SLANG Announces Acceleration of Warrant Expiry Date

SLANG Announces Acceleration of Warrant Expiry Date

TORONTO, May 24, 2019 /CNW/ - SLANG Worldwide Inc. (the "Company") (CSE:SLNG), announced today that it has elected to exercise its right under the warrant indenture (the "Warrant Indenture") governing the common share purchase warrants of the Company issued on July 23, 2018 (the "Warrants") to accelerate the expiry date of the Warrants. Pursuant to the terms of the Warrant Indenture, the Company may accelerate the expiry date of the Warrants if, at any time prior to July 21, 2020, the closing trading price of the common shares of the Company (the "Common Shares") on the Canadian Securities Exchange (the "CSE") exceeds $1.75 for a period of at least 20 consecutive trading days. As of the close of markets on May 23, 2019, the closing trading price of the Common Shares on the CSE exceeded $1.75 per Common Share for more than 20 consecutive trading days. Accordingly, the expiry date for the Warrants is accelerated to June 28, 2019. From and after 5:00 p.m. (Toronto time) on June 28, 2019, no Warrants may be exercised and all unexercised Warrants will be void and of no effect. Warrant holders who wish to exercise their Warrants should ensure that they allow sufficient time for delivery of their Warrants and the related exercise price funds to the warrant agent for the Warrants, including consulting with and instructing their investment advisors where they hold their Warrants through an investment advisor. As of May 23, 2019, a total of 9,101,927 of the 13,436,005 originally issued Warrants had yet to be exercised. Each Warrant is exercisable to acquire one Common Share at an exercise price of $1.15. Consequently, if all Warrants are exercised, proceeds to the Company will total $10,467,216.05. 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 11 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. The CSE 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: Kelly Ehler, Chief Financial Officer, Investors@SLANGworldwide.co / 833.752.6499 Related Links www.slangworldwide.co
SLANG Worldwide Debuts Firefly 2+

SLANG Worldwide Debuts Firefly 2+

TORONTO, May 23, 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 11 US states, is pleased to launch its latest vaporizer product, the Firefly 2+. Responding to demand for its sold-out predecessor, Firefly 2+ enhances the flagship product's purpose-built dry herb and extracts technology and premium experience while broadening accessibility with a lower price.   The dynamic convection heating technology of the Firefly 2+ is activated in only three seconds and creates an absorbable on-demand vapor, offering the plant at its freshest and highest fidelity. (CNW Group/SLANG WORLDWIDE) Firefly 2+ will be available for purchase online and in retail stores around the world starting May 28. (CNW Group/SLANG WORLDWIDE) The critically acclaimed Firefly products leverage the most advanced portable technology available to enjoy the benefits of dry herb and extracts without smoking. The hardware's dynamic convection heating technology, activated in only three seconds, creates an absorbable on-demand vapor, offering the plant at its freshest and highest fidelity. The free mobile app customizes the heating technology across the widest available temperature range (200-500°F) for dry herb and extracts. Vapor purity is supported by the hardware design: Firefly's award-winning designers crafted the hardware from the same high-grade alloys used on NASA spaceships. The release of the new Firefly 2+ reinforces SLANG's leadership in vaporization products across all price points, from ultra premium to entry level, value price segmentations. Firefly was acquired by SLANG in 2019 and has been inventing the most advanced purpose-built technology for cannabis since 2011. SLANG Co-Founder and CEO Peter Miller said, "As a leader in premium portable vaporizers, Firefly stands out for its technical innovation and unparalleled design. SLANG is thrilled to help more customers around the world discover the Firefly 2+ and enjoy new Firefly products to come." Firefly co-founder and Chief Technology Officer MJ Williams said, "The Firefly team invents simple elegant vaporizers for truly great cannabis experiences, and our newest Firefly 2+ will help connoisseurs and new consumers alike do just that." Firefly 2+ will be available for purchase online and in retail stores around the world starting May 28. The product retails for US$249. 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 11 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 For further information: Media inquiries: Media@SLANGworldwide.co; Investor inquiries: Kelly Ehler, Chief Financial Officer, Investors@SLANGworldwide.co / 833.752.6499
SLANG Worldwide to Acquire Award-Winning Cannabis Brands and Additional US Distribution in Strategic Acquisition of LBA Global Corporation

