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Toronto, Ontario--(Newsfile Corp. - November 16, 2021) - 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 a term-loan financing (the "Loan Transaction") with Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve"), a leading and top-performing cannabis company based in the United States, and two existing significant shareholders of the Company, Pura Vida Investments ("Pura Vida") and Seventh Avenue Investments ("Seventh Avenue"), for aggregate proceeds of $17.3 million USD. At least 50% of the loan proceeds will be allocated to the development of operations in Vermont to achieve long-term profitability and further execute strategic growth objectives. In addition, the Company's board of directors (the "Board") has appointed Drew McManigle as interim Chief Executive Officer and Chairman of the Board, effective November 15th. Mr. McManigle succeeds Chris Driessen as Chief Executive Officer, upon his departure from the Company. Mr. McManigle also succeeds Peter Miller as Chairman of the Board and Mr. Miller remains a director of the Company. Drew McManigle's appointment as interim CEO and Chairman provides SLANG with proven leadership with experience across a variety of industries to strengthen SLANG's position as a specialty focused, nimble, pragmatic organization. This leadership transition, integrated with the overall strategic transformation, positions the Company to successfully capitalize and build upon its platforms in Colorado and Vermont to drive profitable growth, while taking a carefully crafted and prudent approach to evaluating and capturing additional future growth opportunities. "Our investment in SLANG underscores the success of our strategic partnership, as well as our commitment to providing the trusted and reliable brands our customers rely on," said Kim Rivers, CEO of Trulieve. "Since beginning our exclusive partnership in Florida, we have been able to bring SLANG to additional markets, expanded into wholesale, and now look forward to continued growth at scale and mutual success as we strive to provide our customers with the highest-quality products and unparalleled experience they can expect at Trulieve." "I'm excited about the opportunity to lead SLANG and further develop its established operating platform in the cannabis industry. My focus is on assuring SLANG is both operating efficiently and profitably capitalizing on new growth opportunities" said interim CEO and Chairman Drew McManigle. "Our top priority is the evolution of SLANG and its strategic positioning. The concurrent financing round represents a vote of confidence from a leading industry partner, Trulieve, and two of our largest shareholders, Pura Vida and Seventh Avenue." Mr. McManigle is the Founder and Chief Executive Officer of MACCO Restructuring Group, LLC ("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. He attended Texas Tech University and received his bachelor's degree from the University of Houston. The Company further announces that it has accepted the resignation of each of Chris Donnelly, Chris Driessen, Kelly Ehler, Keith Stein and Robert Verdun from the Board, effective immediately. The Company acknowledges each of the departing members of the Board for their support and contributions to the Company. To support the leadership transition, the Company has entered into an agreement with Mr. Driessen to provide transitional services to the Company in exchange for certain cash payments and the issuance of 600,480 Common Shares on the date hereof, as well as future share-based payments. Under the terms and conditions of the Loan Transaction, Trulieve, Pura Vida, Seventh Avenue, and other investors (collectively, the "Lenders") will provide SLANG a loan of $17.3 million USD (the "Initial Loan Amount"), which is subject to an original issue discount of 3% and will have a three-year term and a PIK interest rate of 9.75%, compounded quarterly, with the entire outstanding balance, including interest, becoming due and payable on third anniversary of the Loan Transaction (the "Maturity Date"). Additionally, SLANG will pay the Lenders an aggregate total amount equal to $3.6 million USD (together with the Initial Loan Amount, the "Loan Amount") on the earlier of: (i) the Maturity Date; and (ii) any date of prepayment of the Initial Loan Amount. In addition, the Company has granted the Lenders an option to, at any time on or prior to the Maturity Date, convert any portion of the Loan Amount, including the earned interest thereon, into common shares of the Company ("Common Shares") at a price per Common Share equal to $0.1273 USD. The Loan Amount is secured by a first secured ranking on the assets of SLANG, guaranteed on a senior secured basis by certain of SLANG's subsidiaries. The proceeds of the Loan Transaction will be used for both working capital and to fund the development of SLANG's Vermont operations. In addition, the Company has decided to reduce its Oregon operations and will consolidate production to its Colorado facility. Therefore, in the near term, the Company is pivoting its strategic agenda and focusing on its core markets of Colorado and Vermont. Mr. McManigle will lead the Company to success by leveraging SLANG's core platform to drive near term profitability and tactfully guide the Company's long-term strategy in connection with his appointment. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. Related Party Transaction Disclosure The participation of Seventh Avenue and Pura Vida in the Loan Transaction constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Loan Transaction as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the Loan Transaction, insofar as it involved the related parties (being Seventh Avenue and Pura Vida), exceeded 25% of the Company's market capitalization (as determined under MI 61-101). Further details will be included in a material change report to be filed by the Company. The material change report will not be filed more than 21 days prior to closing of the Loan Transaction due to the timing of the announcement of the Loan Transaction and the anticipated closing thereof occurring in less than 21 days. 