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Revenue of $9.9 million in Q1 2021, a 112% increase over Q1 2020 Gross margin of 37% in Q1 2021, compared with 33% in Q4 2020 Cash and cash equivalents of $12.4 million as of March 31, 2021 Strong brand performance, with approximately 747,927 Branded Units sold in Q1 2021 (a 44% increase over Q1 2020)1 Toronto, Ontario--(Newsfile Corp. - May 27, 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 released financial results for the three months ended March 31, 2021. All figures in this press release are stated in Canadian dollars unless otherwise noted. Key Financial and Operational Highlights Financial Highlights: Revenue for Q1 2021 was $9.9 million, compared with $4.7 million in Q1 2020 and $9.7 million in Q4 2020. The primary driver of growth was strong demand in the Company's core markets of Colorado and Oregon as well as the consolidation of wholesale revenue. Similar strength in the Company's emerging markets also contributed to growth, as did the successful launch of new products including Lunchbox Alchemy CBD. Gross profit of $3.71 million (37% gross margin) in Q1 2021, compared with $2.85 million (61% gross margin) in Q1 2020 and $3.16 million (33% gross margin) in Q4 2020. In 2020 sales were primarily comprised of licensing and packaging revenue. This represented lower topline revenue but higher gross margin percentages, with lower gross profit dollars. With the consolidation of our operations in our core markets2 we are now generating higher topline revenue with lower gross margin percentages and higher gross profit dollars. The increase in margin from Q4 2020 is a result of fully consolidating the economics of our Colorado manufacturing partner from December 31, 2020. Adjusted EBITDA (LBITDA) of ($0.96 million) in Q1 2021, compared with ($2.7 million) in Q1 2020. The reduction of the Adjusted EBITDA loss is primarily attributable to an increase in revenue and a reduction in operating expenses. The increase in revenue in Q1 2021 of $5.23M which represents a 112% increase can be attributed to the Company's consolidation of its core market operations as described above. $12.4 million of cash and cash equivalents at March 31, 2021, compared to $6.5 million at December 31, 2020. This includes proceeds from an oversubscribed private placement (the "Financing") for aggregate gross proceeds of $11.9 million, led by cannabis-focused private equity firm Merida Capital Holdings. Chris Driessen, CEO of SLANG, said, "We reported improved topline results, both year over year and sequentially, primarily driven by strength in both our core markets of Colorado and Oregon which benefited from the consolidated economics from our recent acquisitions. Gross profit also improved, as expected, as we fully consolidated the economics of ACG, following the execution of a merger agreement to purchase 100% of the equity interest, which is expected to close in the coming weeks. We continued to integrate and invest in the assets that we acquired in 2020 in our core markets, including launching a new e-commerce store through which we are selling our CBD products, in order to maximize the growth opportunity. "Looking ahead, we are well-positioned to continue our growth strategy of increasing market share in our core markets and expanding in emerging markets. SLANG will continue to benefit from its leaner, more efficient business model which is allowing us effectively manage costs. Excluding expenses associated with the companies acquired in 2020 which were LBA Global, Peoria Partners, Pleasant Valley Ranch and ACG, operating expenses declined by 20% to $8.66M (or 87% of revenue) compared with Q1 2021 operating expenses of $10.78M (or 230% of revenue). All-in, operating expenses still declined in Q1 2021 compared with Q1 2020. This improved operational efficiency, together with our brand leadership and expanding product portfolio, provides us with a strong platform to support the rapid scaling of our business throughout the remainder of the year. We expect to see stronger emerging market sales in 2021 as we drive brand value creation and expand our presence in these markets. Our partnerships with Trulieve, Natura Life + Science and Gage Cannabis will further contribute to our expanded product distribution and improve our brand performance. With a strong cash balance to fuel our expansion into new states and growth in core markets, we are poised for meaningful growth in the remainder of the year." Operational Highlights and Growth Drivers: Capital efficiency: As of December 31, 2020 the Company consolidated the economics of Allied Concessions Group, Inc. ("ACG"), which led to improved gross margin. Strategic Partnerships & Emerging Market Expansion: The Company is continuing to recalibrate or strengthen relationships in emerging markets to provide for sustainable and profitable growth. Recent highlights include: California: The Company's Strategic Partnership with Natura Life + Science ("Natura") will allow the Company to re-enter the California market in a profitable way. Products, beginning with District Edibles (the previous best-selling gummy in CA), are expected to be available in Q2 2021. Massachusetts: The Company has a Strategic Partnership with Trulieve Cannabis Corp. ("Trulieve") to supply branded products to the market. 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 can partner on wholesale initiatives, which is a SLANG core competency. Products are expected in summer 2021. Florida: SLANG products continue to be sold at all 81 Trulieve locations in Florida. The Company added O.pen Cured Resin to its Florida portfolio. The Company expects District Edibles gummies in sweet and sour formulations to launch in Q2 2021. Michigan: SLANG's Strategic Partnership with Gage Cannabis, signed in Q2 2020, is expected to bring branded products to the Michigan market in Q3 2021. Oklahoma: SLANG products are now available in over 90 stores in the Oklahoma market. Sales in Oklahoma were in part driven by District Edibles gummies in both sweet and sour formulations. O.Pen Cured Resin is also set to launch in Oklahoma in Q2 2021. Washington: The Company has a Strategic Partnership with Snowcrest, LLC to supply branded products to the market. The Company is expected to bring branded products to market in Q3 2021. Canada: In Q1 2021, the Company's O.pen and Firefly Mini line of products became available in Ontario. The FireflyMini has been ranked as the #1 selling disposable vape for several weeks in Q1 2021. Key Performance Indicators: Excluding California, the Company showed considerable growth. 747,927 Branded Units were sold in Q1 2021, an increase of 44% compared with 520,239 Branded Units sold in Q1 2020; and 56.5 million Branded Servings were sold in Q1 2021, an increase of 23% compared with 46 million Branded Servings sold in Q1 2020. Including California, 748,079 Branded Units were sold in Q1 2021, an increase of 18% compared with 634,751 Branded Units sold in Q1 2020; and 56.5 million Branded Servings were sold in Q1 2021, an increase of 5% compared with 53.8 million Branded Servings sold in Q1 2020. The Company saw a 169% increase in branded unit volume in Oregon and expects California sales to pick up in Q2 2021 with its strategic partnership with Natura. In markets where units are down but servings are up, this generally is a result of consumer preference shifting from .5g carts to 1g carts, which contain a higher number of servings. Product Diversification: The Company is bringing new product SKUs to market through the launch of additional brands in new product verticals and the expansion of existing product lines. During the first quarter, the Company entered into a strategic partnership to manufacture and distribute cannabis products for Flower by Edie Parker. The SLANG-manufactured products launched in Colorado in early 2021, with the potential to expand into additional markets over time. Brand Leadership: SLANG's brands continued to earn market-leading positions in its core markets in the first quarter of 2021. Highlights