SLANG Worldwide to Acquire Award-Winning Cannabis Brands and Additional US Distribution in Strategic Acquisition of LBA Global Corporation

Acquisition Expands SLANG's Industry Leading Brand Portfolio and Manufacturing and Distribution Capabilities in Oregon and California, Further Enhances the Strength of SLANG's Management Team TORONTO, May 14, 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 distributed across 2,600 stores in 11 US states, is pleased to announced that it has entered into an agreement to acquire LBA Global Corporation ("LBA") and its Lunchbox Alchemy ("Lunchbox") brand portfolio and subsidiary Hydra Distribution ("Hydra"). The proposed transaction (the "Transaction") will bolster SLANG's position in the Pacific Northwest by adding a complementary portfolio of top-selling products in Oregon and California and robust supply chain and distribution capabilities.   Lunchbox Alchemy's Squib Gummie Candy (CNW Group/SLANG WORLDWIDE) Highlights Include: LBA owns the award-winning Lunchbox Alchemy edible brand which includes an extensive portfolio of leading products. The product line ranks as the 2nd best-selling ingestible brand in Oregon since 2014 (BDS Analytics) with extensive penetration in the California market. Lunchbox Alchemy's CBD products are sold in 40 states across the US, accelerating SLANG's Health & Wellness business. Hydra actively distributes to more than 400 dispensaries in Oregon, approximately 67% dispensary penetration, and has one of the largest distribution footprints in the state, widening the distribution of SLANG's existing portfolio in this market. LBA's leadership team is comprised of successful cannabis industry professionals with a depth of expertise managing high-growth CPG companies, enhancing SLANG's current management team. Synergies and new opportunities created through leveraging respective brands and distribution across the US. Founded in 2014, LBA is the owner of the award-winning Lunchbox Alchemy portfolio of cannabis brands, which has been recognized for its innovations in cannabis-infused edibles and concentrate production. Today, LBA owns and manufactures a variety of ingestibles products (gummies, hard candies, and pastries) that collectively rank as the 2nd best-selling ingestible brand in Oregon since 2014, per BDS Analytics. Lunchbox Alchemy also owns a CBD-infused product line that is currently available in retail stores in 40 states across the US. SLANG Co-Founder and CEO Peter Miller said, "Lunchbox Alchemy's products have proven themselves in some of the most competitive markets in the US. Their success is based on knowing what consumers want and delivering consistent product quality, diverse portion sizes, formulations and high-quality organic and vegan ingredients. LBA's impressive management team, with their diverse CPG expertise, and the company's extraction, manufacturing facilities and distribution business will bring significant new opportunities for SLANG's branded products in Oregon and California, further establishing SLANG's position as a leading global cannabis CPG company." Hydra is one of the largest cannabis distributors in Oregon and distributes Lunchbox Alchemy products along with 8 other third-party brands to more than 400 dispensaries across Oregon, representing approximately 67% dispensary penetration in the state. Leveraging this infrastructure, experience and industry relationships will enhance SLANG's position as a leader in branded product sales in the Oregon market, which generated approximately $700 million in retail sales in the past 12 months (BDS Analytics).  Lunchbox Alchemy's CBD products, which are available in over 380 retail outlets across 40 US states, will also accelerate the development and distribution of SLANG's Health & Wellness portfolio. LBA CEO Eric Plantenberg said, "LBA Global is honored to join the SLANG family of brands at this exciting time in the evolution of the cannabis industry. Slang's visionary leaders are highly skilled at curating a network of exceptional brands and deploying strategic initiatives that will create exponential and sustainable growth.  We believe our partnership will add long-term value to their portfolio, elevating the standards by which cannabis is extracted, edibles are manufactured, and consumer goods are distributed." Completion of the Transaction is subject to, among other things, the negotiation and execution of a mutually agreeable definitive acquisition agreement and related documents and the satisfaction or waiver of any conditions precedent to the consummation of the Transaction (including the receipt of any requisite regulatory and third-party approvals). 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 11 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. About LBA Global Corporation Since opening its doors in 2014, LBA Global Corporation through the Lunchbox Alchemy brand has developed edible cannabis products that uphold the integrity of a consistent, efficacious and quality cannabis experience. Lunchbox Alchemy has proudly received multiple cannabis industry awards recognizing achievements for its exceptional products, as well as unique and identifiable brand presence. The Company's cannabis products can be found in licensed dispensaries throughout Oregon and California, and their hemp-derived CBD products are available in many markets throughout the U.S.  Hydra, the Company's distribution division, is a leading wholesale distributor of both Lunchbox Alchemy and other cannabis products throughout Oregon. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.  Forward-looking statement in this news release include, but are not limited to, statements regarding the Transaction (including the terms thereof, the entering into of definitive documentation and closing conditions), the personnel managing LBA post-closing of the Transaction, the receipt of regulatory approvals, the distribution and sale of SLANG and LBA products, and the size and growth of the 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 For further information: Media inquiries: Media@SLANGworldwide.co; Investor inquiries: Kelly Ehler, Chief Financial Officer, Investors@SLANGworldwide.co / 833.752.6499
CNBC FAST MONEY'S TIM SEYMOUR AND SLANG DISCUSS BRANDS