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. About MACCO Restructuring Group MACCO Restructuring Group, LLC (www.macco.group) is a middle-market focused interim leadership and financial advisory practice with 17 highly experienced and talented professionals. Based in Houston, MACCO has offices in Las Vegas, Denver, Oklahoma City, Wilmington, DE, and New York City. MACCO's professionals possess real world business experience and have led and managed companies, acted as CEOs, CROs, CFOs, as senior lenders or in fiduciary roles such as operating chapter 11 trustee, assignee, and receiver. About Trulieve Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S. operating in 11 states, with leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF. Learn more at: www.trulieve.com/ Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, but are not limited to, statements regarding the terms of the financing agreement, the use of net proceeds from the Initial Loan Amount, the Company's ability successfully capitalize and build upon its platforms in Colorado and Vermont to drive profitable growth, the Company's ability to capitalize on its existing platform to pursue future opportunities, expectations regarding profitability of the Company and expectations relating to the Company's partnership with Trulieve. 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 Carlson / Rory RumoreSLANG@kcsa.com

Toronto, Ontario--(Newsfile Corp. - November 5, 2021) - 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, has issued 9,260,809 common shares, at a deemed price of CAD$0.17362 per common share, as compensation for a product licensing rights agreement. The common shares have a value of USD$1,300,000 and are subject to a hold period expiring March 3, 2022. 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 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. Media and Investor inquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil Carlson / Rory RumoreSLANG@kcsa.com

Toronto, Ontario--(Newsfile Corp. - September 30, 2021) - 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 its entry into the West Virginia and Pennsylvania markets via a strategic partnership with Trulieve Cannabis Corp. ("Trulieve"), a leading and top-performing cannabis company based in the United States. With the addition of these two states, SLANG's products will soon be available in 15 states, Canada, and Puerto Rico. Under the agreement, Trulieve will have exclusive access to the entire SLANG portfolio of brands. Additionally, SLANG will sell packaging to Trulieve, and will receive royalties on product sales at their locations in both states, as well as on wholesale revenues to third-party dispensaries. Product launches in both states are expected in 2022. Chris Driessen, CEO of SLANG, said, "We are thrilled to announce two more strategic partnerships with Trulieve in Pennsylvania and West Virginia. We look forward to working with Trulieve and building on our existing successful partnerships in Florida and Massachusetts." Pennsylvania, the fifth-most-populated state in the country, has a robust medical marijuana market and Governor Wolf included adult use marijuana on his legislative agenda as announced in January 2021.1 The state has seen immense success with its medical marijuana market, which is expected to reach 1 billion dollars in sales by 2023, according to one report. "Trulieve and SLANG have enjoyed a successful partnership in Florida and as we expand nationally, we are excited to bring SLANG products into select new states," commented Valda Coryat, Chief Marketing Officer of Trulieve. "We recently announced the launch of SLANG in Massachusetts and now we will add two more states within our northeast hub where patients will find SLANG products on Trulieve's shelves and available in dispensaries throughout those states as we build upon our wholesale distribution model." West Virginia currently has a medical marijuana program and as of June 30, 2021, the state has 2,305 patients enrolled. Additionally, the state's Governor Jim Justice recently revealed that he is open to the possibility of adult-use cannabis legalization in the state. [2]2 Trulieve has made several advances in the state and is expected to be the largest dispensary owner and producer in West Virginia. In July 2021, Trulieve began cultivation at their 100,000 square foot facility in Huntington, West Virginia. Driessen continued, "With Trulieve's best-in-class infrastructure, operational excellence and SLANG's portfolio of brands, these partnerships are expected to be successful in two emerging markets that have tremendous upside, especially when you consider the potential regulatory changes in both markets." 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. About TrulieveTrulieve is primarily a vertically integrated "seed-to-sale" company in the U.S. and is the first and largest fully licensed medical cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve-branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve also has operations in California, Massachusetts, Connecticut and Pennsylvania. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF.To learn more about Trulieve, visit www.Trulieve.com. Forward-Looking StatementsThis news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, but are not limited to, statements regarding the terms of the partnership with Trulieve, the launch of SLANG's brands in Pennsylvania and West Virginia in 2022, potential regulatory changes in both Pennsylvania and West Virginia and expected success of SLANG's brands in both such states. 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 InformationThis 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.comKCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com [1] https://local21news.com/news/local/gov-wolf-to-outline-agenda-for-2021-discuss-covid-19-relief-efforts[2]2 https://www.mpp.org/states/west-virginia/

