Monica Rizzio will perform at the Cape Cod Museum of Art in Dennis on Sunday, February 12, at 3:30 PM. The concert is part of the museum’s Winter 2023 Music
SLANG Worldwide Inc.: SLANG Worldwide Announces First Quarter 2021 Financial Results
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
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:
SLANG Worldwide Inc.: SLANG Worldwide Announces Fourth Quarter and Full Year 2020 Financial Results
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.: SLANG Worldwide Announces Selected Preliminary Fourth Quarter and Full Year 2020 Financial Results and Corporate Updates
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
$6,476,873 of cash and cash equivalents at December 31, 2020