CNBC FAST MONEY'S TIM SEYMOUR AND SLANG DISCUSS BRANDS

SLANG Worldwide Launches CBD-focused Health and Wellness Division and Enters Partnership with Greenlane for North American Distribution

SLANG Worldwide Launches CBD-focused Health and Wellness Division and Enters Partnership with Greenlane for North American Distribution

TORONTO, May 2, 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 11 US states, is pleased to announce the establishment of its new wellness-focused business division, SLANG Health and Wellness. The new business unit will develop and market a portfolio of plant-based cannabidiol ("CBD") products that will be distributed in partnership with Greenlane Holdings, Inc. (NASDAQ: GNLN) ("Greenlane") through their extensive distribution network. "Consumers are increasingly interested in natural plant-based wellness products, and we've only scratched the surface of the opportunity within cannabinoid-supported wellness," said SLANG CEO Peter Miller. "Health and Wellness represents a new market segment for SLANG and is a natural extension for our portfolio of top selling products across the US and internationally. We expect early sales to be supported by the brand awareness and customer loyalty that we've developed within our existing portfolio over many years of innovation and consumer focus." SLANG Health and Wellness products will target a rapidly expanding and promising consumer market that is expected to grow from US$591 million in 2018 to US$22 billion by 2022, according to The Brightfield Group. The Company will initially focus on extending SLANG's existing industry leading portfolio of THC-dominant products into the CBD space and will immediately launch sales of the Company's best-selling O.penVAPE Reserve brand, to be sold as a half gram hemp-based CBD cartridge. Reserve CBD products will be distributed in partnership with Greenlane, a leading global distributor of ancillary and hardware products to smoke shops and dispensary channels. Greenlane currently delivers products into over 9,600 brick and mortar retail locations around the world and has a significant e-commerce presence. Greenlane already distributes SLANG's Firefly vaporizer line and the O.penVAPE battery, and the addition of SLANG's new CBD products marks the expansion of the two companies' strategic partnership. SLANG plans to release additional products and brands throughout 2019 under the SLANG Health and Wellness banner. The Company may also evaluate selective acquisition opportunities to accelerate its growth in the health and wellness space. 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 11 US states. The Company is focused on developing and marketing branded cannabis products 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 Greenlane Holdings, Inc.Greenlane is a leading distributor of premium vaporization products and consumption accessories in the United States and has a growing presence in Canada. Greenlane's customers include over 6,600 independent smoke shops and regional retail chain stores, which collectively operate approximately 9,700 retail locations, and hundreds of licensed cannabis cultivators, processors and dispensaries. Greenlane also owns and operates two of the most visited North American direct-to-consumer e-commerce websites in the vaporization products and consumption accessories industry, VaporNation.com and VapeWorld.com, which offer convenient, flexible shopping solutions directly to consumers. Greenlane is developing a unique e-commerce platform, Vapor.com, into which its existing e-commerce websites will be consolidated. Through Greenlane's expansive North American distribution network and e-commerce presence, Greenlane offers a comprehensive selection of premium vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. Following the passage of The Agriculture Improvement Act of 2018 in February 2019, Greenlane commenced distribution of premium products containing hemp-derived cannabidiol in those states in which the distribution and sale of such products are authorized by, and can be effected in compliance with, applicable state laws and 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 statement in this news release include, but are not limited to, statements regarding the establishment of SLANG Health and Wellness, the development and distribution of CBD products, the growth of the CBD consumer market, the release of additional products and the evaluation of selective acquisition opportunities. 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: Kelly Ehler, Chief Financial Officer, Investors@SLANGworldwide.co / 833.752.6499
SLANG Worldwide to Acquire Arbor Pacific, Adding Category-Leading Products and Expanding into State of Washington

