SLANG Worldwide Announces Results of Annual General and Special Shareholders Meeting
press release

SLANG Worldwide Announces Results of Annual General and Special Shareholders Meeting

Toronto, Ontario--(Newsfile Corp. - June 16, 2022) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced the results from its annual general and special meeting of shareholders held on June 16, 2022 (the "Meeting"). The Company put forward the following resolutions to be voted on by shareholders at the Meeting, all of which were approved: (1) the appointment of Baker Tilly LLP, Chartered Professional Accountants, as auditor to hold office until the next annual meeting of shareholders at a remuneration to be fixed by the Board; (2) the adoption of a 15% rolling equity incentive plan which will replace the existing stock option plan and restricted share unit plan; and (3) the election of Drew McManigle, Felicia Snyder, Kevin Albert, Sandra Levy, Ruth Chun, Todd Boudreau and Adam Crocker as directors to hold office until the next annual general meeting of SLANG or until their earlier resignation. The following are brief profiles of each of the directors. Drew McManigle, Chairman of the Board, Interim Chief Executive Officer and Director Drew McManigle is the Founder and Chief Executive Officer of MACCO. He brings both wide-ranging experience, derived from a variety of industries, as well as a solutions-driven leadership style that has led to successful outcomes in numerous complex situations. As interim CEO and Chairman, Mr. McManigle will have oversight over key strategic, operational and financial functions. In addition to existing SLANG management, Mr. McManigle will also have the added support of members of MACCO who will provide senior level operating and financial expertise to enable rapid strategic reviews and business plan implementation. While at MACCO, Drew has held several leadership and fiduciary roles, including interim CEO and CRO. He has also served as an independent director. Prior to MACCO, Mr. McManigle was a principal of his own firm for 22 years. He had previously been employed by a Fortune 500 healthcare services company and had established the Houston office for a California-based advisory firm. Felicia Snyder, Independent Director Felicia Snyder was a Founding Executive at Tokyo Smoke, one of Canada's most recognized cannabis brands and a leading Canadian cannabis retailer. Felicia led the company through its merger with Doja Cannabis and its eventual sale to Canopy Growth. Post-acquisition, Felicia was Vice President at Canopy Growth, managing Canopy's portfolio of premium cannabis brands. Prior to Tokyo Smoke, Felicia worked for several years in South Korea at Samsung Electronics in its Global Strategy Group and Smart TV Services Group where she led a variety of projects related to business strategy, acquisitions, investments, and developing new partnerships, products and services. Kevin Albert, Independent Director Kevin Albert worked in the investment banking division of Merrill Lynch & Co. for 24 years. Now retired, he is currently managing a portfolio of private investments, the majority of which are in the legal cannabis industry. From September 2010 through December 2019, Mr. Albert was a Senior Partner of Pantheon Ventures LLC ("Pantheon") and a member of its six-person Partnership Board. For most of his nine-year tenure there, he was responsible for the firm's global business development, and during this time Pantheon's assets under management increased from approximately US$25 billion to approximately US$50 billion. He currently serves as an independent director on the boards of Harborside Inc., Osiris Ventures, Inc. dba, NorCal Cannabis Company, Octavius Holdings Inc dba, Flow Cannabis Company, and Achari Venture Holding Corp I, a special purpose acquisition company targeting a merger with a non-plant touching cannabis company. Mr. Albert has a BA and an MBA from the University of California, Los Angeles where he continues to be involved as the Chair of the Board of Visitors of the Economics Department. Sandra Levy, Independent Director Sandra Levy is currently the Chief People & Culture Officer at the Canadian Olympic Committee where she oversees all aspects of human resources, health and safety and Diversity, Equity and Inclusion. Sandra is a senior human resources executive with over 25 years' experience in human resources and legal roles. She is a lawyer by training and brings proven management expertise from both national and global organizations including, Magna International Inc., PlyGem Inc. and RioCan Real Estate Investment Trust. Sandra has strong corporate board and volunteer board experience. Currently she sits on the Create TO (City of Toronto) Board of Directors and chairs its Human Resources Committee. She also sits on the board of Trustees of Sir Corp Investment Trust and chairs its Governance Committee. Ruth Chun, Independent Director Ruth Chun is a lawyer focused on advising regulated businesses in the cannabis, psychedelics, CPG and energy industries. Prior to founding Chun Law Professional Corporation, she was the general counsel and corporate secretary for Newstrike Brands Ltd. / Up Cannabis Inc. and senior legal counsel at HEXO Corp. through its acquisition of Newstrike in an all share deal valued at $346 million. Ms. Chun joined Newstrike in February 2017 and was involved in all significant corporate activity including a successful TSXV listing, debt and equity financings (exceeding $140 million), M&A, regulatory matters and government relations. She is regularly called upon as a speaker, industry expert and guest lecturer at various colleges and universities and is on the advisory board of the Osgoode Professional Development Certificate in Cannabis Law and Regulation. Ms. Chun currently serves on several boards and is the chairperson of SAVIS of Halton. She served as the first female executive at a leading insurer in southern Africa as the head of legal and compliance and was a partner at Africa's largest law firm. She received an Hon BA (Trinity College), MA from the University of Toronto and Juris Doctor from Queens University. She is called to the bar in Ontario, New York and Namibia. Todd Boudreau, Independent Director Todd Boudreau is an attorney and the Founding Partner at ACL Capital Partners. Todd Boudreau brings over 20 years of legal and business experience assisting global companies and investment managers on a wide range of matters including venture, growth, and control capital partnerships, business sale and acquisition transactions, strategic partnerships, joint ventures, and US expansion. Mr. Boudreau is highly experienced in assisting family offices, sovereign wealth funds, pensions and endowments with direct and co-mingled investments and fund managers with direct investment transactions, fund formation, and US partnerships. He represents companies in industries such as technology (including software and fintech), life sciences, health services, medical devices, consumer, and aerospace and defense. Prior to founding ACL Capital Partners, Mr. Boudreau was the Co-Chair of the Private Equity Investments & Buyout Group with Morrison & Forester and the Chair of the Investments & Buyout Group with Foley & Lardner. Mr. Boudreau is also an active member of the legal and business community. He is the current Chair of the American Bar Association's Institutional Investment Committee and has consistently received the highest Martindale-Hubbell AV Ranking of "Preeminent" by his legal industry peers. He serves on various committees of the Institutional Limited Partners Association ("ILPA") and as the founding sponsor for the ILPA's emerging managers conference. Mr. Boudreau is also a board member for the non-profit CareerSpring and serves as an advisor for the non-profit CareQuest Innovation Partners incubator program. Adam Crocker, Independent Director Adam Crocker, CFA is Founder and Chief Investment Officer of Logbook Investments, a value fund with research on core positions enhanced by insights from books. Logbook launched in 2016 and is seeded by his former employer. Prior to Logbook, Adam was a co-manager at Metropolitan Capital Advisors. Before joining Metropolitan, he was an analyst at Morgan Stanley Investment Management conducting research on behalf of growth and value investment teams. He began his career in Leveraged Finance investment banking at JPMorgan. Adam is a graduate of the Value Investing Program at Columbia Business School and has an undergraduate degree in Economics from Columbia University. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. 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, risks related to the COVID-19 global pandemic, 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 annual information form for the year ended December 31 ,2021 and other disclosure documents available on the Company's profile 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources.
SLANG Q1 2022 Earnings Release

