SLANG Worldwide Brings Leading Cannabis Portfolio to Puerto Rico

SLANG Worldwide Brings Leading Cannabis Portfolio to Puerto Rico

TORONTO, March 6, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG) ("SLANG" or the "Company"), a leading cannabis consumer packaged goods company, is pleased to announce a new strategic partnership with Southern Development Holdings ("SDH") to offer its branded cannabis products to patients across Puerto Rico. Pursuant to the partnership, SDH has been granted an exclusive license in Puerto Rico to the SLANG product suite, including its category-leading products O.penVAPE, :Pressies, District Edibles, Bakked, and Magic Buzz. SLANG's products will be produced in SDH's state-of-the-art GMP facility and distributed and sold broadly in medical cannabis dispensaries throughout Puerto Rico. SLANG will receive royalty payments for each SLANG branded product sold in Puerto Rico, with sales expected to begin in Q2 2019. The Company's entrance into Puerto Rico represents its second major market expansion initiative in Q1 2019, following its previously announced partnership with Florida-based Trulieve. Today, consumers can purchase SLANG's branded products in more than 2,600 retail stores across 11 US states. Puerto Rico has one of the highest number of medical cannabis patients per capita of the US territories, with over 59,000 patients and 71 dispensaries, as of February 2019 per the Puerto Rico Department of Health. Beyond its existing network of patients, Puerto Rico also offers reciprocal dispensary access to out-of-town visitors who hold active medical marijuana licenses from qualified state programs, as well as online registration for those interested in obtaining a medical cannabis permit. "We are excited to bring our high-quality brands to consumers in Puerto Rico and the Latin American market," said SLANG CEO Peter Miller.  "Building global brands requires teamwork. Leveraging partnerships with the highest calibre operators enhances SLANG's brand share and revenue with impressive scalability." The SDH leadership team is comprised of some of the best commercial agriculture and distribution experience in the territory. With 30 years of expertise in the processing and distribution of grain, coffee, rice, beverages and other consumer packaged products, the SDH team offers the experience of one of largest agro-industrial companies in the Caribbean. About SLANG Worldwide Inc.SLANG Worldwide Inc. is a leading cannabis-focused consumer packaged goods company.  The Company is focused on acquiring and developing market-proven regional brands, as well as creating new brands to meet the needs of cannabis consumers worldwide. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.slangworldwide.co. Forward-Looking 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 document include, but are not limited to, statements regarding the anticipated benefits of the relationship between SLANG and Southern Development Holdings, the introduction and distribution of SLANG branded products in Puerto Rico and the anticipated growth of the Puerto Rico medical cannabis market generally. 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 possibility that the Company or Southern Development Holdings will be unable to successfully integrate the SLANG product portfolio in the Territory of Puerto Rico, the risks associated with international and foreign operations and the other risks identified under the heading "Risk Factors" in SLANG's final long form prospectus dated January 17, 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. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. SOURCE SLANG WORLDWIDE For further information: Media inquiries: Media@SLANGworldwide.co
SLANG Worldwide and Trulieve Cannabis Partner to Bring Unmatched Portfolio of Cannabis Products to the Florida Market

SLANG Worldwide and Trulieve Cannabis Partner to Bring Unmatched Portfolio of Cannabis Products to the Florida Market

TORONTO, Feb. 19, 2019 /CNW/ - SLANG Worldwide (CNSX: SLNG) ("SLANG"), a global cannabis consumer packaged goods company, and Trulieve Cannabis (OTC: TCNNF & CNSX: TRUL) ("Trulieve"), a Florida-based national cannabis company, are pleased to announce a new strategic partnership to offer cannabis patients in Florida access to leading cannabis brands in Trulieve's dispensaries across the state. Pursuant to the partnership, Trulieve has an exclusive license to SLANG's extensive portfolio through its U.S. subsidiary, National Concessions Group, Inc. (doing business as Organa Brands). "Great partnerships and collaboration are foundational to SLANG's culture, scalability, and growth strategy," said SLANG's CEO Peter Miller. "Not only does Trulieve operate one of the most impressive cannabis cultivation and distribution businesses in Florida, they also share SLANG's commitment to bringing leading cannabis products to consumers. Every year, SLANG products deliver millions of high-quality cannabis experiences to consumers around the world and, in partnership with Trulieve, we look forward to providing those same exceptional cannabis products to Florida's patients." With over 180,000 registered medical marijuana patients, a figure that has tripled since 2017, Florida represents one of the most significant cannabis markets in the United States. Trulieve is responsible for consistently producing and distributing between 60% and 80% of cannabis in the state, per the Florida Department of Health. Thanks to Trulieve's extensive distribution network in Florida, which includes 24 dispensaries and home delivery available statewide, this partnership represents a significant opportunity to bring SLANG's expansive, unique portfolio of branded cannabis products to Florida's rapidly growing patient base and offer relief in a variety of consumption methods, including cannabis-infused edibles and drinks. "SLANG operates with the same goals as Trulieve, working to expand patient access and create products that are high-quality, consistent, and reliable," said Trulieve CEO Kim Rivers. "SLANG's expansive portfolio ranges from vaporizer