SLANG Worldwide to Acquire Arbor Pacific, Adding Category-Leading Products and Expanding into State of Washington

Arbor Pacific's portfolio of branded consumer products spans the Vaporizer, Flower, and CBD categories Avitas and Hellavated brands include three of the top ten best-selling vape products in Washington SLANG to distribute new brands across its existing distribution network while adding Washington as the 12th U.S. state in its footprint TORONTO, April 16, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a global cannabis consumer packaged goods ("CPG") company, announced it has entered into an agreement to acquire Arbor Pacific, Inc. ("Arbor"). Upon completion, the proposed transaction (the "Transaction") will further bolster SLANG's brand portfolio through the acquisition of both the Avitas and Hellavated brands, as well as expand SLANG's distribution footprint into the Washington market. Founded in 2012, Arbor Pacific, Inc. is a leading producer of branded cannabis products. Arbor's product portfolio includes a mix of branded offerings that span the Vaporizer, Flower, and CBD product categories. Its Avitas and Hellavated brands are among the highest selling cannabis brands in the Pacific Northwest, with multiple products regularly listed among the top 10 best-selling vape SKUs in Washington state, according to Headset. These high-performing brands will complement SLANG's existing portfolio which includes a variety of category-leading products sold in multiple other U.S. states. Arbor products are currently available in more than 200 dispensaries in its home state of Washington, which is estimated to be the third largest cannabis market in the U.S. with US$1.4 billion of total sales in 2019 (source: Cormark Securities). Arbor products are also distributed in Oregon, Colorado and Alaska, and it expects to enter the Canadian market by the fall of 2019 through a previously announced licensing agreement with 48North Cannabis Corp. SLANG intends to use Arbor's supply chain platform to further expand the distribution of the Company's brand portfolio into Washington and other key distribution channels in existing markets. With the addition of Washington, SLANG products would be distributed in 12 U.S. states. SLANG will also pursue opportunities to sell Arbor products throughout is existing distribution network. "We're incredibly excited to welcome the Arbor Pacific team to the SLANG family. Our team has been thoroughly impressed by Arbor's ability to develop brands that uniquely appeal to consumers in the Pacific Northwest, as well as establish a scalable network of manufacturing and distribution assets across the region," said SLANG co-founder and CEO Peter Miller. "SLANG's growth strategy includes adding leading brands to our portfolio and expanding our distribution network; joining forces with Arbor achieves both goals." Post-transaction, Arbor will continue to be led by co-founder and CEO Adam Smith, who, prior to founding Arbor, served as Vice President of Global Digital Business Operations at Disney's ESPN. Arbor Pacific CEO Adam Smith said: "SLANG has a solid strategic vision, a brand-first consumer product strategy, and a strong, experienced executive team to turn that vision into reality. By assembling a portfolio of the best brands in the world and a low capital cost expansion model, SLANG reaches customers worldwide with the most accessible and consistently high-quality products. We are excited to join the SLANG team and for the Avitas and Hellavated brands to be added to the amazing product portfolio SLANG has assembled." Completion of the Transaction is subject to, among other things, the negotiation and execution of a mutually agreeable definitive acquisition agreement and related documents and the satisfaction or waiver of any conditions precedent to the consummation of the Transaction (including the receipt of any requisite regulatory and third-party approvals). 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. About Arbor Pacific Arbor Pacific develops and licenses cannabis brands, intellectual property and physical assets to cannabis operators in the United States and Canada. Currently Arbor Pacific brands are manufactured in Washington, Oregon and Colorado. Arbor Pacific's suite of branded products include the best selling vaporizer product lines under the Avitas and Hellavated brand names as well as premium cultivated flower and other manufactured products. Arbor Pacific also manufactures and distributes the Avitas Botanical and Avitas Wellness CBD product lines which are currently available direct to consumers via https://shopavitas.com/ and in select retail stores nationwide. For more information, please visit www.avitasgrown.com/. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.  Forward-looking statement in this news release include, but are not limited to, statements regarding the Transaction (including the terms thereof, the entering into of definitive documentation and closing conditions), the receipt of regulatory approvals, the distribution and sale of SLANG and Arbor products and the size and growth of the Washington 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 For further information: Media inquiries: Media@SLANGworldwide.co; Investor inquiries: Kelly Ehler, Chief Financial Officer, Investors@SLANGworldwide.co / 833.752.6499
SLANG Worldwide Announces Fiscal 2018 Financial Results