SLANG Worldwide Announces First Quarter 2022 Financial Results

Toronto, Ontario--(Newsfile Corp. - May 26, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today released financial results for the three months ended March 31, 2022. All figures in this press release are stated in Canadian dollars unless otherwise noted. Drew McManigle, Interim CEO and Chairman of SLANG, said, "We entered 2022 as a new company, advancing a more streamlined and efficient infrastructure to more effectively operate and expand in today's largest and fastest growing cannabis markets. We are recognizing higher margin sales due to the successful implementation of our transformational growth strategy, eliminating non-performing assets and consolidating our supply chain. I am pleased to report that we have reduced our operating expenses by 32% while increasing our gross margins. I believe we will continue upon this path to recognize stronger financial results going forward and successfully scale our operations in our Core and Emerging markets." "With a strong balance sheet in place and growing demand for our market-leading cannabis products, such as our O.pen vape cartridge, we are well positioned to build upon our leadership position in each of our target markets. In the upcoming quarters, we will continue to focus on new M&A opportunities while organically growing our most popular brands. I look forward to sharing our continued progress and the new level of growth we are set to achieve as the NEW SLANG." First Quarter 2022 Operational Highlights and Growth Drivers: Continued build-out of Vermont operations following the acquisition of High Fidelity, Inc. ("HiFi"), one of Vermont's largest medical cannabis companies, in August 2021, to advance the Company's ability to leverage a vertically integrated infrastructure and adding Vermont as a Core Market to become a first mover for adult use sales in the state, which is expected later this year. Continued wind down and elimination of non-performing assets, including manufacturing operations of all SLANG branded THC products in Oregon and cultivation operations in Colorado, in order to advance its restructured growth strategy focused on cost control, operating efficiencies and an optimized infrastructure. Advanced discussions with prospective Board Members to build upon the already strengthened management team put in place during the Company's rollout of its transformational business plan. Strengthened the SLANG brand portfolio by implementing, rebranding and reformulating the product portfolio initiatives to increase margins in Core Markets and enhance product offerings. SLANG's brands continued to earn market-leading positions in its core markets in Q1 2021, highlighted by O.pen maintaining its #1 ranking in the vape cartridge category In Colorado, according to BDSA. 498,476 SLANG Branded Units were sold across The SLANG Network in the three months ended March 31, 2022. Subsequent Quarterly Operational Highlights: Launched operations in Michigan through an exclusive strategic partnership with a leading high-quality premium cannabis brand and operator in the state in May 2022, beginning with the launch of the Company's best-selling, premium vape produce line, O.pen Daily Strains. Launched operations in Maryland through a strategic partnership with Trulieve Cannabis Corp. ("Trulieve"), a leading and top-performing cannabis company based in the United States, in May 2022. This is the third market that SLANG has entered in partnership with Trulieve. First Quarter 2022 Financial Highlights Revenue from continuing operations for Q1 2022 was $8.37 million, compared to Q1 2021 revenue of $9.09 million. Gross profit of $3.66 million (44% gross margin) in Q1 2022, compared with $3.90 million (43% gross margin) in Q1 2021. EBITDA of ($2.36 million) in Q1 02022, compared with ($4.0 million) in Q1 2021. The improvement in EBITDA is primarily attributable to a reduction in share-based compensation payments offset by a decrease in gross profit and an increase in salaries & wages and consulting and subcontractor expense. The Company reduced operating expenses from continuing operations by $3.57 million, or 32%, in Q1 2022 when compared to Q4 2021, which is a result of the cost cutting and restructuring initiatives implemented over the last two quarters. $16.56 million in cash and restricted cash on March 31, 2022, compared to $20.83 million on December 31, 2021. First Quarter 2022 Consolidated Financial StatementsThe consolidated financial statements were prepared in accordance with IFRS. The following is selected presentation of the Income Statement for the three months ended March 31, 2022. 3 months ended31-Mar-22 3 months ended31-Mar-21 (In thousands except per share data and percentages) CDN$ CDN$ Net Operating Revenue from Continuing Operations $8,374 $9,085 Cost of Goods Sold 4,735 5,193 Gross Profit Before Gain on Fair Value of Biological Assets 3,639 3,892 Realized fair value amounts included in inventory sold (514) - Unrealized gain on fair value of biological assets 530 - Gross Profit 3,655 3,892 Gross Profit Margin 44% 43% Operating expenses 7,486 9,819 Operating Loss (3,831) (5,927) Other items (Impairment, FV adjustment, FX, gains/losses, taxes, etc.) 683 3,148 Total Comprehensive Income / (Loss) (4,514) ($9,075) Earnings Per Share Basic ($0.04) ($0.10) Diluted ($0.04) ($0.10)   3 months ended31-Mar-22 3 months ended31-Mar-21 (In thousands except per share data and percentages) CDN$ CDN$ Total Comprehensive Income (Loss) (4,514) ($9,075) EBITDA (2,359) (3,998) Adjusted EBITDA (1,628) (349)   See the Company's management's discussion and analysis for the three months ended March 31, 2022 (the "Q1 2022 MD&A") for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG's financial statements and the Q1 2022 MD&A are available on SEDAR at www.sedar.com, and on the Company's Investor Relations website at www.slangww.com. Non-IFRS Measures EBITDA, Adjusted EBITDA and Branded Unit volume are non-IFRS financial measures that the Company uses to assess its operating performance. EBITDA is defined as net earnings (loss) before net finance costs, income tax expense (benefit) and depreciation and amortization expense. Management defines Adjusted EBITDA as EBITDA adjusted for other non-cash items such as the impact of unrealized fair values, share based compensation expense, impairments, one-time gains and losses, and one-time revenues and expenses. See the heading "Key Performance Indicators" in the Q1 2022 MD&A for a description of how Branded Unit volume is calculated. This data is furnished to provide additional information and are non-IFRS measures and do not have any standardized meaning prescribed by IFRS. The Company uses these non-IFRS measures to provide shareholders and others with supplemental measures of its operating performance. The Company also believes that securities analysts, investors and other interested parties, frequently use these non-IFRS measures in the evaluation of companies, many of which present similar metrics when reporting their results. As other companies may calculate these non-IFRS measures differently than the Company, these metrics may not be comparable to similarly titled measures reported by other companies. We caution readers that Adjusted EBITDA should not be substituted for determining net loss as an indicator of operating results, or as a substitute for cash flows from operating and investing activities. Conference Call Details Management plans to host an investor conference call today, May 26, 2022 at 10:00am ET to discuss the results. Timing: Thursday, May 26, 2022 at 10:00am ET Dial-in: 1 (888) 440-5938 (US toll-free) or 1 (646) 960-0202 (US toll) or for a list of international toll-free options click here Conference ID: 6291438 Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or at https://events.q4inc.com/attendee/639514787A replay of the webcast will be archived on the Company's website for one year.   About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. 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, risks related to the COVID-19 global pandemic, 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 the Q1 2022 MD&A and other disclosure documents available on the Company's profile 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com
maryland market announcement

SLANG Worldwide Enters Maryland Through Strategic Partnership with Trulieve

Toronto, Ontario--(Newsfile Corp. - May 24, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, announced today that it has launched its best-selling, premium vape product line, O.pen Daily Strains and O.pen 2.0 batteries on May 16th in Maryland through a strategic partnership with Trulieve Cannabis Corp. ("Trulieve"), a leading and top-performing cannabis company in the United States. Drew McManigle, Interim CEO of SLANG, said, "We are strategically entering the Maryland market right before adult-use goes on the ballot in November 2022 and as the state's legal medical market continues to scale. Trulieve has been a key partner of ours in other markets for over 3 years and their leadership position in the cannabis industry has been integral in positioning our leading brands at the forefront of each market we jointly enter. Our timely entry in the Maryland cannabis market will effectively serve to increase our total points of distribution across the east coast, support our Gross Merchandise Value and drive continued brand performance of our leading cannabis brands." As part of the new strategic partnership with Trulieve, SLANG will supply branded products for distribution in the Maryland market and support in-market sales with pop-up presence at retail locations throughout the state, as well as support other marketing efforts and local community activations. SLANG has partnered with Trulieve over the past year to enter the Florida and Massachusetts markets with SLANG providing wholesale initiatives, which is a SLANG core competency. Along with wholesale, this launch will also take place in Trulieve owned retail locations throughout the state. Initial product offerings in Maryland include O.pen Daily Strains, a selection of popular strains designed to offer consistent and repeatable effects with elevated THC potencies. It will be followed by the launch of Cured Resin shortly following, exact date to be determined. "We are excited to expand on our successful partnership with SLANG and build on our strong position in the Maryland medical cannabis market," said Gina Collins, Trulieve's Vice President of Marketing. "As the exclusive source of SLANG's nationally recognized, trusted and beloved brands, Trulieve continues to deliver on our promise to our patients in Maryland that we will provide a wide variety of the highest-quality products available in the market today." Share Issuance SLANG Worldwide also announces it has issued 823,409 common shares, at a deemed price of $0.2235 per share, to an executive officer pursuant to an employment agreement and a former executive officer providing consulting services. The shares are subject to a hold period expiring September 17, 2022. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. 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, risks related to the COVID-19 global pandemic, 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 annual information form dated April 29, 2021 and other disclosure documents available on the Company's profile 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com
Q1 2022 conference call details

SLANG Worldwide Announces First Quarter 2022 Conference Call Details

Toronto, Ontario--(Newsfile Corp. - May 19, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its first quarter 2022 financial results and conference call. The Company expects to release its financial results for the quarter ended March 31, 2022 before markets open on May 26, 2022. Management plans to host an investor conference call that same day at 10:00am ET to discuss the results.  Timing: Thursday, May 26, 2022 at 10:00am ET  Dial-in: 1 (888) 440-5938 (US toll-free) or 1 (646) 960-0202 (US toll) or for a list of international toll-free options click here  Conference ID: 6291438  Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or athttps://events.q4inc.com/attendee/639514787  To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the Subject. About SLANG Worldwide Inc.SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. 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, risks related to the COVID-19 global pandemic, 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 annual information form dated April 29, 2021 and other disclosure documents available on the Company's profile 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com
SLANG Worldwide Enters the Michigan Cannabis Market

