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Toronto, Ontario--(Newsfile Corp. - February 9, 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, announced today that its best-selling, premium vape product line, O.pen Cured Resin, is now available in Florida, exclusively with Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve"), a leading and top-performing cannabis company based in the United States. Chris Driessen, CEO, said, "Trulieve has differentiated itself as a key player in the Florida market and we are thrilled to expand our existing partnership with them to bring more SLANG products to medical cannabis patients in the state. Cured Resin has established itself as one of our top performing O.pen products and we expect to see similar demand for the brand at Trulieve's dispensaries from Key West to the Panhandle." O.pen Cured Resin is the second SLANG product to be offered in Florida under its strategic partnership with Trulieve, in addition to O.pen Cured Resin batteries and cartridges. O.pen Cured Resin products will be available for purchase at all 73 of Trulieve's licensed dispensaries across Florida, with plans to offer the product in additional markets where it operates. The product comes in half-gram sizes and is made with pure cannabis-derived terpenes for a flower-like experience that consumers love. Valda Coryat, Trulieve's chief marketing officer, commented: "Expanding patient access to high-quality, natural relief in safe, reliable, and innovative product formats is core to our business. We're thrilled to offer O.pen Cured Resin to patients and consumers who have come to expect best-in-class products at our dispensaries." O.pen is the number two best-selling cannabis brand in the U.S. since 2014, according to BDS Analytics. O.pen Cured Resin made with small batch, same strain cannabis derived terpenes that are reintroduced to the strain specific oil they were fractioned from. This allows for the end-user to have a first-class vaping experience that is true to the flower. 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. About Trulieve Trulieve is primarily a vertically integrated "seed-to-sale" company in the U.S. and is the first and largest fully licensed medical cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve-branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve also has operations in California, Massachusetts, Connecticut and Pennsylvania. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF. To learn more about Trulieve, visit www.Trulieve.com. Forward-Looking 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

Toronto, Ontario--(Newsfile Corp. - February 1, 2021) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that it has entered into a strategic partnership and brand services agreement with cannabis-focused private equity firm Merida Capital Holdings ("Merida"), to accelerate SLANG's expansion in both new and existing markets. Additionally, the Company announced a non-brokered private placement led by Merida for aggregate gross proceeds of up to $10 million to fund further growth (the "Financing"). All figures in this press release are stated in Canadian dollars unless otherwise noted. "Forming this strategic partnership with one of the pre-eminent cannabis investors in the U.S. is a testament to the strength of our business and the growing demand for our cannabis products. By establishing such a valuable strategic collaboration and attracting high quality institutional investment, at sector-leading terms, we are well positioned to fund our expansion and bring our products to new customers," said Peter Miller, Co-Founder and Executive Chairman of SLANG. The strategic partnership will leverage Merida's portfolio to expand SLANG's branded products into Missouri and Virginia, while also accelerating the Companies retail distribution in Michigan. Under the terms of the agreement, Merida will be granted options to acquire common shares of SLANG ("SLANG Shares") and may earn additional compensation for achieving certain milestones, including sales targets, and initiatives to promote the commercialization of SLANG products across the entire Merida ecosystem, which also includes various licensed businesses in West Virginia, California, Maryland, Pennsylvania, and investments in various cannabis oriented finished goods, technology, and supply chain companies. "Integrating our brands in emerging markets through strategic partnership is core to our growth strategy. This alliance with Merida allows for us to enter two new emerging markets in Virginia and Missouri, expand our sales in Michigan and bring in growth capital," said Chris Driessen, CEO of SLANG. Merida's Managing Partner Mitch Baruchowitz commented: "Merida is excited to welcome SLANG to our ecosystem of 50+ cannabis companies, and tap their brand expertise to expand the product offerings of our licensed medical operators in Virginia, Missouri, as well as 3Fifteen Michigan which currently boasts a leading retail footprint in the state. Our investment and partnership should remove friction from SLANG's state by state expansion and help drive acceleration of their national brand presence." Pursuant to the Financing, the Company will issue up to 26,315,790 SLANG Shares at a price of $0.38 per SLANG Share for aggregate gross proceeds of up to $10,000,000. The terms and structure of the Financing demonstrate the investors' ongoing support and long-term view on SLANG's business. The Company intends to use the proceeds of the Financing to support strategic growth opportunities, including SLANG's expansion into new states. The Financing is expected to close imminently. SLANG's proprietary brands include O.pen, Bakked, District, Pressies, Lunchbox Alchemy and Firefly. To be added to SLANG's email distribution list, please email investors@slangww.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 terms and completion of the Financing, the impact of SLANG's agreement with Merida and the distribution of SLANG's products in new markets, including California, Michigan, Missouri, Virginia, West Virginia, Maryland and Pennsylvania. 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 nine months ended September 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor inquiriesinvestors@slangww.com KCSA Strategic Communications Phil Carlson / Elizabeth BarkerSLNG@kcsa.com