SLANG Worldwide Announces Fiscal 2018 Financial Results

Results cover period prior to completion of IPO and acquisitions of Organa Brands and Firefly TORONTO, April 12, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), a global cannabis consumer packaged goods ("CPG") company, today announced that it has filed its financial results for the fiscal year ended December 31, 2018.  The consolidated financial statements were prepared in accordance with International Financial Reporting Standards ("IFRS").  All figures are stated in Canadian dollars unless otherwise noted. SLANG Worldwide CEO Peter Miller said, "SLANG Worldwide's mission is to build a portfolio of leading cannabis consumer products and an extensive distribution network to sell our products. In 2018, we laid the foundational building blocks with SLANG's acquisitions of Organa Brands and Firefly, which were completed in January 2019. Today we are a different company: SLANG is in a position of strength with a diverse portfolio of high performing cannabis brands distributed in over 2,600 stores across 11 US states, Puerto Rico, Canada and Jamaica. We plan to leverage our brand, distribution and partnership strengths and expect rapid growth and scale in the months to come." Fiscal 2018 Results As at December 31, 2018, SLANG had not yet completed the acquisitions of National Concessions Group ("NCG" or "Organa Brands") and NWT Holdings, LLC (also known as "Firefly"). Accordingly, the Company's fiscal 2018 financial results do not include any results of the operations of Organa Brands or Firefly, and are more reflective of acquisition and financing costs associated with corporate development activities. The Company reported revenue of $5.2 million in 2018, consisting primarily of rental income.  Operating expenses in 2018 were $19.8 million, relating primarily to valuation adjustments, professional and non-cash marketing costs in the startup phase of the Company's business. In addition, the Company incurred a $7.7 million impairment charge and $5.9 million of financing and fair value adjustment charges, in accordance with IFRS accounting standards. Net loss in 2018 was $28.0 million, of which $23.8 million was related to non-cash marketing, goodwill adjustments, share compensation and derivative adjustments. The Company's reported financial results for the first quarter ending March 31, 2019 will include results for Organa Brands and Firefly starting from January 22, 2019, the date the acquisitions were completed. Subsequent Events On January 22, 2019, certain escrow conditions were satisfied and approximately $63 million of funds were released to the Company in accordance with the terms of a subscription receipt offering that had closed on September 26, 2018, and 43,998,590 subscription receipts of the Company were automatically converted, without any further consideration or action by the holders thereof, into 43,998,590 common shares of the Company ("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 $2.25 for a period of 24 months commencing on January 29, 2019, subject to certain acceleration and adjustment provisions.  The Company used the funds from the offering to complete two acquisitions, with the balance held for working capital purposes. On January 22, 2019, the acquisition of Organa Brands was closed with the payment of USD $20 million in cash and the issuance of an aggregate of 65,000,000 Common Shares and 17,500,000 restricted voting shares ("Restricted Shares"). Upon closing of the Organa Brands acquisition, the Company was granted options to acquire Allied Concessions Group ("ACG") for an aggregate of 33,000,000 Common Shares or Restricted Shares (provided that a maximum of 19,800,000 of such shares may be Restricted Shares) and NS Holdings ("NSH") for 49,500,000 Common Shares or Restricted Shares (provided that a maximum of 29,700,000 of such shares may be Restricted Shares). Both ACG and NSH are components of the Company's supply chain for Organa Brands products. The exercise of the options is subject to the satisfaction or waiver of certain conditions precedent, and at the date of this release the options had not been exercised. On January 22, 2019, the acquisition of Firefly was completed for consideration of USD $8 million in cash and 7,087,464 Common Shares. On January 29, 2019, the Common Shares began trading on the Canadian Securities Exchange under the ticker symbol "SLNG." On February 29, 2019, the Company announced that it has entered into a partnership with Trulieve Cannabis Corp., the largest vertically integrated cannabis production and retail company in Florida, to offer the state's more than 180,000 registered medical marijuana patients access to SLANG's portfolio of leading cannabis brands in Trulieve's dispensaries across the state. Pursuant to the partnership, Trulieve has an exclusive license to distribute SLANG's portfolio of branded cannabis products across its Florida distribution network, which currently includes 26 dispensaries and home delivery available statewide.  