributes THC-infused chocolate in three flavors: Orange Chocolate, Cookies and Cream and Roasted Espresso. In addition to chocolates and sour gummies, District Edibles continues to offer its original flagship product, District Gummies, which are available in a range of flavors. "New District Edibles flavors bring further diversity to our brand portfolio, as we continue to expand our offerings to the market," said SLANG CEO Peter Miller.  "Consumers love the discreet and compact gummy format. The use of blister packaging, in District Edibles, ensures that the product form and dose stay consistent in any environment a customer may encounter." 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. Sour gummies will be available beginning in late February in Colorado, with distribution expected to expand into other selected states across the SLANG network throughout the 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. The Company specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.slangww.com. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.  Forward-looking statements in this news release include, but are not limited to, statements regarding the distribution footprint and product categories of the District Edibles brand. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's final long form prospectus dated January 17, 2019 and "Risks and Uncertainties" in the management discussion and analysis for the year ended December 31, 2018, each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release. SOURCE SLANG WORLDWIDE For further information: Media inquiries: Media@SLANGworldwide.co; Investor inquiries: Investors@SLANGworldwide.co Related Links www.slangworldwide.co

TORONTO, Feb. 13, 2020 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that it has expanded its strategic partnership with Cookies, a leading California-based cannabis and lifestyle brand, to bring Cookies' products to the Oregon market which will expand and diversify SLANG's product offering in the state. Pursuant to the expanded partnership with Cookies, SLANG has signed an exclusive licensing and distribution agreement in connection with the proposed sale of Cookies products for the Oregon market. A SLANG Network partner will cultivate the Cookies strains, and SLANG will market and sell the products through its statewide distribution channels. The addition of the Cookies portfolio to the Company's already sizeable product offering in Oregon will further enhance its existing portfolio across additional high value product segments. The Oregon market had retail sales of $810M USD during 2019 and is a core market to SLANG's strategy given its status as one of the most mature recreational markets in the US.  As a whole, the Oregon cannabis market grew 27% year over year as of December 2019 (per BDS Analytics), which also reflected a 7% gain versus the prior month.  Key product segments in Oregon are dried flower, concentrates and ingestibles. SLANG already has a strong position in Oregon, with its O.penVAPE Craft RESERVE and Bakked Dabaratus products positioned as leading brands. The addition of Cookies branded products is expected to help expand SLANG's market share in the state and create new revenue streams for the Company in previously untapped product categories.  SLANG and Cookies will also continue to work together to evaluate additional opportunities in other markets where SLANG operates. "Cookies has established one of the strongest brands in the history of legal cannabis and we're excited to be bringing them to cannabis consumers across the great state of Oregon," said SLANG CEO Peter Miller.  "The SLANG network has been built through collaboration with strong partners like the team at Cookies. The expansion of this partnership deepens our working relationship and creates exciting new commercial opportunities for both companies in the Oregon market." "Growing up, Oregon always embraced West Coast culture, especially when it came to music. Oregon is home to some of the most educated consumers and best cultivators in the game, so we took our time in finding the right partner. After vetting multiple groups, we are confident we found the right team to roll out Cookies and its family of brands. Oregon has always shown Cookies and its genetics so much love and we can't wait to bring our new-new to the state," said Berner, founder and CEO of Cookies. SLANG and Cookies are currently collaborating with SLANG network partners in Oregon on product development with the goal of introducing Cookies branded products in Q2 2020. In October 2019, SLANG and Cookies announced a partnership to sell Cookies-branded products in Colorado through SLANG's distribution channels.  These products are currently under development and we expect to see products on shelves in Colorado in the near future.  