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Embarks on strategic initiative to explore additional opportunities to maximize shareholder value Toronto, Ontario--(Newsfile Corp. - November 21, 2023) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that it has retained PGP Capital Advisors, LLC, ("PGP") to assist in a review of its strategic alternatives. The Board of Directors has formed a committee of independent directors (the "Committee") to assist SLANG's management team and PGP in exploring, reviewing and evaluating strategic alternatives that may be available to the Company to maximize shareholder value. "The Company has been successful in driving organic growth and streamlining operations. With each of our business segments continuing to produce positive net income, EBITDA and cash flow, the Company is in the best financial health that it's ever been," said John Moynan, Chief Executive Officer of SLANG. "Our flexible strategy has allowed us to adapt and succeed in a challenging industry. I believe that this review will provide us with options that could create greater long-term value for SLANG and our shareholders as well as the ability to increase the scale of our business." The Company will evaluate a full range of strategic and financial alternatives, including, but not limited to, one or more of the following: a business combination, sale, divestiture, acquisition or merger that may involve all or part of our business or assets, restructuring, recapitalization, refinancing, or any other strategic transaction that may be identified during our strategic review. The Company is evaluating these opportunities in order to explore synergies which may reduce the overhead costs associated with being publicly traded, provide opportunities to rapidly increase scale and market share, and to expand the overall product offering and footprint of SLANG. Financial and Operational Highlights: Strong Financial Position to Support Growth: The Company announced cash and restricted cash of $11.2 million as of August 15, 2023; Streamlined Operations: The Company posted its strongest adjusted gross margin[1] to date in 2Q 2023 of 54% as a result of its success in streamlining operations; Colorado Leadership: In the first half of 2023, sales of O.pen cartridges experienced significant growth, up by 16% to 415,082 units from 357,924 units, during the same period in the previous year with the brand maintaining its position as the top performing vape cartridge in Colorado; Vermont Leadership: The Company established a first-mover position in Vermont with the opening of the state's first recreational cannabis stores and its expansion into the Vermont wholesale market. The Company continues to lead and operate as one of Vermont's strongest cannabis operators; Legacy Brand Positioning: O.pen has demonstrated more than a decade of success in becoming one of the most recognized and best-selling vape brands in the country, selling over 12 million vape products since its inception in 2012; Strategic Partnership: SLANG brands are distributed across 12 states as a result of partnerships with best-in-class operators such as Trulieve, providing for brand performance and broad distribution. Other than as described in this news release, the Company has not set a timetable to complete the strategic review process and has not made any decisions related to strategic alternatives at this time. The Company cautions that there are no assurances that the evaluation of strategic alternatives will result in the approval or completion of any specific transaction or outcome. The Company does not intend to comment further unless and until the Board of Directors approves a specific transaction, concludes its review of strategic alternatives or determines that further disclosure is appropriate or required. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject line. About SLANG Worldwide SLANG Worldwide Inc. is the industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, Ceres, Firefly, and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at 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. The forward-looking statements contained herein include, but are not limited to, statements in respect of the activities of the Special Committee and possible strategic alternative transactions. 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 the interest of third parties in pursuing a possible strategic alternative transaction with the Company; the terms and conditions of any proposal that may be received; the ability to successfully consummate a potential strategic alternative transaction; the available funds of the Company and the anticipated use of such funds; 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 SEDAR+ at www.sedarplus.ca. 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. Non-IFRS Measures Adjusted gross margin is a non-IFRS financial measure that the Company uses to assess its operating performance. Management defines adjusted gross margin as gross margin before fair value adjustment of biological assets. This data is furnished to provide additional information and is a non-IFRS measure and does not have any standardized meaning prescribed by IFRS. The Company uses this non-IFRS measure to provide shareholders and others with a supplemental measure of its operating performance. The Company also believes that securities analysts, investors and other interested parties, frequently use this non-IFRS measure in the evaluation of companies, many of which present similar metrics when reporting their results. As other companies may calculate this non-IFRS measure differently than the Company, this metric may not be comparable to similarly titled measures reported by other companies. Please refer to the Company's press release dated August 24, 2023 and it's management's discussion and analysis for the three and six months ended June 30, 2023 for a reconciliation of adjusted gross margin to its nearest comparable IFRS measure. Neither the Canadian Securities Exchange nor its Regulation Service Provider has reviewed, or accepts responsibility for the adequacy or accuracy of, the content of this news release. Company ContactMikel Rutherford, CFO833-752-6499 Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com