Sales in Florida under this agreement are expected to commence in Q2 2019. On March 6, 2019, the Company announced that it has entered into a 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.  SDH will produce the Company's products at its state-of-the-art GMP facility, and distribute them broadly to medical cannabis dispensaries throughout Puerto Rico. The Company will receive royalty payments for each SLANG branded product sold in Puerto Rico, with sales expected to begin in Q2 2019. On March 11, 2019, the Company announced the launch of the RESERVE product line in the California market as an extension of its O.penVAPE brand. Marketed as a curated selection of top strains at market-leading prices, RESERVE will complement the Company's existing product line. On March 25, 2019, the Company announced that the Common Shares are now trading on the Frankfurt Stock Exchange under the trading symbol 84S. The Organa Brands, Firefly, and SLANG teams moved from industry peers and allies, to an organized and consolidated leadership group, establishing efficient management coverage of the 11 states in which SLANG brands are carried. The SLANG team identified the first territories it intends to enter or enhance its presence including through potential partnership and acquisition. Strategic Priorities SLANG will simultaneously develop and acquire the necessary elements to enhance brand presence, leadership, and performance; establishing deep market penetration with the best products, collectively selling the most branded units. The Company focuses on creating brand value by establishing leadership positions in what management believes to be the highest value segments of the supply chain: manufacturing, branding and distribution. By allocating capital to these activities and foregoing investments in expensive infrastructure associated with the cultivation and retail segments, the Company aims to deliver strong returns to its investors. The Company intends to evolve its portfolio of branded products within existing categories and expand into new categories.  Our portfolio is among the most diverse and widely distributed in the cannabis industry, highlighted by the following brands: O.penVAPE, Bakked, Reserve, Craft Reserve, ISH, Magic Buzz, Pressies, District Edibles, Green House Seed Co., Strain Hunters, and Firefly. The Company will continue to pursue strategic partnerships in order to add new brand assets to our portfolio, expedite our entry into new markets and broaden our distribution network. In 2019, we expect to expand our distribution network to enable us to continue to bring new products to market and grow sales of our existing portfolio. Our branded products are currently available in over 2,600 retail locations, 11 states and five continents. We plan to continue to expand the geographic areas where our products can be bought. The Company plans to enter the Canadian market following an anticipated regulatory change that will permit the sale of cannabis-infused products in October 2019.  We are evaluating additional international markets to identify suitable jurisdictions for potential market entry. On April 11, 2019, the Company had 211,993,602 common shares and 17,500,000 restricted voting shares issued and outstanding, as well as 41,255,918 vested Common Share purchase warrants and a total of 8,083,528 stock options. SLANG's 2018 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.slangworldwide.co. 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 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 For further information: Media inquiries: Media@SLANGworldwide.co; Investor inquiries: Kelly Ehler, Chief Financial Officer, Investors@SLANGworldwide.co / 833.752.6499
SLANG Worldwide Comments on Recent Trading Activity at the Request of IIROC

