News

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
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
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.

SLANG Worldwide Expands O.penVAPE Brand Offering, Launches RESERVE in California Market
TORONTO, March 11, 2019 /CNW/ - SLANG Worldwide Inc. (CNSX: SLNG) ("SLANG" or the "Company"), a leading cannabis consumer packaged goods company, is pleased to announce the launch of its RESERVE product line in the California market. RESERVE further extends the O.penVAPE brand and complements SLANG's existing product line. The new product offering was created in direct response to demand in the market for a curated selection of top strains. Innovative formulations and market-leading prices are at the core of RESERVE, adding to an already robust product catalog. This catalog has made O.penVAPE the #2 best-selling cannabis brand in the United States since 2014, as reported by BDS Analytics.
SLANG Worldwide is introducing its RESERVE line of vaporizer cartridges to the California market, extending its top-selling O.penVAPE brand with a curated selection of top strains at competitive prices. (CNW Group/SLANG WORLDWIDE)
As one of the largest cannabis markets in the United States, with recreational sales of $1.2B in 2018 per BDS Analytics, California is among SLANG's top-grossing territories. RESERVE is sold alongside SLANG's other offerings like Bakked, California's #1 best-selling distillate, and District Edibles, California's third best-selling gummy brand, reported by BDS Analytics. Presale orders for RESERVE sold out across the state, supporting SLANG's view that a competitively priced vaporizer cartridge will prove to be an essential piece of the California retail cannabis environment.
With a repeatable experience at the heart of the product's design, California's RESERVE product line uses both botanical and cannabis terpenes to deliver memorable moments to the quality-conscious consumer. Offered in both half-gram and one-gram cartridges, RESERVE is filled with high-quality, high-potency distillate. As with all SLANG products, customers can rest assured that RESERVE meets and exceeds all required regulatory testing standards. With a curated selection of 15 top strains, consumers can enjoy old favorites or become acquainted with new ones.
"As cannabis markets get more sophisticated, so too do cannabis consumer tastes" said Peter Miller, CEO of SLANG. "With the RESERVE line of strain-specific cartridges, these discerning consumer tastes will be served at a great price."
Beginning today, consumers can visit www.openvape.com/find to locate a California retailer carrying RESERVE.
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 in this document include, but are not limited to, statements regarding the launch of and demand for SLANG's products in California and other markets. 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 California 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; Investor Relations: Investors@SLANGworldwide.co

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
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"
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
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
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