cartridges to edibles to concentrates, all products that will provide Florida's patients with the effective, natural relief they're seeking in ways that are innovative and fresh." Through the strategic partnership, SLANG will introduce the O.penVAPE, Bakked, District Edibles, and Magic Buzz product lines to Florida medical patients. Availability of edible products will be subject to regulatory approval by the Florida Department of Health. As part of the agreement signed by the two groups, SLANG will collaborate with Trulieve with regard to the production and distribution of the SLANG portfolio of products, offering in-house training to staff in preparation for production and distribution exclusively through Trulieve. Media inquiries:Media@SLANGworldwide.co About SLANGSLANG is a leading cannabis-focused consumer packaged goods company. The company is focused on acquiring and developing market-proven regional brands, as well as creating new brands to meet the needs of cannabis consumers worldwide. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG. For more information, please visit www.SLANGWorldwide.co About TrulieveTrulieve Cannabis Corp. is a vertically integrated "seed to sale" company and is the first and largest fully licensed cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve-branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve also operates in California and Massachusetts. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL. To learn more about Trulieve, visit www.Trulieve.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 document include, but are not limited to, statements regarding the anticipated benefits of the relationship between SLANG and Trulieve, the receipt of anticipated regulatory approvals and ultimate sale of SLANG products in Trulieve dispensaries, and the anticipated growth of the Florida medical cannabis market generally. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG and Trulieve 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 possibility that the Company or Trulieve will be unable to successfully integrate the Organa Brands product portfolio in the State of Florida, the risks associated with international and foreign operations and the other risks identified under the heading "Risk Factors" in SLANG's final long form prospectus dated January 17, 2019, and Trulieve's Annual Information Form for the year ended December 31, 2017, each as filed on SEDAR at www.sedar.com. Neither SLANG nor Trulieve is 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. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. SOURCE SLANG WORLDWIDE For further information: Kevin Darmody, Director, Investor Relations, (850) 480-7955, IR@trulieve.com; Victoria Walker, Director of Marketing & Community Relations, (704) 773-3446, Victoria.Walker@trulieve.com
SLANG Worldwide Begins Trading on the Canadian Securities Exchange Under Ticker Symbol "SLNG"

SLANG Worldwide Begins Trading on the Canadian Securities Exchange Under Ticker Symbol "SLNG"

TORONTO, Jan. 29, 2019 /CNW/ - SLANG Worldwide Inc. (formerly, Fire Cannabis Inc.) ("SLANG" or the "Company") is pleased to announce that today, January 29, 2019, the Company will commence trading on the Canadian Securities Exchange under the ticker symbol "SLNG". "This event marks the culmination of a multi-year effort by the leadership of the combined teams and assets" said SLANG Chief Executive Officer Peter Miller. "We are incredibly excited to begin this new chapter as a public company and are deeply appreciative for the ongoing guidance and support of our shareholders, legal counsel, bankers and advisors." For more information on the company please visit the www.slangworldwide.co About SLANG Worldwide Inc. SLANG is a leading cannabis-focused consumer packaged goods company. The Company is focused on acquiring and developing market-proven regional brands, as well as creating new brands to meet the needs of cannabis consumers worldwide. SOURCE SLANG WORLDWIDE For further information: Peter Miller, media@slangworldwide.co
SLANG Worldwide Completes Oversubscribed $66 Million Financing, Satisfies Escrow Release Conditions and Secures Portfolio of Leading Cannabis Brands Ahead of Listing on CSE

SLANG Worldwide Completes Oversubscribed $66 Million Financing, Satisfies Escrow Release Conditions and Secures Portfolio of Leading Cannabis Brands Ahead of Listing on CSE

TORONTO, Jan. 22, 2019 (GLOBE NEWSWIRE) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES SLANG Worldwide Inc. (formerly, Fire Cannabis Inc.) (“SLANG” or the “Company”) is pleased to announce that on September 26, 2018, the Company completed its previously announced offering of subscription receipts of the Company (the “Subscription Receipts”) pursuant to which the Company issued 43,998,590 Subscription Receipts at a price of C$1.50 per Subscription Receipt for aggregate gross proceeds of approximately $66 million (the “Subscription Receipt Offering”).  SLANG has subsequently delivered an escrow release notice (the “Escrow Release Notice”) to Odyssey Trust Company (the “Subscription Receipt Agent”) pursuant to the terms of a subscription receipt agreement dated September 26, 2018 between SLANG, the Subscription Receipt Agent and Canaccord Genuity Corp. (the “Subscription Receipt Agreement”) confirming that SLANG has satisfied all of the escrow release conditions, including (i) the completion or satisfaction or waiver of all conditions precedent (other than funding) to the completion of the Acquisitions (as defined herein); (ii) SLANG obtaining a receipt for its final (long-form) prospectus dated January 17, 2019 (the “Prospectus”); and (iii) SLANG obtaining conditional approval from the Canadian Securities Exchange (the “CSE”) for the listing of the common shares in the capital of SLANG (the “Common Shares”) on the CSE. In connection with the delivery of the Escrow Release Notice, the escrowed funds held by the Subscription Receipt Agent, less certain commissions and expenses, have been released from escrow in order to allow SLANG to, among other things, acquire: (i) all of the interests and equity in National Concessions Group, Inc. (“Organa Brands”) from the existing security holders of Organa Brands (the “Organa Brands Acquisition”); and (ii) all of the interests and equity in NWT Holdings, LLC (“Firefly”) from the existing security holders of Firefly (the “Firefly Acquisition” and together with the Organa Brands Acquisition, the “Acquisitions”). Additionally, pursuant to the Organa Brands Acquisition, the Company has been granted an option to acquire all of the outstanding securities of Allied Concessions Group Inc. (“ACG”) and an option to acquire all of the outstanding securities of NS Holdings, Inc. (“NCG”).  