You can have confidence in a vape pen company that’s been manufacturing them since 2012. They’ve been around for almost a decade now selling vape pen batteries and cartridges for vaping cannabis oil. This vape pen company has continued to improve its 510 thread vape pen batteries substantially. They sell a variety of compact and reliable THC cartridge battery options. Experience the best 510 thread battery for cartridges. The O.pen vape pen brand offers a variety of options that include 8 different colors including black, white, silver, gold, rose gold, purple, blue & even has a woodgrain option. Read more on the top 10 best 510-thread vape batteries in 2021 in this SF Weekly article.

Toronto, Ontario--(Newsfile Corp. - January 7, 2021) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that it has entered into a definitive agreement and plan of merger (the "Merger Agreement") with respect to its previously announced proposed acquisition (the "Acquisition") of Allied Concessions Group Inc. ("ACG"), a manufacturing and distribution business based in Colorado. Pursuant to the terms of the Merger Agreement, SLANG will issue up to an aggregate of 66,120,730 common shares in the capital of the Company, provided that SLANG may elect that up to 60% of such shares may be issued as restricted voting shares in the capital of the Company, as determined by SLANG in its sole discretion and subject to further adjustment in accordance with the Merger Agreement (the "Shares"). ACG is an Infused Product Manufacturer (MIP) that produces O.pen, Bakked and Pressies branded cannabis products in Colorado. ACG is comprised of two different manufacturing and distribution facilities that extract both hydrocarbon and CO2 oil for all SLANG branded products in Colorado. The Acquisition is the latest development in the Company's strategy to consolidate its supply chain in Colorado, which is one of its core markets with an estimated cannabis market size of $1.7 B1 in 2019. This planned expansion follows SLANG's recent acquisitions of licensed cannabis cultivator Pleasant Valley Ranch, LLC and licensed manufacturer and distributor, Peoria Partners LLC in Colorado. Chris Driessen, CEO of SLANG, said, "We are thrilled that our long awaited acquisition of Allied Concessions Group is approaching its conclusion. Once we have final approval to close, which we expect this quarter, we will control our own destiny from seed to wholesale of the entire portfolio of SLANG brands in our largest market. This acquisition will allow us to continue to consolidate and streamline our operations in Colorado while increasing our revenue. With greater control over production and distribution planning, we expect to improve our gross profit per unit sold and strengthen our leadership position in the state." Pursuant to the terms of the Merger Agreement, an aggregate of 3,306,037 Shares will be placed in escrow upon closing of the Acquisition to satisfy indemnification claims and working capital adjustments. In addition, all Shares will be subject to a contractual lock-up pursuant to which 1/8 of the Shares shall be released from such lock-up on the last day of each calendar quarter following closing of the Acquisition. Completion of the Acquisition remains subject to the satisfaction or waiver of all conditions precedent in the Merger Agreement, including the receipt of the approval of the Colorado Department of Revenue's Marijuana Enforcement Division. Closing of the Acquisition is expected to occur in Q1 2021. To be added to SLANG's email distribution list, please email investors@slangww.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 and SLANG's prospects in Colorado. 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor inquiriesinvestors@slangww.com KCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLNG@kcsa.com