SLANG and Cookies will continue to work together to evaluate additional opportunities in other markets where SLANG operates. About SLANG Worldwide Inc.SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. The Company specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.slangww.com. About CookiesCurated for the connoisseur, the Cookies brand leads global cannabis culture from its headquarters in the Bay Area, California. Born from humble beginnings in a San Francisco Mission District garage, and dedicated from day one to excellent genetics and authentic culture, Cookies was officially founded in 2012 by the top-selling, award-winning Bay Area rapper and entrepreneur Berner, and his partner Jai, a leading Bay Area cultivator and breeder of Girl Scout Cookies, Gelato, and other top-selling strains of contemporary cannabis. Cookies has one of the most in-demand, fast-moving, premium-priced cannabis products, with a library of over 50 cannabis varieties and product lines including indoor, outdoor and sungrown flower, pre-rolls, vape carts, edibles, and gel caps. Cookies' two flagship stores in Los Angeles on Melrose and Maywood plus a third location in Redding are stocked with elite, designer, high-end cannabis varieties grown in-house for unparalleled product quality control. Cookies' vertical integration ensures excellence and authenticity—from product execution to the final consumer retail experience. And Cookies' deep talent roster has decades of combined institutional knowledge of both the plant and the culture. To learn more, please visit www.cookiescalifornia.com. Forward-Looking StatementsThis news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.  Forward-looking statements in this news release include, but are not limited to, statements regarding the distribution of the Cookies brand in Colorado and 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, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's final long form prospectus dated January 17, 2019 and "Risks and Uncertainties" in the management discussion and analysis for the year ended December 31, 2018, each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.   SOURCE SLANG WORLDWIDE

TORONTO, Jan. 6, 2020 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a global leader in the cannabis consumer packaged goods sector with a vast portfolio of popular brands distributed in over 2,600 stores across the United States, today announced that it is expanding into the Ohio medical cannabis market by the entering into of a licensing agreement with Standard Wellness Company, LLC ("Standard Wellness"). Pursuant to the licensing agreement, Standard Wellness has been granted an exclusive license to produce and distribute the SLANG product suite in Ohio, beginning with its category-leading O.penVAPE, Pressies, Bakked and District Edibles brands. SLANG will derive revenue for each branded product sold in the state, with sales expected to commence in 2020. "We strive to create brand awareness early and establish relationships with consumers in attractive, new cannabis markets," said SLANG CEO Peter Miller.  "Our discipline around capital efficiency makes partnerships like this very strategic in achieving our near and long-term goals for brand awareness, while giving our partners a competitive advantage and a running start in their markets." Standard Wellness was Ohio's first vertically integrated licensed cannabis producer. Its cultivation and processing facility is located in Gibsonburg, Ohio, and it currently distributes products to every medical cannabis dispensary in the state. "Our strategy is to partner with leading brands to bring the finest quality cannabis products to patients in Ohio and empower them to lead healthy and rewarding lives," said Standard Wellness CEO Jared Maloof. "Our agreement with SLANG will enable us to diversify our product portfolio with recognized brands and help fuel our continued growth." Licensed medical cannabis sales commenced in Ohio in January 2019. By the end of November, nearly 75,000 patients had registered with the State Board of Pharmacy and total cumulative product sales had reached US$49 million, according to the Ohio Medical Control Program. The total market for medical cannabis sales in Ohio is expected to exceed US$500 million by 2022, according to estimates published by Cormark Securities in January 2019. Ohio is the seventh largest state in the U.S. with a population of 11.7 million. About SLANG Worldwide Inc.SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a vast portfolio of popular brands distributed in over 2,600 stores across the United States. The Company specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.slangww.com. About Standard WellnessStandard Wellness is Ohio's premier medical marijuana brand serving patients with a full line of cannabis-based natural health remedies. The company was founded in 2017 and uses a fully integrated processing, production and dispensary system, through its sister company The Forest Sandusky LLC, to offer high quality medicinal marijuana products. Its cultivation and processing facility is located in Gibsonburg, Ohio. Standard Wellness also cultivates medical marijuana in Utah and will commence processing and production there in early 2020. Most recently, Standard Wellness was awarded cultivation licenses in the State of Missouri. For more information visit www.standardwellness.com.  The Cleveland-based law firm Walter | Haverfield advised Standard Wellness on the SLANG transaction. Forward-Looking StatementsThis news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's final long form prospectus dated January 17, 2019 and "Risks and Uncertainties" in the management discussion and analysis for the year ended December 31, 2018, each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release. SOURCE SLANG WORLDWIDE