NSH and ACG are state licensed entities with cannabis related operations further up the supply chain. “These transactions establish SLANG as a leading consumer packaged goods company in the cannabis industry,” said Peter Miller, SLANG Co-Founder and CEO. “We’re on the frontier of one of the greatest opportunities in the history of consumer packaged goods.” The Acquisitions will complement SLANG’s portfolio of brands in the global cannabis industry, which includes a right of first refusal to license the Green House Brands (Green House Seed Co. and Strain Hunters) in the United States. Management believes that SLANG’s portfolio of brands is uniquely positioned to thrive in the highly competitive cannabis market, as each brand is built on intellectual property with a proven track record of success. The Company will continue to develop and market best-selling branded products that provide the high quality and consistency valued by loyal and prospective consumers. SLANG’s products can now be found in over 2,600 stores across 10 US states and 14 countries. “We believe that the greatest value in the industry will be created by strong brands that are widely distributed, and our strategy reflects that belief,” said Billy Levy, Co-Founder and President. “SLANG expects to compete at the highest levels in mature cannabis markets while maintaining minimal exposure to commodity cannabis production.” Conversion of the Subscription Receipts In connection with the delivery of the Escrow Release Notice, 43,998,590 Subscription Receipts were automatically converted, without any further consideration or action by the holders thereof, into 43,998,590 Common Shares and 21,999,281 common share purchase warrants (the “Warrants”). Each Warrant is exercisable into one Common Share at an exercise price of C$2.25 for a period of 24 months commencing on the date that the Common Shares are listed on the CSE, subject to certain acceleration and adjustment provisions, as described in the Prospectus. The Common Shares and Warrants (including the Common Shares issuable thereunder) issued upon conversion of the Subscription Receipts have been qualified by the Prospectus and are free trading.  A copy of the Prospectus and the receipt therefor is available under the Company’s issuer profile on SEDAR at www.sedar.com. The Subscription Receipt Offering was completed by a syndicate of agents co-led by Canaccord Genuity Corp. and Clarus Securities Inc., together with GMP Securities L.P. and Paradigm Capital Inc. Special Warrant Financing As previously announced, on February 21, 2018, SLANG completed a brokered private placement of 22,393,366 special warrants (the “Special Warrants”) at a price of $0.75 per Special Warrant for gross proceeds of approximately $16.8 million. The Special Warrant financing was co-led by Canaccord Genuity Corp. and Clarus Securities Inc. As a result of penalty provisions attached to the Special Warrants, the Special Warrants automatically converted into 26,872,028 Common Shares and 13,436,005 common share purchase warrants (the “February Warrants”) on July 21, 2018. Each February Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $1.15 until July 21, 2020, subject to certain acceleration and adjustment provisions, as described in the Prospectus. The Common Shares and February Warrants (including the Common Shares issuable thereunder) are free trading. Listing of the Common Shares on the CSE and Reporting Issuer Status The Company has received conditional approval from the CSE for the listing of the Common Shares and expects the Common Shares to commence trading on the CSE under the stock symbol “SLNG” at market open on or about January 29, 2019. Listing is subject to the Company fulfilling all listing requirements of the CSE. Upon obtaining the receipt for the Prospectus, the Company is now a reporting issuer in the Provinces of Ontario, British Columbia, Alberta, Saskatchewan, Québec and Nova Scotia. About SLANG SLANG is a leading cannabis-focused consumer packaged goods company.  The Company is focused on acquiring and developing market-proven regional brands, as well as creating new brands to meet the needs of cannabis consumers worldwide. About Organa Brands Organa Brands revolutionized the cannabis industry with the introduction of the ground-breaking O.penVAPE device in 2012. Today, Organa Brands is home to some of the world’s largest consumer cannabis brands. After developing O.penVAPE, Bakked, Pressies, and Organa Labs into world-class brands with nationwide distribution, the company acquired The Magic Buzz, and an interest in, and exclusive distribution rights for, District Edibles. Organa Brands sells one of its products every 4 seconds around the world, and has delivered over one billion puffs through its flagship O.penVAPE line. A pioneer in the cannabis space, Organa Brands products are available in 10 US states, Canada, and Jamaica. About Firefly Launched in 2013, Firefly develops premium portable vaporizers powered by world-class technology. The brand’s Firefly 2 vaporizer is widely considered to be one of the leading premium dry herb vaporizers on the market and can be found today across 14 countries. Firefly’s dynamic convection technology delivers rich, flavorful vapor in seconds and celebrates your flowers and concentrates at their freshest. Forward-Looking Statements Certain statements included herein, including those that express management’s expectations or estimates of the Company’s future performance, constitute “forward-looking statements” within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “potential” or the negative of these terms or other similar expressions. Forward-looking statements in this press release include, but are not limited to, statements with respect to anticipated revenue of the Company, synergies associated with the Acquisitions and the anticipated date for the commencement of trading of the Common Shares on the CSE. Forward-looking statements are based on certain assumptions regarding the Company’s expected growth, results of operations, performance, industry trends and growth opportunities. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management 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 possibility that the Company will be unable to successfully integrate Firefly or Organa Brands’ businesses, the risks associated with international and foreign operations, the timing and ability of the Company to satisfy the final listing requirements of the CSE and the other risks identified under the heading “Risk Factors” in the Prospectus, as filed on SEDAR at www.sedar.com. The forward-looking statements contained herein reflect the Company’s current views with respect to future events, and except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events, or otherwise. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Peter Miller, Chief Executive Officerinvestors@slangworldwide.co
SLANG Worldwide Announces $50 Million Subscription Receipt Financing in Connection with Proposed Strategic Transactions and Going Public Event

SLANG Worldwide Announces $50 Million Subscription Receipt Financing in Connection with Proposed Strategic Transactions and Going Public Event

TORONTO, July 20, 2018 /CNW/ - Fire Cannabis Inc. (doing business as SLANG Worldwide) (the "Company" or "SLANG") is pleased to announce that the Company has engaged Canaccord Genuity Corp. ("Canaccord Genuity") and Clarus Securities Inc. as co-lead agents and co-bookrunners on behalf of a syndicate of agents, including GMP Securities L.P. and Paradigm Capital Inc. (collectively, the "Agents") in connection with a best efforts private placement offering of subscription receipts (the "Subscription Receipts") at a price of $1.50 per Subscription Receipt (the "Issue Price") for aggregate gross proceeds of up to $50,000,000 (the "Offering"). PowerOne Capital Markets Ltd. and XIB Financial are acting as special advisors to the Company in connection with the Offering. The net proceeds from the Offering will be applied to fuel the Company's growth as it pursues investment and M&A opportunities for strategic cannabis consumer packaged goods and distribution-related assets. A portion of the net proceeds will also be used to satisfy the cash consideration payable in connection with the Organa Brands Transaction and Firefly Transaction (each as defined herein). Further details relating to the Subscription Receipts and the Offering are set out below. CORPORATE UPDATE SLANG is proposing to complete a series of transactions with the aim of cementing its position as an operator of some of the world's best cannabis brands and distribution assets. The proposed addition of these assets to SLANG's industry-leading platform will significantly advance the Company's strategy of pairing a leading brand portfolio with the world's most extensive distribution network. Already strategically aligned with three of the largest and most recognized cannabis companies in the world (Organa Brands, Canopy Growth Corporation, and Green House Brands), SLANG has gone a step further to deepen these relationships and has entered into a letter of intent with respect to the proposed acquisition of National Concessions Group, Inc. d/b/a Organa Brands ("Organa Brands" ) (the "Organa Brands Transaction") which will bring the Organa Brands brand portfolio, distribution organization and management under the SLANG umbrella. "We're proud to be building a company with real, seasoned operators like the team at Organa Brands. Organa Brands was one of the early pioneers in the space, and their ability to successfully launch brands across multiple markets in the United States is unmatched," said SLANG Co-founder and Director, Billy Levy. SLANG is also seeking to increase its international footprint, having executed a letter of intent to enter into a strategic partnership that will encompass a licensing and distribution arrangement with Canadian licensed producer Agripharm Corp. ("Agripharm") (a joint venture between Canopy Growth Corporation, Organa Brands, and Green House Seed Co.) (the "Agripharm Transaction"). Upon completion of the Agripharm Transaction, it is intended that Agripharm will produce products for SLANG's portfolio of brands and may distribute them into Canada and international markets, including Europe, South America, Africa, and Australia where such distribution is legal. The combined existing distribution capabilities of Organa Brands and Agripharm will provide the foundation for a nimble platform that will allow SLANG to quickly deploy brands, and understand consumer preferences, across multiple major markets around the world. In a rapidly evolving market rife with product and category innovation, the net proceeds of the Offering will significantly amplify SLANG's product portfolio, providing shareholders exposure to major product verticals. In addition to the brands proposed to be acquired through the Organa Brands Transaction. SLANG has entered into a letter of intent to acquire NWT Holdings, LLC d/b/a Firefly ("Firefly") (the "Firefly Transaction"), a leading premium vaporizer company, and has been granted an exclusive right of first refusal to license the historic Green House Brands portfolio of IP for use in the United States. "As entrepreneurs, innovators, and cultural observers, we've seen an incredible evolution take place within the legal cannabis industry," said Peter Miller, SLANG Co-founder and President. "We believe that we are uniquely positioned for success at a key inflection point for the evolving regulatory environment, capital markets and culture that drives the cannabis industry. Brands, distribution, and management proficiency will determine success; in these areas, we believe that SLANG is unmatched." SUMMARY OF TRANSACTIONS Organa Brands Transaction: SLANG, Organa Brands and each of the shareholders of Organa Brands have entered into a letter of intent in connection with the proposed acquisition of Organa Brands for cash and share consideration. The Organa Brands Transaction pairs some of the industry's leading brands with widespread distribution and will help create one of the largest cannabis companies in the world. Organa Brands is a leading US Cannabis company, with distribution in 10 states. Selling one of its products every four seconds, its brands can be found in over 1,500 stores in the U.S. and Jamaica. Firefly Transaction: SLANG has signed a letter of intent to acquire 100% of Firefly, a leading vaporizer technology and hardware company for cash and share consideration. Using world-class technology and design to deliver the best portable vaporizer experiences for lovers of flower and concentrates, Firefly products, including the Firefly 2, can be found today in over 2,500 stores across 14 countries. Upon completion of the Firefly Transaction, SLANG will be poised to release the next generation of Firefly devices, and distribute them across SLANG's expansive distribution platform. Agripharm Transaction: SLANG and Agripharm have entered into a letter of intent with respect to a proposed strategic partnership pursuant to which Agripharm will manufacture and distribute brands within the SLANG portfolio, and distribute them throughout its distribution channels. Agripharm is a vertically integrated, fully-licensed Canadian licensed producer that is operated as a joint venture between Canopy Growth Corporation, Green House Brands North America and Organa Brands. Green House Brands Licensing Arrangement: SLANG and Green House Brands have entered into a licensing arrangement, pursuant to which SLANG has an exclusive right of first refusal to introduce Green House Brands' portfolio of IP to the U.S. market. Established in 1985, the Green House Brands portfolio includes five leading cannabis businesses: Strain Hunters, Green House Seed Co., Green House Feeding, Green House Coffee Shops, and King of Cannabis—as seen on VICE and National Geographic. The winner of over 40 High Times Cannabis Cups, Green House has long been regarded as the pioneer of world-class genetics and cannabis brands. SUBSCRIPTION RECEIPT FINANCING The Subscription Receipts will be issued pursuant to a subscription receipt agreement (the "Subscription Receipt Agreement") to be entered into among SLANG, Canaccord Genuity and Clarus Securities Inc. and a subscription receipt agent (the "Subscription Receipt Agent"). Upon satisfaction of certain Escrow Release Conditions (as described below), each Subscription Receipt will be automatically converted without any further consideration or action by the holder thereof into one unit of the Company, comprised of one common share of the Company (a "SLANG Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will be exercisable into one SLANG Share at an exercise price of C$2.25 for a period of 24 months commencing on the date that the SLANG Shares are listed on a recognized Canadian stock exchange (the "Exchange"), subject to acceleration in the event the closing price of the SLANG Shares is equal to or greater than C$3.50 per share for 10 consecutive trading days on the Exchange. The gross proceeds of the Offering (less the expenses of the Agents and 50% of the cash commission payable to the Agents) will be delivered to and held by the Subscription Receipt Agent in an interest bearing account (the "Escrowed Funds"). The remaining 50% of the cash commission payable to the Agents (plus any pro rata portion of accrued interest earned thereon) will be released from escrow to the Agents out of the Escrowed Funds and the balance of the Escrowed Funds will be released from escrow to SLANG upon satisfaction of the following conditions (together, the "Escrow Release Conditions") on or before 5:00 p.m. (Toronto time) on the date that is 120 days following the closing of the Offering (the "Escrow Release Deadline"): (A)    the Company obtaining a receipt for a final prospectus (the "Prospectus") from the securities regulatory authorities in each of the Canadian jurisdictions in which the Subscription Receipts are sold;     (B)     the completion or the satisfaction or waiver of all conditions precedent to the: (i) Organa Brands Transaction; and (ii) Firefly Transaction, in each case in accordance with the definitive agreement governing such transactions and, to the satisfaction of Canaccord Genuity;     (C)     the receipt of all required shareholder and regulatory approvals in connection with the Prospectus and the conditional approval of the Exchange for the listing of the SLANG Shares; and     (D)    the Company and Canaccord Genuity having delivered a joint notice and direction to the Subscription Receipt Agent, confirming that the conditions set forth in (A) to (C) above have been met or waived. If: (i) the Escrow Release Conditions are not satisfied on or before the Escrow Release Deadline; or (ii) prior to the Escrow Release Deadline the Company advises Canaccord Genuity or announces to the public that it does not intend to satisfy the Escrow Release Conditions, the Escrowed Funds (plus accrued interest earned thereon) shall be returned to the holders of the Subscription Receipts on a pro rata basis and the Subscription Receipts will be cancelled without any further action on the part of the holders. To the extent that the Escrowed Funds (plus accrued interest) are not sufficient to refund the aggregate Issue Price paid by the holders of the Subscription Receipts, the Company shall be responsible and liable to contribute such amounts as are necessary to satisfy any shortfall. The Offering is expected to close on or about the week of August 20, 2018. The Subscription Receipts will be subject to an indefinite hold period under Canadian securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About SLANG Worldwide SLANG is a Toronto-based company consolidating brands along the regulated supply chain in the global cannabis industry, building a world class portfolio of assets. 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. For more information, visit www.SLANGWorldwide.co. About Organa Brands Organa Brands revolutionized the cannabis industry with the introduction of supercritical CO₂ extracted cannabis oil in 2010 and the introduction of the groundbreaking O.penVAPE device in 2012. Today, the company is home to some of the world's largest consumer cannabis brands. After developing O.penVAPE, Bakked, and Organa Labs into world-class brands with nationwide distribution, the company acquired The Magic Buzz, and an interest in, and exclusive distribution rights for, District Edibles. Organa Brands sells one of its products every 4 seconds around the world, and has delivered over one billion puffs through its flagship O.penVAPE line. A pioneer in the cannabis space, Organa Brands products are available in 10 states and Jamaica. Organa Brands' products are sold in over 1,500 retail locations with ancillary hardware sold in thousands of retailers globally – making it the largest cannabis-oil-based consumer products company in the United States. For more information, please visit www.OrganaBrands.com. About Green House Brands Green House Brands is bringing the most awarded and recognized cannabis brand in the world to the North American market. Established in 1985 in Amsterdam, the Green House Brands portfolio includes five leading marijuana businesses — Strain Hunters, Green House Seed Co., Green House Feeding, Green House Coffee shops & King of Cannabis — as seen on VICE & National Geographic. Green House assets have won the company numerous accolades, including over 40 High Times Cannabis Cups and 200+ awards for top genetics, establishing the company's leadership in the global cannabis industry. Green House was a pioneer in the development of the European cannabis coffee shop market, where its Green House Coffee shops in the Netherlands and Strain Hunters Clubs in Spain remain market leaders. As Strain Hunters, the company has been featured in documentary series on HBO and VICE, highlighting its globetrotting journeys to find the rarest landrace strains of cannabis. Green House and Strain Hunters media has over 150M views and has one of the most powerful marketing platforms in the industry. Green House enters the rapidly developing legal North American cannabis markets with all of its enterprises. For more information please visit www.greenhousebrands.com. About Agripharm Agripharm Corp. is an ACMPR-licensed, 20,000 sq. ft. indoor growing facility based in Creemore, Ontario. The company is operated through a joint venture between Canopy Growth Corporation, Green House Holdings North America Inc. (Strainhunters, Green House Seed Co., King of Cannabis, and GH Medical), and Organa Brands (O.penVAPE, Magic Buzz, Bakked, and District Edibles). About Firefly Launched in 2013, Firefly develops premium portable vaporizers powered by world-class technology. The brands Firefly 2 vaporizer is widely considered to be one of the leading premium dry herb vaporizers on the market and can be found today in over 2,500 stores across 14 countries. Firefly's dynamic convection technology delivers rich, flavorful vapor in seconds and celebrates your flowers and concentrates at their freshest. For more information, visit www.thefirefly.com/. FORWARD-LOOKING INFORMATION This news release includes forward-looking information that is subject to risks and uncertainties. All statements herein, other than statements of historical fact, are to be considered forward-looking, including statements with respect to the completion and terms of the Offering, the Organa Brands Transaction, the Firefly Transaction, the Agripharm Transaction (collectively, the "Proposed Transactions"), the satisfaction or waiver of the Escrow Release Conditions, including the listing of the SLANG Shares on the Exchange and the use of proceeds of the Offering. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made and involve significant known and unknown risks, uncertainties and assumptions, including among other things, the risk that the Offering and the Proposed Transactions may not be completed or that the ultimate terms of the Proposed Transactions may differ from the statements contemplated herein, that the Escrow Release Conditions may not be met and that the requisite regulatory and stock exchange approvals and clearances will not be obtained. The terms and conditions of the Proposed Transactions may change based on, among other things, the receipt of tax, corporate and securities law advice. A number of factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward- looking statements. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this news release. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by law, SLANG does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking statement, nor does it intend, or assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances. SOURCE SLANG WORLDWIDE For further information: Ramon Gamble, Director of Corporate Development, ramon@slangworldwide.co; Jackson Tilley, Director of Public Relations and Community Affairs, jackson@organabrands.com
SLANG WORLDWIDE Closes Oversubscribed $16.7 Million Private Placement Offering

SLANG WORLDWIDE Closes Oversubscribed $16.7 Million Private Placement Offering