Toronto, Ontario--(Newsfile Corp. - September 7, 2021) - 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 its best-selling, premium vape product line, O.pen Daily Strains and Live Resin, as well as popular edibles brand District Edibles, will be available in Massachusetts, exclusively with Trulieve Cannabis Corp. ("Trulieve"), a leading and top-performing cannabis company based in the United States. Chris Driessen, CEO of SLANG said, "Massachusetts is the first eastern U.S. state to legalize both medical and adult-use cannabis and we are proud to enter this market in partnership with Trulieve. We value their industry leadership and our existing relationship in Florida, which we look forward to continuing in the Massachusetts market. This market will also increase our total points of distribution, Gross Merchandise Value and drive continued brand performance on the east coast." SLANG has a strategic partnership with Trulieve Cannabis Corp. ("Trulieve") to supply branded products to this market. SLANG will also provide sales consulting services and will receive royalty payments for each branded product sold in the state. This is the second market in which SLANG and Trulieve will partner, building on the success that both companies have enjoyed in the Florida market. Massachusetts will mark the first time that both companies will partner on wholesale initiatives, which is a SLANG core competency. Initial product offerings in Massachusetts include O.pen Daily Strains, a selection of popular strains designed to offer consistent and repeatable effects with elevated THC potencies, which are now available in Trulieve's Northampton and Worcester, MA locations. It will be followed by District Edibles, which offers cannabis-infused sweet and sour gummies that are individually sealed and in a convenient, no melt container. Priced as one of the more affordable options on the market, sweet flavors include Cherry Cola, Tropical Punch, Strawberry, Orange, Blue Raspberry, and Watermelon and sour flavors include Apple, Lime, and Peach. "We are thrilled to expand upon our successful partnership with SLANG as we grow in Massachusetts," said Kim Rivers, CEO of Trulieve. "As the exclusive source of SLANG's nationally recognized, trusted and beloved brands, Trulieve continues to deliver on our promise to Massachusetts cannabis consumers, providing a wide variety of the highest-quality products available in the market today." 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. The Company 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 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 included in this news release include, but are not limited to, statements in respect of the Company's expected performance in Q1 2021, the distribution of the Company's branded products in emerging markets, the proposed acquisition of ACG and ongoing consolidation of its supply chain in core markets and the impact thereof. 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 13, 2021and "Risks and Uncertainties" in the 2020 MD&A and other disclosure document 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. Media and Investor inquiriesInvestors@SLANGww.comKCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com [1] Research by BDS Analytics

Toronto, Ontario--(Newsfile Corp. - August 26, 2021) - 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 and six months ended June 30, 2021. All figures in this press release are stated in Canadian dollars unless otherwise noted. Financial Highlights: Revenue for Q2 2021 was $11.3 million, compared with $4.6 million in Q2 2020 and $9.9 million in Q1 2021. The primary driver of year over year growth was a rebound in demand in the Company's Core Markets of Colorado and Oregon as well as the consolidation of wholesale revenue. Strength in the Company's Emerging Markets also contributed to sequential growth, as did the successful launch of new products, including Lunchbox Alchemy CBD. Adjusted EBITDA was ($0.95 million) in Q2 2021, compared with ($1.8 million) in Q2 2020 and an improvement of approximately $10,000 over Q1 2021. The reduction of the Adjusted EBITDA loss is primarily attributable to an increase in revenue and a reduction in operating expenses. EBITDA of ($3.2 million) in Q2 2021, compared with ($4.2 million) in Q2 2020 and ($4.6 million) in Q1 2021. The improvement in EBITDA from the prior-year and prior-quarter represents a 24% and 31% improvement, respectively. The Company remains committed to prudently managing its operating expense on its mission to further improve efficiency. Chris Driessen, CEO of SLANG, said, "This was our fourth consecutive quarter of growth, with quarterly revenues reaching a record $11.3 million, an impressive 147% increase from the prior year period and a 14% increase from Q1 2021. Our record revenue during the quarter, together with improved operational efficiency, also led to an improvement in profit when compared with the prior year and prior quarter results. These improved topline and bottom-line results, both year over year and sequentially, were primarily driven by modifications in the operations in our Core Markets of Colorado and Oregon as we benefited from our consolidated supply chain. Our Colorado Core Market was the primary growth driver during the quarter, incurring the bulk of the increased demand. Of note, we also closed the acquisition of Allied Concessions Group, Inc. ("ACG") in the quarter, although we have been consolidating its economics since December 31, 2020. We further strengthened our position in the Company's Emerging Markets, as we successfully launched brand extensions and new products." "Looking ahead, SLANG is well positioned to leverage its cumulative operational experience from its Core Markets of Colorado and Oregon and is looking to rapidly expand in Vermont following our recent acquisition of HI-FI, the largest medical cannabis company in the state. Adding Vermont, including its four retail locations in the state, to our Core Market cohort, enables SLANG to begin recognizing revenue at the retail level in late Q3 2021. By offering SLANG's existing line of products in Vermont, we create additional brand visibility, and anticipate top and bottom-line growth in the near-term as these direct customer sales are expected to generate higher margin. Overall, we are pleased with this quarter's progress, as we continued to reduce operating expenses, while supporting the Company's expanded capabilities, demonstrating once again the effectiveness of cost cutting initiatives taken by management over the past year." Operational Highlights and Growth Drivers: SLANG continued to grow in its core markets of Colorado and Oregon, as well as executing on its Emerging Markets strategy where it employs an asset-light business model by forming strategic partnerships to establish a market presence in other U.S. states. Subsequent to quarter end, SLANG created its third Core Market in Vermont, with the closing of the acquisition of High Fidelity, Inc. ("HI-FI") the largest medical cannabis company in the state which services approximately 70 percent of registered patients. The acquisition expands SLANG's operational footprint in Vermont to now include a 28,000-square-foot cultivation, production, lab, and retail distribution facility, with a planned 50,000-square-foot expansion expected to be completed in 2022. It also adds two of the five medical cannabis licenses in Vermont with four fully operational dispensaries, including in the Burlington area, with the ability to add two new retail dispensaries upon receipt of licenses. The acquisition of HI-FI is expected to be accretive to SLANG's earnings in calendar 2021 and onward. Retail sales in Vermont for adult-use cannabis products are expected to begin in the fall of 2022, with sales expected to reach up to US$230 million in 2023. In the second quarter, revenue growth in Colorado, the Company's largest market, was driven by its Colorado-based distribution business, which enabled the Company to recognize wholesale revenue by distributing all SLANG branded products through sales directly to dispensaries. In June, the Company closed its previously announced acquisition of ACG, a manufacturing and distribution business based in Colorado. While the Company has been consolidating the economics of ACG since December 31, 2020, the integration of ACG into SLANG's platform will allow the Company to control its supply chain from seed to wholesale of the entire portfolio of SLANG brands by consolidating and streamlining operations in Colorado. In Oregon, the Company entered into an agreement to acquire NS Holdings, Inc. ("NSH"), to further bolster its manufacturing assets in the state. NSH is the parent company of GNT Oregon, LLC ("GNT"), the operating asset that produces O.pen, Bakked and District Edibles branded cannabis products at its licensed CO2 extraction and manufacturing facility in Portland, Oregon. The proposed acquisition of NSH follows SLANG's acquisition of licensed manufacturer and distributor, Lunchbox Alchemy in Oregon. The Company's expansion strategy in its Emerging Markets continued to contribute to its revenue growth in the second quarter 2021 as it strives to consistently bring new and unique product SKUs to market through the launch of additional brands in new product verticals and the expansion of existing product lines. Subsequent to quarter end, the Company re-entered California, its largest Emerging Market and the largest cannabis market in the world, with the re-launch of its District Edibles product line (the previous best-selling gummy brand in CA) through its strategic partnership with Natura Life + Science ("Natura"). The Company expects to launch more SLANG-branded products to increase its market penetration in California. In Washington state, the Company launched one of its best-selling brands, O.pen, through a strategic partnership with Snowcrest LLC ("Snowcrest"), a cultivator and processor in Vancouver, WA, subsequent to the quarter end. As part of the partnership, Snowcrest manufactures the SLANG branded products, and SLANG's sales and marketing teams work to place these products in dispensaries across the state. Key Performance Indicators The Company showed meaningful growth with 897,395 Branded Units sold in the second quarter of 2021, an increase of 82% compared to 493,662 Branded Units sold in Q2 2020; and 72.7 million Branded Servings were sold in Q2 2021, an increase of 64% compared to 44.3 million Branded Servings sold in Q2 2020. In addition to sequential sales improvements in the Core Markets of Colorado and Oregon, sales in certain Emerging Markets were notable contributors to the increase. Q2 2021 Branded Units and Servings included sales from the Emerging Market of California, marking the Company's re-entry into the state through its Strategic Partner, Natura. Brand Leadership SLANG's brands continued to earn market-leading positions in its Core Markets in the second quarter of 2021. Highlights include: O.pen VAPE ranked as the #1 vape cartridge in Colorado; Firefly Mini was the #5 and O.pen was the #4 disposable vaporizer in Colorado; Bakked was the #5 dabbable distillate in Colorado (Source: BDSA). During Q2 2021, SLANG's Gross Merchandise Value ("GMV"), representing