include: O.pen ranked as the #1 vape cartridge in Colorado and #12 in Oregon; Firefly Mini was the #5 and O.pen was the #4 disposable vaporizer in Colorado; Bakked was the #5 dabbable distillate in Oregon and #5 in Colorado; District Edibles was the #12 gummy in Colorado and Lunchbox Alchemy was the #8 gummy in Oregon; Pressies was the #4 pill in Colorado. (Source: BDSA.) First Quarter 2021 Corporate Development Update SLANG continued to grow in its core markets of Colorado and Oregon. Nationwide, Slang launched a new e-commerce platform, through which its best-selling CBD gummies, Lunchbox Alchemy CBD, are now available for purchase online. Production and fulfilment of all e-commerce orders will be handled in-house through SLANG's Oregon and Colorado infrastructure that was acquired in 2020. In Colorado, Slang signed a strategic partnership agreement with Avér Skin to manufacture, co-package and distribute cannabis-based skincare products, with the potential to expand into additional markets over time. First 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 March 31, 2021:   3 monthsended31-Mar-21 3 monthsended31-Mar-20 (In thousands except per share data and percentages) CDN$ CDN$ Net Operating Revenue $9,923 $4,690 Cost of goods sold* 6,224 1,836 Gross profit before gain on fair value of biological assets 3,699 2,854 Realized fair value amounts included in inventory sold 26 - Unrealized gain on changes in fair value of biological assets (11) - Gross Profit 3,714 2,854 Gross Profit Margin 37% 61% Operating expenses 10,322 10,782 Operating Loss (6,608) (7,928) Other items (Impairment, FV adjustment, FX, gains/losses, taxes, etc.) 2,468 ($31,069) Total Comprehensive Income / (Loss) ($9,076) $23,141 Earnings Per Share     Basic ($0.02) $0.08 Diluted ($0.02) $0.07   Non-IFRS Measures EBITDA, Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Profit Margin, 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. See the heading "Key Performance Indicators" in the Company's management's discussion and analysis for the three months ended March 31, 2021 (the "Q1 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 monthsended31-Mar-21 3 monthsended31-Mar-20 (In thousands except per share data and percentages) CDN CDN Total Comprehensive Income (Loss) ($9,076) $23,141 EBITDA (4,609) (6,347) Adjusted EBITDA (959) (2,704)   See the Q1 2021 MD&A for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG's financial statements and the Q1 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, May 27, 2021, at 10:00 am EDT to discuss the results. Timing: Thursday, May 27, 2021 at 10:00 am EDT Dial-in: +1.833-529-0214 (U.S. toll free) or +1.236-389-2114 (international) or+1.647-689-6824 (international) ConferenceID: 9672407 Webcast: A live webcast can be accessed from the Investors section of Company's website at www.slangww.comor at this link. A replay of the webcast will be archived on the Company's website for one year.   Media and Investor Inquiries Investors@SLANGww.com KCSA Strategic Communications Phil Carlson / Elizabeth BarkerSLANG@kcsa.com 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 Company's prospects and the distribution of the Company's branded products in its core and 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 Q1 2021 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. Third Party Information This news 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. 1 Branded Units Sold and Branded Servings exclude sales in the California market, which the Company exited in 2020.2 This includes acquisition or consolidation of LBA Global Corporation (now renamed Slang Oregon, Inc.), Peoria Partners, LLC (now renamed Slang Colorado Distribution, LLC), Pleasant Valley Ranch LLC (now renamed Slang Colorado Cultivation, Inc.) and Allied Concessions Group, Inc.

Toronto, Ontario–(Newsfile Corp. – May 17, 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, is pleased to announce the appointment of Mr. Sam Brill and Ms. Felicia Snyder as independent directors on its Board of Directors. SLANG’s Board of Directors is now comprised of nine directors, six of whom are independent. Mr. Chris Driessen, President and CEO of SLANG, stated, “Felicia and Sam are both seasoned professionals with significant knowledge and experience in the cannabis industry. As we enter the next chapter of our growth, we made the strategic decision to expand our Board and bring on two executives who have led several companies through tremendous growth. They will help us build value for our shareholders and provide ongoing counsel and guidance in achieving our short and long-term objectives.” Mr. Brill has served as the President and Chief Investment Officer of Seventh Avenue Investments (“SAI”) since August 2017, focused on direct investing in debt and equity securities of a wide range of both growth-oriented and distressed private companies. SAI is the private equity arm of a single-family office in New York City with a multibillion-dollar asset portfolio. In addition to building SAI’s diversified portfolio in traditional sectors, Mr. Brill expanded the investments of the family office into the cannabis sector with a total cannabis portfolio that now exceeds $160 million. In a number of these investments, he played a critical role in helping management with strategic decisions, corporate reorganization, and financial planning. Before joining SAI, Mr. Brill was the Chief Investment Officer and Portfolio Manager of Weismann Capital, a single-family office in Stamford, CT, responsible for all long and short investments in public equities and credit. Previously, he also served as the Chief Operating Officer and Director of Amedia Networks (formerly TTR Technologies), a publicly traded technology company. He started his finance career at JDS Capital Management, a highly successful technology focused hedge fund. Mr. Brill noted, “As a long-term shareholder of SLANG, I am excited about the additional impact I can make as a director on the company’s growth and direction. SLANG has compelling prospects and I look forward to bringing my experience and track record in the capital markets, cannabis industry, and corporate strategy to the SLANG Board of Directors.” Ms. Snyder was a Founding Executive at Tokyo Smoke, one of Canada’s most recognized cannabis brands and a leading Canadian cannabis retailer, where she led the company through its merger with Doja Cannabis and its eventual sale to Canopy Growth. Post-acquisition, she was Vice President at Canopy Growth, managing Canopy’s portfolio of premium cannabis brands. Prior to Tokyo Smoke, she worked for several years in South Korea with Samsung Electronics in its Global Strategy Group and Smart TV Services Group where she led a variety of projects related to business strategy, acquisitions, investments, and developing new partnerships, products and services. She was also a Senior Market Manager at Google and a Management Consultant at Oliver Wyman, a global consulting firm. She holds an MBA from The Wharton School at the University of Pennsylvania and earned her Bachelor of Commerce at McGill University (graduating with Great Distinction). Ms. Snyder commented, “As the cannabis market matures from supply-driven, to brand driven, I believe SLANG is well positioned and on the precipice of significant growth. I am excited to combine SLANG’s diverse brand portfolio, multi-state supply chain and dynamic business model with my experience scaling brands and driving growth at start-ups, Fortune 500 and large multinational corporations.” 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 Statements This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings “Risk Factors” in SLANG’s annual information form dated April 29, 2021 and other disclosure documents available on the Company’s profile on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com