SLANG Worldwide Enters the Michigan Cannabis Market

Toronto, Ontario--(Newsfile Corp. - May 18, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, announced today that it has launched its best-selling, premium vape product line, O.pen Daily Strains, in Michigan through an exclusive strategic partnership with a leading high-quality premium cannabis brand and operator in Michigan. The O.pen brand, which is already recognized across America as one of today's best-selling vape brands, was initially launched over the 4/20 week, exclusively in six cannabis retail locations across Michigan. As part of the strategic partnership agreement, the companies will be doing a wholesale launch in several Michigan dispensaries in the coming months. Drew McManigle, Interim CEO and Chairman of SLANG, commented, "Entering the Michigan cannabis market is a key milestone for SLANG as we secured our position in one of the largest and fasted growing cannabis markets in the country. Through the continued success of our strategic partnership model, we are powerfully leveraging our partners' award-winning retail networks which are increasingly driving more and more consumers to their stores due to their impressive selection of today's leading brands. We are excited to join this powerful network of cannabis brands and launch our best-selling product in this high-growth market." 2021 was a record year for marijuana sales in Michigan as total sales hit a record of $1.79 billion1. The state continues to demonstrate more rapid growth than ever as monthly sales have surpassed more established markets, such as Colorado. Michigan dispensaries sold $124.6 million2 of adult-use cannabis in January 2022, representing an 84.8% increase from the $67.4 million sold in January 2021. Marijuana Moment, May 2022, https://www.marijuanamoment.net/michigan-broke-marijuana-sales-record-in-april-state-data-shows/ Cannabis Business Times, March 2022, https://www.cannabisbusinesstimes.com/article/michigan-canna-flower-price-dips-171-dollars-per-ounce/ About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. 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, risks related to the COVID-19 global pandemic, 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 annual information form dated April 27, 2022, and other disclosure documents available on the Company's profile 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com
SLANG Worldwide Announces Fourth Quarter and Full Year 2021 Financial Results
press release

