SLANG Worldwide Announces Q3 2019 Financial Results

SLANG Worldwide (CNSX:SLNG) announced on Tuesday (November 26) its financial results for the three and nine months ended September 30, 2019 and a non-brokered private placement for aggregate gross proceeds of approximately C$15 million.

As quoted in the press release:

The consolidated financial statements were prepared in accordance with International Financial Reporting Standards (“IFRS“).  All figures in this press release are stated in Canadian dollars unless otherwise noted.

“In Q3 2019, we continued to see strong organic revenue growth. Across our portfolio, we saw favourable developments, including a shift in consumer spending toward the premium end of our portfolio, particularly Craft Reserve and Firefly. We continue to diversify our portfolio of products to increase total cannabis market share across both historically strong and blue-sky product segments, for SLANG,” said SLANG CEO Peter Miller.

Click here to read the full press release.