Connect with us

Business

Slang Worldwide Inc (OTCMKTS:SLGWF) Reports Revenues Of CAD 9.657 Million In Q4 2020

Published

on

Slang Worldwide Inc (OTCMKTS:SLGWF) posted revenues of CAD 9.657 million in Q4 2020. Its cash equivalents and cash balance as of December 31, 2020, is $6.476 million.

Enters a strategic pact with Snowcrest LLC

Slang signed a strategic pact with Snowcrest LLC on a royalty payment basis. The deal allows Snowcrest to offer cannabis products of Slang to the patients and consumers in Washington.

Snowcrest will also engage in the manufacture of cannabis products under the Slang brand. The sales and marketing teams of Slang will distribute these products to the dispensaries across the state.

Expects to unveil District Edibles

Slang will introduce District Edibles (seven SKUs), an innovative line of SLANG products, in Florida by May 2021.

Slang, Chris Driessen, said Slang strengthened its leadership and gained strength by signing strategic pacts and integrating the companies. The plant-touching company is in the early stages of reporting meaningful revenues. Slang expects to report profits soon.

Slang posted solid results in Q4 2020 and set the stage to report promising results in 2021. Chris said entering pacts with targeted companies promote growth. The company is excited to enter a deal with one of the leading processors and cultivators – Snowcrest in the state.

Takes over LBA Global Corporation

Slang took over LBA Global Corporation, based in Oregon. It also completed the takeover of LBA Global’s auxiliary – Lunchbox Distribution and Lunchbox Alchemy brand portfolio.

Following this deal, Slang will strengthen its leadership position in Oregon by adding best-selling products and robust production, cannabis extraction, and distribution capabilities. The integrated operation will improve revenues and profits in Oregon.

As per the terms of the transaction, Slang issued 23.913 million shares to the previous owners of LBA to get an equity stake in LBA and its auxiliaries.

Unveils innovative “Gyro” Dabbing Product

Slang unveiled a new product – Gyro. The gyroscopic and spill-proof container comprises live resin concentrates for dabbing.

The spill-proof containers ensure the safe transport of the extracts. Chris said Gyro ensures convenient and simple dabbing to offer an improved experience for the customers.

Slang signed a strategic deal to bring Slang branded products to the Californians. The pact allows Natura an exclusive license to manufacture and distribute Slang branded products in California.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.

FEATURED STORIES

Business2 days ago

THC Biomed Intl Ltd (OTCMKTS: THCBF) Amends its Health Canada Licence to Include Three Strata Units at its Acland Road Location

Post Views: 5 It took only a year for THC Biomed Intl Ltd (OTCMKTS: THCBF) to obtain a rare license...

Business2 days ago

Tetra Bio-Pharma Inc. (OTCMKTS: TBPMF) Obtains an Approval of the Proposed Protocol Modifications to Accelerate the REBORN Study

Post Views: 37 Clinical trials are an essential component of any drug discovery and development program. Innovative research initiatives are...

Business2 days ago

The Appointment of Philip Goldberg, Formerly of Green Leaf Medical, to the Board of Directors of Columbia Care Inc. (OTCMKTS: CCHWF)

Post Views: 6 The growing acceptance and recognition of marijuana for its medical purposes has made an impact on cannabis...

Business2 days ago

Surna Inc, (OTCMKTS: SRNA) Expands its Line of Curated HVACD Family Products with the Introduction of EnviroPro™ Air Handler

Post Views: 6 The cultivation of cannabis comes with a myriad of challenges. Designing cultivation facilities and deploying the systems...

Business3 days ago

Mydecine Innovations Group Inc. (OTCMKTS: MYCOF) Supports the Launch of Version 2.0, a Digital Health Platform by its Subsidiary Mindleap Health

Post Views: 3 The COVID 19 pandemic took the world by storm and has left hundreds of thousands of people...

INDUSTRIAL HEMP3 days ago

HempMeds Latin American Operations, a subsidiary of Medical Marijuana, Inc. (OTCMKTS: MJNA), Announces a 12% Revenue Increase in June 2021 Compared to June 2020

Post Views: 18 What comes to mind when you hear the words, “Medical marijuana?” It is seemingly regarded as the...