TORONTO, March 6, 2018 /CNW/ - Fire Cannabis Inc. (doing business as SLANG WORLDWIDE) (the "Company" or "SLANG") is pleased to announce that it has closed its private placement offering of special warrants (the "Special Warrants") led by Canaccord Genuity Corp. and Clarus Securities Inc. (the "Agents") with PowerOne Capital Markets Limited and XIB Asset Management Inc. acting as members of the Selling Group. The Company issued an aggregate of 22,393,366 Special Warrants at $0.75 per Special Warrant for aggregate gross proceeds of $16.7 million (the "Offering"). "The close of this financing builds upon SLANG's momentum and supports our aggressive growth plan" says Peter Miller, SLANG's co-founder, Chairman and President. "We've laid the first planks of our international distribution platform for the industry's best brands, in collaboration with our industry-leading partners." SLANG launched in 2017 with the mission of pairing world class consumer brands with top notch distribution networks. "Partnering with the biggest cannabis companies in the world and closing this financing has given us a solid foundation to build upon" adds SLANG's co-founder and Director Billy Levy. "We've developed a robust pipeline of strategic opportunities that we are moving forward with to further accelerate the expansion of our global platform" The Company intends to use the net proceeds from the Offering to fund its long-term strategy of making targeted brand acquisitions and further developing its brands, distribution, and supply chain opportunities. About SLANG SLANG is a Toronto-based company consolidating brands along the regulated supply chain in the global cannabis industry, building a world class portfolio of assets. 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. For more information visit www.slangworldwide.co FORWARD-LOOKING INFORMATION This news release includes forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking, including statements with respect to the use of proceeds of the Offering and the Company's future business opportunities and prospects. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made and involve significant known and unknown risks, uncertainties and assumptions. A number of factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward- looking. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this news release.  Except as required by law, SLANG does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking statement, nor does it intend, or assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances. SOURCE SLANG WORLDWIDE For further information: Ramon Gamble, Director of Business Development, ramon@slangworldwide.co
SLANG WORLDWIDE Secures Strategic Alignment with Three of the World's Leading Cannabis Companies and Announces $15 Million Brokered Private Placement

SLANG WORLDWIDE Secures Strategic Alignment with Three of the World's Leading Cannabis Companies and Announces $15 Million Brokered Private Placement

TORONTO, Jan. 10, 2018 /CNW/ - Fire Cannabis Inc. (doing business as SLANG WORLDWIDE) (the "Company" or "SLANG") is pleased to announce that it has secured strategic relationships with three of the world's leading Cannabis businesses—Green House Seed Company, Organa Brands and one of the largest cannabis companies in the world. Concurrently, the Company has appointed Canaccord Genuity Corp. to be the lead agent and sole bookrunner, together with Clarus Securities Inc. (collectively, the "Agents"), in connection with a private placement of up to 20,000,000 special warrants (the "Special Warrants") at an issue price of $0.75 per Special Warrant for aggregate gross proceeds of up to $15 million (the "Offering"). PowerOne Capital Markets Ltd. has been appointed as a special advisor to the Company. "We believe that the cannabis industry will face significant pricing pressure in markets around the world as competition intensifies and licensed capacity increases. In this environment, offering products tied to trusted, authentic brands, sold through strong distribution networks, will be the differentiating factor between successful and unsuccessful companies. SLANG is pairing the industry's strongest brands with the industry's best distribution networks," adds Peter Miller, SLANG's Founder, Chairman and President. STRATEGIC ALIGNMENT WITH THREE OF THE WORLD'S LEADING CANNABIS COMPANIES: SLANG has entered into a binding letter of intent for an exclusive licensing arrangement (the "Green House Transaction") with Green House Seed Company's North American affiliate. Under the proposed arrangement, SLANG will have exclusive rights to introduce Green House Seed Co. and Strain Hunters brands and products to the US market. The Green House Transaction is expected to be completed in January 2018. SLANG has entered into a binding letter of intent to form a joint venture with Organa Brands, one of North America's largest cannabis extract and vape pen companies (the "OB Transaction"). Upon being formalized, it is anticipated that the joint venture will acquire and develop established US-based regional cannabis brands. Target brands will be deployed through Organa Brand's national distribution network of 1,200+ dispensaries in 12 states. The proposed joint venture is anticipated to be formalized in January 2018. SLANG has entered into a conditional collaboration and corresponding warrant agreement with one of the largest cannabis companies in the world pursuant to which SLANG may collaborate on certain initiatives in the United States and may receive equity investment, conditional on, among other things, cannabis becoming federally legal in the United States. Until such regulatory change is in effect, the warrant is not exercisable and the collaboration agreement is not in effect. "The SLANG WORLDWIDE team continues to execute on our strategy and is positioned to become a global house of cannabis brands, serving legal cannabis markets around the world. We've leveraged our long-fostered relationships in the cannabis Industry to attract world-class management and board members. These relationships have given SLANG the opportunity to align itself with three of the world's leading cannabis companies: Green House Seed Company, Organa Brands, and one of the largest cannabis companies in the world.," said SLANG Founder and Director Billy Levy. "We are actively engaged with other key international targets and the $15 million private placement will allow us to rapidly accelerate our strategy and capitalize on opportunities in our pipeline." $15M BROKERED PRIVATE PLACEMENT: The Offering is comprised of the issuance of up to 20,000,000 Special Warrants