TORONTO, Dec. 30, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a global leader in the cannabis consumer packaged goods sector with a vast portfolio of popular brands distributed in over 2,600 stores across the United States, today announced that Jeremy Heidl has resigned from the Company's Board of Directors. Jeremy Heidl has served as a director of SLANG since July of this year. He was a co-founder of Organa Brands and its predecessor, O.penVAPE. "After a decade working in the regulated cannabis industry, and the successful acquisition and integration of Organa Brands into SLANG, I am happy to announce my retirement," said Jeremy Heidl. "I am incredibly proud of the team and culture we've built through the years, which continues to this day. I remain fully supportive of the SLANG team and look forward to their continued execution of their strategic vision. The future of SLANG is bright." "Jeremy has been a true pioneer and innovator within the legal cannabis industry since its inception," said SLANG CEO and Chairman of the Board, Peter Miller. "We thank him for his contributions over the years and wish him the best." About SLANG Worldwide Inc.SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a vast portfolio of popular brands distributed in over 2,600 stores 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 StatementsThis news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's final long form prospectus dated January 17, 2019 and "Risks and Uncertainties" in the management discussion and analysis for the year ended December 31, 2018, each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.   SOURCE SLANG WORLDWIDE

TORONTO, Dec. 5, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), today announced that it has closed a second tranche of its non-brokered private placement financing that was previously announced on November 26, 2019 (the "Financing") due to strong investor demand. Pursuant to the second closing, the Company issued an aggregate of 3,570,407 units ("Units") at a price of $0.49 per Unit for gross proceeds of $1,750,000.  Each Unit is comprised of one SLANG common share (a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share for five years at an exercise price of $0.52 per Common Share. The Company has the option to accelerate the exercise of the Warrants after one year, in quarterly tranches equal to one-third of the aggregate number of Warrants issued, in the event that the Common Shares trade at a price in excess of $1.50 for a period of 30 consecutive days. Should all of the Warrants issued pursuant to the Financing be exercised, it would provide the Company with an additional $1,750,000 million in proceeds. The Company intends to use the proceeds of the Financing to support strategic growth opportunities and for general corporate purposes. Certain of the securities issued pursuant to the Financing are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 12 US states. The Company is focused on acquiring and developing market-proven regional brands as well as creating new brands to meet the needs of cannabis consumers worldwide. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.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, 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

Q3 2019 revenue of $9.3 million, a 29% increase over Q2 2019 revenue of $7.2 million Q3 2019 pro forma revenue of $27 million which includes the impact of previously announced acquisitions and investments, a 23% increase over Q2 2019 pro forma revenue of $22 million Q3 2019 gross profit of $4.6 million increased 41% versus Q2 2019 gross profit of $3.3 million; gross margin improved to 49% from 45% Sold over 900,000 branded units, containing 64 million branded servings, in 12 states, through 2,600+ retailers Reiterating 2019 pro forma annualized revenue guidance of $70-$100 million Targeting positive operating cash flow by mid-2020 Exercised option to acquire the Allied Concessions Group Inc. ("ACG") distribution business in Colorado Concurrently announced a $15 million non-brokered private placement, enhancing the balance sheet for opportunistic, previously uncontemplated growth investments and initiatives.   TORONTO, Nov. 26, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), today announced that it has filed its financial results for the three and nine months ended September 30, 2019. Additionally, the Company is pleased to announce a non-brokered private placement for aggregate gross proceeds of approximately $15 million. The consolidated financial statements were prepared in accordance with International Financial Reporting Standards ("IFRS").  All figures in this press release are stated in Canadian dollars unless otherwise noted. "In Q3 2019, we continued to see strong organic revenue growth. Across our portfolio, we saw favourable developments, including a shift in consumer spending toward the premium end of our portfolio, particularly Craft Reserve and Firefly. We continue to diversify our portfolio of products to increase total cannabis market share across both historically strong and blue-sky product segments, for SLANG," said SLANG CEO Peter Miller. "Additionally, we are excited to accept additional financing. This significant capital infusion from existing, long-term shareholders further strengthens our balance sheet. The Company's ongoing efforts toward increased acquisition-centric efficiencies, our goal of positive operating cash flow by mid-2020, today's enhanced cash position, and our powerful, multi-state platform allow us to be opportunistic around growth opportunities in this dynamic environment. We