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SLANG Worldwide Inc. (C:SLNG)

Business Focus: Medical Farming

Sector:  Healthcare Industry:  Healthcare Facilities & Services
Company Contact
Address: 50 Carroll Street
Toronto ON M4M 3G3
Tel: N/A
IR: See website
Key People
John Moynan
Chief Executive Officer, General Counsel, Company Secretary
Mikel Rutherford
Chief Financial Officer
Business Overview
SLANG Worldwide Inc. is a Canada-based cannabis consumer packaged goods company with a portfolio of various brands. The Company owns, licenses and/or markets five brands, which serve three categories: flower, inhalable concentrates and ingestible. Its portfolio consists of three distinct consumer packaged goods (CPG) brands, one retail brand and a product portfolio of 30 stock keeping units (SKUs). The Company brings its products to market through three channels: Core Markets-Colorado and Vermont, Emerging Markets-Strategic Partnerships in nine States and THC Free-Distribution & Ecommerce. Its Core Markets include Colorado and Vermont. Its Emerging Markets include Florida, Maine, New Mexico, Michigan, Pennsylvania, Washington, West Virginia, Maryland and Puerto Rico. Its THC Free includes dry herb vaporizer, the Firefly 2+, line of Alchemy Naturals CBD gummies, as well as batteries and various other product components including packaging and hardware.
Financial Overview
For the nine months ended 30 September 2023, Slang Worldwide Inc revenues increased 7% to C$28.4M. Net loss before extraordinary items decreased 26% to C$10.4M. Revenues reflect Core Markets segment increase of 26% to C$23.8M, Corporate & Other segment increase from C$28K to C$79K, Canada segment increase from C$28K to C$79K. Lower net loss reflects Share based payments decrease of 85% to C$458K (expense).
Employees: 152 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $19.84M as of Sep 30, 2023
Annual revenue (TTM): $40.14M as of Sep 30, 2023
EBITDA (TTM): -$11.45M as of Sep 30, 2023
Net annual income (TTM): -$25.91M as of Sep 30, 2023
Free cash flow (TTM): $2.86M as of Sep 30, 2023
Net Debt Last Fiscal Year: $20.60M as of Sep 30, 2023
Shares outstanding: 359,676,725 as of Nov 20, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization