News
SLANG Worldwide Partners with Global Cannabis Corp. and Receives Greek Medical Cannabis Cultivation, Processing and Manufacturing License
TORONTO, July 22, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 12 US states, today announced that it is entering the European Union, starting with Greece, through a partnership with Global Cannabis Corp. ("GCC").
GCC's wholly owned subsidiary, GCC Pharma S.A. is one of the first companies to receive a medical cannabis installation license from the government of Greece for cannabis cultivation, processing and manufacturing. SLANG has worked closely with GCC throughout the application process and has been instrumental in assisting GCC with the design and content of its license application. In exchange for the contribution of SLANG's specialized expertise, and continuing support, SLANG has been granted a 20% interest in GCC.
SLANG intends to leverage its relationship with GCC to introduce its brand portfolio to the European Union, with products in market in 2020. The Company expects to collect licensing revenues in Greece similar to its partnerships in the United States.
"The addition of GCC to SLANG's partner network is a major milestone in our global expansion strategy," said Peter Miller, CEO of SLANG. "This partnership can help lead to the awareness of our brands in new and key markets while leveraging the capital-light growth model that Slang has optimized in the United States."
Greece has a population of 10.7 million and an annual health care expenditure of €14.3 billion with a cannabis market expected to reach €1.9 billion by 2028 (Source: Prohibition Partners – The European Cannabis Report, 4th Edition, January 2019). Medical cannabis use was legalized in Greece in June 2017. Shortly thereafter, in March 2018, lawmakers approved a law allowing the farming and processing of medical cannabis in Greece. With its ideal climate and agricultural expertise, Greece also has the opportunity to be a prominent supplier of cannabis and cannabis products throughout the EU where permitted.
"We are extremely pleased to be amongst the first recipients of a cannabis license in Greece, a strategic entry point into the rapidly growing EU region with a population exceeding 740 million people," said Loannis Papadopoulos, CEO of GCC. "SLANG's diverse product portfolio and proven extraction and manufacturing expertise will be key to the timely introduction of our offering to medical cannabis patients."
GCC Pharma's facilities are located just south west of the city of Chalkida, Greece. The property is ideally situated approximately 90 minutes from Athens International Airport, in a pre-permitted agro-industrial zone with excellent existing infrastructure.
The PowerOne Capital Group and other strategic partners have worked closely with GCC since inception.
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.
About Global Cannabis Corp.
Formed by renowned cannabis industry experts and backed by some of the most successful pioneers in the cannabis sector, Global Cannabis Corp. is one of the first companies to be fully licensed for cannabis cultivation, processing and manufacturing in Greece. Leveraging experience and success in almost every jurisdiction with cannabis legislation globally, GCC's sophisticated team is actively pursuing opportunities in markets with evolving cannabis regulations.
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 document include, but are not limited to, statements regarding the anticipated benefits of the relationship between SLANG and Global Cannabis Corp, the introduction and distribution of SLANG branded products in Greece and elsewhere in the European Union, and the anticipated growth of the Greek and European 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 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
SF Weekly: The Brief, Wasteful Life of Vape Cartridges
Firefly CEO Steve Berg leads the charge to make single-use oil pods recyclable.
As vaporizers and oil products become increasingly popular, more and more cartridges have flooded the market. Bay Area dispensaries dedicate entire walls to pods filled with Sour Diesel and Sunset Sherbet. Although oil cartridges may be flying out the door, Firefly’s Steve Berg is working on a way to encourage customers to bring them back.
Read On SF Weekly
SLANG Worldwide and Trulieve Launch RESERVE Brand in Florida
TORONTO, July 8, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG) ("SLANG"), a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 12 US states, announced that its RESERVE line of vaporizer cartridges is now on sale in the State of Florida through Trulieve Cannabis Corp. (CSE: TRUL & OTC: TCNNF) ("Trulieve"), a leading and top-performing cannabis company in the United States.
SLANG Worldwide Inc. (CNW Group/Trulieve Cannabis Corp.)
RESERVE is the first SLANG product to be offered in Florida under its strategic partnership with Trulieve announced in February 2019. Pursuant to SLANG's agreement with Trulieve, Trulieve has an exclusive license to produce and distribute the SLANG portfolio of products in Florida. As Florida's largest fully integrated medical cannabis company, Trulieve is offering RESERVE at all 29 of its licensed dispensaries across the state.
"Our Trulieve relationship is off to a great start. This product launch is an important milestone, and the first of many we look forward to reaching in Florida," said Peter Miller, CEO of SLANG. "We expect RESERVE to be very well received in Florida by medical cannabis patients who are seeking a strain-specific, repeatable experience at an affordable price."
"Expanding patient access to high-quality, natural relief in safe, reliable, and innovative forms is an important factor in deciding who we partner with and what products we offer to patients. Our partnership with SLANG allows us to continue providing patients with an expanded variety of high-quality medication," said Kim Rivers, CEO of Trulieve. "We know patients in Florida will benefit greatly from their award-winning products."
First launched in California earlier this year, the RESERVE product offering was created to fulfill a demand in the market for a curated selection of top strains available at a competitive price. The RESERVE line uses both botanical and cannabis terpenes to deliver memorable moments to the quality-conscious consumer.
Three RESERVE strains are available in Florida, including Jack Herer, Master Kush, and SFV OG. RESERVE is filled with high-quality, high-potency distillate and is available in both half-gram and one-gram O.penVAPE cartridges with accompanying 2.0 batteries.
RESERVE is an extension of the O.penVAPE brand, which has been the #2 best-selling cannabis brand in the United States since 2014, as reported by BDS Analytics. Through its strategic partnership with Trulieve, SLANG also plans to introduce its Bakked, District Edibles, and Magic Buzz product lines to Florida's growing number of medical patients. Availability of products is subject to regulatory approval by the Florida Department of Health's Office of Medical Marijuana Use.
Consumers can visit www.openvape.com/find to locate their nearest Trulieve dispensary carrying RESERVE.
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.
About TrulieveTrulieve is a vertically integrated "seed-to-sale" company and is the first and largest fully licensed medical 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, Massachusetts and Connecticut. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 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 the securities laws of any state of the United States and may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
To learn more about Trulieve, visit www.Trulieve.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 document include, but are not limited to, statements regarding the receipt of anticipated regulatory approvals and ultimate sale of SLANG products in Trulieve dispensaries.
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.
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 will be unable to successfully launch its RESERVE brand in Florida 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 three months ended March 31, 2019 , each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
SOURCE Trulieve Cannabis Corp.
For further information: SLANG Media Inquiries: Media@SLANGworldwide.co; SLANG Investor Inquiries: Kelly Ehler, Chief Financial Officer, Investors@SLANGworldwide.co, 833.752.6499; Trulieve Media Inquiries: Victoria Walker, Director of Marketing & Community Relations, (704) 773-3446, Victoria.Walker@trulieve.com; Trulieve Investor Relations: Lynn Ricci, Director of Investor Relations, (850) 480-7955, IR@trulieve.com
Podcast: Mark Williams - Lord of the (fire)flies
Mark Williams is the designer and engineer extraordinaire behind the Friefly 2+, generally regarded as the Tesla of vaporizers. As you would expect from such a man, he has a “relationship with cannabis” that has been a constant companion from his high school days to his years at Apple working on the initial design of the iPhone. Ever wonder about the atmosphere of a company founded by an acidhead like Steve Jobs? Well, there’s a reason they don’t give drug tests in Silicon Valley.
Listen To Full Podcast
SLANG Worldwide Announces Result of Acceleration of Warrant Expiry, Annual General Meeting and Management Appointment
TORONTO, July 3, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company, is pleased to announce the outcome of the accelerated expiry of its warrants issued on July 23, 2018 and originally expiring on July 21, 2020 (the "Warrants").
Since the announcement of the accelerated expiry of the Warrants on May 24, 2019, 8,841,319 Warrants were exercised prior to the accelerated expiration date of June 28, 2019 and the Company received aggregate proceeds of approximately C$10.2 million in connection therewith. Overall, nearly 13.2 million Warrants were exercised, representing 98% of the total Warrants originally issued. As a result, the Company now has common shares outstanding of 225,557,884. 260,608 warrants expired unexercised.
"We are pleased with the outcome of the early warrant exercise," said Peter Miller, CEO. "The funds brought in from the accelerated warrants could represent 2 years of operating capital. SLANG is well positioned to continue executing on our capital light business model, focusing on development and ownership of the best brands in cannabis."
The Company is pleased to remind shareholders that it will host its Annual and Special Meeting of shareholders at 2:00 p.m. EDT on Monday, July 8, 2019 at the offices of Dentons Canada LLP located at 77 King Street West, Suite 400, Toronto-Dominion Centre, Toronto, Ontario. A management information circular and form of proxy have been filed on SEDAR and mailed to registered shareholders.
All shareholders of record as of May 9, 2019 are invited to attend the Annual and Special Meeting, which will feature a management presentation on the Company's progress and strategy. Those who are unable to attend in person can access an archived webcast on the Investors section of Company's website at www.slangww.com. The webcast will be available on the Company's website for one year.
SLANG also announced today that Kristina McCahon has joined the Company as Director, Investor Relations and Chief of Staff. In this role, she will be a primary point of contact for the investment community and other key stakeholders.
Ms. McCahon has eight years of experience in the financial services industry including positions at BMO Capital Markets, RBC Capital Markets and CIBC Wood Gundy. At those institutions, Ms. McCahon worked primarily on the Corporate Access teams with responsibility for the planning and execution of IPOs and other investor marketing events. She was also actively involved in relationship management, liaising between corporate clients and internal banking, research, sales and trading teams, as well as institutional investors. Ms. McCahon earned a B.A. (Hons) from Wilfrid Laurier University and a post-graduate certificate in marketing management from Humber College.
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 the US. 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
SLANG Worldwide Brings Leading Portfolio of Cannabis Products to Oklahoma
Fourth new U.S. market entry announced in 2019
TORONTO, June 26, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods ("CPG") company with a robust portfolio of renowned brands, has announced a new strategic partnership with licensed processor Elite Cultivation LLC ("Elite") to offer its branded cannabis products to patients throughout the State of Oklahoma.
Pursuant to the partnership, Elite has been granted a license in Oklahoma to produce and distribute the SLANG product suite in Oklahoma, including its category-leading products O.penVAPE, Pressies, District Edibles, Bakked, and Magic Buzz. SLANG will receive royalty payments for each branded product sold in the state.
Oklahoma legalized cannabis for medical use in 2018 and has seen rapid growth in licensing activity. More than 138,000 registered patients and 1,500 licensed dispensaries have been approved by the State as of June 17, 2019. Historical Oklahoma medical cannabis sales topped $23 million in May 2019, based on recent reports from the Oklahoma Tax Commission.
"We are pleased to be able to offer our products to medical cannabis patients in Oklahoma," said SLANG CEO Peter Miller. "We have demonstrated that we can be flexible in structuring our relationships with partners as we enter a new state, depending on the circumstances of the local market. Our expansion continues to be executed in a very capital efficient manner, with the goal of growing our branded unit sales."
SLANG's products will be manufactured by Elite and distributed and sold broadly in medical cannabis dispensaries throughout Oklahoma. Sales are expected to commence in the third quarter of 2019, starting with selected vaporizers, concentrates and edibles, with all SLANG products eventually available for sale.
"We are excited to partner with such a strong organization to bring the best products possible to the Oklahoma market," said Richard Freeman of Elite Cultivation. "With their proven brands and leadership across multiple markets and our relationships in the state of Oklahoma, we feel that we have put together a solid team and a recipe for success."
Oklahoma is the fourth new U.S. market SLANG has announced entry into in 2019. The Company has previously established operations through licensing agreements in Florida and Puerto Rico, and also anticipates entering the State of Washington pending the completion of a proposed acquisition, which would extend the Company's U.S. footprint to 13 states. SLANG's goal is to grow its brand share and demonstrate brand leadership in Oklahoma, as measured by branded unit sales and servings, similar to its performance in several other markets.
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.
About Elite Cultivation
Elite Cultivation, LLC is an Oklahoma limited liability corporation owned by Richard Freeman, his brother Royce Lee Freeman, D7 Holdings, LLC and other close friends and business associates of the Freeman family. Richard Freeman also owns and operates Elite Motorsports, LLC, which operates a world class drag racing program having won back-to-back world championships in NHRA's Pro Stock class in 2014 and 2015. Erik Danielson, the owner of D7 Holdings, LLC, also holds a medical marijuana dispensary license in Arkansas. The Denver-based law firm, Vicente Sederberg LLP and the Arkansas-based Danielson Law Firm, PLLC both advised Elite on the SLANG transaction.
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 document include, but are not limited to, statements regarding the anticipated benefits of the relationship between SLANG and Elite, the introduction and distribution of SLANG branded products in Oklahoma, SLANG's proposed acquisition and entry in Washington and the anticipated growth of the Oklahoma 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 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,
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
SOURCE SLANG WORLDWIDE
SLANG on Reddit | CEO AMA
See The Full Reddit AMA
Forbes: The Firefly 2+ Might Be The Cannabis Vaporizer Of Your Dreams
Slang, the company behind the Firefly vaporizer, now has a new version on the market: the Firefly 2+.
“As a leader in premium portable vaporizers, Firefly stands out for its technical innovation and unparalleled design,” Slang co-founder and CEO Peter Miller said in a prepared statement. “Slang is thrilled to help more customers around the world discover the Firefly 2+ and enjoy new Firefly products to come.”
A follow-up to the company’s original vaporizer, the Firefly 2+ is capable of burning both dry herb and extracts. Its accompanying app allows you to customize your vaping experience by allowing you to adjust the temperature your herb or extract is burned at. Temperature options range from 22-500 degrees Fahrenheit.
Read The Full Article On Forbes