Strongest adjusted margins1 to date of 54%, demonstrating an increase from adjusted gross margins of 43% in Q2 of 2022 Adjusted gross profit1 of $4.5 million in Q2 2023, compared with $4.3 million in Q2 2022, representing a 6.3% increase year-over-year Continued strong sales growth in Vermont, with revenue increasing by $1.8 million and $3.87 million, for the three month and six-month periods respectively ending June 30, 2023 $11.23 million in cash and restricted cash at August 15, 2023 Toronto, Ontario--(Newsfile Corp. - August 24, 2023) - 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 and six months ended June 30, 2023. All figures in this press release are stated in Canadian dollars unless otherwise noted. "In Q2 2023, SLANG achieved another significant milestone with our strongest adjusted gross margins to date, showcasing our dedication to driving financial results across all areas of the business. We also used the quarter to introduce a compelling range of new high-margin products, which will continue to position us as leaders in a rapidly evolving cannabis market," commented John Moynan, Chief Executive Officer of SLANG. "Our capacity to reduce operating expenses, streamline our vertically integrated operations, and introduce new higher-margin revenue channels in our Core Markets continues to drive our margin expansion and enhance our bottom-line growth. With a strong operational infrastructure in place to advance new growth initiatives, we are strategically focused on constant innovation for our customers in order to deliver today's most demanded cannabis brands to key cannabis markets nationwide." "SLANG maintained strong sales growth in Vermont, increasing revenue by $1.8 million and $3.87 million, for the respective three month and six-month periods ending June 30, 2023. Our wholesale sales in Vermont in Q2 2023 also grew by 380% from Q1, showing strong growth momentum quarter-over-quarter. Despite Colorado's slower growth, we are still outperforming our competitors in the state, with O.pen maintaining its #1 ranking by the BDSA as the top-performing vape cartridge brand in the state throughout Q2. For the first six months of 2023, we increased sales of O.pen cartridges in Colorado by 16% to 415,082 units from the comparable period of 2022 as our portfolio of leading brands has continued to drive solid sales performance." Second Quarter 2023 Operational Highlights and Growth Drivers: Reported continued strong growth in Vermont, with revenue increasing by $1.8 million and $3.87 million, for the three month and six-month periods respectively ending June 30, 2023. SLANG increased wholesale sales in Vermont in Q2 2023 by 380% from the first quarter of 2023, showing strong quarter-over-quarter growth momentum. In Colorado, O.pen maintained its #1 ranking by the BDSA as the top-performing vape cartridge brand in Colorado throughout Q2. For the first six months of 2023, we increased unit sales of O.pen cartridges by 16% from the comparable period of 2022. In June, launched the new 2-gram disposable cartridge in Colorado, exceeding our initial sales goal by 241%, selling over 7,200 new 2-gram disposable cartridges in the first month alone, and producing over $570,000 in sales through August 21, 20232. Post-quarter end, the Company launched its first line of fast-acting cannabis-infused gummies under its Alchemy Naturals all-natural THC gummy brand in Vermont. Second Quarter 2023 Financial Summary: Revenue from continuing operations for the three months ended June 30, 2023, was $8.44 million, compared with $9.87 million in the three months ended June 30, 2022. The year-over-year decline was primarily driven by a reduction of $1.63 million in our Distribution sales and $0.96 million in our Emerging Market sales, partially offset by a $1.05 million increase in Core Market sales driven by growth in Vermont. For the six months ended June 30, 2023, revenue from continuing operations increased 5.6% to $19.3 million from $18.2 million in the prior year six-month period. Gross profit of $4.4 million (52% gross margin) in Q2 2023, compared with $4.5 million (43% gross margin) in Q2 2022. Adjusted gross profit1 was $4.5 million (54% adjusted gross margin) in Q2 2023, compared with $4.3 million (43% adjusted gross margin) in Q2 2022, representing a 6.3% increase year-over-year. EBITDA1 of $(1.2) million in Q2 2023, compared with $(1.1) million in Q2 2022. The reduction in EBITDA is primarily attributable to a $0.28 million reduction in gross profit offset by a $0.21 million reduction in operating expenses, both of which exclude depreciation costs. Adjusted EBITDA1 of $(0.76) million in Q2 2023, compared with $(0.70 million) in Q2 2022. The reduction in Adjusted EBITDA is primarily attributable to a $0.19 million increase in operating expenses (excluding depreciation expenses, expected credit losses and share based payments), offset by $0.13 million increase in adjusted gross profit, excluding depreciation costs. $10.07 million in cash and restricted cash on June 30, 2023, compared to $11.67 million in cash and restricted cash on March 31, 2023. The Company received an additional $1.63 million in ERTC (Employee Retention Tax Credit) from the Internal Revenue Service post quarter-end. As of August 15, 2023, SLANG had $11.23 million in cash and restricted cash compared to $11.92 million on December 31, 2022. Second Quarter 2023 Financial Review The consolidated financial statements were prepared in accordance with IFRS. The following is a selected presentation of the Income Statement for the three and six months ended June 30, 2023. (In thousands of Canadian dollars except per share data and percentages) For the three months ended For the six months ended     30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22   Net Operating Revenue From Continuing Operations 8,436 9,868 19,259 18,242   Cost of goods sold 3,900 5,601 9,041 10,336   Gross Profit Before Fair Value Adjustment of Biological Assets 4,536 4,267 10,218 7,906   Realized fair value amounts included in inventory sold (609 ) (580 ) (1,032 ) (1,094 ) Unrealized gain on changes in fair value of biological assets 419 806 876 1,336   Gross Profit 4,346 4,493 10,062 8,148   Gross Profit Margin 52%   46%   52%   45%   Operating expenses 6,235 7,087 12,015 14,573   Operating Loss (1,889 ) (2,594 ) (1,953 ) (6,425 ) Other items (Impairment, FV adjustment, FX, gains/losses, taxes, etc.) (1,647 ) (951 ) (3,912 ) (1,633 ) Total Comprehensive Loss (3,536 ) (3,545 ) (5,865 ) (8,058 ) Earnings Per Share From Continuing Operations           Basic (0.01 ) (0.03 ) (0.03 ) (0.09 ) Diluted (0.01 ) (0.03 ) (0.03 ) (0.08 )   (In thousands of Canadian dollars) For the three months ended For the six months ended     30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22   Net Operating Revenue From Continuing Operations 8,436 9,868 19,259 18,242   Cost of Goods Sold 3,900 5,601 9,041 10,336   Realized fair value amounts included in inventory sold (609 ) (580 ) (1,032 ) (1,094 ) Unrealized gain on fair value of biological assets 419 806 876 1,336   Cost of Goods Sold 4,090 5,375 9,197 10,094   Gross Profit 4,346 4,493 10,062 8,148   Gross Profit Margin 52%   46%   52%   45%   Gross Profit before FV adjustment 4,536 4,267 10,218 7,906   Gross Profit Margin before FV adjustment 54%   43%   53%   43%     (In thousands of Canadian dollars) For the three months ended For the six months ended     30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22   Total Comprehensive Loss (3,536 ) (3,545 ) (5,865 ) (8,058 ) EBITDA (Non-IFRS) (1,168 ) (1,096 ) (490 ) (3,455 ) Adjusted EBITDA (Non-IFRS) (762 ) (704 ) (22 ) (2,348 )  See the Company's management's discussion and analysis for the three and six months ended June 30, 2023 (the "Q2 2023 MD&A") for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG's financial statements and the Q2 2023 MD&A are available on SEDAR+ at www.sedarplus.ca, and on the Company's Investor Relations website at www.slangww.com. Non-IFRS Measures EBITDA, Adjusted EBITDA, adjusted gross profit and adjusted gross margin 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. Management defines adjusted gross profit as gross profit before fair value adjustment of biological assets. 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. During 2022, the Company updated its definition of Adjusted EBITDA to include the impact of fair value amounts included in inventory sold and unrealized gain on changes in fair value of biological assets. Conference Call Details Management plans to host an investor conference call today, August 24, at 10:00 am ET to discuss the results. Timing: Thursday, August 24, 2023 at 10:00 am ETDial In: 1(888) 440-5983 (US toll-free) or 1(646) 960-0202 (international)Conference ID: 6291438Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or https://events.q4inc.com/attendee/459259871 About SLANG Worldwide SLANG Worldwide Inc. is the industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, Ceres, Firefly, and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at 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 27, 2022 and other disclosure documents available on SEDAR+ at www.sedarplus.ca. 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. Financial Outlook This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the Company's sales in certain markets during the period of July and August 2023, as well as cash balances and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading "Forward-Looking Statements". The actual results of the Company's operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading "Forward-Looking Statements", it should not be relied on as necessarily indicative of future results. 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. Reader Advisory Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Company ContactMikel Rutherford, CFO833-752-6499 Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com

Toronto, Ontario--(Newsfile Corp. - August 17, 2023) - 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 second quarter 2023 financial results and conference call. The Company expects to release its financial results for the quarter ended June 30, 2023, before markets open on August 24, 2023. Management plans to host an investor conference call that same day at 10:00 am ET to discuss the results. Timing: Thursday, August 24th, 2023 at 10:00 am ETDial In: 1-(888) 440-5983 (US toll-free) or 1-(646) 960-0202 (international)Conference ID: 6291438Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or https://events.q4inc.com/attendee/459259871 About SLANG Worldwide Inc. SLANG Worldwide Inc. is the industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, Ceres, Firefly, and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at 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 SEDAR+ at www.sedarplus.ca. 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. Reader Advisory Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Company ContactMikel Rutherford, CFO833-752-6499 Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com

Toronto, Ontario--(Newsfile Corp. - August 2, 2023) - 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 issued a letter to shareholders from its Chief Executive Officer, John Moynan. To our Shareholders, Since our strategic restructuring in 2021, SLANG has executed its growth plan with precision, scaling our vertically integrated operations in our Core Markets of Colorado and Vermont and, as a result, we have produced greater opportunities for higher-margin revenue growth. We have also taken strategic steps to further enhance and expand our award-winning cannabis brand portfolio, cementing our position as a reliable industry leader in meeting consumer demand within the most competitive cannabis markets and demonstrating our evolving ability to serve our expanding consumer base. During the first half of 2023, we remained focused on understanding and adapting to evolving cannabis consumer trends, enabling us to strengthen our portfolio of high-quality, uniquely favorable brands. The sales success of our recently introduced products highlights our ability to lead the delivery of the next generation of cannabis products, effectively catering to the preferences of today's consumers. SLANG's reputation for innovation, quality, and consistency has earned us the trust of consumers, and our recent initiatives have exceeded expectations, resulting in a notable positive impact on our consumer base and sales growth. This momentum sets the stage for continued success in the second half of 2023 and beyond. Colorado In the first half of 2023, sales of O.pen cartridges experienced significant growth, up by 16% to 415,082 units, from 357,924 units during the same period in the previous year. In June 2023, we launched our new 2 gram disposable cartridges with an initial sales goal of 3,000 units. The Company exceeded this goal by 241%, selling 7,238 units in the first month alone. The initial success of the 2 gram cartridge indicates the evolving consumer preferences, and we are now therefore expanding our portfolio with a new 1 gram cartridge. The disposable category of the Colorado cannabis industry increased 33.7% in April/May 2023 from April/May 2022, reflecting SLANG's continued success and focus. Vermont In July 2023, we proudly launched the first line of fast-acting THC-infused gummies under the Alchemy Naturals brand at SLANG's Burlington Ceres Collaborative Dispensary. Wholesale sales in the second quarter showcased extraordinary