SLANG Worldwide Announces Fourth Quarter and Full Year 2021 Financial Results

Toronto, Ontario--(Newsfile Corp. - April 28, 2022) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today released financial results for the twelve months ended December 31, 2021. All figures in this press release are stated in Canadian dollars unless otherwise noted. Key Financial Highlights: Revenue from continuing operations for FY 2021 was $37.8 million, compared with $25.5 million in FY 2020, representing a 48% increase year-over-year. The primary driver of the sequential year-over-year growth was due to increased revenues associated with the acquisitions of Allied Concessions Group, Inc. ("ACG") and High Fidelity, Inc. ("HiFi") completed on December 31, 2020 and August 11, 2021, respectively. Gross profit of $15.1 million (40% gross margin) in FY 2021, compared with $12.7 million (50% gross margin) in FY 2020, representing a 19% increase year-over-year. Adjusted EBITDA of ($4.97 million) in FY 2021, compared with ($5.47 million) in FY 2020. The increase of the Adjusted EBITDA is primarily attributable the increase in revenue and gross profit associated with the acquisition of HiFi in August 2021.1 $20.83 million restricted and unrestricted cash balance as of December 31, 2021, compared to $6.61 million at December 31, 2020. This includes the Company's recently completed term-loan financing with participation from Trulieve Cannabis Corp. ("Trulieve"), a leading and top-performing cannabis company based in the United States, and two existing significant shareholders of the Company, Pura Vida Investments and Seventh Avenue Investments, for aggregate gross proceeds of $17.3 million U.S. Drew McManigle, Interim CEO and Chairman of SLANG, said, "Our dedicated efforts to streamline our operations and redefine our core and emerging markets strategies have already taken hold as we are recognizing stronger opportunities to drive profitable revenue growth in 2022. We are a different SLANG today than we were at the beginning of 2021, strategically expanding our brand and product portfolio while consolidating our supply chain assets, allowing us to effectively meet consumer demand and achieve stronger unit economics in our core and emerging markets." "Our ability to rapidly eliminate our weaker performing Oregon operations and strategically enter new emerging markets has been integral to our near and long-term growth. In the second half of 2021, SLANG acquired High Fidelity / Ceres, one of Vermont's largest medical cannabis companies, and through our key partnership with Trulieve, we secured our entry into Pennsylvania, West Virginia, Massachusetts and Maryland, providing us with a number of key growth opportunities that we are now advancing upon in 2022. By winding down our Oregon operations, we are recognizing strong cost savings that are already supporting our ability to rapidly and efficiently expand our operational footprint." "Further supporting our operational transition has been the strengthening of our strategic partnership with Trulieve as we entered into a $17.3 million term-loan with Trulieve and our existing shareholders Pura Vida and Seventh Avenue Investments. This financing shows the confidence and commitment our strategic partners have in the new management team as we execute our growth strategy to drive shareholder value while transforming SLANG into a leading player in the cannabis industry," concluded McManigle. Operational Highlights and Growth Drivers: The Company began sales to new Emerging Markets through its partnerships with Trulieve in Pennsylvania, West Virginia, Massachusetts, and Maryland and with Natura Life + Science in California. In August, the Company completed its acquisition of HiFi, one of Vermont's largest medical cannabis companies, adding Vermont as a new Core Market. HiFi is vertically integrated and its operations include a 28,000-square-foot cultivation, production, lab, and retail distribution facility. In October, the Company entered the West Virginia and Pennsylvania markets through a strategic partnership with Trulieve. As previously announced, Trulieve obtained exclusive access to the entire SLANG portfolio of products and products, which are already available in all Trulieve locations in the states of Florida and Massachusetts. The solidified partnership provides SLANG with a range of significant growth opportunities in several markets, and the Company expects its products to be available on the shelves in Pennsylvania and West Virginia by Q2 2022 and Q3 2022, respectively. In November, SLANG completed a term-loan financing (the "Loan Transaction") agreement