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Global Cannabis Consumer Packaged Goods SLANG At Risk: $17.3M Debt And Revenue Drops Spell Trouble
Friday, October 11, 2024 - 11:04am | 551SLANG Worldwide (OTC:SLGWF), the cannabis company known for popular brands like O.pen and Firefly, is in the midst of a financial crisis, facing a $17.3 million debt repayment deadline on November 15, 2024. The company announced a deal with its lenders, agreeing to pay $1.75 million upfront and...
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SLANG Cannabis Co. Explores Strategic Alternatives Amid Q2 2024 Revenue Drop And Cash Flow Challenges
Wednesday, August 28, 2024 - 10:09am | 578SLANG Worldwide Inc. (CSE:SLNG) (OTCQB:SLGWF) reported its financial results on Tuesday for the second quarter, three months ended June 30, 2024. The Toronto-based consumer packaged goods company, reported a 26% year-over-year decrease in revenue to CA$6.28 million ($4.7 million) in the second...
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SLANG Worldwide Q1 Revenue Drops 35% YoY, Touts E-Commerce Segment Improvement Thanks To CBD Gummy Brand
Thursday, May 30, 2024 - 9:43am | 617Cannabis consumer packaged goods company, SLANG Worldwide Inc.(CSE:SLNG) (OTCQB:SLGWF) released its financial results Thursday for the first quarter ended ended March 31, 2024. The Toronto-headquartered company announced revenue of CA$7.03 million ($5.13 million), down from CA$10.8 million. The...
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Cannabis CPG Co. SLANG Worldwide Narrows Q4 Loss By 56% YoY, Reports Dip In Revenue
Friday, April 12, 2024 - 1:31pm | 768SLANG Worldwide Inc. (CSE:SLNG) (OTCQB:SLGWF) announced its financial results Friday for the three and twelve months ended Dec. 31, 2023, revealing a double-digit decrease in both fourth quarter and full year 2023 loss. “In 2023, we took a deliberate approach to advancing our strategy of...
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SLANG Shares Surging: Growth Continues For Cannabis Co. As Q3 Revenue And Gross Profit Increase
Tuesday, November 28, 2023 - 11:36am | 866SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) reported on Tuesday results for the three and nine months ended Sept. 30, 2023, revealing an increase in both revenue and gross profit, sequentially and year-over-year. "The third quarter was another solid quarter for SLANG, with both revenue...
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SLANG Q2 Revenue Declines 14.5% YoY, What About Adjusted EBITDA?
Thursday, August 24, 2023 - 8:53am | 540SLANG Worldwide Inc. (OTCQB: SLGWF) (CNSX:SLNG) released financial results for the three months ended June 30, 2023, revealing revenue from continuing operations was CA$8.44 million, a decrease of 14.5% compared with CA$9.87 million Q2 2022. Q2 2023 Financial Highlights Gross profit of CA$4.4...
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SLANG Q1 Revenue Grows 29% YoY, Here Are The Details
Wednesday, May 24, 2023 - 10:05am | 422SLANG Worldwide Inc. (OTCQB: SLGWF) (CSE:SLNG) released financial results for the three months ended March 31, 2023, revealing revenue from continuing operations was CA$10.82 million, ($8 million) an increase of 29% compared with CA$8.37 million in Q1 2022. The primary drivers of the increase were...
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SLANG Shares Soar Despite Stagnating FY22 Revenue, Here's What You Need To Know
Thursday, April 27, 2023 - 11:53am | 575SLANG Worldwide's. (OTCQB: SLGWF) (CNSX: SLNG) revenue from continuing operations for FY 2022 was CA$38.19 million, ($28 million) compared with CA$37.78 million in FY 2021, representing a 1% increase year-over-year. FY 2022 Financial Highlights Gross profit was CA$16.45 million compared to CA...
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SLANG Launches O.pen In West Virginia Via Trulieve
Friday, March 3, 2023 - 9:32am | 498SLANG Worldwide Inc. (CSE:SLNG) (OTCQB: SLGWF) launched its vape brand, O.pen, in West Virginia through its strategic partnership with Trulieve Cannabis Corp. (OTCQX: TCNNF). As part of the strategic partnership with Trulieve, O.pen vape products will be sold in Trulieve's nine West Virginia...
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SLANG Worldwide Q3 Revenue Declines 13% YoY To $6.03M
Tuesday, November 29, 2022 - 10:29am | 661SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) released Tuesday financial results for the three and nine months ended September 30, 2022, with third-quarter revenue of CA$8.17 million ($6.03 million), down 13% from CA$9.36 million in the same period last year. "As I was appointed CEO in...
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SLANG Worldwide's Products Will Be Back In The California Market
Thursday, October 15, 2020 - 5:45pm | 369SLANG Worldwide Inc. (OTCQB: SLGWF), a leading global cannabis consumer packaged goods company, announced Thursday that they are re-entering the California market after a strategic decision to pull back in 2019. The company has partnered with Natura Life+ Science to produce and distribute SLANG...
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What Makes A Good Cannabis Brand?
Wednesday, September 2, 2020 - 9:50am | 1486The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. What makes a good brand? It’s a question that every consumer products company asks themselves eventually. You’ve got to be...
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How Covid-19 Is Affecting The Cannabis Industry
Wednesday, August 26, 2020 - 10:21am | 890The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. The coronavirus crisis has caused dramatic shifts in how and when consumers spend their money, specifically with regard to consumer...