growth, surging by 380% compared to the first quarter of 2023, demonstrating the unique opportunity for sustainable growth in the rapidly-developing Vermont market. Emerging Markets SLANG successfully entered the Maryland adult use market through our longstanding partnership with Trulieve as it became legal on July 1, 2023. Building on our established leadership position since entering the medicinal market with Trulieve in May 2022, we increased our offering to the Maryland cannabis market with 14 available daily strains and a new 500 mg all-in-one that launched on July 28, 2023. Our multi-faceted and proven growth strategy has focused on vertically integrated operations in Vermont and Colorado, as well as expansion into emerging markets through our strategic partnership model. Our lean and agile approach positions us to unlock unparalleled growth potential in each uniquely structured cannabis market. As we move forward in 2023, we will remain laser-focused on advancing newly established higher-margin revenue channels, such as our wholesale business in our Core Markets and our THC-free business across the country to further propel our financial growth and enhance our brand performance. This strategy, combined with our commitment to innovation and quality, will continue to cement our position as a leading player in the cannabis industry. Once again, I would like to thank our Board of Directors, the entire team at SLANG, and our shareholders for their ongoing support. Regards,John MoynanChief Executive OfficerSLANG Worldwide About SLANG Worldwide Inc.SLANG Worldwide Inc. is an industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, Ceres, Firefly, and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at 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 in this news release include, but are not limited to, statements regarding the Company's expected performance for certain metrics during the three months ended June 30, 2023 and other periods. 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 changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations, the COVID-19 global pandemic 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.sedarplus.ca. 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. Financial OutlookThis news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for certain sales and other measures during the noted periods up to and including June 30, 2023 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading "Forward-Looking Statements". The actual results of the Company's operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading "Forward-Looking Statements" above, it should not be relied on as necessarily indicative of future results. Company ContactMikel Rutherford, CFO833-752-6499 Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com

Available at SLANG's Burlington Ceres Collaborative Dispensary, New Alchemy Naturals Edibles Deliver Quick Onset and Consistent, Reliable, Consumption Experience Toronto, Ontario--(Newsfile Corp. - July 12, 2023) - 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 first line of fast-acting cannabis-infused gummies under its Alchemy Naturals all-natural THC gummy brand. Available in Vermont at SLANG's Ceres Collaborative located in downtown Burlington, and soon in dispensaries across Vermont via wholesale-Alchemy Naturals' new fast-acting gummies harness TiME INFUSION® (Thermodynamic Individual Molecular Encapsulation) technology from Azuca, expediting the onset time to between five and fifteen minutes. Designed for a stackable, social and session-able cannabis consumption experience, Alchemy Naturals' fast-acting gummies aim to meet Vermonters' demand for a consistent cannabis edible that yields effects swiftly. In collaboration with Azuca, which develops best-in-class, rapid-onset delivery systems and advanced formulations, Alchemy Naturals' new gummies launched with two inviting flavors-Blackberry Lime and Cranberry Orange, in perfectly dosed 5mg packages. "Azuca has invested a lot of time into research around creating a fast-acting solution for edible products in the cannabis industry," stated Brittany Hallett, VP, Marketing of SLANG. "Our Alchemy edibles brand has been widely recognized for its flavor and all-natural ingredients. The opportunity to add Azuca's technology to our already uniquely formalized gummies makes them even more desirable to our consumer base as it adds the additional layer of providing a consistent cannabis experience. We are confident in Azuca's research and have seen the success that they have achieved in bringing this technology to the high-demand THC edible market." "We're thrilled to partner with Alchemy Naturals for the launch of its new cannabis-infused gummy," said Kim Sanchez Rael, Azuca Co-founder and CEO. "The collaboration combines our innovative TiME INFUSION® with Alchemys' commitment to high-quality, delicious products that support daily wellness. Together, we're revolutionizing the cannabis industry by delivering fast-acting, great-tasting edibles that provide a controllable and enjoyable experience for consumers." Alchemy Naturals and Azuca recognize that one of the biggest challenges consumers face with edibles is the unpredictable onset time. In addition, the lag between consumption and effects may compel consumers to keep on eating the edibles-and then they've had too much. Alchemy Naturals aims to solve this problem by providing consumers with predictable, dose-able products they can trust. While traditional edibles convert Delta-9-THC in the digestive tract to 11-Hydroxy-THC, Alchemy Naturals gummies contain individually encapsulated Delta-9-THC cannabinoids. The technology provides greater cannabinoid bioavailability that works at the molecular level to bypass the liver and enter the bloodstream immediately. For most, this means onset in less than 15 minutes and a Delta-9-THC experience that lasts two to four hours. Azuca's infusion process also provides consumers with a true Delta-9 THC experience-a euphoric high akin to inhaling cannabis. This proprietary formulation gives an uplifting, lighter and more euphoric sensation than the heavy effect of traditional edibles. ### About SLANG Worldwide SLANG Worldwide Inc. is an industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, Ceres, Firefly, and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at slangww.com. About Alchemy Naturals Inc. Alchemy Naturals has built its reputation on quality cannabis products crafted with wellness in mind. The company's unique formulas bring together emerging cannabinoids and adaptogens such as CBN, CBG, maca