Toronto, Ontario--(Newsfile Corp. - May 17, 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, is pleased to announce the appointment of Mr. Sam Brill and Ms. Felicia Snyder as independent directors on its Board of Directors. SLANG's Board of Directors is now comprised of nine directors, six of whom are independent. Mr. Chris Driessen, President and CEO of SLANG, stated, "Felicia and Sam are both seasoned professionals with significant knowledge and experience in the cannabis industry. As we enter the next chapter of our growth, we made the strategic decision to expand our Board and bring on two executives who have led several companies through tremendous growth. They will help us build value for our shareholders and provide ongoing counsel and guidance in achieving our short and long-term objectives." Mr. Brill has served as the President and Chief Investment Officer of Seventh Avenue Investments ("SAI") since August 2017, focused on direct investing in debt and equity securities of a wide range of both growth-oriented and distressed private companies. SAI is the private equity arm of a single-family office in New York City with a multibillion-dollar asset portfolio. In addition to building SAI's diversified portfolio in traditional sectors, Mr. Brill expanded the investments of the family office into the cannabis sector with a total cannabis portfolio that now exceeds $160 million. In a number of these investments, he played a critical role in helping management with strategic decisions, corporate reorganization, and financial planning. Before joining SAI, Mr. Brill was the Chief Investment Officer and Portfolio Manager of Weismann Capital, a single-family office in Stamford, CT, responsible for all long and short investments in public equities and credit. Previously, he also served as the Chief Operating Officer and Director of Amedia Networks (formerly TTR Technologies), a publicly traded technology company. He started his finance career at JDS Capital Management, a highly successful technology focused hedge fund. Mr. Brill noted, "As a long-term shareholder of SLANG, I am excited about the additional impact I can make as a director on the company's growth and direction. SLANG has compelling prospects and I look forward to bringing my experience and track record in the capital markets, cannabis industry, and corporate strategy to the SLANG Board of Directors." Ms. Snyder was a Founding Executive at Tokyo Smoke, one of Canada's most recognized cannabis brands and a leading Canadian cannabis retailer, where she led the company through its merger with Doja Cannabis and its eventual sale to Canopy Growth. Post-acquisition, she was Vice President at Canopy Growth, managing Canopy's portfolio of premium cannabis brands. Prior to Tokyo Smoke, she worked for several years in South Korea with Samsung Electronics in its Global Strategy Group and Smart TV Services Group where she led a variety of projects related to business strategy, acquisitions, investments, and developing new partnerships, products and services. She was also a Senior Market Manager at Google and a Management Consultant at Oliver Wyman, a global consulting firm. She holds an MBA from The Wharton School at the University of Pennsylvania and earned her Bachelor of Commerce at McGill University (graduating with Great Distinction). Ms. Snyder commented, "As the cannabis market matures from supply-driven, to brand driven, I believe SLANG is well positioned and on the precipice of significant growth. I am excited to combine SLANG's diverse brand portfolio, multi-state supply chain and dynamic business model with my experience scaling brands and driving growth at start-ups, Fortune 500 and large multinational corporations." 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 Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's annual information form dated April 29, 2021 and other disclosure documents available on the Company's profile on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Media and Investor Inquiries Investors@SLANGww.com KCSA Strategic Communications Phil Carlson / Elizabeth BarkerSLANG@kcsa.com

Revenue of $9.7 million in Q4 2020, a 22% increase over Q3 2020 and an 11% increase over Q4 2019 Cash and cash equivalents of $6.5 million at year-end; $12.4 million[1] as of March 31, 2021 Q1 2021 revenue expected to be approximately $9.9 million, a 112% increase compared with $4.7 million in Q1 2020* Strong brand performance, with approximately 706,437 branded units sold in Q4 2020 (a 22% increase over Q4 2019), containing over 56 million branded servings in Q4 2020 (a 17% increase over Q4 2019)[2] Re-entered California market through strategic partnership with Natura Life + Science, products expected to be available in Q2 2021 Re-entered Massachusetts markets through strategic partnership with Trulieve Cannabis Corp., products expected to be available in Q3 2021 Toronto, Ontario–(Newsfile Corp. – April 29, 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 released audited financial results for the full year and three months ended December 31, 2020. The Company previously announced preliminary results for the same periods on April 6, 2021. All figures in this press release are stated in Canadian dollars unless otherwise noted. Key Financial and Operational Highlights Financial Highlights: Revenue for full year 2020 was $26.8 million, compared with $29.2 million in FY 2019. Revenue for the fourth quarter of 2020 was $9.7 million, an increase of 22% compared to Q3 2020 revenue of $7.9 million and an increase of 11% compared to $8.7 million in Q4 2019. The primary driver of sequential growth was a rebound in demand in the Company’s core markets of Colorado and Oregon. Similar strength in the Company’s emerging markets also contributed to sequential growth, as did the successful launch of new products including Lunchbox Alchemy CBD. Gross profit of $12.8 million (48% gross margin) in FY 2020, compared with $13.1 million (45% gross margin) in FY 2019. Gross profit of $3.2 million (33% gross margin) in Q4 2020, compared with $5.5 million (63% gross margin) in Q4 2019. The decrease in margin is a result of two key drivers: i) product mix as the Company increased sales through its emerging markets and ii) due to not fully consolidating the economics of our Colorado manufacturing partner until January 1, 2021, our Q4 cost of goods sold reflect finished product purchases at wholesale prices rather than manufacturers cost. The Company identified and recognized annualized savings of approximately $8.5 million. Adjusted EBITDA (LBITDA) of ($5.5 million) in FY 2020, compared with ($5.6 million) in FY 2019. Adjusted EBTIDA (LBITDA) of ($1.1 million) in Q4 2020, compared with ($1.5 million) in Q4 2019. Total Comprehensive Loss of $34 million in Q4 2020, compared with $208 million in Q4 2019. Total Comprehensive Loss for FY 2020 was $15 million, compared with $202 million in FY 2019. $6.5 million of cash and cash equivalents at December 31, 2020, compared to $8.9 million at December 31, 2019. Subsequent to the quarter end, the Company completed a private placement for $11.9 million. Unaudited cash and cash equivalents were $12.4 million as of March 31, 2021. Unaudited Q1 2021 revenue is expected to be approximately $9.9 million, a 112% increase compared with $4.7 million in Q1 2020* Chris Driessen, CEO of SLANG, said, “We demonstrated growth, with fourth quarter revenue of $9.7 million, a 22% increase over $7.9 million in Q3 2020 and an 11% increase over $8.7 million in Q4 2019. This strong fourth quarter performance followed a year of corporate repositioning to implement a capital efficient and scalable strategy to drive improved topline and bottom-line results. This included the decision to reposition California as an emerging market, not a core market, and other cost reductions implemented over several quarters. While this strategy resulted in lower revenues in the start of the year as we scaled down certain operations, it enabled us to significantly reduce our cost base, streamline operations, and establish a leaner, more efficient business. In the second half of the year, it started to pay off and we generated higher sales, primarily driven by our assets in the core Colorado and Oregon markets. We are very pleased with this progress, and expect to see a continued improvement in our financial results throughout 2021. “The growth strategy in our core markets of Colorado and Oregon is centered around continuing to build the market share of our brands and consolidating supply chain assets in order to strengthen unit economics. To achieve this, we will continue to vertically integrate the supply chain to include cultivation, manufacturing, distribution and wholesale. In Colorado, our acquisitions of Peoria Partners (now renamed Slang Colorado Distribution or SCD), and Pleasant Valley Ranch (now renamed Slang Colorado Cultivation or SCC), and in Oregon our acquisition of LBA Global Corporation, are enabling us to recognize higher topline, wholesale revenue. With the consolidation of these supply chain assets, together with the pending acquisition of Allied Concessions Group, Inc. (“ACG“) once closed, we also expect to see stronger gross margins in 2021 when compared to Q4 2020. “As part of our cost reduction strategy, we pivoted our core markets of California, Massachusetts and Michigan to become emerging markets via our asset-light strategy of forming strategic partnerships with top operators in these states. Emerging market sales are expected to continue to increase as we drive brand value creation and expand our presence in these markets. During the year, we made strong progress executing against this strategy by signing agreements with partners including Trulieve, Natura Life + Science and Gage Cannabis. These are expected to further improve our brand performance by expanding our product distribution and driving Branded Units and Branded Servings. Mr. Driessen concluded, “We entered 2021 with very strong operations to accelerate our growth. Going forward, SLANG will be fully consolidating the economics of our recent acquisitions. Subsequent to the year end, we closed a private placement for $11.9 million, which provides us with the financial flexibility to execute against our growth strategy, including expansion into new states, and build value for shareholders.” Operational Highlights and Growth Drivers Path to Profitability: The Company made strong progress throughout the year accelerating its path to profitability by identifying cost-reduction opportunities, including a rebalancing of the workforce and continued optimization of SLANG Network relationships, and consolidating its supply chain assets. This is reflected in the significantly improved net loss for FY 2020 and Q4 2020, when compared with the same periods in the prior year. As of January 1st the Company will be consolidating the economics of ACG. Strategic Partnerships & Emerging Market Expansion: The Company is continuing to recalibrate or strengthen relationships in emerging markets to provide for sustainable and profitable growth. Recent highlights include: California: In 2020, the Company made the decision to reposition its focus from a core market to an emerging market, in order to reduce costs and streamline operations. In the fourth quarter, the Company entered into a Strategic Partnership with Natura Life + Science (“Natura“). This partnership allows the Company to re-enter the California market in a profitable way. The size and scope of the infrastructure at Natura’s Sacramento facility allows for multiple product lines to be produced in volumes sufficient to support the California market, the largest in the United States. Products, beginning with District Edibles (the previous best-selling gummy in CA), are expected to be available in Q2 2021. Massachusetts: The Company re-entered the Massachusetts market through its Strategic Partnership with Trulieve Cannabis Corp. (“Trulieve“) to supply branded products, which was signed in the third quarter. 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 can partner on wholesale initiatives, which is a SLANG core competency. Products are expected in summer 2021. Florida: SLANG products continue to be sold at all 81 Trulieve locations in Florida. The Company has added O.pen Cured Resin and Firefly Dry Herb Vaporizers to its Florida portfolio. The Company expects District Edibles gummies in sweet and sour formulations to launch in Q2 2021. Branded Unit Sales increased by 4,832 to 103,232 in Q4 2020 compared with 98,400 in Q4 2019; Branded Servings Volume increased by 35,040 to 7,235,040 in Q4 2020 compared with 7,200,000 in Q4 2019. Michigan: SLANG’s Strategic Partnership with Gage Growth Corp., signed in Q2 2020, is expected to bring branded products to the Michigan market in Q3 2021. Oklahoma: SLANG products are now available in over 90 stores in the Oklahoma market. District Edibles gummies in both sweet and sour formulations are now available in the state. O.Pen Cured Resin is also set to launch in Oklahoma in Q2 2021. Canada: SLANG’s minority-owned licensed producer, Agripharm Corp. began selling branded products in British Columbia and also signed a supply agreement with the Province of Ontario. Subsequent to quarter end, the Company’s O.pen and Firefly Mini line of products became available in Ontario. The Firefly Mini is one of the top selling disposable vapes in Ontario per the OCS. Key Performance Indicators: Excluding California, the Company showed considerable growth. 706,437 Branded Units were sold in Q4, an increase of 22% compared with 578,341 Branded Units sold in Q4 2019; and 56 million Branded Servings were sold in Q4 2020, an increase of 17% compared with 48 million Branded Servings sold in Q4 2019. Including California, 708,752 Branded Units sold in Q4 2020, compared with 821,962 Branded Units sold in Q4 2019; 56 million Branded Servings sold in Q4 2020, compared with 60 million Branded Servings sold in Q4 2019. The decline in volumes in 2020 compared with 2019 was due to the Company’s decision to pivot California to an emerging market, as part of its strategy to refocus operations and improve its cost structure. The Company expects to re-enter California in Q2 2021 with its strategic partnership with Natura. In markets where units are down but servings are up, this generally is a result of consumer preference shifting from .5g carts to 1g carts, which contain a higher number of servings. Product Diversification: The Company brought new product SKUs to market in 2020 through the launch of additional brands in new product verticals and the expansion of existing product lines, including introducing Bakked Gyro live resin dabbing solution in the fourth quarter. This follows the introduction of O.pen Live Resin cartridges to the Colorado market. Subsequent to the quarter end, the Company entered into a strategic partnership to manufacture and distribute cannabis products for Flower by Edie Parker. The SLANG-manufactured products launched in Colorado in early 2021, with the potential to expand into additional markets over time. Brand Leadership: SLANG’s brands continued to earn market-leading positions in its core markets in the fourth quarter of 2020. Highlights include: O.pen ranked as the #1 vape cartridge in Colorado for the sixth year running and #12 in Oregon; Firefly Mini was the #4 disposable vaporizer in Colorado; Bakked was the #6 dabbable distillate in Colorado; District Edibles was the #13 gummy in Colorado; Lunchbox Alchemy was the #9 gummy in Oregon; Pressies was the #4 pill in Colorado. (Source: BDSA.) Fourth Quarter Corporate Development Update In late 2020, SLANG’s business model considerably shifted and simplified due to the successful execution of its strategy to consolidate its network of licensed cannabis cultivators, manufacturers, distributors and e-commerce distribution platforms in its core markets of Colorado and Oregon. On October 1, 2020, SLANG completed its acquisition of LBA Global Corporation (“LBA“) and its Lunchbox Alchemy brand portfolio and subsidiary Lunchbox Distribution. LBA is engaged in the business of developing and manufacturing edible and consumable products in the recreational and medical cannabis in Oregon along with national distribution of CBD products which can be found