see huge opportunity in flower, ultra-premium concentrates, and other previously untapped product segments for SLANG." Key Financial and Operational Highlights Financial Highlights: Q3 2019 revenue of $9.3 million represents a sequential increase of 29% over the $7.2 million of revenue generated in Q2 2019. The increase reflects ongoing business strength in core markets and a favourable shift in product mix, including accelerating sales of premium products in the SLANG portfolio. Q3 2019 pro forma revenue of $27 million which includes the impact of the previously announced proposed acquisitions, investments, and the exercise of options to own assets within the SLANG Network. Q3 2019 gross profit of $4.6 million (49% margin) compared to $3.3 million in Q2 2019 (45% margin) reflects positive impact of changes to product mix and continued integration of existing assets, particularly procurement resources. Q3 2019 adjusted EBITDA loss of $1.6 million, consistent with an adjusted EBITDA loss of $1.6 million in Q2 2019 as gross profit improvements were offset by increased expenses related to corporate activities. Net income of $0.4 million in Q3 2019 compared with a net income of $17.5 million in Q2 2019.  Net income in the quarter was driven by a favourable $106.6 million fair value adjustment to derivative liabilities and the options to acquire NS Holdings Inc. ("NSH") and ACG (the balance of the Organa Brands business), offset by a non-cash impairment charge relating to a write-down of goodwill for acquisitions completed in January 2019 and by increased operating expenses in the quarter. $10.6 million of cash and cash equivalents at the end of the quarter. Subsequent to quarter-end, the Company agreed to raise an additional $15 million through a non-brokered private placement financing.   Operational Highlights: In July, the RESERVE line of vaporizer cartridges became the first SLANG products available in Florida through the Company's partnership with Trulieve Cannabis Corp. Expanded potential reach of the SLANG Network to the European Union with an announced partnership with Global Cannabis Corp (Greece). Further developed the Pressie Pills product line through launching the Pressie Pills 10-pack SKU in Colorado in August, as a follow up to the success of the single-serve Pressies product, and soft-launching the Pressies product in California in July. Accepted an investment from Bruce Linton, co-founder of Canopy Growth Corporation on September 17. In connection with the investment, each of the directors and senior officers of SLANG, who hold an aggregate of approximately 53 million common shares, entered into lock-up agreements. Launched the Firefly Mini in select retailers throughout Colorado. The Company is focused on increasing distribution for the Mini in Q4 2019. On October 15 the Company announced that it entered into a strategic partnership with Cookies, a leading California-based cannabis and lifestyle brand, to bring Cookies' products to the Colorado market in early 2020. Continued to advance the Company's integration of its existing assets and to pursue value capture initiatives across SLANG. To date, the Company has been focused on strong financial discipline. As such, the Company has sought to streamline its marketing, finance, legal, and operations functions, which have directly led to over 400 basis point improvement of its gross margin percentage and is expected to result in an estimate of $3 million in annualized savings, thereby accelerating the Company's path to profitability. Worked toward consolidating the Colorado supply chain. The Company has exercised its option to acquire ACG.  Closing of the acquisition will allow us to consolidate operations in Colorado. This is expected to increase revenue while streamlining operations and costs in our largest market.   Brand Key Performance Indicators in Q3 2019: 913,000 branded units sold — The Company saw an increase in quarterly revenue driven by higher sales of premium products within the portfolio.  Despite sociopolitical headwinds, our leading Craft Reserve and Reserve brands in the O.penVAPE line maintained a #1 sales positions across key markets, including Colorado, New Mexico, and Vermont. 64 million branded servings (average of approximately 700,000 servings per day) —The divergence between sales volume and branded servings was driven by product mix which increasingly contains premium products with fewer cannabinoids per serving or, in the case of the Firefly 2+, no cannabinoids.  Branded Servings declined less than Branded Units as cannabis-containing products sold were generally premium, larger format product offerings. 2,600+ retail stores across 12 states selling SLANG's branded products — SLANG continues to maintain an extensive distribution network which spans the US and abroad.   