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SLANG Worldwide Inc. is a leading global cannabis consumer packaged goods (CPG) company, operating in 13 legal cannabis markets nationwide. With a diversified portfolio of popular brands including O.pen, Alchemy Naturals, Ceres, and Firefly, SLANG specializes in acquiring and developing market-proven regional brands while launching innovative new brands to meet evolving consumer tastes. The company's experience in the highly regulated cannabis sector allows partners access to successful operations, sales, and marketing strategies. SLANG's strong product pipeline and strategic partnerships position them as a top performer in states where they operate.
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SLANG Worldwide Inc. (SLNG) achieved strong sales growth, with revenue of $9.1 million and $28.4 million for the three and nine months ending September 30, 2023, representing an 11.4% and 7.4% year-over-year increase. The company also achieved positive cash flow for each operating business unit and continued improvement in adjusted gross margins. However, the company's EBITDA showed a negative trend, and there was a reduction in cash and restricted cash at September 30, 2023, compared to previous periods.
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SLANG Worldwide Inc. (SLNG) to release Q3 2023 financial results on November 28, 2023. The leading global cannabis CPG company plans to discuss the results in an investor conference call.
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SLANG Worldwide Inc. (SLNG) announces strategic initiative to maximize shareholder value by evaluating strategic alternatives with PGP Capital Advisors. The Company aims to explore opportunities for business combination, sale, divestiture, acquisition, or merger to increase scale and market share. Financial highlights include $11.2 million cash, strong adjusted gross margin of 54%, and significant sales growth in Colorado and Vermont.
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SLANG approves grant of 3,236,640 incentive stock options to independent directors
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SLANG achieved its strongest adjusted gross margins to date of 54% in Q2 2023, representing a 6.3% increase YoY. Revenue in Vermont increased by $1.8 million and $3.87 million for the three-month and six-month periods ending June 30, 2023. The company had $11.23 million in cash and restricted cash as of August 15, 2023.
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SLANG Worldwide Inc. plans to release its second quarter 2023 financial results on August 24, 2023. The company will host an investor conference call at 10:00 am ET on the same day to discuss the results.
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SLANG Worldwide Inc. reports positive financial results for Q1 FY2023, including positive EBITDA of $0.68 million, positive operational cash flow for the second consecutive quarter, and a 56% increase in adjusted gross profit year-over-year. The company anticipates positive momentum to continue in fiscal 2023.
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FAQ
What is the current stock price of SLANG WORLDWIDE (SLGWF)?
The current stock price of SLANG WORLDWIDE (SLGWF) is $0.00422 as of October 15, 2024.
What is the market cap of SLANG WORLDWIDE (SLGWF)?
The market cap of SLANG WORLDWIDE (SLGWF) is approximately 1.2M.
How many legal cannabis markets does SLANG operate in?
SLANG operates in 13 legal cannabis markets nationwide.
What are some popular brands under SLANG?
Some popular brands under SLANG include O.pen, Alchemy Naturals, Ceres, and Firefly.
What is SLANG's specialty in the cannabis industry?
SLANG specializes in acquiring and developing market-proven regional brands while launching innovative new brands to meet evolving consumer tastes.
How does SLANG support its partners?
Partners of SLANG benefit from the company's experience in the highly regulated cannabis sector, gaining access to successful operations, sales, and marketing strategies.
What sets SLANG apart from other cannabis companies?
SLANG's strong product pipeline and strategic partnerships position them as a top performer in the states where they operate, distinguishing them from other cannabis companies.
SLANG WORLDWIDE INC
OTC:SLGWF
SLGWF Rankings
SLGWF Stock Data
1.19M
128.13M
6.84%
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