SLANG Worldwide (CNSX:SLNG) announced its expansion into the Ohio medical cannabis market through a licensing agreement with Standard Wellness Company.
As quoted in the press release:
Pursuant to the licensing agreement, Standard Wellness has been granted an exclusive license to produce and distribute the SLANG product suite in Ohio, beginning with its category-leading O.penVAPE, Pressies, Bakked and District Edibles brands. SLANG will derive revenue for each branded product sold in the state, with sales expected to commence in 2020.
“We strive to create brand awareness early and establish relationships with consumers in attractive, new cannabis markets,” said SLANG CEO Peter Miller. “Our discipline around capital efficiency makes partnerships like this very strategic in achieving our near and long-term goals for brand awareness, while giving our partners a competitive advantage and a running start in their markets.”