with its strategic partner Trulieve, two existing significant shareholders of the Company, Seventh Avenue and Pura Vida, and other investors for gross proceeds of $17.3 million USD. The Loan Transaction represents a pivotal moment for the Company strategic growth strategy, as it furthers its efforts to complete the development and integration of the Vermont operations, improve operational efficiencies, drive future revenues, and reduce capital expenditures. Additionally, Drew McManigle was appointed Interim CEO and Chairman of the Board as part of an executive management transition to strategically reposition SLANG for profitable revenue growth. In conjunction with the Loan Transaction, SLANG has made a strategic pivot in its Core Markets and Emerging Markets strategy to pursue geographies that are expected to provide meaningful and profitable lines of revenue. In regard to its Core Markets, the Company has decided to wind down manufacturing operations of all SLANG branded THC products in Oregon, focusing its future efforts to the profitable Core Markets of Colorado and Vermont. As for Emerging Markets, the Company maintains capital light strategic partnerships in 12 markets, allowing SLANG one of the largest U.S. distribution footprints in cannabis. Post quarter-end, the Company announced several changes to its Management Team and Board of Directors. The changes include the enhancement of the Board of Directors through the appointment of Kevin K. Albert, a seasoned professional with significant knowledge and expertise in the cannabis industry, a deep and fundamental understanding of finance and management, and a successful track record in M&A, as an Independent Member of the Board. Mr. Albert's appointment succeeded Matt Fraser's resignation from the Board. As a result of the steps taken to restructure the sales and marketing departments, SLANG announced the elimination of the position of Chief Revenue Officer. In addition, the Company is in the process of adding a new sales manager for its Colorado operations and recently selected a new COO to manage its emerging position in Vermont and New Jersey. Post quarter-end, SLANG has implemented a consolidation (the "Consolidation") of its outstanding common shares ("Common Shares") and its outstanding restricted voting shares ("Restricted Shares", and together with the Common Shares, the "Shares") on the basis of one new Share for every six outstanding Shares at the time of the Consolidation. The effective date of the Consolidation was February 28, 2022. Fourth Quarter 2021 Highlights Revenue from continuing operations for Q4 2021 was $8.84 million, compared to Q4 2020 revenue of $8.29 million, representing a 7% increase. Gross profit of $4.1 million (46% gross margin) in Q4 2021, compared with $3.03 million (37% gross margin) in Q4 2020, representing a 35% increase. The increase in margin is largely in relation to the acquisition of HiFi in August 2021 bringing higher margin sales. Adjusted EBTIDA of ($2.13 million) in Q4 2021, compared with ($1.05 million) in Q4 2020. The Company remains committed to prudently managing its operating expenses on its mission to further improve the efficiency of operations. The Company believes it will continue to see an improvement in this metric as it recognizes greater high-margin revenue from its operations. As part of the process of evaluating the viable entities in the Company's business, SLANG completed the wind down of all manufacturing THC activities in Oregon. By discontinuing these plant touching sales and listing various Oregon assets for sale, the Company will be recognizing a reduction in operating expenditures of over $2 million annually related to those operations. The Company made progress throughout the quarter in implementing a strategic growth plan to focus on its Core Markets of Vermont and Colorado with special attention to streamlining operations, developing new products and branding and investigating opportunities to reduce manufacturing costs, including manufacturing outsourcing and enhanced logistics. In Q4 2021, 717,126 SLANG Branded Units were sold across The SLANG Network with Colorado generating approximately 51% of SLANG's total Branded Units volume.1 The Company's Core Markets of Colorado and Vermont saw sequential improvements in Q4 2021 when compared to Q4 2020, with Massachusetts and Washington showing increases due to the Company having entered those markets in 2021. SLANG's brands continued to earn market-leading positions in its core markets in Q4 2021. Highlighted by O.pen maintaining its #1 ranking in the vape cartridge category In Colorado, according to BDSA. Full Year 2021 Financial Review The consolidated financial statements were prepared in accordance with IFRS. The following is selected presentation of the Income Statement for the year end December 31, 2021. 3 months ended 31-Dec-21 3 months ended 31-Dec-20 12 months ended 31-Dec-21 12 months ended 31-Dec-20 (In thousands except per share data and percentages) CDN$ CDN$ CDN$ CDN$ Net Operating Revenue from Continuing Operations $8,838 $8,292 $37,777 $25,454 Cost of Goods Sold 5,501 5,260 23,311 12,764 Gross Profit Before Gain on Fair Value of Biological Assets 3,337 3,032 14,466 12,690 Realized fair value amounts included in inventory sold (501) - (886) - Unrealized gain on fair value of biological assets 1,264 - 1,547 - Gross Profit 4,100 3,032 15,127 12,690 Gross Profit Margin 46% 37% 40% 50% Operating expenses 11,053 6,146 40,463 35,298 Operating Loss (6,953) (3,114) (25,336) (22,608) Other items (Impairment, FV adjustment, FX, gains/losses, taxes, etc.) 30,227 31,384 31,274 (8,016) Total Comprehensive Income / (Loss) (37,180) ($34,498) (56,610) ($14,592) Earnings Per Share     Basic ($0.39) ($0.64) ($0.60) ($0.26)     Diluted ($0.39) ($0.64) ($0.60) ($0.26)   3 months ended 31-Dec-21 3 months ended 31-Dec-20 12 months ended 31-Dec-21 12 months ended 31-Dec-20 (In thousands except per share data and percentages) CDN$ CDN$ CDN$ CDN$ Total Comprehensive Income (Loss) ($37,180) ($34,498) ($56,610) ($14,592) EBITDA (4,866) (1,459) (17,487) (16,155) Adjusted EBITDA (2,133) (1,054) (4,965) (5,472)   See the Company's management's discussion and analysis for the three and twelve months ended December 31, 2021 (the "Q4 2021 MD&A") for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG's financial statements and the Q4 2021 MD&A are available on SEDAR at www.sedar.com, and on the Company's Investor Relations website at www.slangww.com. The Company reported $20.83 million of combined restricted and unrestricted cash and cash equivalents at December 31, 2021, compared to $6.61 million at December 31, 2020, and $3.5 million at September 30, 2021. Non-IFRS Measures EBITDA, Adjusted EBITDA and Branded Unit volume are non-IFRS financial measures that the Company uses to assess its operating performance. EBITDA is defined as net earnings (loss) before net finance costs, income tax expense (benefit) and depreciation and amortization expense. Management defines Adjusted EBITDA as EBITDA adjusted for other non-cash items such as the impact of unrealized fair values, share based compensation expense, impairments, one-time gains and losses, and one-time revenues and expenses. See the heading "Key Performance Indicators" in the Q4 2021 MD&A for a description of how each of Branded Unit volume is calculated. This data is furnished to provide additional information and are non-IFRS measures and do not have any standardized meaning prescribed by IFRS. The Company uses these non-IFRS measures to provide shareholders and others with supplemental measures of its operating performance. The Company also believes that securities analysts, investors and other interested parties, frequently use these non-IFRS measures in the evaluation of companies, many of which present similar metrics when reporting their results. As other companies may calculate these non-IFRS measures differently than the Company, these metrics may not be comparable to similarly titled measures reported by other companies. We caution readers that Adjusted EBITDA should not be substituted for determining net loss as an indicator of operating results, or as a substitute for cash flows from operating and investing activities. Conference Call Details Management plans to host an investor conference call today, April 28, 2022, at 11:00 am ET to discuss the results. Timing: Thursday, April 28, 2022 at 11:00 am ET Dial-in: 1 (888) 440-5983 (US toll-free) or 1 (646) 960-0202 (US toll) or for a list of international toll-free options click here Conference ID: 6291438 Webcast: A webcast can be accessed from the Investors section of Company's website at www.slangww.com or at https://events.q4inc.com/attendee/946595775A replay of the webcast will be archived on the Company's website for one year.   About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. 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, risks related to the COVID-19 global pandemic, 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 the Q4 2021 MD&A and other disclosure documents available on the Company's profile 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources.
SLANG Worldwide Announces Fourth Quarter and Fiscal Year 2021 Conference Call Details