the total retail dollar value of SLANG branded products sold through all existing SLANG sales channels, whether directly by SLANG or by one of SLANG's strategic partners, totaled $40,578,968. SLANG's Q2 product and licensing revenue of $11,268,202, as reported in its Q2 2021 financial statements, represents 27.8% of GMV. GMV is calculated by multiplying SLANG's number of branded products sold in a period by the MSRP of those products sold. Furthermore, the total percentage of GMV captured by SLANG is an important metric in assessing brand performance as it determines SLANG's proportion of total retail revenue captured. As a newly reported metric, the Company will continue to focus on GMV going forward and initiatives that will help increase SLANG's percentage of GMV. Management expects the acquisition of HI-FI and a continued focus on ecommerce channels will have a meaningful impact on SLANG's percentage of GMV in the remainder of 2021. HI-FI's four retail locations in Vermont and direct to consumer sales via ecommerce will allow SLANG to recognize 100% of GMV on products sold via those channels. Appointment of Director The Company is pleased to announce that effective today, Mr. Shayne Lynn, former President of HI-FI, has been appointed to the Board of Directors. Mr. Lynn is the tenth director to be added to SLANG's majority independent Board. Second Quarter 2021 Financial Review The consolidated financial statements were prepared in accordance with IFRS. The following is selected presentation of the Income Statement for the quarter end June 30, 2021 3 months ended30-Jun-21 3 months ended30-Jun-20 (In thousands except per share data and percentages) CDN CDN Net Operating Revenue $11,288 $4,570 Cost of Goods Sold 7,532 1,729 Gross Profit Before Gain on Fair Value of Biological Assets 3,756 2,841 Unrealized gain on fair value of biological assets 343 - Gross Profit 4,099 2,841 Gross Profit Margin 36% 62% Operating expenses 9,172 8,678 Operating Loss (5,073) (5,837) Other items (Impairment, FV adjustment, FX, gains/losses, taxes, etc.) (413) (8,549) Total Comprehensive Income / (Loss) (4,660) 2,712 Earnings Per Share Basic ($0.01) $0.01 Diluted ($0.01) $0.01   The Company reported $9.7 million of cash and cash equivalents at June 30, 2021, compared to $6.5 million at December 31, 2020. Non-IFRS Measures EBITDA, Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Profit Margin, Gross Merchandise Value, Branded Unit volume and Branded Servings 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. Management defines Adjusted Gross Profit and Adjusted Gross Margin as gross profit and gross margin adjusted for inventory fair value adjustments and fair value changes of biological assets. Gross Merchandise Value is defined as the total retail dollar value of SLANG branded products sold through all existing SLANG sales channels, whether directly by SLANG or by one of SLANG's strategic partners. See the heading "Key Performance Indicators" in the Company's management's discussion and analysis for the three months ended June 30, 2021 (the "Q2 2021 MD&A") for a description of how each of Branded Unit volume and Branded Servings 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. 3 months ended30-Jun-21 3 months ended30-Jun-20 (In thousands except per share data and percentages) CDN CDN Total Comprehensive Income (Loss) ($4,660) $2,712 EBITDA (3,202) (4,239) Adjusted EBITDA (946) (1,772)   See the Q2 2021 MD&A for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG's financial statements and the Q2 2021 MD&A are available on SEDAR at www.sedar.com, and on the Company's Investor Relations website at www.slangww.com. Conference Call Details Management plans to host an investor conference call today, August 26, 2021, at 10:00 am EDT to discuss the results. Timing: Thursday, August 26, 2021 at 10:00 am EDT Dial-in: +1.833-529-0214 (US toll free) or +1.236-389-2114 (International) or +1.647-689-6824 (International) Conference ID: 8484189 Webcast: A live webcast can be accessed from the Investors section of Company's website at www.slangww.com or at this link. A replay of the webcast will be archived on the Company's website for one year.   Share Issuance The Company also announces that it has issued 3,666,673 common shares (611,074 common shares at a deemed price of $0.255 and 3,055,599 common shares at a deemed price of $0.209)in consideration of the provision of past services to the Company by a former director and executive officer. The issuance of the common shares is subject to Canadian Securities Exchange approval and a hold period expiring 4 months and 1 day from the date of issuance, unless waived by the Canadian Securities Exchange. 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. The Company 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 included in this news release include, but are not limited to, statements in respect of the manufacture and distribution of SLANG branded products in Vermont and the expansion of SLANG's facility in Vermont. 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 Carlson / Elizabeth BarkerSLANG@kcsa.com