in over 600 stores across the US. On December 22, 2020, the Company acquired 100% of the issued and outstanding equity interests of Colorado-licensed cannabis cultivator Pleasant Valley Ranch, LLC (“Pleasant Valley“) for a non-material amount of cash and 500,000 restricted voting shares of the Company. Pleasant Valley’s operations are located in Carbondale, Colorado and specialize in high quality, organically grown cannabis strains that thrive in high altitude, mountainous environments. These acquisitions follow the acquisition of the licensed cannabis producer and distributor, Peoria Partners LLC (“Peoria”) in Q3 2020. Peoria is the state-licensed manufacturer and distributor of SLANG’s District Edibles brand in Colorado. The Company intends to continue to use Peoria’s Denver facilities for the manufacture of District Edibles and for the distribution of the full suite of SLANG-branded products within Colorado. The Company renamed the entity to Slang Colorado Distribution Inc. The Company also acquired the assets of Cultivate Brands Corp (“Cultivate”) in the second quarter of 2020, a company with a strong cash position and other complementary assets. Full Year 2020 Financial Review The consolidated financial statements were prepared in accordance with IFRS. The following is selected presentation of the Income Statement for the year end December 31, 2020:    3 monthsended31-Dec-20 3 monthsended31-Dec-19 12 monthsended31-Dec-20 12 monthsended31-Dec-19 (In thousands except per share data and percentages) CDN$ CDN$ CDN$ CDN$ Net Operating Revenue              $9,658             $8,716 $26,820 $29,229 Cost of goods sold*               6,524                3,253              14,028              16,094 Gross profit before gain on fair value of biological assets 3,134 5,463 12,792 13,135 Unrealized gain on changes in fair value of biological assets  30 –  30 – Gross Profit 3,164       5,463 12,822 13,135 Gross Profit Margin 33% 63% 48% 45% Operating expenses 6,493 32,814 35,645  72,811 Operating Loss (3,329) (27,351) (22,823) (59,676) Impairment 4,122 128,625 4,122 223,991 Share of loss of investment 254 1,633 2,023 2,174 Financing cost and FV adjustment 27,074 78,456 (12,271) (51,556) Unrealized exchange gain 1,995 1,234 802 467 Gain (loss) on sale of capital assets 5 – (406) – Gain on bargain purchase – – (397) – Income (Loss) Before Income Taxes (36,779) (237,299) (16,696) (234,752) Income taxes 3 22 3 41 Deferred taxes (recovery) (2,638) (29,926) (2,638) (34,456) Net Income (Loss) For Period (34,144) (207,395) (14,061) (200,337) Exchange on translation of foreign operations (354) (393) (531) (1,811) Total Comprehensive Loss ($34,498) ($207,788) ($14,592) ($202,148) Earnings Per Share                   Basic               (0.09)               (0.78)               (0.04)               (0.87)           Diluted               (0.09)               (0.78)               (0.04)               (0.87)   Gross Margin Below is the gross profit margin from operations for the year ended December 31, 2020:    3 months ended31-Dec-20 3 months ended31-Dec-19 12 months ended31-Dec-20 12 months ended31-Dec-19 (In thousands except per share data and percentages) CDN CDN CDN CDN Net Operating Revenue $9,658 $8,716 $26,820 $29,229 Cost of goods sold  6,524  3,253  14,028  16,094 Inventory fair value adjustment – – –  (2,419) Unrealized gain on changes in fair value of biological assets (30) – (30) – Adjusted Gross Profit $3,164 $5,463 $12,822 $15,554 Adjusted Gross Margin 33% 63% 48% 53%   Non-IFRS Measures EBITDA, Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Profit Margin, 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. See the heading “Operations Overview – Branded Volume” in the Company’s management’s discussion and analysis for the year ended December 31, 2020 (the “2020 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 ended31-Dec-20 3 months ended31-Dec-19 12 months ended31-Dec-20 12 months ended31-Dec-19 (In thousands except per share data and percentages) CDN CDN CDN CDN Total Comprehensive Income (Loss) ($34,498) ($207,788) ($14,592) ($202,148) EBITDA (1,532) (21,607) (16,228) (38,646) Adjusted EBITDA (1,108) (1,546) (5,526) (5,575)   See the Company’s 2020 MD&A for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG’s financial statements for the year ended December 31, 2020 and the 2020 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, April 29, 2021, at 10:00 am EDT to discuss the results. Timing: Thursday, April 29, 2021 at 10:00 am EDT Dial-in: +1.844-200-6205 (U.S. toll free) or +1.646-904-5544 (U.S. local) or +44.208-0682-558 (international) Access Code: 071910 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.   Notes:*These preliminary and unaudited financial results are subject to customary financial statement procedures by the Company. 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”. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com 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. 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 first quarter of 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 in this press release and assumptions with respect to market conditions, pricing, and demand. 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 news 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. [1] Unaudited[2] Branded Units Sold and Branded Servings exclude sales in the California market, which the Company exited in 2020.

Revenue of $9.7 million in Q4 2020, a 22% increase over Q3 2020 and an 11% increase over Q4 2019 Cash and cash equivalents of $6.5 million at year-end; $12.4 million[1] as of March 31, 2021 Q1 2021 revenue expected to be approximately $9.9 million, a 112% increase compared with $4.7 million in Q1 2020* Strong brand performance, with approximately 706,437 branded units sold in Q4 2020 (a 22% increase over Q4 2019), containing over 56 million branded servings in Q4 2020 (a 17% increase over Q4 2019)[2] Re-entered California market through strategic partnership with Natura Life + Science, products expected to be available in Q2 2021 Re-entered Massachusetts markets through strategic partnership with Trulieve Cannabis Corp., products expected to be available in Q3 2021 Toronto, Ontario--(Newsfile Corp. - April 29, 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 released audited financial results for the full year and three months ended December 31, 2020. The Company previously announced preliminary results for the same periods on April 6, 2021. All figures in this press release are stated in Canadian dollars unless otherwise noted. Key Financial and Operational Highlights Financial Highlights: Revenue for full year 2020 was $26.8 million, compared with $29.2 million in FY 2019. Revenue for the fourth quarter of 2020 was $9.7 million, an increase of 22% compared to Q3 2020 revenue of $7.9 million and an increase of 11% compared to $8.7 million in Q4 2019. The primary driver of sequential growth was a rebound in demand in the Company's core markets of Colorado and Oregon. Similar strength in the Company's emerging markets also contributed to sequential growth, as did the successful launch of new products including Lunchbox Alchemy CBD. Gross profit of $12.8 million (48% gross margin) in FY 2020, compared with $13.1 million (45% gross margin) in FY 2019. Gross profit of $3.2 million (33% gross margin) in Q4 2020, compared with $5.5 million (63% gross margin) in Q4 2019. The decrease in margin is a result of two key drivers: i) product mix as the Company increased sales through its emerging markets and ii) due to not fully consolidating the economics of our Colorado manufacturing partner until January 1, 2021, our Q4 cost of goods sold reflect finished product purchases at wholesale prices rather than manufacturers cost. The Company identified and recognized annualized savings of approximately $8.5 million. Adjusted EBITDA (LBITDA) of ($5.5 million) in FY 2020, compared with ($5.6 million) in FY 2019. Adjusted EBTIDA (LBITDA) of ($1.1 million) in Q4 2020, compared with ($1.5 million) in Q4 