SLANG Worldwide Comments on Recent Trading Activity at the Request of IIROC

TORONTO, April 8, 2019 /CNW/ - At the request of the Investment Industry Regulatory Organization of Canada (IIROC), SLANG Worldwide Inc. (CNSX: SLNG), ("SLANG" or the "Company"), wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. The Company is presently pursuing a number of acquisition transactions, which transactions are at various stages of development. Any such transaction will be fully disclosed if and at such time as it becomes material information regarding the Company. 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 http://www.slangworldwide.co/. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 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. SOURCE SLANG WORLDWIDE For further information: Media inquiries: Media@SLANGworldwide.co; Investor Relations: Peter Miller, CEO, Investors@SLANGworldwide.co, 833.752.6499
SLANG Worldwide Co-Founders Peter Miller and Billy Levy Named Among Most Influential People in Cannabis by High Times 100

SLANG Worldwide Co-Founders Peter Miller and Billy Levy Named Among Most Influential People in Cannabis by High Times 100

Original Article On Business Insider TORONTO, March 28, 2019/CNW/ - SLANG Worldwide Inc. (CNSX: SLNG), (Frankfurt: 84S), ("SLANG" or the "Company"), a leading cannabis consumer packaged goods company, is pleased to announce that co-founders Peter Miller and Billy Levy have been honored as High Times 100 Most Influential People in Cannabis for 2019 for their leadership in the cannabis industry. High Times 100 is recognized as the highest honor for a cannabis executive or entrepreneur. In 2012, SLANG Worldwide co-founders Peter Miller (CEO) and Billy Levy (President) co-founded Mettrum Health Corp, a leading Canadian licensed producer that was acquired by Canopy Growth in 2016. An experienced entrepreneur with a decade of leadership in cannabis and a track record in agriculture, operations, tech, and clean energy, Peter is also the Chairman of the Canadian licensed producer Agripharm. Billy's visionary leadership in consumer tech and marketing has resulted in a number of start-ups including Virgin Gaming (acquired by Cineplex Media 2015) and Virgin Mega (acquired by NIKE June 2016) with Sir Richard Branson. In 2017, Peter and Billy applied their knowledge of the cannabis industry to found the company that became SLANG Worldwide, with the vision to become a global leader in branded cannabis products. SLANG Worldwide has the widest distribution of products in the US. Today, consumers can purchase SLANG's branded products in more than 2,600 retail stores across 11 US states. SLANG's portfolio of brands includes category-leading products such as O.penVAPE, :Pressies, District Edibles, Bakked, Magic Buzz, Firefly vaporizers and the iconic Green House/Strain Hunters. Green House's head of Retail Operations Joa Helms joins Peter and Billy in this year's High Times 100. Peter and Billy said, "On behalf of SLANG Worldwide's amazing teams and best-selling brands and fantastic partners, we are thrilled to be honored by High Times 100. The cannabis industry has been built by passionate mavericks from all walks of life and all over the world whose efforts and results are now becoming more accepted and welcomed, and we are proud to work alongside these people every day. We look forward to continuing to grow SLANG businesses in a responsible and inclusive way for our customers, communities, industry partners and investors. Peter, Billy and Joa were inducted during the second annual High Times 100 gala awards ceremony last night in Los Angeles and will be featured in the next issue of High Times. For more than 44 years, High Times has been the leading cannabis publication and contributed extensive coverage on the industry and its extensive impact on the global economy, retail, law, science, health, entertainment and communities. 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 visitwww.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 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 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.