Toronto, Ontario--(Newsfile Corp. - August 12, 2021) - 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 that it has closed its previously announced acquisition (the "HI-FI Acquisition") of High Fidelity, Inc. ("HI-FI"), Vermont's largest medical cannabis company. "The integration of HI-FI into our nationwide platform will allow us to expand our operational footprint and add Vermont to our existing core markets of Colorado and Oregon," said Chris Driessen, Chief Executive Officer of SLANG. "Hi-Fi's vertically integrated business model enhances our capacity and operational capabilities through its cultivation, production, and retail, including home delivery services, adding significant value to our full portfolio of assets. For Vermont, this partnership will bring revenue to the local and state economy while also providing quality jobs with competitive salaries and benefit packages. We are fully committed to nurturing Vermont's value-driven culture as well as the High Fidelity team's core values, standing by the principles of quality, collaboration and best consumer and employee experience." Key Transaction Benefits: HI-FI generated positive adjusted EBITDA in fiscal year June 2021, and on this basis, is expected to be accretive to SLANG's earnings in calendar 2021 and onward. HI-FI's trailing twelve month revenue is $6.9 million USD and trailing twelve month adjusted EBITDA is $1.1 million1 Broadens SLANG's core market footprint, adding Vermont to its existing core markets of Colorado and Oregon Expands SLANG's operational footprint with the addition of Vermont's leading vertically integrated cannabis company, which includes a 28,000-square-foot cultivation, production, lab, and retail distribution facility, with a planned 50,000-square-foot expansion expected to be completed in 2022 Adds two of the five medical cannabis licenses in Vermont with four fully operational dispensaries, including in the Burlington area, with ability to add two new retail dispensaries upon receipt of licenses Strengthens SLANG's experienced leadership with the integration of engaged local management teams including a proven and profitable operator with an eight-year history Key Vermont Market Benefits: Helps build infrastructure to meet market demand in the state, providing fresh capital investment to the area Provides new job opportunities with competitive wages and benefit packages SLANG's 2200-outlet retail pipeline provides immediate opportunity for Vermont-branded product distribution to a larger US market Creates strong partnership in supporting the social justice initiatives in Vermont's cannabis laws Adds leadership and expertise to support innovation, best manufacturing practices and compliance About High FidelityHI-FI is Vermont's premier vertically integrated cannabis company, founded in 2012 in Burlington. The Company owns two of the five medical cannabis licenses in Vermont and services approximately 70 percent of registered patients2. In June 2021, both licenses commenced operating under a new brand name, CeresMED. In the upcoming licensing process for adult use, current medical license holders will have early access to the market alongside Vermont's craft growers, giving them a significant opportunity to build consumer loyalty. In addition to the four dispensaries, HI-FI operates statewide home delivery services and wholesale distribution of its own branded products as well as SLANG branded products. Furthermore, HI-FI is awaiting approval of a social equity application for a retail medical cannabis license in New Jersey. HI-FI also owns and operates Ceres Natural Remedies, Vermont's original CBD store. Since 2016, Ceres has grown to include three retail stores and a portfolio of Ceres branded products with distribution in over 1,200 retail locations, which will expand the SLANG network to over 3,400 total points of retail distribution. 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. The Company 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 included in this news release include, but are not limited to, statements in respect of the manufacture and distribution of SLANG branded products in Vermont and the expansion of SLANG's facility in Vermont. 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. Financial OutlookThis press 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 revenue and adjusted EBITDA of HI-FI during the fiscal year ended June 30, 2021 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" above and assumptions with respect to market conditions, pricing, and demand. Actual results may 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. Non-IFRS MeasuresAdjusted EBITDA is a non-IFRS financial measure that the Company uses to assess its operating performance. Adjusted EBITDA is defined as net earnings (loss) before net finance costs, income tax expense (benefit) and depreciation and amortization expense, 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. 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 supplemental measures 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. 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. 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. Third Party InformationThis 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.comKCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com

Toronto, Ontario--(Newsfile Corp. - August 4, 2021) - 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 that it is relaunching in California with popular edibles brand District Edibles. Products will be manufactured exclusively by Natura Life + Science ("Natura"), a vertically integrated cannabis manufacturing company and available throughout the Golden State. Based in Sacramento, Natura is bringing back one of California's favorite infused products, District Edibles, which were previously one of the top-selling gummies in the state. "With brand recognition for District Edibles already established, this partnership will enable SLANG to increase Gross Merchandise Value and distribution in one of our key emerging markets," said Chris Driessen, CEO of SLANG. California is the largest cannabis market in the U.S., generating sales of nearly $4.4 billion USD in 2020 up 57 percent from 2019, according to MJ Biz Daily. Through a previously announced strategic partnership, Natura has been granted an exclusive license to produce and distribute the SLANG product suite in California. The Company expects to launch more SLANG-branded products in the coming quarters. SLANG will also provide sales consulting services and will receive royalty