2019. Total Comprehensive Loss of $34 million in Q4 2020, compared with $208 million in Q4 2019. Total Comprehensive Loss for FY 2020 was $15 million, compared with $202 million in FY 2019. $6.5 million of cash and cash equivalents at December 31, 2020, compared to $8.9 million at December 31, 2019. Subsequent to the quarter end, the Company completed a private placement for $11.9 million. Unaudited cash and cash equivalents were $12.4 million as of March 31, 2021. Unaudited Q1 2021 revenue is expected to be approximately $9.9 million, a 112% increase compared with $4.7 million in Q1 2020* Chris Driessen, CEO of SLANG, said, "We demonstrated growth, with fourth quarter revenue of $9.7 million, a 22% increase over $7.9 million in Q3 2020 and an 11% increase over $8.7 million in Q4 2019. This strong fourth quarter performance followed a year of corporate repositioning to implement a capital efficient and scalable strategy to drive improved topline and bottom-line results. This included the decision to reposition California as an emerging market, not a core market, and other cost reductions implemented over several quarters. While this strategy resulted in lower revenues in the start of the year as we scaled down certain operations, it enabled us to significantly reduce our cost base, streamline operations, and establish a leaner, more efficient business. In the second half of the year, it started to pay off and we generated higher sales, primarily driven by our assets in the core Colorado and Oregon markets. We are very pleased with this progress, and expect to see a continued improvement in our financial results throughout 2021. "The growth strategy in our core markets of Colorado and Oregon is centered around continuing to build the market share of our brands and consolidating supply chain assets in order to strengthen unit economics. To achieve this, we will continue to vertically integrate the supply chain to include cultivation, manufacturing, distribution and wholesale. In Colorado, our acquisitions of Peoria Partners (now renamed Slang Colorado Distribution or SCD), and Pleasant Valley Ranch (now renamed Slang Colorado Cultivation or SCC), and in Oregon our acquisition of LBA Global Corporation, are enabling us to recognize higher topline, wholesale revenue. With the consolidation of these supply chain assets, together with the pending acquisition of Allied Concessions Group, Inc. ("ACG") once closed, we also expect to see stronger gross margins in 2021 when compared to Q4 2020. "As part of our cost reduction strategy, we pivoted our core markets of California, Massachusetts and Michigan to become emerging markets via our asset-light strategy of forming strategic partnerships with top operators in these states. Emerging market sales are expected to continue to increase as we drive brand value creation and expand our presence in these markets. During the year, we made strong progress executing against this strategy by signing agreements with partners including Trulieve, Natura Life + Science and Gage Cannabis. These are expected to further improve our brand performance by expanding our product distribution and driving Branded Units and Branded Servings. Mr. Driessen concluded, "We entered 2021 with very strong operations to accelerate our growth. Going forward, SLANG will be fully consolidating the economics of our recent acquisitions. Subsequent to the year end, we closed a private placement for $11.9 million, which provides us with the financial flexibility to execute against our growth strategy, including expansion into new states, and build value for shareholders." Operational Highlights and Growth Drivers Path to Profitability: The Company made strong progress throughout the year accelerating its path to profitability by identifying cost-reduction opportunities, including a rebalancing of the workforce and continued optimization of SLANG Network relationships, and consolidating its supply chain assets. This is reflected in the significantly improved net loss for FY 2020 and Q4 2020, when compared with the same periods in the prior year. As of January 1st the Company will be consolidating the economics of ACG. Strategic Partnerships & Emerging Market Expansion: The Company is continuing to recalibrate or strengthen relationships in emerging markets to provide for sustainable and profitable growth. Recent highlights include: California: In 2020, the Company made the decision to reposition its focus from a core market to an emerging market, in order to reduce costs and streamline operations. In the fourth quarter, the Company entered into a Strategic Partnership with Natura Life + Science ("Natura"). This partnership allows the Company to re-enter the California market in a profitable way. The size and scope of the infrastructure at Natura's Sacramento facility allows for multiple product lines to be produced in volumes sufficient to support the California market, the largest in the United States. Products, beginning with District Edibles (the previous best-selling gummy in CA), are expected to be available in Q2 2021. Massachusetts: The Company re-entered the Massachusetts market through its Strategic Partnership with Trulieve Cannabis Corp. ("Trulieve") to supply branded products, which was signed in the third quarter. 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 can partner on wholesale initiatives, which is a SLANG core competency. Products are expected in summer 2021. Florida: SLANG products continue to be sold at all 81 Trulieve locations in Florida. The Company has added O.pen Cured Resin and Firefly Dry Herb Vaporizers to its Florida portfolio. The Company expects District Edibles gummies in sweet and sour formulations to launch in Q2 2021. Branded Unit Sales increased by 4,832 to 103,232 in Q4 2020 compared with 98,400 in Q4 2019; Branded Servings Volume increased by 35,040 to 7,235,040 in Q4 2020 compared with 7,200,000 in Q4 2019. Michigan: SLANG's Strategic Partnership with Gage Growth Corp., signed in Q2 2020, is expected to bring branded products to the Michigan market in Q3 2021. Oklahoma: SLANG products are now available in over 90 stores in the Oklahoma market. District Edibles gummies in both sweet and sour formulations are now available in the state. O.Pen Cured Resin is also set to launch in Oklahoma in Q2 2021. Canada: SLANG's minority-owned licensed producer, Agripharm Corp. began selling branded products in British Columbia and also signed a supply agreement with the Province of Ontario. Subsequent to quarter end, the Company's O.pen and Firefly Mini line of products became available in Ontario. The Firefly Mini is one of the top selling disposable vapes in Ontario per the OCS. Key Performance Indicators: Excluding California, the Company showed considerable growth. 706,437 Branded Units were sold in Q4, an increase of 22% compared with 578,341 Branded Units sold in Q4 2019; and 56 million Branded Servings were sold in Q4 2020, an increase of 17% compared with 48 million Branded Servings sold in Q4 2019. Including California, 708,752 Branded Units sold in Q4 2020, compared with 821,962 Branded Units sold in Q4 2019; 56 million Branded Servings sold in Q4 2020, compared with 60 million Branded Servings sold in Q4 2019. The decline in volumes in 2020 compared with 2019 was due to the Company's decision to pivot California to an emerging market, as part of its strategy to refocus operations and improve its cost structure. The Company expects to re-enter California in Q2 2021 with its strategic partnership with Natura. In markets where units are down but servings are up, this generally is a result of consumer preference shifting from .5g carts to 1g carts, which contain a higher number of servings. Product Diversification: The Company brought new product SKUs to market in 2020 through the launch of additional brands in new product verticals and the expansion of existing product lines, including introducing Bakked Gyro live resin dabbing solution in the fourth quarter. This follows the introduction of O.pen Live Resin cartridges to