root, reishi mushroom and more. Alchemy Naturals' unique effects-based offerings are available in exciting CBD and THC formulas like Sleep Pomegranate Berry and De-Stress Peach Hibiscus. Developed in partnership with Ph.D. food scientists, each product has also been co-created leveraging consumer feedback to create offerings that truly deliver on unmet consumer needs. Launched in Oregon in 2016, Alchemy Naturals-formerly known as Lunchbox Alchemy-has plans to expand further through parent company SLANG's 13-state THC distribution network. This includes not only growing Alchemy Naturals' existing presence in Colorado and Oregon, as well as new operations in Vermont and New Jersey. Learn more at alchemynaturals.com. About Azuca Azuca serves edibles and beverage manufacturers with best-in-class, fast-acting delivery systems and advanced formulations. Azuca's products are chef-created, science-forward and powered by its patent-pending TiME INFUSION® process, which encapsulates individual cannabinoid molecules, making them "water-friendly," for a predictable and controllable experience every time. AZUCA TiME INFUSION® is available in dozens of SKUs, including Wana Quick Gummies, Columbia Care's Hedy Edibles, and Acreage's The Botanist Fast-Acting Gummies. Learn more about Azuca on AZUCATiME.com and Follow Azuca on Instagram, Facebook and LinkedIn. 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. Company ContactMikel Rutherford, CFO833-752-6499 Media Contact:Casey EcholsGrasslands: A Journalism-Minded Agencycaseyechols@gmail.com Media and Investor Inquiries:Investors@SLANGww.com KCSA Strategic Communications:Phil CarlsonSLANG@kcsa.com

Positive EBITDA of $0.68 million in Q1 FY2023, compared with ($2.36 million) in Q1 FY20221 Achieved positive operational cash flow in Q1 FY2023 for the second consecutive quarter, and on track to generate positive operational cash flow in Q2 FY20231,2 Adjusted gross profit of $5.68 million (52% adjusted gross margin) in Q1 2023, compared with $3.64 million (43% adjusted gross margin) in Q1 2022, a 56% increase year-over-year1 Toronto, Ontario--(Newsfile Corp. - May 24, 2023) - 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 three months ended March 31, 2023. All figures in this press release are stated in Canadian dollars unless otherwise noted. "SLANG's results from Q1 FY2023 again demonstrated the strength of the SLANG business model and our ability to thrive in the country's most competitive cannabis markets, and create a differentiated financial profile. By operating in a flexible and scalable manner to effectively compete in each specific cannabis market where we operate, we have now produced positive Adjusted EBITDA, our first quarter of positive EBITDA, our second consecutive quarter of positive operational cash flow, and our highest quarterly adjusted margins to date, of 52%. We anticipate this positive momentum to continue through fiscal 2023 as we further elevate our market position and continue to drive top and bottom-line results," commented John Moynan, Chief Executive Officer of SLANG. "Our core markets of Vermont and Colorado continue to outperform expectations, with our portfolio of leading brands fueling solid sales growth. In fact, we achieved our strongest sales growth in Colorado in the first quarter with sales increasing 12% year-over-year. Our ability to continue driving high-margin revenue from our Core Markets positions these operations as the financial backbone of our Company, allowing us to be aggressive in driving brand performance nationally through our Emerging Markets," Mr. Moynan concluded. First Quarter 2023 Operational Highlights and Growth Drivers: Generated positive operational cash flow in Q4 FY2022 and Q1 FY2023, achieving two consecutive quarters of positive operational cash flow1. In the first two O.pen promotions of Q1 2023, the Company saw its top 5 highest volume accounts deliver a 30-66% year-over-year sales lift. This was driven by a new strategic marketing approach in 2023, concentrated on structured, brand-driven promotions during key sales periods throughout the year. Launched O.pen and Alchemy Naturals into the Vermont wholesale market, a significant near-term growth opportunity. In April 2023, expanded into the new market of West Virginia, launching operations through strategic partnerships with leading, high-quality premium cannabis brands and operators. First Quarter 2023 Financial Highlights Revenue from continuing operations for the three months ended March 31, 2023, was $10.82 million, compared with $8.37 million in the three months ended March 31, 2022, representing a 29% increase year-over-year. The primary drivers of the increase were due to an increase in our Core Market sales of $2.05 million in Vermont and $0.78 million in Colorado, offset by a reduction in Emerging Market sales. The increase in Vermont was driven by the opening of the Company's CERES Collaborative dispensary on October 1, 2022, Vermont's first recreational cannabis store. Gross profit of $5.72 million (53% gross margin) in Q1 2023, compared with $3.66 million (44% gross margin) in Q1 2022, representing a 56% increase year-over-year. Adjusted gross profit1 was $5.68 million (52% adjusted gross margin) in Q1 2023, compared with $3.64 million (43% adjusted gross margin) in Q1 2022, representing a 56% increase year-over-year. EBITDA1 of $0.68 million in Q1 2023, compared with ($2.36 million) in Q1 2022. The improvement in EBITDA is primarily attributable to a $2.06 million increase in gross profit and a $0.55 million decrease in share-based payments. Further reductions in operating expenditures such as consulting and subcontractors also contributed to the improvement in EBITDA. Adjusted EBITDA1 of $0.74 million in Q1 2023, compared with ($1.64 million) in Q1 2022. The improvement in Adjusted EBITDA is primarily attributable to a $2.04 million increase in gross profit before fair value adjustments of biological assets. Further reductions in operating expenditures such as consulting and subcontractors also contributed to the improvement in Adjusted EBITDA. $11.67 million in cash and restricted cash on March 31, 2023, compared to $11.92 million on December 31, 2022. Excluding deferred cash consideration of $0.33 million paid in connection with the Company's acquisition of High Fidelity Inc. ("HiFi"), the Company was operational cash flow positive in the three months ending March 31, 20231. First Quarter 2023 Financial Review The consolidated financial statements were prepared in accordance with IFRS. The following is a selected presentation of the Income Statement for the three months ended March 31, 2023.     