Toronto, Ontario--(Newsfile Corp. - December 21, 2020) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that its O.pen and Firefly Mini line of products are now available in Ontario. The Ontario Cannabis Store, the province's sole wholesale distributor of adult-use cannabis, has listed O.pen vaporizer cartridges and Firefly Mini disposable vaporizers in its catalog available for purchase by licensed retailers and online, through the Ontario Cannabis Store website. "We are pleased to be able to offer our flagship O.pen and Firefly brands to consumers in Ontario," said SLANG President & CEO Chris Driessen. "After a successful launch of the O.pen line in British Columbia, we are excited to continue that momentum across Canada into Ontario, with O.pen and the Firefly Mini." O.pen is considered to be the #2 best-selling cannabis brand of all time in the United States by analytics firm BDSA since it began tracking legal sales in 2014. Firefly is an innovator in dry flower vaporizer technology, and recently extended that technology expertise to concentrate vaporizers. "As an operator in the Canadian market since 2013, I believe this launch is timed well with the maturing-market dynamics we're now seeing, and in which SLANG excels," added Peter Miller, SLANG Executive Chairman. "We are encouraged by the ongoing reduction of commodity-oriented producers, and the emergence of highly discerning consumers. We will strive to earn our place in the market through a respect for those consumers and a focus on their experience." SLANG-branded products are manufactured and distributed in the Canadian market by its investee company, Agripharm Corp. ("Agripharm"). Owned in partnership with Canopy Growth and Green House Seed Co., Agripharm was one of the first licensed cannabis producers in Canada, in operation since 2014. In 2015 it became the first licensed producer in the country to make use of supercritical CO2 extraction methods. SLANG looks forward to bringing more products to the Canadian market with Agripharm, including new live resin products similar to those recently launched successfully by the Company in Colorado. SLANG's O.pen and Firefly products are now available for purchase, online, and at retailers across Ontario. Media and Investor inquiriesInvestors@SLANGww.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. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG and on the OTCQB under the symbol SLGWF. 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 Company's prospects in Ontario and other Canadian markets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, 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 nine months ended September 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

Toronto, Ontario--(Newsfile Corp. - December 22, 2020) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that it has entered into a strategic partnership to manufacture and distribute cannabis products for Flower by Edie Parker. Founded in 2010 by Brett Heyman, Edie Parker gained global recognition for its high-quality handbags, accessories and home décor. In 2019, the brand expanded into the cannabis and cannabis accessories category under the namesake Flower by Edie Parker. To date, Flower by Edie Parker continues to usher in a new generation of cannabis users with its artisanal acrylic, ceramic and hand blown glass accessories. The collection features a rotating curation of stash jars, lighters, ashtrays, grinders, bongs, blunt tips, pipes, rolling papers, rolling trays and a distinctly canna-friendly take on Heyman's signature acrylic bags. Friends and supporters of the brand include Kasey Musgraves, Gigi Hadid, Demi Lovato, Laverne Cox, Kaia Gerber, Tracee Ellis Ross, Kylie Jenner, Gwyneth Paltrow, Charlie XCX, Busy Philipps, and many more. Earlier this year they established the Edie Parker Foundation, a 501(c)(3), which focuses predominantly on women and children whose lives have been disproportionately affected by the enforcement of cannabis laws. To date, the Foundation has supported vulnerable communities through partnering with such organizations as the Women's Prison Association, The Bail Project, The Last Prisoner Project and, during the pandemic, Good Plus, City Meals on Wheels, No Kid Hungry and Feeding America. SLANG, through its network partners, will produce branded products for Edie Parker through a white labeling agreement. The formal partnership builds upon a recent order for Edie Parker-branded O.penVAPE batteries. "We are proud to partner with a well-regarded brand like Edie Parker which has embraced the potential of cannabis products to grow its business," said SLANG President & CEO Chris Driessen. "Offering our best-in-class manufacturing and distribution capabilities to third parties represents an exciting avenue of growth for SLANG. We're seeing a proliferation of brands seeking to leverage SLANG's network to expand their footprint in a rapid and cost-effective manner, and we very much welcome that opportunity." "Flower by Edie Parker is the first mainstream brand to fully merge the worlds of Fashion and Flower. It is our goal that individuals engage with cannabis like any other brand that sparks joy in their lives," shared Brett Heyman, Founder and Creative Director of Edie Parker. "The SLANG team manages a portfolio of some of the best-known brands in cannabis and we are enthusiastic about growing with them." The SLANG-manufactured products are expected to launch in Colorado in early 2021, with the potential to expand into additional markets over time. Investor and Public Relations Services The Company also announces that it has engaged KCSA Strategic Communications ("KCSA") to provide investor relations and public relations services effective as of January 1, 2021. KCSA is a fully integrated communications consultancy with a creative and strategic approach to public relations, investor relations and social media. SLANG's contract with KCSA commences with an initial 6-month term, for a monthly fee of USD$13,500, and continues thereafter until SLANG or KCSA provides 90 days written notice of intention to cease. KCSA does not currently hold an equity interest in SLANG. Media and Investor inquiriesInvestors@SLANGww.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. SLANG is listed on the Canadian Securities Exchange under the ticker symbol SLNG and on the OTCQB under the symbol SLGWF. 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 in this news release include, but are not limited to, statements regarding the potential expansion of the Company's third-party manufacturing agreements into additional markets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, 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. Third Party InformationThis press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release. ###

