SLANG Worldwide Announces Director Resignation

Rhea-AI Summary

SLANG Worldwide, a prominent global cannabis CPG company, announced the resignation of Sandra Levy from its Board of Directors, effective immediately. Levy is stepping down to concentrate on other external responsibilities and engagements. Ruth Chun, Chair of the Board, expressed gratitude for Levy's contributions and wished her success in her future endeavors. SLANG trades under the symbols CSE: SLNG and OTCQB: SLGWF.

Positive

• Potential for fresh perspectives and new leadership opportunities within the Board.
• Acknowledgment of Levy's contributions may bolster investor confidence in company management.

Negative

• Resignation of a key board member could lead to concerns about stability and continuity.
• Potential gaps in experience and leadership as a result of Levy's departure.

Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - 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 Sandra Levy will be resigning from the Company's Board of Directors, effective immediately, to focus on other outside responsibilities and engagements.

"On behalf of the Board of Directors and the executive management team, we want to express our sincere gratitude to Sandra for the many contributions she made over the years in her role as an independent director of SLANG," said Ruth Chun, Chair of the Board of SLANG. "We wish Sandra continued success in the future."

About SLANG Worldwide Inc.

SLANG Worldwide Inc. is the industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 13 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, Ceres, Firefly, and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at slangww.com.

To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject.

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's management's discussion and analysis for the year ended December 31, 2023 and other disclosure documents available on SEDAR+ at www.sedarplus.ca. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Reader Advisory

Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.

Company Contact
Mikel Rutherford, CFO
833-752-6499

KCSA Strategic Communications
Phil Carlson
SLANG@kcsa.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214808

FAQ

Why did Sandra Levy resign from SLANG Worldwide's Board of Directors (SLGWF)?

Sandra Levy resigned to focus on other outside responsibilities and engagements.

When did Sandra Levy's resignation from SLANG Worldwide become effective?

Sandra Levy's resignation became effective immediately as of June 28, 2024.

What impact might Sandra Levy's resignation have on SLANG Worldwide (SLGWF)?

Levy's resignation may raise concerns about stability and continuity, potentially leading to gaps in experience and leadership.

What symbols does SLANG Worldwide trade under?

SLANG Worldwide trades under the symbols CSE: SLNG and OTCQB: SLGWF.