3 months ended 3 months ended   31-Mar-23 31-Mar-22 (In thousands except per share data and percentages) CDN CDN Net Operating Revenue From Continuing Operations $ 10,823 $ 8,374 Cost of Goods Sold 5,141 4,735 Gross Profit Before Fair Value Adjustment of Biological Assets 5,682 3,639 Realized fair value amounts included in inventory sold (423 ) (514 ) Unrealized gain on fair value of biological assets 456 530 Gross Profit 5,715 3,655 Gross Profit Margin 53% 44% Operating expenses 5,778 7,486 Operating Loss (63 ) (3,831 ) Other items (Impairment, FV adjustment, FX, gains/losses, taxes, etc.) 2,267 682 Total Comprehensive Loss (2,330 ) (4,513 ) Earnings Per Share From Continuing Operations               Basic $ (0.02 ) $ (0.04 )           Diluted $ (0.02 ) $ (0.04 )       3 months ended 3 months ended   31-Mar-23 31-Mar-22 (In thousands except per share data and percentages) CDN CDN Net Operating Revenue From Continuing Operations $ 10,823 $ 8,374 Cost of Goods Sold 5,141 4,735 Realized fair value amounts included in inventory sold (423 ) (514 ) Unrealized gain on fair value of biological assets 456 530 Cost of Goods Sold 5,108 4,719 Gross Profit 5,715 3,655 Gross Profit Margin 53% 44% Gross Profit before FV adjustment 5,682 3,639 Gross Profit Margin before FV adjustment 52% 43%       3 months ended 3 months ended   31-Mar-23 31-Mar-22 (In thousands except per share data and percentages) CDN CDN Total Comprehensive Loss $ (2,330 ) $ (4,513 ) EBITDA (Non-IFRS) 679 (2,359 ) Adjusted EBITDA (Non-IFRS) 742 (1,644 )   See the Company's management's discussion and analysis for the three months ended March 31, 2023 (the "Q1 2023 MD&A") for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG's financial statements and the Q1 2023 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, adjusted gross profit, adjusted gross margin and operational cash flow 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. Management defines adjusted gross profit as gross profit before fair value adjustment of biological assets. Management defines adjusted gross margin as gross margin before fair value adjustment of biological assets. Management defines operational cash flow as cash flow of the business, excluding milestone payments made in connection with the Company's acquisition of HiFi, pursuant to an Agreement and Plan of Merger dated June 25, 2021, as amended. 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. During 2022 the Company updated its definition of Adjusted EBITDA to include the impact of fair value amounts included in inventory sold and unrealized gain on changes in fair value of biological assets. The comparative 2021 figures have been updated to conform to this current period presentation. Conference Call Details Management plans to host an investor conference call today, May 24, at 10:00 am ET to discuss the results. Timing: Wednesday, May 24th, 2023 at 10:00 am ETDial In: 1(888) 440-5983 (US toll-free) or 1(646) 960-0202 (international)Conference ID: 6291438Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or https://events.q4inc.com/attendee/413638362 About SLANG Worldwide SLANG Worldwide Inc. is the industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, Ceres, Firefly, and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at 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 the Q1 2023 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. Financial Outlook This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the Company's operational cash flow for the three months ended June 30, 2023 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading "Forward-Looking Statements". The actual results of the Company's operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading "Forward-Looking Statements", it should not be relied on as necessarily indicative of future results. 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. Company ContactMikel Rutherford, CFO833-752-6499 Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com 1 See "Non IFRS measures".2 Preliminary and unaudited financial results are subject to customary financial statement procedures by the Company and its auditors. Actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for these preliminary financial results, the results involve known and unknown risks and uncertainties that may cause actual results to differ materially. These preliminary fiscal results represent forward-looking information. See "Forward-Looking Statements" and "Financial Outlook".

Toronto, Ontario--(Newsfile Corp. - May 17, 2023) - 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 first quarter 2023 financial results and conference call. The Company expects to release its financial results for the quarter ended March 31, 2023, before markets open on May 24, 2023. Management plans to host an investor conference call that same day at 10:00 am ET to discuss the results. Timing: Wednesday, May 24th, 2023 at 10:00 am ETDial In: 1(888) 440-5983 (US toll-free) or 1(646) 960-0202 (international)Conference ID: 6291438Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or https://events.q4inc.com/attendee/413638362 About SLANG Worldwide Inc. SLANG Worldwide Inc. is the industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, Ceres, Firefly, and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at 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. Reader Advisory Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Company ContactMikel Rutherford, CFO833-752-6499 Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com

Generated positive operational cash flow in Q4 FY2022 and Q1 FY2023, achieving two consecutive quarters of positive operational cash flow1,2.Adjusted gross profit1 of $17.62 million (46% adjusted gross margin1) in FY 2022, compared with $14.47 million adjusted gross profit (38% adjusted gross margin) in FY 2021, representing a 22% increase year-over-year. Cash and cash equivalents of $11.9 million at December 31, 2022, and a clean balance sheet with well-structured debt requiring non-material payments. In September 2022, obtained a recreational retail license in Vermont and opened the state's first recreational cannabis store in Burlington, Vermont. Subsequently, SLANG's sales in the state exceeded $5.38 million in Q4, significantly outpacing forecasted growth for the year, driving full year Vermont sales to $10.96 million. THC free wholesale distribution introduced new higher margin sales in a key growth channel. Toronto, Ontario--(Newsfile Corp. - April 27, 2023) - 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 