Toronto, Ontario--(Newsfile Corp. - December 29, 2020) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that it has closed its previously announced acquisition (the "Acquisition") of Colorado-licensed cannabis cultivator Pleasant Valley Ranch, LLC ("Pleasant Valley"). The Company acquired Pleasant Valley for a non-material amount of cash and 500,000 restricted voting shares of the Company. "The closing of Pleasant Valley represents another major step forward as we advance SLANG's position as a main provider of well-known brands in the U.S. and is another important accomplishment in our strategy to consolidate key supply-chain assets in core markets," commented SLANG President & CEO Chris Driessen. "We already have a strong presence in Colorado, with our O.pen product ranked as the #1 vape cartridge in the state. This acquisition will support even further growth of our market-leading brand portfolio in the state of Colorado, as we continue to leverage strong partnerships to achieve national prominence with our brands." Pleasant Valley, located in Carbondale, CO, specializes in high-quality, organically grown cannabis strains that thrive in high altitude, mountainous environments. Pleasant Valley has 1,600 square feet of greenhouse cultivation area, and a five-acre outdoor facility at an elevation of approximately 7,500 feet that produces an authentic, naturally cultivated product using snowmelt water. Pleasant Valley has a capacity of 3,600 plants and produces approximately 4,800 pounds annually with projections to potentially double its capacity in 2021. Pleasant Valley has been a key supplier of raw materials for SLANG-branded concentrate and edibles products in Colorado. By consolidating this asset, the reduced cost of those raw materials is expected to directly benefit the unit economics of SLANG products, and the Company's overall gross margin. SLANG has committed to developing community partnerships with local institutions that enhance the social equity and environmental sustainability components of its Colorado footprint, further aligning itself with the values of Colorado and its cannabis industry. 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 Company's proposed acquisition of Pleasant Ranch and the Company's production and distribution of cannabis products in Colorado. 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. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor inquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil Carlson / Elizabeth BarkerSLNG@kcsa.com

SLANG Worldwide will create 43 new cannabis industry jobs in Colorado by expanding production of consumer packaged goods, the Office of Economic Development and International Trade announced on Monday. SLANG’s Denver’s office, which is also their U.S. headquarters, employs 75 people. The 43 new positions in Denver and Boulder include lab technicians, project managers and production-related jobs. The governor’s office indicated the average salary will be $75,000. Read More On Colorado Politics

Slang Worldwide, a cannabis consumer-packaged-goods company, is expanding its operations in Colorado and plans to create 43 new jobs. The Colorado Office of Economic Development and International Trade said in a statement Monday that the company has 75 employees in its Denver office, its U.S. headquarters, and in Boulder, which will expand. “Colorado’s cannabis industry offers strong growth potential and this move speaks volumes about our state’s cannabis industry and community as a whole,” Gov. Jared Polis said. Read More On The Denver Post