payments for each branded product sold in the state. Seth Sznapstajler, VP of Sales, Natura said, "SLANG is one of the most successful and admired industry leaders in cannabis consumer packaged goods. Natura has a world-class manufacturing facility, built to bring the best cannabis products to market. With this partnership, we have a dream team that will enable SLANG brands to thrive in California. By popular demand, we're kicking off the partnership by launching District Edibles. The Natura team is ecstatic to bring such a tasty and high-quality product to the California market." Equity Compensation Issuances SLANG also announces that it will issue an aggregate of 732,936 common shares ("SLANG Shares"), at a deemed price of C$0.21 per SLANG Share, to 25 employees, including 3 executive officers, who elected to receive shares as part of their compensation. The issuance of the SLANG Shares is subject to Canadian Securities Exchange (the "Exchange") approval and a hold period expiring 4 months and 1 day from the date of issuance, unless waived by the Exchange. The Company also announces that it has granted 3,232,398 incentive stock options, 2,742,398 of which were granted to directors and officers, the options are subject to vesting provisions and exercisable for five and ten year periods at a price of C$0.21 per SLANG Share. The Company further announces it has granted 350,000 restricted share units (each, an "RSU"), to certain key employees of the Company, 250,000 of which were granted to an officer. RSUs represent the right to receive, upon vesting, SLANG Shares, cash, or any combination thereof, at the discretion and approval of the directors of the Company. 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. The Company 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 included in this news release include, but are not limited to, statements in respect of the manufacture and distribution of SLANG branded products in California. 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 Carlson / Elizabeth BarkerSLANG@kcsa.com

Toronto, Ontario--(Newsfile Corp. - July 14, 2021) - 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 that it has launched two of its best-selling brands, O.pen and District Edibles, in the State of Washington through a strategic partnership with Snowcrest LLC ("Snowcrest"), a cultivator and processor in Vancouver, WA. One of America's best-selling vape brands, O.pen, is now available across dispensaries in Washington. District Edibles is expected to launch in August, further increasing SLANG's product penetration in the Evergreen State. The strategic partnership with Snowcrest, LLC, allows for SLANG brands to be produced in a vertically integrated facility. "Washington is one of the largest cannabis markets in the United States and we are excited to launch our first products for the adult-use market," said Chris Driessen, CEO of SLANG. "This strategic partnership enables us to increase our Gross Merchandise Value metric and expand our retail distribution network through a well-respected, vertically integrated operator with an established track record of success." As part of this previously announced partnership, Snowcrest will manufacture SLANG branded products, and SLANG's sales and marketing teams will work to place these products in dispensaries across the state. The agreement follows a royalty-based payment structure. In addition, Dolce Foglia, LLC, a full-service flavor house catering to the growing food & beverage industries, is also working with Snowcrest to provide premium flavorings in an array of edible products. Ryan Fabian, Owner of Snowcrest, LLC said, "We are thrilled about the strategic alliance with SLANG Worldwide for the Washington State cannabis market. The widely respected brands by SLANG, along with both teams' shared core values and vision of growth are a perfect fit. We proudly manufacture the highest quality flower, vape and edibles for distribution throughout the State of Washington. We look forward to years of successful growth together with the dynamic team and product brands of SLANG Worldwide." 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. The Company 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 included in this news release include, but are not limited to, statements in respect of the distribution of SLANG branded products in the state of Washington. 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. Media and Investor inquiriesInvestors@SLANGww.comKCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com

Toronto, Ontario–(Newsfile Corp. – June 28, 2021) – 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 that it has entered into an agreement and plan of merger (the “Merger Agreement”) to acquire High Fidelity, Inc. (“HI-FI”), Vermont’s largest medical cannabis company (the “Merger”). Key Transaction Benefits: Delivers an accretive transaction on prospective Adjusted EBITDA basis Broadens SLANG’s core market footprint to include Vermont, adding to its existing core markets of Colorado and Oregon Adds two of the five medical cannabis licenses in Vermont with four fully operational dispensaries, including in the Burlington area, with ability to add two new retail dispensaries upon receipt of licenses Expands SLANG’s operational footprint with the addition of Vermont’s leading vertically integrated cannabis company, which includes a 28,000-square-foot cultivation, production, lab, and distribution facility, with a planned 50,000-square-foot expansion expected to be completed in 2022 Strengthens SLANG’s experienced leadership further with engaged and aligned local management teams including a proven and profitable operator with an eight-year history Key Vermont Market Benefits: Creates new jobs with competitive wages and benefit packages Brings fresh capital investment into the state, helping