and twelve months ended December 31, 2022. All figures in this press release are stated in Canadian dollars unless otherwise noted. Key Financial Highlights: Generated positive operational cash flow in Q4 FY2022 and again subsequent to the end of the year in Q1 FY2023, achieving two consecutive quarters of positive operational cash flow1,2. Revenue from continuing operations for FY 2022 was $38.19 million, compared with $37.78 million in FY 2021, representing a 1% increase year-over-year. The primary driver of the increase was the recognition of a full year of revenue from High Fidelity, Inc. ("HiFi") in Vermont, offset by a reduction in revenue resulting from shifting Oregon from a Core Market to an Emerging Market which was completed in Q4 2021, and a reduction in Emerging Market sales. Adjusted gross profit1 of $17.62 million (46% adjusted gross margin1) in FY 2022, compared with $14.47 million adjusted gross profit (38% adjusted gross margin) in FY 2021, representing a 22% increase year-over-year. Adjusted EBITDA1 of ($3.65 million) in FY 2022, compared with ($5.63 million) in FY 2021. The improvement in Adjusted EBITDA is primarily attributable to a $3.16 million increase in Adjusted gross profit, offset by an increase in operating expenditures related to HiFi, which is not presented in the comparative period before August 11, 2021. EBITDA1 of ($8.71 million) in FY 2022, compared with ($17.49 million) in FY 2021. The improvement in EBITDA is primarily attributable to a decrease in operating expenditures (excluding depreciation and amortization) of $7.41 million and an increase in gross profit of $1.32 million. $11.9 million in cash and restricted cash on December 31, 2022, compared to $20.83 million on December 31, 2021. John Moynan, Chief Executive Officer of SLANG, commented, "2022 was a transformational year for SLANG, and the Company is demonstrating exceptional financial performance relative to its peer group. In Q4 FY2022, we achieved positive operational cash flow for the first time in the Company's history, which we also generated subsequent to year end in Q1 FY2023, meaning we have now produced two consecutive quarters of positive operational cashflow. We continue to consolidate our supply chain and streamline our operations to drive financial results across our Core and Emerging markets. In the month of October 2022, we achieved cash flow positivity for the first time in the Company's history. We demonstrated year-over-year adjusted gross margin growth for each quarter of 2022, and we believe this trend will continue as we drive revenue growth in our most profitable channels." Mr. Moynan added, "We continued to demonstrate success in our Core markets of Vermont and Colorado, with several key milestones achieved over the year. Our products maintain leading status in the country's most competitive cannabis markets, with a portfolio of best-in-class brands - in particular, O.pen, which remains today's top selling vape cartridge product in Colorado, a position it has maintained for the last 8 years3. O.pen sales remain strong, and this year the brand has outpaced the competition by a wide margin despite challenging market conditions. In 2023, SLANG is focused on expanding our market share through product sales channels, such as THC-free, to diversify our profitable revenue streams. We will further build upon our successful partnership model to enter new emerging markets in a capital-efficient manner, strategically positioning our brands at the forefront of the industry and SLANG for continued growth." Operational Highlights and Growth Drivers: On September 28, 2022, Vermont regulators issued an integrated marijuana license to the Company allowing the Company to open its CERES Collaborative dispensary on October 1, 2022, Vermont's first recreational cannabis store. O.pen has been ranked the #1 Vape Brand in Colorado each year since 2015, and SLANG launched the 10 Years of O.pen program in October, with special incentives driving record sales for O.pen in Colorado with a 229% increase in sales from August to September. This success prompted a new strategic approach in 2023, focused on structured, brand-driven promotions during key sales periods throughout the year. In the first two O.pen promotions of Q1 2023, the Company has seen its top 5 highest volume accounts deliver a 30-66% year-over-year sales lift. New vertically integrated operations in Vermont generated $11 million in revenue in FY 2022, significantly outpacing the Company's forecasts for the State. Successfully launched Alchemy Naturals Edibles in Colorado in July and e-commerce in September with an 8% growth in dollar sales from July to September. Expanded into new markets, launching operations in Michigan and Maryland in May 2022, and in West Virginia subsequent to year end in April 2023 through strategic partnerships with leading, high-quality premium cannabis brands and operators in those states. Financial Year 2022 Corporate Updates In October, Mr. John Moynan was promoted to Chief Executive Officer of the Company and Ms. Ruth Chun, an independent director of the Company, was appointed Chair of the Board. Announced newly formulated M&A and Investment Committee chaired by independent board member Kevin Albert. Fourth Quarter 2022 Financial Highlights Revenue from continuing operations for the three months ended December 31, 2022, was $11.78 million, compared with $8.84 million in the three months ended December 31, 2021, representing a 33% increase year-over-year. The primary drivers of the increase were an increase in our Core Market sales of $0.46 million in Colorado and $3.37 million in Vermont, offset by a decrease in our Emerging Market sales of $0.86 million. Gross profit of $4.70 million (40% gross margin) in Q4 2022, compared with $4.10 million (46% gross margin) in Q4 2021, representing a 6% decrease year-over-year. Gross profit before fair value of biological assets was $5.70 million (48% gross margin) in Q4 2022, compared with $3.34 million (38% gross margin) in Q4 2021, representing a 71% increase year-over-year. Adjusted EBITDA of ($.056 million) in Q4 2022, compared with ($2.90 million) in Q4 2021. The improvement in Adjusted EBITDA is primarily attributable to a $2.36 million increase in gross profit before fair value adjustments on biological assets, and decreases in consulting and subcontractor operating expenses. EBITDA of ($1.82 million) in Q4 2022, compared with ($4.87 million) in Q4 2021. The improvement in EBITDA is primarily attributable to an increase in gross profit of $0.60 million and decreases in operating expenditures consisting mainly of consulting and subcontractors, share based payments, and expected credit losses. Full Year 2022 Financial Review The consolidated financial statements were prepared in accordance with IFRS. The following is a selected presentation of the Income Statement for the three and twelve months ended December 31, 2022.   