StreetInsider.com News Articles

SLANG Worldwide Enters into Waiver and Support Agreement with Secured Lenders in Anticipation of Upcoming Maturity Date

Wed, 09 Oct 2024 09:11:00 -0500

Toronto, Ontario--(Newsfile Corp. - October 9, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a global cannabis consumer packaged goods company with a diversified portfolio of popular brands, today announced that it has entered into a waiver and support agreement (the "Support Agreement") with, among others, the secured lenders (the "Lenders") under the Company's credit and guaranty agreement dated November 15, 2021, as amended (the "Credit Agreement") given the upcoming maturity date under the Credit Agreement of November 15, 2024 (the "Maturity Date").

Pursuant to the Support Agreement, the Lenders have agreed to a standstill

SLANG Worldwide Enters into Waiver and Support Agreement with Secured Lenders in Anticipation of Upcoming Maturity Date

Wed, 09 Oct 2024 09:11:00 -0500

Pursuant to the Support Agreement, the Lenders have agreed to a standstill

SLANG Worldwide Announces Resignation of Director

Tue, 01 Oct 2024 17:00:00 -0500

Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), today announced that Todd Boudreau has resigned from the Company's Board of Directors as a result of other commitments, effective immediately. Mr. Boudreau was first elected to the Board in 2022.

"The Board of Directors thanks Todd for his contributions to the Company and the direction he has provided over his tenure," said Ruth Chun, Board Chair. "The Company was fortunate to benefit from his expertise and wishes him well with all of his future endeavours," Ms. Chun concluded.

Company

SLANG Worldwide Announces Resignation of Director

Tue, 01 Oct 2024 17:00:00 -0500

Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), today announced that Todd Boudreau has resigned from the Company's Board of Directors as a result of other commitments, effective immediately. Mr. Boudreau was first elected to the Board in 2022.
"The Board of Directors thanks Todd for his contributions to the Company and the direction he has provided over his tenure," said Ruth Chun, Board Chair. "The Company was fortunate to benefit from his expertise and wishes him well with all of his future endeavours," Ms. Chun concluded.
Company

SLANG Worldwide Announces Second Quarter 2024 Financial Results

Tue, 27 Aug 2024 17:11:00 -0500

Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a cannabis consumer packaged goods (CPG) company, today released financial results for the three and six months ended June 30, 2024. All figures in this press release are stated in Canadian dollars unless otherwise noted.
John Moynan, Chief Executive Officer of SLANG, said, "This quarter we achieved reduced operating expenses year-over-year, increased wholesale sales in Vermont as well as increased sales in our leading Alchemy Natural CBD gummies. However, we continue to see increased competitive headwinds in our Core and Emerging Markets,

SLANG Worldwide Announces Second Quarter 2024 Financial Results

Tue, 27 Aug 2024 17:11:00 -0500

Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a cannabis consumer packaged goods (CPG) company, today released financial results for the three and six months ended June 30, 2024. All figures in this press release are stated in Canadian dollars unless otherwise noted.
John Moynan, Chief Executive Officer of SLANG, said, "This quarter we achieved reduced operating expenses year-over-year, increased wholesale sales in Vermont as well as increased sales in our leading Alchemy Natural CBD gummies. However, we continue to see increased competitive headwinds in our Core and Emerging Markets,

SLANG Worldwide Announces Director Resignation

Fri, 28 Jun 2024 16:30:00 -0500

Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that Sandra Levy will be resigning from the Company's Board of Directors, effective immediately, to focus on other outside responsibilities and engagements.
"On behalf of the Board of Directors and the executive management team, we want to express our sincere gratitude to Sandra for the many contributions she made over the years in her role as an independent director of SLANG," said

SLANG Worldwide Announces Director Resignation

Fri, 28 Jun 2024 16:30:00 -0500

Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced that Sandra Levy will be resigning from the Company's Board of Directors, effective immediately, to focus on other outside responsibilities and engagements.
"On behalf of the Board of Directors and the executive management team, we want to express our sincere gratitude to Sandra for the many contributions she made over the years in her role as an independent director of SLANG," said

SLANG Worldwide Announces Issuance of Equity Incentives

Fri, 14 Jun 2024 18:36:00 -0500

Toronto, Ontario--(Newsfile Corp. - June 14, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, has approved the grant of 3,299,040 incentive stock options to the independent directors of the Company (the "Options") to acquire common shares in the capital of SLANG (each a "Common Share"). The Options are non-transferable and exercisable until June 14, 2029, at CDN$0.05 per Option, subject to vesting provisions, with one-third vesting on the date of grant and one-third vesting on each anniversary of the

SLANG Worldwide Announces Issuance of Equity Incentives

Fri, 14 Jun 2024 18:36:00 -0500

Toronto, Ontario--(Newsfile Corp. - June 14, 2024) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, has approved the grant of 3,299,040 incentive stock options to the independent directors of the Company (the "Options") to acquire common shares in the capital of SLANG (each a "Common Share"). The Options are non-transferable and exercisable until June 14, 2029, at CDN$0.05 per Option, subject to vesting provisions, with one-third vesting on the date of grant and one-third vesting on each anniversary of the