to build infrastructure to meet market demand Provides immediate opportunity for Vermont-branded product distribution to a larger US market through SLANG’s established 2200-outlet retail pipeline Adds expertise to support best manufacturing practices, innovation and regulatory compliance Creates strong partnership in supporting the social justice initiatives in Vermont’s cannabis laws HI-FI is one of Vermont’s premier vertically integrated cannabis companies, founded in 2012 in Burlington, the state’s largest urban and cultural center. The Company owns two of the five medical cannabis licenses in Vermont, Champlain Valley Dispensary (“CVD”) and Southern Vermont Wellness (“SVW”), and services approximately 70 percent of registered patients[2]. In June 2021, both CVD and SVW commenced operating under a new brand name, CeresMED. In the upcoming licensing process for adult use, current medical license holders will have early access to the market alongside Vermont’s craft growers, giving them a significant opportunity to build consumer loyalty. In addition to the four dispensaries, HI-FI operates statewide home delivery services and wholesale distribution of its own branded products as well as SLANG branded products. HI-FI has a long-standing mutually beneficial relationship with SLANG as a licensed manufacturer and distributor of leading vape brand, O.pen, in Vermont since 2015. Additionally, the Merger is expected to lead to the introduction of more of SLANG’s award-winning, market-leading brands (District Edibles, Firefly, Bakked and Lunchbox Alchemy) to the Vermont market. Retail sales in Vermont for adult-use cannabis products are expected to begin in the fall of 2022, with sales expected to reach up to US$230 million in 2023. “We recognized the value in High Fidelity as a local success story and pioneer in the Vermont cannabis community, focused on providing access to patients and consumers”, said Chris Driessen, Chief Executive Officer of SLANG. “The High Fidelity team is proud of their accomplishments to date and are committed to the ‘Vermont Way’ of doing things, which means a focus on quality, collaboration and the best consumer and employee experience. We understand these core values and are equally committed to nurturing their value-driven culture. This partnership will not only serve the cannabis community, it will bring quality jobs and revenue to the local and state economy.” Shayne Lynn, President of HI-FI said, “Since our inception, we have led the Vermont cannabis industry with a ‘people first’ philosophy and a focus on expanding patient access and consumer education. With this transaction, we will be able to share experience and resources to help build new regional brands and create a new business model in the industry. As part of SLANG, we can continue to expand our offerings, create more jobs in our communities and remain true to our Vermont heritage, which the SLANG team values tremendously.” In addition to four medical cannabis licenses, HI-FI also owns Ceres Natural Remedies, Vermont’s original CBD store. Since 2016, Ceres has grown to include three retail stores and a portfolio of Ceres branded products with distribution in over 1,200 retail locations, which will expand the SLANG network to over 3,400 total points of retail distribution. In addition to its own branded products, Ceres has a strong track record of scaling up regional and national brands through its sales channels. In 2019, Ceres purchased trētap, a Vermont-based sparkling beverage company and the first of its kind to utilize organic tree water from maple sugarbushes. In 2019, Ceres launched trētap CBD, with four new sparkling beverages infused with CBD. Additionally, HI-FI is awaiting approval of a social equity application for a retail medical cannabis license in New Jersey. This application was submitted in collaboration with partners native to Trenton, N.J. with a mission to support communities disproportionately affected by the War on Drugs. Driessen concluded, “Having already worked with the HI-FI team for a number of years, we are excited to expand our relationship with the team and participate in the Vermont market in a more significant way.” Lynn will join SLANG’s leadership team and is expected to join the Company’s board of directors upon closing of the Merger. Transaction details: At the closing of the Merger, SLANG will pay US$12,000,000 of the Purchase Price by issuing an aggregate of 31,578,947 restricted voting shares in the capital of SLANG (the “SLANG Shares”) (based on an implied price per share of US$0.38), and paying US$3,000,000 in cash. At the 18-month anniversary of the closing of the Merger, SLANG will pay US$250,000 of the Purchase Price by issuing 657,894 SLANG Shares (based on an implied price per share of US$0.38), and paying US$2,000,000 in cash. Pursuant to the Merger Agreement, SLANG may issue additional SLANG Shares upon the achievement of certain performance milestones. Completion of the Merger remains subject to the satisfaction or waiver of all conditions precedent in the Merger Agreement, including the receipt of the approval of the State of Vermont’s Department of Public Safety and any other government authority whose approval is required. Closing of the Merger is expected to occur in Q3 2021. To be added to SLANG’s email distribution list, please email SLNG@kcsa.com 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. The Company 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 included in this news release include, but are not limited to, statements in respect of the completion of the Merger on the terms described herein or at all and the manufacture and distribution of new SLANG-branded products in Vermont. 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. Media and Investor inquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com