SLANG Worldwide Announces Fourth Quarter and Fiscal Year 2021 Conference Call Details

Toronto, Ontario--(Newsfile Corp. - April 21, 2022) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its fourth quarter and fiscal year 2021 financial results and conference call. The Company expects to release its financial results for the quarter ended December 31, 2021 before markets open on April 28, 2022. Management plans to host an investor conference call that same day at 11:00am ET to discuss the results. Conference Call Details Timing: Thursday, April 28, 2022 at 11:00 am ET Dial-in: 1 (888) 440-5983 (US toll-free) or 1 (646) 960-0202 (US toll) or for a list of international toll-free options click here Conference ID: 6291438 Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or at https://events.q4inc.com/attendee/946595775. A replay of the webcast will be archived on the Company's website for one year.   To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. 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, risks related to the COVID-19 global pandemic, 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 annual information form dated April 29, 2021 and other disclosure documents available on the Company's profile 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.
SLANG Worldwide Closes Previously Announced Acquisition of NS Holdings Inc.
press release

SLANG Worldwide Closes Previously Announced Acquisition of NS Holdings Inc.

Toronto, Ontario--(Newsfile Corp. - April 12, 2022) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods ("CPG") company with a diversified portfolio of popular brands, announced today that it has closed its previously announced acquisition of NS Holdings Inc. ("NSH"), a manufacturing business based in Oregon (the "NSH Acquisition"). The closing of the previously announced NSH Acquisition won't affect the Company's decision to wind down manufacturing operations in the unprofitable Oregon market. This acquisition follows SLANG's newly implemented transformational growth strategy focused on tapering its Core Markets to Vermont and Colorado, supporting the Company's goal of reducing non-profitable operations and achieving greater operating efficiencies. NSH is the parent company of GNT Oregon, LLC ("GNT"). GNT operates a licensed CO2 extraction and manufacturing facility in Portland, Oregon. The Company issued a non-material amount of common shares as consideration for the NSH Acquisition. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. 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, risks related to the COVID-19 global pandemic, 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 annual information form dated April 29, 2021 and other disclosure documents available on the Company's profile 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.
SLANG Worldwide Appoints Mr. Kevin K. Albert as Independent Member of the Board
press release

SLANG Worldwide Appoints Mr. Kevin K. Albert as Independent Member of the Board

Toronto, Ontario--(Newsfile Corp. - April 4, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods ("CPG") company with a diversified portfolio of popular brands, today announced the appointment of Mr. Kevin K. Albert as an Independent Member of its Board of Directors. SLANG's Board of Directors is now comprised of 6 directors, 3 of whom are independent. Mr. Drew McManigle, Interim CEO and Chairman of SLANG, said, "I am very excited to have an experienced business professional like Kevin join our Board, a seasoned professional with significant knowledge and expertise in the cannabis industry, a deep and fundamental understanding of finance and management, and a successful track record in M&A. We deeply appreciate Kevin's willingness to serve as a Director. We believe Kevin will bring significant business insight while providing skilled and experienced board level expertise to the task of building value for our shareholders and effectively managing and growing SLANG, as it positions itself from its turnaround stage into its growth stage." Mr. Albert worked in the investment banking division of Merrill Lynch & Co. for 24 years. Now retired, he is currently managing a portfolio of private investments, the majority of which are in the legal cannabis industry. From September 2010 through December 2019, Mr. Albert was a Senior Partner of Pantheon Ventures LLC ("Pantheon") and a member of its six-person Partnership Board. For most of his nine-year tenure there, he was responsible for the firm's global business development, and during this time Pantheon's assets under management increased from approximately US$25 billion to approximately US$50 billion. From 2006 until 2017, he also served as an independent director on the board of Merrill Lynch Ventures, LLC, a series of private equity partnerships offered to Merrill Lynch employees aggregating over US$1.8 billion of original committed capital. He currently serves as an independent director on the boards of Harborside Inc, Osiris Ventures, Inc. dba, NorCal Cannabis Company, Octavius Holdings Inc dba, Flow Cannabis Company, and Achari Venture Holding Corp I, a special purpose acquisition company targeting a merger with a non-plant touching cannabis company. Mr. Albert has a BA and an MBA from the University of California, Los Angeles where he continues to be involved as the Chair of the Board of Visitors of the Economics Department. Mr. Albert noted, "I am excited to be joining SLANG at this time as I believe the Company has tremendous potential and is well positioned to expand its footprint and capture additional market share in its core markets. I look forward to working with the other members of the Board and the management team as we help drive growth at SLANG." To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. 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, risks related to the COVID-19 global pandemic, 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 annual information form dated April 29, 2021 and other disclosure documents available on the Company's profile 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. Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Media and Investor inquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil Carlson SLANG@kcsa.com