Growth Catalysts: SLANG will continue to capitalize on growth opportunities within the sector through expanding both its product offerings and distribution channels, ensuring that the Company stays ahead of evolving consumer trends and may reach the broadest consumer base possible. The Company has highlighted a number of key growth initiatives being pursued that will increase consumer demand within its portfolio. Flower: To-date, SLANG has not yet engaged consumers directly in the flower vertical. In FY2020, SLANG expects to enter this space with three key partnerships: Green House Seed Company, Strain Hunters, and Cookies. Each brand was strategically added to the SLANG portfolio, as they are among the most recognized flower brands in cannabis today. The Company expects to release branded flower and pre-rolls in Colorado and California by Q2 2020. The flower segment accounts for an estimated 40% to 50% of retail sales in each of these markets, which can significantly expand SLANG's addressable market. Additionally, we anticipate that premium branded flower may further bolster sales of the Firefly 2+ through cross promotion. Concentrate and Vaporizer: SLANG currently maintains a portfolio of dozens of concentrate SKUs under its Craft Reserve, Reserve, and Bakked product lines. Within most key markets, these SKUs are among the highest selling concentrate products on shelves, including in Colorado where 6 of the highest selling vape SKUs are either Craft Reserve or Reserve products. To build upon this success, SLANG is continuing to innovate through the development of improved delivery devices and form factors. As part of its iterative product strategy, SLANG soft-launched the FireFly Mini product in Colorado during Q3 2019. After positive traction in the market, the Company now anticipates a full state-wide launch in Q4 2019, followed by a product roll-out in California, Oregon and Washington in the first half of 2020. Additionally, SLANG anticipates offering further additions to its product mix, including live resin products in 2020. Edibles: To build upon the success of its District Edibles, Pressies, and Magic Buzz brands, SLANG is expanding its SKUs with the release of new flavors of existing products and new delivery forms, including sours, chocolates, and mints, and expanding the brands' market reach by distributing new offerings throughout our core markets—we see significant upside here as our Edibles portfolio is not yet as well distributed throughout our channels as our concentrate and vaporizer products. SLANG Health & Wellness: SLANG entered the CBD market in Q2 2019 with the launch of its Reserve CBD vape pen under the O.penVAPE brand. The company expects to continue the development of its portfolio of CBD products by extending its existing brand portfolio, while also introducing new branded products in 2020. In addition to SLANG's existing strategic relationship with Greenlane, the Company is also pursuing other direct-to-consumer distribution channels that will position its brands for large-scale adoption. Organic Growth in Core Markets: SLANG brands maintain leadership positions in a number of competitive recreational cannabis markets, both mature and evolving.  The Company views these core markets (Colorado, Oregon, California, Nevada) as key to SLANG's continued growth. As SLANG continues to expand the distribution footprint and contents of its portfolio of products within the aforementioned territories, the company is poised for organic growth as regulatory headwinds and a changing capital environment create greater opportunities to build market share. Maturation of Emerging Markets: Several of SLANG's existing key US markets are expected to mature in FY2020, including Florida and Oklahoma. In emerging markets such as Michigan and Massachusetts, the Company is well positioned to make a quick entry should market dynamics shift favourably.  The above markets represent well over $1 billion in potential sales. Internationally, SLANG is well-positioned for early market adoption through its previously announced proposed partnerships in Latin America, the EU, and in Canada through its minority ownership of the Canadian Licensed Producer Agripharm Inc. SLANG's partnerships within emerging markets offer exponential growth within the context of this novel market.   Corporate Development Update: Subsequent to quarter-end, the Company exercised its option to acquire Allied Concessions Group ("ACG"), one of the two manufacturing and distribution assets of Organa Brands. Upon closing, the acquisition of ACG will allow the Company to consolidate and streamline its operations in Colorado while increasing revenue. Completion of the transaction is subject to the execution of definitive documentation and State licensing approval and is targeted for early 2020. The Company continues to work towards being in a position to exercise its option to acquire NSH, the other remaining Organa Brands business, subject to the terms and conditions of the applicable option agreements. The Company announced the proposed acquisition of Arbor Pacific, Inc. ("Arbor") and LBA Global Corporation ("LBA") during the second quarter of 2019. The Company is committed to completing both transactions on terms that are mutually agreeable for shareholders of the acquiring and selling companies, in the context of evolving market conditions since the time of the original announcements.   Announcement of $15M Private Placement SLANG has announced today a non-brokered private placement financing (the "Financing") for aggregate gross proceeds of $15,152,063. Investors include existing institutional shareholders of the Company and an additional investment by investor Bruce Linton. The Company intends to use the proceeds of the private placement to support strategic growth opportunities and for general corporate purposes. Pursuant to the Financing, the Company will issue 30,922,579 units ("Units") at a price of $0.49 per Unit.  