Sector: Healthcare | Industry: Healthcare Facilities & Services |
Company Contact | |
Address: | 50 Carroll Street Toronto ON M4M 3G3 |
Tel: | N/A |
Website: | https://slangww.com |
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 fiscal year ended 31 December 2023, Slang Worldwide Inc revenues decreased 7% to C$35.7M. Net loss before extraordinary items decreased 34% to C$19.4M. Revenues reflect Emerging Markets CBD and Distribution segment decrease of 35% to C$6.2M. Lower net loss reflects Depreciation and amortization decrease of 58% to C$2.3M (expense), Share based payments decrease of 72% to C$1M (expense). |
Employees: | 152 as of Dec 31, 2021 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $33.92M as of Dec 31, 2023 |
Annual revenue (TTM): | $35.68M as of Dec 31, 2023 |
EBITDA (TTM): | -$3.05M as of Dec 31, 2023 |
Net annual income (TTM): | -$19.37M as of Dec 31, 2023 |
Free cash flow (TTM): | -$2.92M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $24.81M as of Dec 31, 2023 |
Shares outstanding: | 227,712,387 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |