SLANG WORLDWIDE INC - $SLGWF STOCK NEWS

Welcome to our dedicated page for SLANG WORLDWIDE news (Ticker: $SLGWF), a resource for investors and traders seeking the latest updates and insights on SLANG WORLDWIDE stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SLANG WORLDWIDE's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SLANG WORLDWIDE's position in the market.

04/12/2024 07:30 AM

News

SLANG Worldwide Announces Q4 and Year-End 2023 Financial Results

Rhea-AI Summary

SLANG Worldwide Inc. reported a 7% decrease in revenue for FY 2023 but achieved a gross profit margin of 52%. Operating expenses decreased by 21%, resulting in a 34% decrease in total comprehensive loss. The company launched a wholesale offering in Vermont and focused on strategic growth initiatives. EBITDA improved by $5.66 million, and the company maintained a strong financial position with $9.04 million in cash and restricted cash.

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End-of-Day

-25.17%

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04/03/2024 07:30 AM

News

SLANG Worldwide Announces Fourth Quarter and Full Year 2023 Conference Call Details

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SLANG Worldwide Inc. announced the release of its fourth quarter and full year 2023 financial results and conference call on April 12, 2024. The company, a global cannabis CPG leader, will discuss the results during an investor call at 10:00 am ET.

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End-of-Day

13.21%

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01/17/2024 07:55 AM

News

SLANG Worldwide Launches O.pen in Arizona Through Trulieve Strategic Partnership

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SLANG Worldwide Inc. announces the launch of its vape brand, O.pen, in Arizona through a partnership with Trulieve Cannabis Corp. The brand will be available in Trulieve's 21 retail stores and over 140 additional retail stores in the state, marking SLANG's expansion into its 13th key market. The CEO of SLANG, John Moynan, sees this as a significant development in their national expansion strategy. The strategic partnership with Trulieve has also led to successful product launches in Maryland, Florida, and West Virginia, with Pennsylvania expected soon.

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End-of-Day

11.63%

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11/28/2023 07:30 AM

News

SLANG Worldwide Announces Third Quarter 2023 Financial Results

Rhea-AI Summary

SLANG Worldwide Inc. (SLNG) achieved strong sales growth, with revenue of $9.1 million and $28.4 million for the three and nine months ending September 30, 2023, representing an 11.4% and 7.4% year-over-year increase. The company also achieved positive cash flow for each operating business unit and continued improvement in adjusted gross margins. However, the company's EBITDA showed a negative trend, and there was a reduction in cash and restricted cash at September 30, 2023, compared to previous periods.

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End-of-Day

-5.66%

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11/21/2023 04:05 PM

News

SLANG Worldwide Announces Third Quarter 2023 Conference Call Details

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SLANG Worldwide Inc. (SLNG) to release Q3 2023 financial results on November 28, 2023. The leading global cannabis CPG company plans to discuss the results in an investor conference call.

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End-of-Day

11.49%

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11/21/2023 07:30 AM

News

SLANG Worldwide Retains PGP Capital Advisors in Connection with Strategic Alternatives Review

Rhea-AI Summary

SLANG Worldwide Inc. (SLNG) announces strategic initiative to maximize shareholder value by evaluating strategic alternatives with PGP Capital Advisors. The Company aims to explore opportunities for business combination, sale, divestiture, acquisition, or merger to increase scale and market share. Financial highlights include $11.2 million cash, strong adjusted gross margin of 54%, and significant sales growth in Colorado and Vermont.

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End-of-Day

-2.08%

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09/22/2023 05:00 PM

News

SLANG Worldwide Announces Issuance of Equity Incentives

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SLANG approves grant of 3,236,640 incentive stock options to independent directors

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08/24/2023 07:30 AM

News

SLANG Worldwide Announces Second Quarter 2023 Financial Results

Rhea-AI Summary

SLANG achieved its strongest adjusted gross margins to date of 54% in Q2 2023, representing a 6.3% increase YoY. Revenue in Vermont increased by $1.8 million and $3.87 million for the three-month and six-month periods ending June 30, 2023. The company had $11.23 million in cash and restricted cash as of August 15, 2023.

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End-of-Day

-7.16%

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08/17/2023 07:30 AM

News

SLANG Worldwide Announces Second Quarter 2023 Conference Call Details

Rhea-AI Summary

SLANG Worldwide Inc. plans to release its second quarter 2023 financial results on August 24, 2023. The company will host an investor conference call at 10:00 am ET on the same day to discuss the results.

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End-of-Day

1.01%

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08/02/2023 07:30 AM

News

SLANG Worldwide CEO Provides Business Update Letter to Shareholders

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