the Colorado market. Subsequent to the quarter end, the Company entered into a strategic partnership to manufacture and distribute cannabis products for Flower by Edie Parker. The SLANG-manufactured products launched in Colorado in early 2021, with the potential to expand into additional markets over time. Brand Leadership: SLANG's brands continued to earn market-leading positions in its core markets in the fourth quarter of 2020. Highlights include: O.pen ranked as the #1 vape cartridge in Colorado for the sixth year running and #12 in Oregon; Firefly Mini was the #4 disposable vaporizer in Colorado; Bakked was the #6 dabbable distillate in Colorado; District Edibles was the #13 gummy in Colorado; Lunchbox Alchemy was the #9 gummy in Oregon; Pressies was the #4 pill in Colorado. (Source: BDSA.) Fourth Quarter Corporate Development Update In late 2020, SLANG's business model considerably shifted and simplified due to the successful execution of its strategy to consolidate its network of licensed cannabis cultivators, manufacturers, distributors and e-commerce distribution platforms in its core markets of Colorado and Oregon. On October 1, 2020, SLANG completed its acquisition of LBA Global Corporation ("LBA") and its Lunchbox Alchemy brand portfolio and subsidiary Lunchbox Distribution. LBA is engaged in the business of developing and manufacturing edible and consumable products in the recreational and medical cannabis in Oregon along with national distribution of CBD products which can be found in over 600 stores across the US. On December 22, 2020, the Company acquired 100% of the issued and outstanding equity interests of Colorado-licensed cannabis cultivator Pleasant Valley Ranch, LLC ("Pleasant Valley") for a non-material amount of cash and 500,000 restricted voting shares of the Company. Pleasant Valley's operations are located in Carbondale, Colorado and specialize in high quality, organically grown cannabis strains that thrive in high altitude, mountainous environments. These acquisitions follow the acquisition of the licensed cannabis producer and distributor, Peoria Partners LLC ("Peoria") in Q3 2020. Peoria is the state-licensed manufacturer and distributor of SLANG's District Edibles brand in Colorado. The Company intends to continue to use Peoria's Denver facilities for the manufacture of District Edibles and for the distribution of the full suite of SLANG-branded products within Colorado. The Company renamed the entity to Slang Colorado Distribution Inc. The Company also acquired the assets of Cultivate Brands Corp ("Cultivate") in the second quarter of 2020, a company with a strong cash position and other complementary assets. Full Year 2020 Financial Review The consolidated financial statements were prepared in accordance with IFRS. The following is selected presentation of the Income Statement for the year end December 31, 2020:    3 monthsended31-Dec-20 3 monthsended31-Dec-19 12 monthsended31-Dec-20 12 monthsended31-Dec-19 (In thousands except per share data and percentages) CDN$ CDN$ CDN$ CDN$ Net Operating Revenue              $9,658             $8,716 $26,820 $29,229 Cost of goods sold*               6,524                3,253              14,028              16,094 Gross profit before gain on fair value of biological assets 3,134 5,463 12,792 13,135 Unrealized gain on changes in fair value of biological assets  30 -  30 - Gross Profit 3,164       5,463 12,822 13,135 Gross Profit Margin 33% 63% 48% 45% Operating expenses 6,493 32,814 35,645  72,811 Operating Loss (3,329) (27,351) (22,823) (59,676) Impairment 4,122 128,625 4,122 223,991 Share of loss of investment 254 1,633 2,023 2,174 Financing cost and FV adjustment 27,074 78,456 (12,271) (51,556) Unrealized exchange gain 1,995 1,234 802 467 Gain (loss) on sale of capital assets 5 - (406) - Gain on bargain purchase - - (397) - Income (Loss) Before Income Taxes (36,779) (237,299) (16,696) (234,752) Income taxes 3 22 3 41 Deferred taxes (recovery) (2,638) (29,926) (2,638) (34,456) Net Income (Loss) For Period (34,144) (207,395) (14,061) (200,337) Exchange on translation of foreign operations (354) (393) (531) (1,811) Total Comprehensive Loss ($34,498) ($207,788) ($14,592) ($202,148) Earnings Per Share                   Basic               (0.09)               (0.78)               (0.04)               (0.87)           Diluted               (0.09)               (0.78)               (0.04)               (0.87)   Gross Margin Below is the gross profit margin from operations for the year ended December 31, 2020:    3 months ended31-Dec-20 3 months ended31-Dec-19 12 months ended31-Dec-20 12 months ended31-Dec-19 (In thousands except per share data and percentages) CDN CDN CDN CDN Net Operating Revenue $9,658 $8,716 $26,820 $29,229 Cost of goods sold  6,524  3,253  14,028  16,094 Inventory fair value adjustment - - -  (2,419) Unrealized gain on changes in fair value of biological assets (30) - (30) - Adjusted Gross Profit $3,164 $5,463 $12,822 $15,554 Adjusted Gross Margin 33% 63% 48% 53%   Non-IFRS Measures EBITDA, Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Profit Margin, 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. See the heading "Operations Overview - Branded Volume" in the Company's management's discussion and analysis for the year ended December 31, 2020 (the "2020 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 ended31-Dec-20 3 months ended31-Dec-19 12 months ended31-Dec-20 12 months ended31-Dec-19 (In thousands except per share data and percentages) CDN CDN CDN CDN Total Comprehensive Income (Loss) ($34,498) ($207,788) ($14,592) ($202,148) EBITDA (1,532) (21,607) (16,228) (38,646) Adjusted EBITDA (1,108) (1,546) (5,526) (5,575)   See the Company's 2020 MD&A for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG's financial statements for the year ended December 31, 2020 and the 2020 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, April 29, 2021, at 10:00 am EDT to discuss the results. Timing: Thursday, April 29, 2021 at 10:00 am EDT Dial-in: +1.844-200-6205 (U.S. toll free) or +1.646-904-5544 (U.S. local) or +44.208-0682-558 (international) Access Code: 071910 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.   Notes:*These preliminary and unaudited financial results are subject to customary financial statement procedures by the Company. 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". Media and Investor Inquiries Investors@SLANGww.com KCSA Strategic Communications Phil Carlson / Elizabeth BarkerSLANG@kcsa.com 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. 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 first quarter of 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 in this press release and assumptions with respect to market conditions, pricing, and demand. 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 news 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. [1] Unaudited[2] Branded Units Sold and Branded Servings exclude sales in the California market, which the Company exited in 2020.

Toronto, Ontario--(Newsfile Corp. - April 22, 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 details of its planned release of full year 2020 financial results and conference call. The company expects to release its financial results for the twelve months ended December 31, 2020 before markets open on April 29, 2021. Management plans to host an investor conference call that same day at 10:00 am EDT to discuss the results. Conference Call Details Timing: Thursday, April 29, 2021 at 10:00 am EDT Dial-in: +1.844-200-6205 (U.S. toll free) or +1.646-904-5544 (U.S. local) or +44.208-0682-558 (international) Access Code: 071910 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.   Media and Investor Inquiries Investors@SLANGww.com KCSA Strategic Communications Phil Carlson / Elizabeth BarkerSLANG@kcsa.com 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 are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's annual information form for the year ended December 31, 2019 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.