at a price of $0.75 per Special Warrant for aggregate gross proceeds of up to $15,000,000. Each Special Warrant shall automatically be exercised (without payment of any further consideration and subject to customary anti-dilution adjustments) into one unit (a "Unit"), each Unit comprised of one common share (a "Unit Share") and one half (1/2) of one common share purchase warrant of the Company (each whole warrant, a "Warrant") on the date (the "Automatic Exercise Date") that is the earlier of: (i) the date that is three business days following the date on which the Company obtains a receipt from the applicable securities regulatory authorities in Canada (the "Securities Commissions") for a (final) long form prospectus qualifying the distribution of the Units (the "Qualification Prospectus"), and (ii) the date that is 150 days following the Closing Date (as defined herein). Each Warrant will entitle the holder to acquire one common share in the capital of the Company at an exercise price of $1.15 for a period of two years following the date on which the Company completes a go public or liquidity event (the "Liquidity Date").  The Warrants will be subject to an accelerated expiry in the event that the closing price of the common shares of the Company trade above $1.75 for 20 consecutive trading days following the Liquidity Date. If the Automatic Exercise Date has not occurred prior to the date that is 120 days following the Closing Date, each Special Warrant shall entitle the holder upon exercise thereof to receive 1.10 Units (comprised of 1.10 Unit Shares and 0.55 Warrants). If the Automatic Exercise Date has not occurred prior to the date that is 150 days following the Closing Date, each Special Warrant shall entitle the holder upon exercise thereof to receive 1.20 Units (comprised of 1.20 Unit Shares and 0.60 Warrants). The Agents will have the option to arrange for the sale of up to an additional 15% of the Special Warrants sold pursuant to the Offering, exercisable up to 48 hours prior to closing of the Offering. The closing of the Offering is anticipated to occur on or about February 8, 2018 (the "Closing Date"), and is subject to the receipt of all necessary corporate and regulatory approvals. About SLANG SLANG is a Toronto-based company consolidating brands along the regulated supply chain in the global cannabis market—building a world class portfolio of assets. 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. For more information visit  www.slangworldwide.co About Green House Brands Green House Brands is bringing the most awarded and recognized cannabis brand in the world to the North American market. Established in 1985 in Amsterdam, the Green House Brands portfolio includes five leading marijuana businesses — Strain Hunters, Green House Seed Co., Green House Feeding, Green House Coffee shops & King of Cannabis — as seen on VICE & National Geographic. Green House assets have won the company numerous accolades, including over 40 High Times Cannabis Cups and 200+ awards for top genetics, establishing the company's leadership in the global cannabis industry. Green House was a pioneer in the development of the European cannabis coffee shop market, where its Green House Coffee shops in the Netherlands and Strain Hunters Clubs in Spain remain market leaders. As Strain Hunters, the company has been featured in documentary series on HBO and VICE, highlighting its globetrotting journeys to find the rarest landrace strains of cannabis. Green House and Strain Hunters media has over 150M views and has one of the most powerful marketing platforms in the industry. Green House enters the rapidly developing legal North American cannabis markets with all of its enterprises. For more information please visit www.greenhousebrands.com About Organa Brands Organa Brands revolutionized the cannabis industry with the introduction of supercritical CO₂ extracted cannabis oil in 2010 and the introduction of the groundbreaking O.penVAPE device in 2012. Today, the company is home to the world's largest consumer cannabis brands. After developing O.penVAPE, Bakked, and Organa Labs into world-class brands with nationwide distribution, the company acquired The Magic Buzz, and entered into a joint venture to form District Edibles. Organa Brands sells one of its products every 4 seconds around the world, and has delivered over one billion puffs through its flagship O.penVAPE line. A brand incubator and pioneer in the cannabis space, Organa Brands utilizes its 12 production facilities in 12 states and Jamaica to manufacture its extensive catalog of products. Organa Brands sells its cannabis products in over 1,200 retail locations with ancillary hardware sold in thousands of retailers globally – making it the largest cannabis-oil-based consumer products company in the United States. Agripharm – a joint venture between Organa Brands, Canopy Growth Corporation (TSX: WEED), and the world-renowned Green House Seed Company – ushers in a new era of international distribution for the three brand powerhouses. Organa Brands is committed to dominating the global cannabis market through the marriage of science and technology, all for the benefit of the consumer. For more information, please visit www.OrganaBrands.com. FORWARD-LOOKING INFORMATION This news release includes forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking, including statements with respect to the completion and terms of the Offering, the Green House Transaction and the OB Transaction. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made and involve significant known and unknown risks, uncertainties and assumptions. A number of factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward- looking. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this news release.  Except as required by law, SLANG does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking statement, nor does it intend, or assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances. SOURCE SLANG WORLDWIDE For further information: Ramon Gamble, Director of Business Development, ramon@slangworldwide.co