Streetbeat News

SLGWF

SLANG Worldwide Inc

http://www.slangworldwide.co

CEO

Peter Miller

Industry

Medicinal and Botanical Manufacturing

Open

0.00

Mkt cap

579K

Volume

10K

High

0.00

P/E Ratio

-0.03

52-wk high

0.04

Low

0.00

Div yield

N/A

52-wk low

0.00

SLANG Worldwide is facing a financial crisis with a $17.3 million debt due in November 2024. The company is struggling with declining revenues and may need to sell assets or downsize. SLANG's stock has dropped significantly.

Portfolio Pulse from Rolando García

October 11, 2024 | 3:04 pm

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

SLANG Worldwide Inc. reported a 35% YoY drop in Q1 revenue, citing increased competition in core markets and a decline in the overall cannabis market in Colorado. However, the company saw improvements in its e-commerce segment and Vermont wholesale channel. Despite a decrease in gross profit and an adjusted EBITDA loss, SLANG reduced operating expenses and increased sales in new channels.

Portfolio Pulse from Nina Zdinjak

May 30, 2024 | 1:43 pm

SLANG Worldwide Inc. (OTCQB:SLGWF) reported a 56% YoY decrease in Q4 total comprehensive loss and a 37% decrease in Q4 revenue. FY 2023 saw a 7% revenue decrease but a 34% decrease in total comprehensive loss. The company highlighted a strategic focus on profitable growth, resulting in higher margins and lower operating expenses. SLANG's shares dropped 5.8824% to $0.028 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

April 12, 2024 | 5:31 pm

SLANG Worldwide Inc. (OTCQB:SLGWF) reported increased revenue and gross profit for Q3 2023, with total revenue of $6.7 million and gross profit of $4.8 million. The company's net loss decreased, and all operating units were cash flow positive. SLANG has a strategic partnership with Trulieve Cannabis Corp. (OTCQX:TCNNF), which has been beneficial, including the launch of SLANG's vape brand in West Virginia. SLANG's OTC shares were up 3.77% at $0.028 per share.

Portfolio Pulse from Jelena Martinovic

November 28, 2023 | 3:36 pm

A New Jersey Judge has dismissed an investor lawsuit against cannabis REIT Innovative Industrial Properties (IIPR) that accused IIP of fraudulent activities. Meanwhile, SLANG Worldwide (SLGWF) is facing allegations of concealing their financial difficulties during negotiations to acquire a Vermont-based cannabis operation.

Portfolio Pulse from Nicolás Jose Rodriguez

September 21, 2023 | 9:01 pm

The article lists the cannabis stocks that gained and lost on August 25, 2023. Notable gainers include Clever Leaves Holdings (NASDAQ:CLVR) and Skye Bioscience (OTC:SKYE), while notable losers include Australis Capital (OTC:AUSAF) and Red White & Bloom Brands (OTC:RWBYF).

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on August 24, 2023. Notable gainers include EVIO, Red White & Bloom Brands, and CBD Unlimited. Major losers include Choom Holdings, Radient Technologies, and Target Group.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 9:30 pm

SLANG Worldwide Inc. reported a 14.5% YoY decrease in Q2 2023 revenue, with a total of CA$8.44 million. The company's gross profit also declined by 3.3% to CA$4.4 million, while its adjusted EBITDA was negative CA$762,000. However, SLANG's gross margin improved to 52% from 43% in Q2 2022. The company also highlighted its new high-margin products and efforts to reduce operating expenses and streamline operations.

Portfolio Pulse from Vuk Zdinjak

August 24, 2023 | 12:53 pm

On August 23, 2023, several marijuana stocks experienced significant price movements. Notable gainers included Hemp (OTC:HEMP), 1933 Industries (OTC:TGIFF), and SLANG Worldwide (OTC:SLGWF), while notable losers included Red White & Bloom Brands (OTC:RWBYF), Heritage Cannabis Holding (OTC:HERTF), and CordovaCann (OTC:LVRLF).

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 9:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.