Each Unit is comprised of one SLANG common share (a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share for five years at an exercise price of $0.52 per Common Share. The Company has the option to accelerate the exercise of the Warrants after one year, in quarterly tranches equal to one-third of the aggregate number of Warrants issued, in the event that the Common Shares trade at a price in excess of $1.50 for a period of 30 consecutive days. Should all of the Warrants be exercised, it would provide the Company with an additional $16 million in cash. The Financing is expected to close imminently. Q3 2019 Financial Review The consolidated financial statements were prepared in accordance with IFRS.  All figures are stated in Canadian dollars unless otherwise noted. The following is selected presentation of the Income Statement for the quarter ended September 30, 2019 and the comparable quarter in 2018:   September 30,2019 September 30,2018 (In thousands except per share data andpercentages) CDN CDN NET OPERATING REVENUE $ 9,314 $ 1,613 Cost of goods sold 4,723 0 GROSS PROFIT 4,591 1,613 GROSS PROFIT MARGIN 49% 100% Operating expenses 15,324 11,569 OPERATING (LOSS) (10,733) (9,956) Other items (Impairment, FV adjustment,FX, gains/lossesetc.) 12,923 (6,154) TOTAL COMPREHENSIVEINCOME / (LOSS) $ 2,190 $ (16,110) EARNINGS PER SHARE     Basic $ 0.00 $ (0.18) Diluted $ (0.05) $ (0.18) Gross Margin The Company generated a 49% gross margin in the quarter ended September 30, 2019. The Company has begun to realize a positive gross margin impact from 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. Below is the normalized gross profit margin from operations for the three months ended September 30, 2019 as well as the previous quarter: 3-months ending: September 30,2019 June 30, 2019 (In thousands except per share data andpercentages) CDN CDN Net Operating Revenue $ 9,314 $ 7,194 Cost of goods sold 4,723 3,927 Adjusted Gross Profit $ 4,591 $ 3,267 Non-IFRS Measures EBITDA, Adjusted EBITDA, 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.  See the heading "Operations Overview – Branded Volume" in the Company's Q3 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 is a non-IFRS measure and does 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.   September 30,2019 (In thousands except per share data andpercentages) CDN TOTAL COMPREHENSIVEINCOME $ 2,190 EBITDA (2,773) ADJUSTED EBITDA $ (1,621) See the Company's Q3 2019 MD&A for a detailed reconciliation of EBITDA and Adjusted EBITDA to Total Comprehensive Income / (Loss). Options and RSU Grants The Company announces that it has granted common stock purchase options (each, an "Option") to acquire up to 1,207,500 Common Shares of the Company to certain employees and consultants, 100,000 of which were granted to an employee engaged in investor relations for the Company. The Company further announces it has granted 3,750,000 restricted share units ("RSUs") to certain key employees of the Company, 2,500,000 of which were granted to officers and a director of the Company. The Options and RSUs are subject to certain vesting provisions which are outlined in further detail in the CSE Form 11 filed concurrently with this release. SLANG's Q3 2019 Financial Statements and Management's Discussion and Analysis will be filed on SEDAR at www.sedar.com, and on the Company's Investor Relations website at www.slangww.com. Conference Call The Company will hold a conference call at 10:00 a.m. EST on Tuesday, November 26, 2019 to discuss the Company's Q3 2019 financial results. 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 9283748. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 12 US states. The Company is focused on acquiring and developing market-proven regional brands as well as creating new brands to meet the needs of cannabis consumers worldwide. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.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, including those referenced in "Growth Catalysts" in the Company's management discussion & analysis for the period ending September 30, 2019, that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's final long form prospectus dated January 17, 2019 and "Risks and Uncertainties" in the management discussion and analysis for the year ended December 31, 2018 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 Outlooks This press release contains financial outlooks within the meaning of applicable Canadian securities laws.  The financial outlook has been prepared by management of SLANG to provide an outlook for fiscal 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 "Updated 2019 Full Year Outlook" herein, and "2019 Growth Catalysts" in the Company's management discussion & analysis for the period ending September 30, 2019 and assumptions with respect to certain proposed acquisitions.  The actual results of the Company's operations for any period will likely vary from the amounts set forth herein 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", it should not be relied on as necessarily indicative of future results. (1)  Pro Forma Financial Information 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 three-month period ended September 30, 2019 for each of Arbor, LBA, 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 at quarter-end 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). 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 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.   SOURCE SLANG WORLDWIDE