3 months ended 3 months ended 12 months ended 12 months ended   31-Dec-22 31-Dec-21 31-Dec-22 31-Dec-21 (In thousands except per share data and percentages) CDN CDN CDN CDN Net Operating Revenue From Continuing Operations $ 11,777 $ 8,838 $ 38,189 $ 37,777 Cost of Goods Sold 6,077 5,501 20,566 23,311 Gross Profit Before Fair Value Adjustment of Biological Assets 5,700 3,337 17,623 14,466 Realized fair value amounts included in inventory sold (1,298 ) (501 ) (2,976 ) (886 ) Unrealized gain on fair value of biological assets 293 1,264 1,799 1,547 Gross Profit 4,695 4,100 16,446 15,127 Gross Profit Margin 40% 46% 43% 40% Operating expenses 8,167 11,053 31,332 40,463 Operating Loss (3,472 ) (6,953 ) (14,886 ) (25,336 ) Other items (Impairment, FV adjustment, FX, gains/losses, taxes, etc.) 13,483 30,149 14,767 31,197 Total Comprehensive Loss (16,955 ) (37,102 ) (29,653 ) (56,533 ) Earnings Per Share From Continuing Operations         Basic $ (0.15 ) $ (0.39 ) $ (0.29 ) $ (0.60 ) Diluted $ (0.15 ) $ (0.39 ) $ (0.29 ) $ (0.60 )     3 months ended 3 months ended 12 months ended 12 monthsended 31-Dec-22 31-Dec-21 31-Dec-22 31-Dec-21 (In thousands except per share data and percentages) CDN CDN CDN CDN Net Operating Revenue From Continuing Operations $ 11,777 $ 8,838 $ 38,189 $ 37,777 Cost of Goods Sold 6,077 5,501 20,566 23,311 Realized fair value amounts included in inventory sold (1,298 ) (501 ) (2,976 ) (886 ) Unrealized gain on fair value of biological assets 293 1,264 1,799 1,547 Cost of Goods Sold 7,082 4,738 21,743 22,650 Gross Profit 4,695 4,100 16,446 15,127 Gross Profit Margin 40% 46% 43% 40% Gross Profit before FV adjustment 5,700 3,337 17,623 14,466 Gross Profit Margin before FV adjustment   48% 38% 46% 38%        3 monthsended 3 months ended 12 months ended 12 monthsended 31-Dec-22 31-Dec-21 31-Dec-22 31-Dec-21 (In thousands except per share data and percentages) CDN CDN CDN CDN Total Comprehensive Loss $ (16,955 ) $ (37,102 ) $ (29,653 ) $ (56,533 ) EBITDA (Non-IFRS) (1,822 ) (4,866 ) (8,710 ) (17,487 ) Adjusted EBITDA (Non-IFRS) (56 ) (2,896 ) (3,645 ) (5,626 )   See the Company's management's discussion and analysis for the three and twelve months ended December 31, 2022 (the "Q4 2022 MD&A") for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG's financial statements and the Q4 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, adjusted gross profit, adjusted gross margin and operational cash flow 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. Management defines adjusted gross profit as gross profit before fair value adjustment of biological assets. Management defines adjusted gross margin as gross margin before fair value adjustment of biological assets. Management defines operational cash flow as cash flow of the business excluding milestone payments made in connection with the Company's acquisition of HiFi, pursuant to an Agreement and Plan of Merger dated June 25, 2021, as amended. 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. During 2022 the Company updated its definition of Adjusted EBITDA to include the impact of fair value amounts included in inventory sold and unrealized gain on changes in fair value of biological assets. The comparative 2021 figures have been updated to conform to this current period presentation. Conference Call Details Management plans to host an investor conference call today, April 27, 2023, at 10:00am ET to discuss the results. Timing: Thursday, April 27th, 2023 at 10:00 am ET Dial In: 1(888) 440-5983 (US toll-free) or 1(646) 960-0202 (international)Conference ID: 6291438Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or https://events.q4inc.com/attendee/442824694 About SLANG Worldwide SLANG Worldwide Inc. is the industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, Ceres, Firefly, and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at 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 the Q3 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. Financial Outlook This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the Company's operational cash flow for the three months ended March 31, 2023 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading "Forward-Looking Statements". The actual results of the Company's operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading "Forward-Looking Statements", it should not be relied on as necessarily indicative of future results. 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. Company ContactMikel Rutherford, CFO833-752-6499 Media and Investor Inquiries Investors@SLANGww.com KCSA Strategic Communications Phil Carlson SLANG@kcsa.com 1 See "Non-IFRS Measures".2 Preliminary and unaudited financial results are subject to customary financial statement procedures by the Company and its auditors. Actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for these preliminary financial results, the results involve known and unknown risks and uncertainties that may cause actual results to differ materially. These preliminary fiscal results represent forward-looking information. See "Forward-Looking Statements" and "Financial Outlook".3 According to BDSA data.

Toronto, Ontario--(Newsfile Corp. - April 20, 2023) - 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 full year 2022 financial results and conference call. The Company expects to release its financial results for the quarter and full year ended December 31, 2022, before markets open on April 27, 2023. Management plans to host an investor conference call that same day at 10:00 am ET to discuss the results. Timing: Thursday, April 27th, 2023 at 10:00 am ETDial In: 1(888) 440-5983 (US toll-free) or 1(646) 960-0202 (international)Conference ID: 6291438Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or https://events.q4inc.com/attendee/442824694 About SLANG Worldwide Inc.SLANG Worldwide Inc. is the industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, Ceres, Firefly, and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at 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 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. Reader Advisory Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Company ContactMikel Rutherford, CFO833-752-6499 Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com