Toronto, Ontario--(Newsfile Corp. - April 11, 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, wishes to announce that it now expects to release its financial results for the three and twelve months ended December 31, 2020 before markets open on April 29, 2021. The Company will host a conference call for the investment community that morning to discuss the financial results and provide an operational update. The Company also wishes to clarify certain disclosure in its news release titled "SLANG Worldwide Announces Selected Preliminary Fourth Quarter and Full Year 2020 Financial Results and Corporate Updates" dated April 6, 2021 (the "April 6 News Release"). In the April 6 News Release, SLANG provided certain preliminary financial results for the three and twelve months ended December 31, 2020 with respect to revenue and Adjusted EBITDA (the "Preliminary Results"). The Company wishes to clarify that the Preliminary Results were preliminary unaudited financial results that are subject to customary financial statement procedures by the Company. Accordingly, actual results could be affected by subsequent events or determinations. While the Company believes there is a reasonable basis for the Preliminary Results, such results involve known and unknown risks and uncertainties that may cause actual results to differ materially. The Company also wishes to clarify that Adjusted EBITDA is a non-IFRS (as defined herein) financial measure that the Company uses to assess its operating performance. Management defines Adjusted EBITDA 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 was furnished to provide additional information and is a non-IFRS measure and does not have any standardized meaning prescribed by International Financial Reporting Standards ("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 when reporting their results. As other companies may calculate non-IFRS measures differently than the Company, these metrics may not be comparable to similarly titled measures reported by other companies. Accordingly, 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. There are important components of Operating Income / (Loss) that are currently in process of determination. Therefore, a reconciliation of the range of Adjusted EBITDA to Operating Income / (Loss) cannot be provided at this time. A full reconciliation of Adjusted EBITDA to Operating Income / (Loss) will be provided when actual results are released. Please refer to the Company's management's discussion & analysis for the three and nine months ended September 30, 2020 available on SEDAR at www.sedar.com, and on the Company's Investor Relations website at www.slangww.com for additional discussion of non-IFRS measures and their reconciliations The Preliminary Results represent forward-looking information. Please see "Forward-Looking Statements" and "Financial Outlook" in this news release. These clarifications do not change any other information contained in the April 6 News Release. 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 in this news release and the April 6 News Release include, but are not limited to, statements regarding the Company's expected performance for the three and twelve months ended December 31, 2020, including with respect to revenue and Adjusted EBITDA. 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 final long form prospectus dated January 17, 2019 and "Risks and Uncertainties" in the management discussion and analysis for the year ended December 31, 2019 and three and nine months ended September 30, 2020 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. Financial Outlook This news release and the April 6 News Release contain 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 three and twelve months ended December 31, 2020 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. 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. Media and Investor inquiriesInvestors@SLANGww.comKCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com

Toronto, Ontario--(Newsfile Corp. - April 6, 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 issued preliminary, unaudited, selected financial results for the full year and three months ended December 31, 2020 as well as commentary on the current business environment and outlook. All figures in this press release are stated in Canadian dollars unless otherwise noted. Preliminary 2020 Financial Results Full-year 2020 revenue of $26,819,576. Fourth quarter 2020 revenue of $9,657,645 $6,476,873 of cash and cash equivalents at December 31, 2020 Adjusted EBITDA loss in a range of ($900,000) to ($1,400,000) The Company expects to file its combined Q4 and FY2020 Financial results on or about April 30, 2021, followed by an investor conference call Subsequent Corporate Highlights The Company has announced that it has entered into a strategic partnership with Snowcrest LLC ("Snowcrest"), a cultivator and processor in Vancouver, WA, to bring SLANG's cannabis products to consumers and patients in Washington. As part of this 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 a partner in the Washington license. The Company has announced that it expects to launch District Edibles by May 2021, a new line of SLANG products that will be available in the State of Florida with seven SKUs. Management Commentary: Chris Driessen, CEO of SLANG, said, "In 2020 Slang became a stronger, more vibrant business as we integrated companies, signed new strategic partnerships and continued to grow our brands. We are now a plant touching company, which is in the early phases of providing more meaningful revenue and the opportunity to generate profit in the coming quarters. In Q4, we generated solid results to cap off our year and set the stage for a promising 2021. Forming strong partnerships is a crucial element of our growth strategy and we are delighted to partner with Snowcrest, one of the premier cultivators and processors in the state. This partnership provides us with the opportunity to expand the supply of our expansive and unique portfolio of branded cannabis products to reach a greater number of consumers and build brand recognition in the state." Q4 HIGHLIGHTS: SLANG Worldwide Completes Acquisition of Oregon's LBA Global CorporationSLANG completed its previously announced acquisition of LBA Global Corporation and its Lunchbox Alchemy brand portfolio and subsidiary Lunchbox Distribution.Learn More SLANG Worldwide Introduces New "Gyro" Dabbing Product SLANG launched a new concentrate product called the Gyro. The latest addition to SLANG's Bakked product line, the Gyro is the first spill-proof, gyroscopic container for live resin concentrates used for dabbing.Learn More SLANG Worldwide Partners with Natura to bring Leading Portfolio of Cannabis Brands to CaliforniaSLANG and Natura Life + Science, entered a strategic partnership to introduce SLANG-branded products to consumers in California.Learn More SLANG Worldwide Products Available in British ColumbiaSLANG's O.pen line of products is now available in British Columbia.Learn More SLANG Worldwide Chooses Colorado, the Epicenter of Cannabis, for ExpansionSLANG has selected Colorado for its expanded production.Learn More SLANG Worldwide Products Available in Ontario, CanadaSLANG's O.pen and Firefly Mini line of products are now available in Ontario.Learn More SLANG Worldwide Partners With Flower By Edie Parker to Manufacture and Distribute Cannabis ProductsSLANG has entered into a strategic partnership to manufacture and distribute cannabis products for Flower by Edie Parker.Learn More SLANG Worldwide Announces Closing of Pleasant Valley Ranch AcquisitionSLANG has closed its previously announced acquisition of Colorado-licensed cannabis cultivator Pleasant Valley Ranch.Learn More SLANG Worldwide Provides Update on its Pending Acquisition of Allied Concessions GroupSLANG has entered into a definitive agreement and plan of merger with respect to its previously announced proposed acquisition of Allied Concessions Group Inc.Learn More 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 in this news release include, but are not limited to, statements regarding the completion of the Acquisition. 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 final long form prospectus dated January 17, 2019 and "Risks and Uncertainties" in the management discussion and analysis for the year ended December 31, 2019 and six months ended June 30, 2020, each as filed on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Media and Investor inquiriesInvestors@SLANGww.comKCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLANG@kcsa.com

Premium cannabis oil cartridges meet affordability with the new Daily strains from O.pen. This is why O.pen (formally O.penVAPE) made it number one on our list. The company has a long history of consistently upgrading its products to give customers an incredible experience every time. They have a variety of products, from distillate carts to live resin carts to suit consumer preferences. They also have nearly 40,000 Instagram followers and display a bunch of their products on there. Read More On International High Life